By Ajit Mishra Markets have been inching higher, after reclaiming the record high after seven months. The recent leg was almost vertical, thanks to rotational participation across sectors and supportive global markets. The highlight was the alignment of the banking index, which had been underperforming for the last several weeks. Besides, the broader indices too […]
Category: 上海龙凤419
Oil prices rise on supply deficit concernsOil prices rise on supply deficit concerns
Oil prices rose on Tuesday for the fourth consecutive session, as weak shale output in the U.S. spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia. U.S. West Texas Intermediate crude futures rose 99 cents, or 1.1%, to $92.47, by 0400 GMT, while global oil benchmark Brent […]
Windfall tax on crude oil, diesel hikedWindfall tax on crude oil, diesel hiked
The government has hiked the windfall profit tax on crude oil produced in the country and on export of diesel, while bringing back the levy on overseas shipments of ATF. The tax, levied in the form of special additional excise duty, on domestically produced crude oil has been raised to Rs 7,100 per tonne from […]
India-focused funds get $3.2-bn net inflows in June quarterIndia-focused funds get $3.2-bn net inflows in June quarter
India-focused offshore funds and ETFs (exchange-traded funds) recorded the fourth straight quarter of net inflows in the April-June 2023 period, according to the Morningstar Offshore Fund Spy report.Before the September 2022 quarter, these funds had seen 17 consecutive quarters of net outflows. An offshore India fund is one that is not domiciled in India but […]
Nifty may rise to 20050 if index tops 19850; Indus Towers, Godfrey Phillips among top stocks to buyNifty may rise to 20050 if index tops 19850; Indus Towers, Godfrey Phillips among top stocks to buy
By Nagaraj Shetti After showing weakness in the last few sessions, Nifty shifted into an upside bounce with volatility on Wednesday and closed the day higher by 97 points. The market was not able to sustain above the hurdle of 19800 levels and moved into a consolidation in the mid to later part of the […]
What does 2023 have in store for retail investors: opportunities and challenges for Indian investorsWhat does 2023 have in store for retail investors: opportunities and challenges for Indian investors
By Sidhavelayutham M It’s been a wild ride for financial markets in 2023, especially for retail investing, non-professional individual investors, which soared high in 2020 and 2021. According to data from the NSE, the retail shareholding in Indian companies clocked a near 15-year high in June 2022 and post-rate hike, retail shareholding is still holding up […]
Gold shows resilience amid market volatility, falling US Treasury yields likely to increase investment demandGold shows resilience amid market volatility, falling US Treasury yields likely to increase investment demand
By Bhavik Patel The market was watching for the US PCE (Personal consumption expenditure) index for July 2023 which contains the most current data on inflation and the preferred measuring benchmark by the Federal Reserve. The data shows that inflation although has subsided but continues to remain persistent. The US savings rate fell by 3.5% […]
Wall Street eyes muted open ahead of key economic dataWall Street eyes muted open ahead of key economic data
Wall Street’s main indexes were set to open subdued on Tuesday as investors refrained from placing big bets ahead of key economic data this week, including job openings figures due later in the day that will provide further clues on the state of the economy.Multiple sets of economic data are scheduled to be released this […]
Users lost $300 million in crypto scam 2023: Scam SnifferUsers lost $300 million in crypto scam 2023: Scam Sniffer
According to Cointelegraph, over 324,000 crypto users experienced phishing scams in 2023, with around $295 million in digital assets lost to crypto scammers. Sources revealed that “2023 Wallet Drainers Report,” by Scam Sniffer, a blockchain security platform, had analysed the trends surrounding drainers used in crypto phishing scams. The platform is expected to have mentioned […]
Delhi excise policy case: Arvind Kejriwal skips third Enforcement Directorate summonsDelhi excise policy case: Arvind Kejriwal skips third Enforcement Directorate summons
Delhi Chief Minister has once again decided to skip the Enforcement Directorate (ED) summons for questioning in connection with the Delhi excise case. The Aam Aadmi Party (AAP) chief was asked to appear before the agency on January 3. The party asserted that Kejriwal was ready to cooperate with the agency but claimed that the […]