Indian markets made a strong comeback on Tuesday a day after the Israel-Gaza conflict resulted in panic selling that wiped out about Rs 3.68 trillion of investor wealth. The benchmark indices bounced back following the rally in global markets after the dollar and treasury yields dipped on the back of dovish comments by the US […]
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Oil ticks higher after China moves to support flagging economyOil ticks higher after China moves to support flagging economy
Oil prices ticked higher on Monday, along with equity markets, after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen fuel demand. Brent crude rose 22 cents, or 0.3%, to $84.70 a barrel by 0049 GMT […]
China stocks fall to 9-month low amid weaker-than-expected policiesChina stocks fall to 9-month low amid weaker-than-expected policies
China stocks fell to around nine-month lows on Monday as investors were disappointed by milder-than-expected measures by authorities to boost confidence in the economy, with sluggish recovery and property woes keeping sentiment fragile. – China’s blue-chip CSI 300 Index was down 1.4% at the close, while the Shanghai Composite Index lost 1.2%. Both the CSI […]
Israel set to defend against ‘genocide’ charges at UN court – A detailed reportIsrael set to defend against ‘genocide’ charges at UN court – A detailed report
Israel is set to defend itself at the International Court of Justice against charges brought by South Africa. The latter has accused Israel of engaging in genocide against Palestinians in Gaza. This rare engagement with the UN body reflects Israel’s concern over potential damage to its reputation. South Africa’s case at the International Court of […]
IPL 2023: From ‘Gambhir’ gesture to ‘Virat’ shot, King Kohli’s myriads of mood in cricket battleground | In PicsIPL 2023: From ‘Gambhir’ gesture to ‘Virat’ shot, King Kohli’s myriads of mood in cricket battleground | In Pics
1/9 Lucknow Super Giants mentor Gautam Gambhir, center, congratulates Royal Challengers Bangalore’s Virat Kohli ,right, and Faf Du Plessis after RCB won the IPL match in Lucknow. (Photo: AP) 2/9 Royal Challengers Bangalore player Virat Kohli speaks with the umpire during the IPL 2023 cricket match between Lucknow Super Giants and Royal Challengers Bangalore at […]
Rupee to appreciate on softening crude prices, DXY to face hurdles near 102.5 level; US debt ceiling eyedRupee to appreciate on softening crude prices, DXY to face hurdles near 102.5 level; US debt ceiling eyed
By Raj Deepak Singh Rupee depreciated last week amid a bounce in the dollar and weak global market sentiments. Market sentiments were hurt on concern over the health of regional banks in the US, economic slowdown in China and uncertainty over US debt ceiling. The US Dollar gained this week despite the ease in inflation […]
USDINR resistance placed at 83.10, support at 82.30; All eyes on FOMC meeting minutesUSDINR resistance placed at 83.10, support at 82.30; All eyes on FOMC meeting minutes
By Dilip Parmar The Indian rupee ended the previous week on a sour note following a rebound in the greenback and weaker Chinese currencies. The local unit marked the second weekly decline in a row to settle at 82.77, the weakest closing since February 2023. Even after strong foreign fund inflows, the rupee tumbled post […]
Rating: Hold; Dmart: More expansion plans in storeRating: Hold; Dmart: More expansion plans in store
In Q2, Avenue Supermarts or D-Mart reported Ebitda figures that fell below both our and consensus estimates, primarily due to lower gross margins and increased staff costs. The general merchandise and apparel mix remained subdued, which contributed to the downward pressure on gross margins. There are concerns about whether this mix deterioration is a cyclical […]
Share Market outlook: Nifty 50 might see upside bounce, Bank Nifty may consolidate; check support, resistanceShare Market outlook: Nifty 50 might see upside bounce, Bank Nifty may consolidate; check support, resistance
The GIFT Nifty was flat during Wednesday’s early trading session, down by 0.5 points at 19,474, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex. On Tuesday, the equity benchmarks were closed on account of Independence Day. Prior to that, on Monday, Nifty 50 and Sensex closed flat. Nifty 50 gained […]
Metals shine as index climbs to 17-month high; Chinese stimulus seen aiding property sector, commodity pricesMetals shine as index climbs to 17-month high; Chinese stimulus seen aiding property sector, commodity prices
Shares of metal companies and manufacturers are shining, with the BSE Metals index at a 17-month high. On Monday, the index rose 613.92 points or 2.72% — the biggest gainer among sectoral indices — to 23,156.06. The previous high was 23,595.15 on April 11, 2022. It has comfortably outperformed the benchmark Sensex, gaining 7% over […]