Indian government bond yields inched lower on Monday as investors remained positive after JPMorgan last week included India in its emerging market debt index. The 10-year benchmark 7.18% 2033 bond yield was at 7.1281% as of 10:00 a.m. IST on Monday, after ending at 7.1570% in the previous session. “The sharp reversal in yields on […]
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Global Markets: Stocks fall with Apple, dollar rises after US dataGlobal Markets: Stocks fall with Apple, dollar rises after US data
Global stock indexes were mostly lower on Thursday, with the S&P 500 and Nasdaq falling with shares of Apple, and the U.S. dollar advanced after weaker-than-expected U.S. jobless claims data. Initial claims for state unemployment benefits fell unexpectedly to 216,000 in the week ended Sept. 2 from a revised 229,000 the week before. The latest […]
Oil trades flat as supply concerns offset worries over demandOil trades flat as supply concerns offset worries over demand
Oil prices traded flat on Tuesday as worries that further possible U.S. interest rate hikes could pull down demand were countered by concerns a tropical storm off the U.S. Gulf Coast may impact supply. Brent crude was flat at $84.42 a barrel by 0335 GMT, while U.S. West Texas Intermediate crude shed 2 cents to […]
Bank Nifty could top 45,400, Nifty targets 19,400; current levels may warrant some consolidationBank Nifty could top 45,400, Nifty targets 19,400; current levels may warrant some consolidation
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 […]
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 […]