ByDilip Parmar Indian rupee marked the first weekly gain in three following rallies in the domestic equities backed by foreign fund inflows. The fall in crude oil prices and the expectation of a normal monsoon rain may drag inflation lower in the coming months. The month-end dollar inflows, the central bank’s intervention and lower crude […]
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Overhaul on the cards for laws on plantationOverhaul on the cards for laws on plantation
After wrapping up stakeholder consultations, the department of commerce has begun inter-ministerial discussions on five Bills dealing with the plantation sector. The new legislation will will replace existing Acts governing tea, coffee, rubber, spices and tobacco. While Tea Act, 1953 is proposed to be replaced with the Tea (Promotion and Development) Act, Rubber Act,1947 will […]
L&T shares climb over 2%; reach 52-week high level in intra-day tradeL&T shares climb over 2%; reach 52-week high level in intra-day trade
Shares of Larsen & Toubro (L&T) climbed over 2 percent on Thursday after the company bagged several ‘large’ projects under its various business units. The stock of the engineering and construction conglomerate advanced 2.35 percent to settle at Rs 3,097.35 apiece on the BSE. During the day, it climbed 2.90 per cent to reach its […]
India diesel exports to Singapore set for highs in Aug, drop for EuropeIndia diesel exports to Singapore set for highs in Aug, drop for Europe
India’s diesel exports to Singapore are set to hit a 19-month high in August and exceed 330,000 metric tons, boosted by cheaper freight costs and low inventories in the Asian oil hub, traders and analysts said. The country’s exports of the fuel for August to Europe, on the other hand, are poised to fall to […]
Oil prices dip as high interest rate outlook outweighs tight supplyOil prices dip as high interest rate outlook outweighs tight supply
Oil prices slipped in early trade on Tuesday amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight. Brent crude futures were down 11 cents at $93.18 a barrel at 0055 GMT and U.S. West Texas Intermediate crude futures were […]
Nifty 50 is 4.5% above 50-DMA, downside marker at 18,150, Bank Nifty could move to 44,400; India VIX eyedNifty 50 is 4.5% above 50-DMA, downside marker at 18,150, Bank Nifty could move to 44,400; India VIX eyed
By Anand James Five more states in quick succession going into polls late this year, in addition to general elections in 2024 had made Karnataka a battle ground, which markets had also had been following, given how it responded last week, despite US CPI returning weak numbers. An anti incumbency wave was already priced last […]
Rupee falls 1 paisa to close at all-time low of 83.10 against US dollarRupee falls 1 paisa to close at all-time low of 83.10 against US dollar
The rupee edged lower by 1 paisa to settle at an all-time low of 83.10 (provisional) against the US dollar on Friday, weighed down by a negative trend in domestic equities and foreign fund outflows. Forex traders said the rupee is likely to trade with a negative bias on risk aversion in global markets and […]
Stocks To Watch: Wipro, Indigo, Tata Steel, Fortis HealthcareStocks To Watch: Wipro, Indigo, Tata Steel, Fortis Healthcare
Stocks in focus: GIFT Nifty traded down by 50 points, or 0.25%, at 19,678.5 during Tuesday’s early trading session, indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. The benchmark equity indices ended Monday’s trading session on a flat note. The NSE Nifty 50 ended at 19,674.55 up by 30 points, […]
Mcap of five of top 10 most valued firms decline by Rs 62,586 cr; TCS, Infosys biggest laggardsMcap of five of top 10 most valued firms decline by Rs 62,586 cr; TCS, Infosys biggest laggards
The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities. Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and the Nifty […]
SAT rejects appeals against Sebi’s interim order in Eros fund diversion caseSAT rejects appeals against Sebi’s interim order in Eros fund diversion case
The Securities Appellate Tribunal (SAT) on Tuesday rejected appeals of Eros International Media Ltd, its Managing Director Sunil Arjan Lulla and Chief Executive Officer Pradeep Kumar Dwivedi that challenged Sebi‘s order restraining them from the capital market in a fund diversion case. “We do not find any reason to interfere with the impugned order at […]