Indian shares fell 1% on Wednesday in their worst day in two months, led by Reliance Industries and HDFC Bank, whose warning about its asset quality ratios also weighed on other financials.The Nifty 50 closed 1.2% lower at 19,901.4 points, while the S&P BSE Sensex closed 1.2% down to 66,800.84 points. The benchmarks have fallen […]
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Rupee caught between further rise in US yields, yuan recoveryRupee caught between further rise in US yields, yuan recovery
The Indian rupee is likely to open little changed on Tuesday on the back of a recovery in the Chinese yuan and other Asian currencies despite a further rise in U.S. yields. Non-deliverable forwards indicate rupee will open near Monday’s level of 83.1075. “The RBI (Reserve Bank of India) is averse to it (the USD/INR) […]
FPI buying in Indian shares slows to four-month low in AugustFPI buying in Indian shares slows to four-month low in August
Foreign portfolio investor (FPIs) inflows in Indian equities were at a four-month low of 122.62 billion rupees ($1.48 billion) in August, even as purchases rose in the second half of the month, data from the National Securities Depository Ltd (NSDL) showed. FPIs bought shares worth 115.25 billion rupees on a net basis in the second […]
India Blockchain Forum launches Web3.0 ecosystem directory India Blockchain Forum launches Web3.0 ecosystem directory
According to an official release, India Blockchain Forum (IBF), a blockchain platform, announced the launch of the Web3.0 ecosystem directory. This is expected to improve collaboration within the Web3.0 landscape, fostering connectivity, innovation, and growth. “I urge upon startups, builders and entrepreneurs to join us in our plan of sculpting India into a blockchain powerhouse,” […]
Accenture: Cautious outlook for FY24; clients focusing on cost reduction, limited discretionary demandAccenture: Cautious outlook for FY24; clients focusing on cost reduction, limited discretionary demand
By Nomura Accenture (ACN) reported Q4FY2023 revenue of $15.99 billion, showing a 4% y-o-y growth in constant currency (cc) terms. This performance falls within the midpoint of the company’s guidance range, which projected a y-o-y growth of 2%-6% for Q4. However, the consulting revenue exhibited weakness, experiencing a 2% y-o-y decline in CC terms. On […]
CSK vs GT IPL 2023 Final: Mood swings of rain god & Motera craze | In PicsCSK vs GT IPL 2023 Final: Mood swings of rain god & Motera craze | In Pics
1/13 The Indian Premier League 2023, cricket’s grandest T20 extravaganza, has reached its peak resonance. With thrilling matches and surprises galore, IPL 2023 has captivated fans worldwide. In the second qualifier round, Gujarat Titans emerged victorious against Mumbai Indians, setting the stage for the highly anticipated grand finale. All eyes are now fixed on the […]
Refining margins of OMCs seen strong, amid concerns over losses from fuel salesRefining margins of OMCs seen strong, amid concerns over losses from fuel sales
The gross refining margins for downstream oil marketing companies are expected to be positive and set for a “multi-year bullish trend” due to steady demand growth and higher investment in secondary processing by the refiners, ICICI Securities said in a report on Friday. The assessment comes amidst renewed concerns about marketing margins in these companies […]
FII, DII data: FPIs offloaded shares worth Rs 3245 cr, DIIs sold shares worth Rs 247 cr on September 6, WednesdayFII, DII data: FPIs offloaded shares worth Rs 3245 cr, DIIs sold shares worth Rs 247 cr on September 6, Wednesday
Foreign institutional investors (FII) offloaded shares worth net Rs 3245.86 crore, while domestic institutional investors (DII) sold shares worth net Rs 247.46 crore on September 6, 2023, according to the provisional data available on the NSE. For the month till September 6, 2023, FIIs sold shares worth net Rs 7,850.70 crore while DIIs bought shares […]
Sentiments turn positive for the US dollar; pound, euro tankSentiments turn positive for the US dollar; pound, euro tank
By Dilip Parmar The Indian rupee registered the biggest weekly decline in two-month following a rebound in the greenback against major currencies. A gauge of the dollar set its best weekly return since February as Treasury yields rose amid an uptick in bets that the Federal Reserve will step up its battle against inflation. This […]
Karnataka: BJP plans state-wide protests over arrest of right-wing activist in 1992 riots caseKarnataka: BJP plans state-wide protests over arrest of right-wing activist in 1992 riots case
The Karnataka unit of the Bharatiya Janata Party is set to hit the streets on Wednesday in protest against the arrest of Hindu activist Srikanth Poojary in a 31-year-old case. Poojari was arrested by the Karnataka Police in Hubbali on Friday in connection with a case linked to the 1992 riots ahead of the Babri […]