By Anand James Given the extremely tight trading ranges, for an extended period, we had maintained through the last fortnight that Bank Nifty would set the stage for broad market moves. Lastly, we had a U-turn from our severe bearish expectations for Bank Nifty, and reserved such bias until 50 DMA was broken, as it […]
Month: April 2024
Explained: New rules for foreign portfolio investors – SEBI’s move to slice through corporate layersExplained: New rules for foreign portfolio investors – SEBI’s move to slice through corporate layers
By Rashi Dhir and Trisha Shreyashi The Securities & Exchange Board of India (SEBI) recently issued a circular amending the Foreign Portfolio Investors (FPI) Rules, in terms of additional granular disclosures to lift the veil off the Ultimate Beneficial Owners (UBO). The entities have only 90 days to comply with the mandates, which will be […]
Crude oil price may reach $97 a barrel by year-end, says Goldman Sachs; MCX crude resistance near Rs 6000-6100Crude oil price may reach $97 a barrel by year-end, says Goldman Sachs; MCX crude resistance near Rs 6000-6100
By Bhavik Patel Oil price is set for a second consecutive weekly gain thanks to the support from OPEC+ where Saudi Arabia agreed to extend their voluntary cut of 1 million bpd while Russia also committed to cut its production by 5,00,000 bpd. The two measures would take 1.5 million bpd off the market in […]
Nifty set to hover around key support level of 19500? See GIFT Nifty, FII data, F&O ban, crude, more before market opensNifty set to hover around key support level of 19500? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded flat at 19,614, marginally up 0.07%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously on Monday, the NSE Nifty 50 fell 0.72% to settle at 19,512.35, while the BSE Sensex tanked 483.24 points to 65,512.39. “An unforeseen escalation in the Middle East has rekindled […]
Balasore triple train crash: Indian Railways resumes passenger train services – See PhotosBalasore triple train crash: Indian Railways resumes passenger train services – See Photos
1/9 Indian Railways has commenced the operation of passenger trains on the tracks in Odisha’s Bahanaga Bazar railway station. The tracks suffered severely damaged due to the triple train accident. (Reuters Photo) 2/9 A train arrives at the Bahanaga Bazar station as a railway employee shows a green flag, near the site of a train […]
Oil above $90 per barrel, experts see scope for another 10% gainsOil above $90 per barrel, experts see scope for another 10% gains
Crude prices rallied to $90 per barrel, the highest in 2023, following the announcement of an extended production cut by Saudi Arabia and Russia. WTI crude has seen a year-to-date gain of 10.36%, while ICE Brent Crude has risen 9.66% YTD. The extension of the voluntary oil production cut by Russia and Saudi Arabia resulted […]
Dollar plunges as US inflation cools-off; rupee sees volatility but remains range-bound on equity inflows, RBI buyingDollar plunges as US inflation cools-off; rupee sees volatility but remains range-bound on equity inflows, RBI buying
By Gaurang Somaiya Rupee remained a bit choppy this week and volatility remained elevated after the release of inflation numbers on the domestic as well as global front. There has been quite a bit of see-saw that has been seen in the market and that is led by a couple of important events that unfolded […]
Vivo X90 Pro: 10 things to know before you buyVivo X90 Pro: 10 things to know before you buy
1/10 Vivo’s X90 Pro is a top-shelf Android phone with powerful hardware including MediaTek’s Dimensity 9200 and 120W fast charging. But its main USP is its true 1-inch-type Sony IMX989 sensor, making the X90 Pro a photography powerhouse. 2/10 The X90 Pro has a back made of vegan leather. The textured panel is not only […]
Global Markets: Asia stocks at 10-month low as traders brace for BOJGlobal Markets: Asia stocks at 10-month low as traders brace for BOJ
Stocks and bonds were under pressure on Friday as investors hunkered down for U.S. interest rates to stay higher for longer, while waiting to see whether the Bank of Japan might cap a busy week by charting a course out of its ultra-easy monetary policy. No policy change is expected in Japan but with inflation […]
InsuranceDekho raises USD 60 million in Series B funding round at USD 700-750 million valuationInsuranceDekho raises USD 60 million in Series B funding round at USD 700-750 million valuation
Insurtech player InsuranceDekho has raised USD 60 million in its ongoing Series B funding round at around USD 700-750 million valuation. Japanese lender Mitsubishi UFJ Financial Group (MUFG), French insurer BNP Paribas Cardif, through its insurtech fund managed by European investment major Eurazeo, India– focused Beams Fintech Fund and Yogesh Mahansaria Family Office have participated […]