Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad:Petrol and diesel prices were largely constant on Thursday, 17 August across New Delhi, Kolkata, Mumbai, and Chennai. Petrol rates and diesel rates have been steady over the last few months. However, individual cities see fluctuations in their prices every day. The prices of petrol […]
Month: December 2023
Rupee falls 1 paisa to 83.03 against US dollarRupee falls 1 paisa to 83.03 against US dollar
The rupee settled 1 paisa lower at 83.03 (provisional) against the US dollar on Monday, as positive cues from domestic equity markets failed to allay investors’ concerns over elevated crude prices. A weak American currency against major rivals overseas, however, supported the domestic unit and restricted the fall, forex traders said. The rupee finally settled […]
No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody’sNo petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody’s
Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody’s Investors Service said. Three state-owned fuel retailers — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) — which control roughly 90 per cent of the market, […]
Rating: buy | Indigo: Firmly positioned for investorsRating: buy | Indigo: Firmly positioned for investors
We expect Indigo’s near-term financial performance will be impacted by two ongoing P&W (Pratt & Whitney) issues from FY2024-26 and high crude oil prices with the latter primarily impacting the second quarter of FY2024. We cut our estimates by 10-16% largely on the back of these transient issues—P&W-powered aircraft are expected to phase out of […]
Indian rupee flat amidst market uncertaintyIndian rupee flat amidst market uncertainty
The Indian rupee faced a marginal correction of 6 paise after making a positive opening and is trading at 82.71 against the US dollar during intraday on Thursday. The currency opened at 82.65 and is currently trading in the range of 82.60 to 82.85 against the US dollar. The rupee had ended the previous trading […]
Markets correct, global concerns spark selloff; Nifty below 19450Markets correct, global concerns spark selloff; Nifty below 19450
The correction continues for the second consecutive day in the market. The Nifty slipped below 19,450 and the Sensex too declined 286 points. The broader market was down more than 1%. Selling was seen across the sector, except for FMCG & IT. Most market observers believe that the withdrawal of funds as a result of […]
Closing Bell: Nifty reclaims 19800 levels, Sensex settles above 66590; Realty, Bank stocks surgeClosing Bell: Nifty reclaims 19800 levels, Sensex settles above 66590; Realty, Bank stocks surge
The benchmark equity indices ended the week’s last trading session in the green with the help of Realty and Bank stocks. The NSE Nifty 50 gained 0.47% to settle at 19,819.95, while the BSE Sensex added 333.35 points to settle at 66,598.91. Bank Nifty added 0.62% to 45,156.40. The broader indices traded in green. Among […]
India gets green light to join JPMorgan bond index; rupee, bonds gainIndia gets green light to join JPMorgan bond index; rupee, bonds gain
JPMorgan will include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world’s fifth-largest economy and helping it finance its current account and fiscal deficits. India’s local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked […]
HDFC Bank: Rebound in retail; deposit mobilisation critical for bank’s liability transitionHDFC Bank: Rebound in retail; deposit mobilisation critical for bank’s liability transition
HDFC bank’s latest filings highlight the key points: (i) Encouraging rebound in the retail sector driven by a reduction in provisions, (ii) consistent strong performance in the corporate division, (iii) significant improvement in asset quality concerns, and (iv) a noticeable inclination towards long-term loans, particularly within the corporate sector. Short-term focus should be directed towards […]
Gold prices edge up ahead of likely Fed rate pauseGold prices edge up ahead of likely Fed rate pause
Gold prices edged higher on Monday as investors priced in a pause in interest rate hikes by the Federal Reserve at its policy meeting this week, with a focus on the U.S. central bank’s rate outlook. Spot gold rose 0.2% to $1,928.19 per ounce by 0256 GMT. U.S. gold futures were up 0.2% to $1,949.30. […]