Month: March 2024

MCX Gold displays a bearish reversal trend as traders fear US Fed rate hike; further correction likelyMCX Gold displays a bearish reversal trend as traders fear US Fed rate hike; further correction likely

By Bhavik Patel As the Federal Reserve prepares to reach the final phase of its current tightening cycle, the gold market is once again beginning to shine. Next week we have the FOMC meet and the CME’s FedWatch tool is predicting that there is a 99.8% probability that the Federal Reserve will implement a 25 […]

SBFC Finance IPO Listing: Shares have bumper debut on bourses, list at 44% premiumSBFC Finance IPO Listing: Shares have bumper debut on bourses, list at 44% premium

SBFC Finance IPO: SBFC Finance shares listed at 44% premium over IPO price on NSE and BSE amid positive domestic market. The share debuted at Rs 82 apiece on the BSE, as compared to the issue price of Rs 57. A positive listing was expected as ahead of the market debut, SBFC Finance shares were […]

NIVEA India appoints Geetika Mehta as new managing directorNIVEA India appoints Geetika Mehta as new managing director

NIVEA has announced the appointment of Geetika Mehta as the new managing director. As per the company, Mehta brings a wealth of experience and expertise to steer the brand. Mehta, with a distinguished career in the FMCG sector, has a track record of developing small businesses as well as managing large-scale corporations across markets including […]

NCCF procures 2,826 tonnes onion from farmers for buffer stock; to scale up buying in coming daysNCCF procures 2,826 tonnes onion from farmers for buffer stock; to scale up buying in coming days

The National Cooperative Consumers’ Federation of India (NCCF) on Saturday said it has purchased 2,826 tonnes of onion at Rs 2,410 per quintal directly from farmers in the last four days mostly from Maharashtra as it resumed procurement of the bulb for a higher buffer stock.The government enhanced the onion buffer stock target from 3 […]

NLC India’s first coal-based supercritical thermal power plant coming up in Kanpur | IN PICSNLC India’s first coal-based supercritical thermal power plant coming up in Kanpur | IN PICS

1/8 To meet the rising power demand in India, the NLC India Limited (formerly Neyveli Lignite Corporation Limited) will begin the operation of its first super-critical coal-based thermal power plant soon. 2/8 The NLC India Limited’s first coal-based supercritical power plant – Neyveli Uttar Pradesh Power Ltd (NUPPL) is being built at Uttar Pradesh’s Ghatampur […]

Where is share market headed after Nifty closes above 19460, Bank Nifty below 43950; check support, resistanceWhere is share market headed after Nifty closes above 19460, Bank Nifty below 43950; check support, resistance

Domestic indices ended Wednesday’s trading session in the green. The NSE Nifty 50 rose 30.45 points or 0.16% to 19,465 and BSE Sensex climbed 137.50 points or 0.21% to 65,539.42. In sectoral indices, Bank Nifty plunged 0.33%, Nifty Financial Services tumbled 0.34%, Nifty Private Bank fell 0.46%, and Nifty Metal tanked 0.94%, while Nifty Media […]

Sebi slaps Rs 35 lakh fine on 7 entities for indulging in non-genuine tradesSebi slaps Rs 35 lakh fine on 7 entities for indulging in non-genuine trades

Capital market regulator Sebi has imposed fines totalling Rs 35 lakh on seven entities for indulging in non-genuine trades in the illiquid stock options segment on the BSE. In seven separate orders on Monday, the regulator slapped a fine of Rs 5 lakh each on Subhash Kumar Poddar HUF, Manoj Kumar Goenka HUF, Ayan Akhter […]

Share Market Highlights: Nifty closes just over 19300, Sensex under 65k; RIL AGM today, JFS ends 2% lower, RIL sheds 1.3%Share Market Highlights: Nifty closes just over 19300, Sensex under 65k; RIL AGM today, JFS ends 2% lower, RIL sheds 1.3%

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity indices NSE Nifty 50 and BSE Sensex closed in the green on Monday, as traders celebrated the US Federal Reserve Chairman’s less hawkish stance and new measures by the Chinese authorities to support the markets. Nifty 50 closed at 19,306.05, while Sensex closed […]

Onion traders protest export duty, shut Nasik marketOnion traders protest export duty, shut Nasik market

Traders on Monday closed onion auctions indefinitely in all the Agriculture Produce Market Committee (APMC) mandi in Maharashtra’s Nashik district, to protest against the government’s decision to impose a 40% export duty on the staple vegetable from Saturday. They feel the centre’s move to impose export duty on onions till December 31, 2023 will adversely […]