Cooperatives NCCF and NAFED will start selling tomatoes at a reduced rate of Rs 40 per kilogram from August 20 amid declining price of the kitchen staple in wholesale and retail markets. Since last month, the National Cooperative Consumers’ Federation of India (NCCF) and National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) have been […]
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Rupee falls 3 paise to close at 83.23 against US dollarRupee falls 3 paise to close at 83.23 against US dollar
The rupee depreciated 3 paise to settle at 83.23 (provisional) against the US dollar on Wednesday, as a muted trend in domestic equities and sustained foreign fund outflows weighed on investor sentiments.Forex traders said the strength of the American currency in the overseas market further dented investor sentiments. At the interbank foreign exchange market, the […]
Hero MotoCorp foresees retail recoveryHero MotoCorp foresees retail recovery
Hero MotoCorp’s (HMCL) exceeded expectations in Q1FY24, with EBITDAM up 250bps y-o-y/ 70bps q-o-q at 13.8%, beating the consensus of 13.2%. Lower commodity costs, price hikes, and cost-saving measures led to ICE business margins returning to FY19 levels of 14.5%. Despite the growing EV market, HMCL aims to maintain strong margins of 14-16%, focusing on […]
Share Market Highlights: Nifty settles above 19810, Sensex over 66420; Bank Nifty adds over 180 pointsShare Market Highlights: Nifty settles above 19810, Sensex over 66420; Bank Nifty adds over 180 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark domestic indices ended Tuesday’s trading session in the positive territory.The NSE Nifty 50 gained 0.40% to settle at 19,811.50, while BSE Sensex added 261.16 or 0.39% to 66,428.09. Smallcap and Midcap stocks led the gains among the broader indices. The Bank Nifty index […]
Monsoon hits Delhi-NCR! People wake up to cooler temperatures, water-logged roads- See PhotosMonsoon hits Delhi-NCR! People wake up to cooler temperatures, water-logged roads- See Photos
1/9 Monsoon came and with it came a breeze of relief for the people of Delhi-NCR as they woke up to cooler temperatures. The heavy rainfall led to the India Meteorological Department (IMD) issuing an ‘orange’ alert for the city. The alert hints at the possibility of traffic and waterlogging in the city. Several parts of […]
FIIs remain net seller amidst rising US yields, dollar; flows expected to remain choppy in near-termFIIs remain net seller amidst rising US yields, dollar; flows expected to remain choppy in near-term
Foreign institutional investors (FII) offloaded shares worth net Rs 224.22 crore, while domestic institutional investors (DII) purchased shares worth net Rs 1,150.15 crore on September 8, 2023, according to the provisional data available on the NSE. “Even as domestic equity markets defied weak global cues to post solid gains last week, foreign institutional investors shunned […]
Reliance Industries 46th AGM: Street expects IPO announcements, Jio Financial Services outlook, moreReliance Industries 46th AGM: Street expects IPO announcements, Jio Financial Services outlook, more
The upcoming annual general meeting for India’s largest company by market capitalisation, Reliance Industries, will drive cues for domestic markets for the week. The street is expecting a variety of announcements, including updates on IPO timelines for their telecommunications and retail businesses, insights into the progress of the 5G rollout, and revelations about investments in […]
Oil prices stable as market awaits data on inventories, economyOil prices stable as market awaits data on inventories, economy
Brent crude futures hovered just above $90 a barrel on Tuesday, as investors awaited a slew of macroeconomic data due later this week that could indicate whether Europe and the U.S. continue to hike interest rates. The international benchmark Brent contract dipped 6 cents to $90.58 a barrel at 0003 GMT, while U.S. West Texas […]
Stocks To Watch: Vedanta, Paytm, HDFC Bank, IOC, ONGC, GAIL, Coffee Day Enterprises, L&T, Bharat ElectronicsStocks To Watch: Vedanta, Paytm, HDFC Bank, IOC, ONGC, GAIL, Coffee Day Enterprises, L&T, Bharat Electronics
Stocks in focus: GIFT Nifty traded 0.22% higher during Monday’s early trading session at 19,279, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex. The equity benchmarks closed in the red on Friday. Sensex tanked over 350 points to close at 64,886.51, while Nifty 50 slipped 0.62% to end trade at […]
Rupee falls 6 paise against US dollar amid rising crude pricesRupee falls 6 paise against US dollar amid rising crude prices
The rupee paused its two days of gains and settled 6 paise lower at 83.24 (provisional) against the US dollar on Thursday as rising crude oil prices dented the investor sentiment. Forex analysts said early gains in the domestic currency on the back of the weak dollar were reversed by the subdued domestic equity markets […]