The rupee depreciated for the fourth straight day and settled 9 paise lower at its lifetime low of 83.22 (provisional) against the US dollar on Thursday amid a firm American currency and elevated crude oil prices. Positive trend in the domestic equity markets, however, provided a cushion to the rupee, according to forex traders. At […]
Month: March 2024
Oil prices tick up as markets zoom in on supply tightnessOil prices tick up as markets zoom in on supply tightness
Oil prices edged higher on Thursday, after dipping slightly in the previous session, as markets refocused on expectations of tight crude supply for the rest of 2023. International benchmark Brent futures climbed 17 cents to $92.05 a barrel at 12:02 GMT, while U.S. West Texas Intermediate crude (WTI) rose 19 cents to $88.71. Saudi Arabia […]
Sebi rejigs panel on alternative investment policy; expands to 25 membersSebi rejigs panel on alternative investment policy; expands to 25 members
Sebi has reconstituted its alternative investment policy advisory committee, which advises the capital markets regulator on a range of issues that impact further development of the AIF space. The committee has now 25 members, as per latest update with the Securities and Exchange Board of India (Sebi). The panel, which was constituted by Sebi in […]
RBI proposes tighter dividend payout guidelines for banksRBI proposes tighter dividend payout guidelines for banks
The Reserve Bank of India (RBI) on Tuesday floated a draft circular proposing to tighten dividend payout guidelines for domestic and overseas banks operating in India. The proposal says banks with net non-performing asset ratio (NNPA)ofABOVE 6% and capital adequacy ratio (CRAR)ofbelow 11.5% cannot declare dividends. The regulator has sought public feedback on the proposed […]
Nifty charts showing indecisiveness between bulls, bears; REC, Ultratech Cement, Mphasis among stocks to buyNifty charts showing indecisiveness between bulls, bears; REC, Ultratech Cement, Mphasis among stocks to buy
By Shrikant Chouhan On Tuesday, the benchmark indices witnessed narrow range activity. Nifty ended 35 points higher while the Sensex was up by 123 points. Among sectors, buying was seen in media and selective private banks stocks, whereas metal stocks witnessed intraday profit booking at higher levels. Stock Recommendations REC BUY | CMP: Rs 140.3 […]
How various global indices, commodities affect the Indian stock marketsHow various global indices, commodities affect the Indian stock markets
By Achin Goel The Indian stock market has been one the outperforming capital markets globally and many economists concur that India will be a bastion of growth for the global economy in the near and medium term. However, bouts of volatility induced by global factors affect Global Indices and the Indian stock market, of which, […]
FII, DII data: FPIs sold shares worth Rs 1864 cr, DIIs bought shares worth Rs 521 cr on October 5, ThursdayFII, DII data: FPIs sold shares worth Rs 1864 cr, DIIs bought shares worth Rs 521 cr on October 5, Thursday
Foreign institutional investors (FII) offloaded shares worth net Rs 1,864.20 crore, while domestic institutional investors (DII) added shares worth net Rs 521.41 crore on October 5, 2023, according to the provisional data available on the NSE. For the month till October 5, 2023, FIIs sold shares worth net Rs 8,322.36 crore while DIIs bought shares […]
With Nasik mandi closed, govt steps up onion sales on e-NAMWith Nasik mandi closed, govt steps up onion sales on e-NAM
With the mandis in Nasik district of Maharashtra remaining closed for a week, the government is aiming to scale up sales of onion from its buffer stock by National Cooperative Consumers Federation (NCCF) and farmers’ cooperative Nafed via national digital platform electronic-national agriculture market (e-NAM). In the last couple of weeks, NCCF has sold 9637 […]
GAIL to tap spot LNG markets to meet surge in power demandGAIL to tap spot LNG markets to meet surge in power demand
GAIL (India) Ltd will tap spot liquefied natural gas (LNG) markets to address surging power demand, an executive at the state-run company said on Thursday, as the Indian government calls for more supplies to address an electricity crunch. Much of India’s domestic gas supply is already committed, Sanjay Kumar, marketing director at India’s top distributor […]
3 trains, a head-on collision and tragedy on tracks: India’s deadliest train accident | IN PICS3 trains, a head-on collision and tragedy on tracks: India’s deadliest train accident | IN PICS
1/11 The Ministry of Railways has initiated a high-level probe into the train crash in Odisha. The probe will be conducted by the Commissioner of Railway Safety (CRS), South Eastern Circle. (Reuters photo) 2/11 The commissioner of railway safety works under the Ministry of Civil Aviation and investigates all such accidents. “AM Chowdhary, CRS, SE […]