Cooperatives NCCF and NAFED will start selling tomatoes at a reduced rate of Rs 40 per kilogram from August 20 amid declining price of the kitchen staple in wholesale and retail markets. Since last month, the National Cooperative Consumers’ Federation of India (NCCF) and National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) have been […]
Month: December 2023
Rupee falls 3 paise to close at 83.23 against US dollarRupee falls 3 paise to close at 83.23 against US dollar
The rupee depreciated 3 paise to settle at 83.23 (provisional) against the US dollar on Wednesday, as a muted trend in domestic equities and sustained foreign fund outflows weighed on investor sentiments.Forex traders said the strength of the American currency in the overseas market further dented investor sentiments. At the interbank foreign exchange market, the […]
Share Market Highlights: Nifty settles below 19700, Sensex below 66000; Bank Nifty shades over 140 pointsShare Market Highlights: Nifty settles below 19700, Sensex below 66000; Bank Nifty shades over 140 points
The benchmark domestic indices ended Tuesdays’ trading session in negative territory. The NSE Nifty 50 slipped 9.85 points to 19,664.70, while the BSE Sensex fell 0.12% to 65,945.47. The Bank Nifty index shed as many as 141.90 points to 44,624.20. Among the broader indices, midcap stocks faced corrections while small caps added gains. Among the […]
Oil rises on tightening crude supplyOil rises on tightening crude supply
Oil rose in early Asian trade on Wednesday, supported by tightening global crude supply ahead of a panel meeting of OPEC+ ministers. Brent crude oil futures rose 6 cents to $90.98 a barrel by 0004 GMT, while U.S. West Texas Intermediate crude (WTI), rose 11 cents to $89.34 per barrel. Saudi Arabia is expected to […]
Rupee ready for a directional trend, outperforms other Asian currencies; dollar plunges, outlook bearishRupee ready for a directional trend, outperforms other Asian currencies; dollar plunges, outlook bearish
By Dilip Parmar The Indian rupee marked the best month of the current fiscal year and outperformed among the Asian currencies for the quarter ending on June 30, backed by foreign fund inflows, stronger regional peers and risk-on sentiments. Typically, June month remained one of the worst months for the rupee but this time it […]
Closing Bell: Sharp rebound after volatile start, Nifty breaches key resistance zone, closes above 19700 levels, Sensex settles above 66260; Realty, PSU Bank stocks soarClosing Bell: Sharp rebound after volatile start, Nifty breaches key resistance zone, closes above 19700 levels, Sensex settles above 66260; Realty, PSU Bank stocks soar
The benchmark equity indices ended Thursday’s trading session in the green with the help of PSU Bank and Realty stocks. After a volatile start, there was a sharp rebound across the markets taking the Nifty well past the key resistance zone around 19,650 and the Index finally closed at 19,727.05, while the BSE Sensex added […]
Jefferies raises price target for Container Corporation with Buy RatingJefferies raises price target for Container Corporation with Buy Rating
Container Corp is another key stock in focus. Jefferies has raised the price target for the stock to Rs 825 and sees upside potential of 18%. They believe Concor will maintain its profitability and market share position and regain lost market share as its dedicated freight network presence pays off. Road to rail cargo shift […]
Mid, small cap promoters cash in on rallyMid, small cap promoters cash in on rally
Promoters are continuing to cash in on the rally in mid-cap and small-cap indices, with shares worth a total of Rs 14,663 crore being sold since July till date.Data shows that out of the 124 companies in which promoters decided to offload stakes, only three were large-caps — namely DLF, Info Edge and Pidilite Industries. […]