By Dilip Parmar The Indian rupee edges lower after two weeks of gain following weaker Asian currencies and dollar demand from the importers. However, the foreign fund remained the net buyer in the week gone. They bought $321.6 million in equities and $41.8 million in debts. Spot USDINR gained 16 paise or 0.19% to 82.4625 […]
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NSE Bulk Deals, August 16: Indiabulls Hsg Fin, Pennar Industries, other major deals took place on WednesdayNSE Bulk Deals, August 16: Indiabulls Hsg Fin, Pennar Industries, other major deals took place on Wednesday
On Wednesday, domestic indices ended 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 soared […]
Ant Group sells 3.6% stake in Paytm for Rs 2,037 croreAnt Group sells 3.6% stake in Paytm for Rs 2,037 crore
A subsidiary of Chinese fintech giant Ant Group on Friday sold a 3.6 per cent stake in Paytm for Rs 2,037 crore through open market transactions. The shares of Paytm’s parent One97 Communications was sold by Antfin (Netherlands) Holding BV. Antfin offloaded a total of 2,27,54,823 shares in 14 tranches, amounting to a 3.58 per […]
OMCs seen to make marketing losses in H2 on costlier crudeOMCs seen to make marketing losses in H2 on costlier crude
Even though crude oil prices have moderated at $90 a barrel from its highest of $97 a few days back, analysts see prices to remain elevated till the year end which is likely to cause losses to the oil marketing companies (OMCs) from sale of auto fuels in the second half of the current fiscal. […]
India’s inclusion into GBI-EM Global Index expected to drive flows, lower borrowing costs and fuel capexIndia’s inclusion into GBI-EM Global Index expected to drive flows, lower borrowing costs and fuel capex
JP Morgan Chase has incorporated Indian government bonds (IGBs) and government securities (G-Secs) into its emerging markets bond index, GBI-EM Global Index beginning June 2024. This move is expected to attract more foreign investment into the Indian market. The inclusion process will be phased in over 10 months spanning from June 28, 2024, to March […]
Gold Price: MCX gold surges as Israel-Hamas conflict spark interest for safe haven betsGold Price: MCX gold surges as Israel-Hamas conflict spark interest for safe haven bets
Gold Price Today, Gold Price Outlook, Gold Price Forecast: MCX gold prices ascended on Tuesday, while Silver rates slipped 0.37%. On the Multi Commodity Exchange, gold October futures were trading at Rs 57695 per gram, up Rs 123, or 0.21%. Silver December futures were trading down Rs 254 at 68840 per kg on the MCX. […]
Gold Price: MCX gold slips marginally; support seen at Rs 59020-58840, resistance at Rs 59450-59610Gold Price: MCX gold slips marginally; support seen at Rs 59020-58840, resistance at Rs 59450-59610
Gold Price Today, Gold Price Outlook, Gold Price Forcast: MCX Gold prices slipped marginally on Wednesday, while silver rates ascended 0.13%. On the Multi Commodity Exchange, gold October futures were trading at Rs 59,206 per 10 grams, down by Rs 37 or 0.06%. Silver December futures were trading up by Rs 96 at Rs 73, […]
RBI maintains status quo, keeps key interest rates unchanged; Here’s how market respondedRBI maintains status quo, keeps key interest rates unchanged; Here’s how market responded
RBI Governor Shaktikanta Das announced its fourth bi-monthly monetary policy today in which he said that the central bank has decided to keep the repo rate unchanged at 6.50% and adopted a stance of ‘withdrawal of accommodation. The RBI governor said, “After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, […]
Infosys shares tank 4% following Q2 results; Should you buy, sell or hold the stock?Infosys shares tank 4% following Q2 results; Should you buy, sell or hold the stock?
Infosys share price tanked 4.46% to Rs 1,400 during the early trade on Friday, a day after the IT giant announced a 3.2% growth in its second-quarter net profit to Rs 6,212 crore year-on-year. The company’s revenue from operations in the July-September quarter jumped 7.5% year-on-year to Rs 11,963 crore from Rs 11,126 crore. The […]
Updater Services IPO subscribed 2.90 times on final day of subscriptionUpdater Services IPO subscribed 2.90 times on final day of subscription
The initial public offer of integrated facilities management company Updater Services was subscribed 2.90 times on the final day of subscription on Wednesday.The initial share sale got bids for 3,47,41,450 shares against 1,19,99,999 shares on offer, as per NSE data.The portion for qualified institutional buyers (QIBs) was subscribed 4.48 times while the quota for retail […]