Adani Power share price soared 5 per cent to a new 52-week high of Rs 419 apiece on Friday, taking its rally so far in 2022 to 307 per cent. With today’s gain, Gautam Adani group firm has overtaken state-run NTPC in market capitalisation. Technical analysts say that Adani Power stock now remains steeply overextended …
Mandi prices of onion, garlic and tomato have witnessed a sharp decline compared to last year as supplies improved on the back of more than adequate monsoon rains in key producer states of Maharashtra, Karnataka, Andhra Pradesh and Madhya Pradesh. Traders say that prices of these key agricultural commodities are expected to remain depressed in …
At a time when rural consumption remains tepid, buoyancy in urban consumption primarily caused consumer durables production to spike to a 14-month high in August, say experts. As per the August Index of Industrial Production (IIP) data – consumer durables output rose 5.7% year-on-year. In the past 14 months, the sector’s output has contracted year-on-year …
OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic. The view from the Organization of the Petroleum Exporting Countries contrasts with that of the International Energy Agency, …
By Ashley Coutinho The Securities and Exchange Board of India (Sebi) plans to allow brokers to extend the margin trading facility (MTF) to equity exchange traded funds (ETFs). At present, only select stocks that fall under Group 1 securities are offered the MTF facility by brokers. Globally, however, ETFs can be purchased on margin, even …
Rakesh Jhunjhunwala stock Star Health and Allied Insurance Company has rallied more than 50% in a month and analysts see more upside on the stock going forward. After Star Health’s fiscal first quarter results, brokerage firms have maintained their ‘Buy’ ratings, remaining optimistic on the overall prospects of the insurance company. Star Health shares were …
India’s target to raise the share of gas in its energy mix to 15% by 2030 from around 6.4% now seems improbable, as demand will continue to outstrip domestic supply while inadequate evacuation infrastructure could prevent large-scale imports that would be required to realise the lofty goal, analysts said. Far from going up, India’s net …
Reliance Industries share price fell more than half a per cent intraday Monday dragging Nifty, Sensex deep in red, down around 1 per cent in Morning trade. Initially, RIL share price rose 0.26 per cent despite S&P BSE Sensex falling more than 400 points or 0.50% to give up 59,250; and NSE Nifty 50 index declining …
IT stocks sold off for the fourth straight session on Tuesday owing to investor concerns that margins of software firms could continue to stay under pressure as wage and retention costs rise and expenses on travel and facilities also increase. Moreover, there are apprehensions that business from top geographies could slow. The BSE IT index …
Sensex and Nifty have soared 14% from June lows as Foreign Institutional Investors (FII) returned to Dalal Street and inflation seemed to be cooling down. On Tuesday, Sensex and Nifty were dancing between gains and losses as bulls and bears engaged in a tug-of-war after the recent run-up. It may be prudent to stick with …