The rupee recovered from its all-time low levels and appreciated by 10 paise to 83.13 against the US dollar in early trade on Friday, tracking a positive trend in domestic equities. Forex traders said the rupee is trading in a narrow range as firm crude oil prices and the strength of the American currency in […]
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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 […]
Rishabh Instruments IPO opens for subscription, GMP rises; should you subscribe to the public issue?Rishabh Instruments IPO opens for subscription, GMP rises; should you subscribe to the public issue?
Rishabh Instruments IPO: Rishabh Instrument IPO opened for public subscription on Wednesday, August 30, and will close on Friday, September 1. The company collected Rs 147.23 Crore from the Anchor investors ahead of the public issue. The price band for its public issue at Rs 418-441 per equity share of face value Rs 10 each. […]
Sebi slaps Rs 20 lakh fine on SIMR for flouting regulatory normsSebi slaps Rs 20 lakh fine on SIMR for flouting regulatory norms
Capital markets regulator Sebi has levied a fine of Rs 20 lakh on Star India Market Research for allegedly flouting regulatory norms. Star India Market Research (SIMR) is a Sebi-registered investment adviser. In its 52-page order on Wednesday, Sebi found that SIMR charged arbitrary fees from clients, sold multiple products in a short span to […]
The stability and benefit of investing in Digital GoldThe stability and benefit of investing in Digital Gold
By Mahendra Luniya Gold has been a part of portfolios for long times. It has proven to be a hedge against inflation and has helped in difficult times. Now the world is witnessing a shift in the way investors invest in gold. The shift is towards digital gold, an easier and more transparent way of […]
Tata Steel: What’s the brokerage view after it announced plans to invest in UK’s Port Talbot plant?Tata Steel: What’s the brokerage view after it announced plans to invest in UK’s Port Talbot plant?
Tata Steel has announced a plan to invest in a 3mtpa EAF based steel capacity at Port Talbot in the UK. The project will cost £1.25 billion ($1.55bn). Of this the Tata Steel will invest £750 million and UK government will provide £500 million support. Jefferies: Jefferies has a Buy rating on the stock after […]
Nifty above 19700 can negate bearish patterns, could target 20k; buy these stocks to pocket short-term gainsNifty above 19700 can negate bearish patterns, could target 20k; buy these stocks to pocket short-term gains
By Nagaraj Shetti After showing weakness amidst range movement on Tuesday, the Nifty witnessed sharp upside recovery from the intraday lows on Wednesday and closed the day higher by 61 points. A reasonable positive candle was formed on the daily chart with a long lower shadow. Technically this pattern indicates a formation of bullish hammer […]
Bond yields seen rising as jump in US peers, local inflation hurtBond yields seen rising as jump in US peers, local inflation hurt
The government bond yields are expected to rise sharply in the early session on Thursday, tracking the U.S. peers, while local inflation jumped the most in 15 months. The benchmark 7.26% 2033 bond yield is likely to be in the 7.23-7.27% range after ending the previous session at 7.2034%, a trader with a primary dealership […]
LSE listing for Indian firms soonLSE listing for Indian firms soon
The government will explore direct overseas listing of Indian firms on the London Stock Exchange (LSE) only after a plan for overseas listing of domestic firms in the GIFT International Financial Services Centre (IFSC) in Gujarat is implemented, finance minister Nirmala Sitharaman said on Monday. The minister’s comments came during the meet with the UK […]
India’s December manufacturing PMI at 18-month low of 54.9 vs 56.0 in NovemberIndia’s December manufacturing PMI at 18-month low of 54.9 vs 56.0 in November
India’s manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, was recorded at an 18-month low of 54.9 in December as against 56.0 in November. Despite the fall, the HSBC India Manufacturing PMI was indicative of a marked improvement in the health of the sector. “The HSBC India Manufacturing PMI survey, conducted by S&P Global, […]