By Gaurang Somaiya The recent decision made by Fed was expected, the Fed raised its rates by 25bps, while the ECB followed suit with a similar increase but a peak is now clearly in sight and the debate is set to shift to how long rates will need to be kept at current levels. Additionally, […]
Share Market Highlights: Nifty settles below 19800, Sensex below 66410; Bank Nifty adds 80 pointsShare Market Highlights: Nifty settles below 19800, Sensex below 66410; Bank Nifty adds 80 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark domestic indices ended Thursday’s trading in negative territory. The NSE Nifty 50 slipped 17.35 points or 0.09% to settle at 19,794, while the BSE Sensex shed 64.66 points to 66,408.39. Smallcap and Midcap stocks led gains among the broader indices, while Nifty 100 […]
Nifty to slip under 19500 or reverse trend? See GIFT Nifty, FII data, crude, more before market opensNifty to slip under 19500 or reverse trend? See GIFT Nifty, FII data, crude, more before market opens
GIFT Nifty traded up 0.15% at 19,659.5, during Friday’s early trading session, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex. On Thursdays, the market witnessed a sharp sell-off and benchmark domestic indices settled in red. The NSE Nifty 50 tumbled 192.90 points, or 0.98%, to settle at 19,523.55, while the […]
Nifty to undergo consolidation in 18500-18000 range; Bank Nifty near overbought zone, gained 12% in 7 weeksNifty to undergo consolidation in 18500-18000 range; Bank Nifty near overbought zone, gained 12% in 7 weeks
By Dharmesh Shah The equity benchmark endured its northbound journey despite muted global cues. The Nifty gained 1.4% to settle the week at 18315. Broader market performed in tandem with the benchmark as Nifty midcap, small cap gained ~1%, each. Sectorally, auto, financials, consumption remained at the forefront while metal, pharma, PSU bank relatively underperformed. […]
IDFC First Bank, Manappuram Finance, Oil India among 116 stocks that hit 52-week highs; 15 touch 52-week lowsIDFC First Bank, Manappuram Finance, Oil India among 116 stocks that hit 52-week highs; 15 touch 52-week lows
Benchmark indices NSE Nifty 50 and BSE Sensex were trading in the red zone on Thursday. The NSE Nifty 50 plunged 104.95 points or 0.54% to 19,360.05 and BSE Sensex tanked 357.58 points or 0.55% to 65,181.84. In sectoral indices, Bank Nifty plunged 0.23%, Nifty Auto fell 0.40%, Nifty IT tumbled 0.39%, Nifty FMCG tanked […]
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 […]
Hypertension patients beware! As temperature plummets, you are at high risk of getting heart attack and strokeHypertension patients beware! As temperature plummets, you are at high risk of getting heart attack and stroke
Winters are here and it is also the season of various seasonal illnesses. According to a recent American Heart Association (AHA) hypertension session, people with hypertension are likely to see an increase in blood pressure during the winter months. Researchers maintain that on average, systolic blood pressure (the top number of a blood pressure reading) […]
Zerodha valued at Rs 30,000 cr, not Rs 1-2 trillion, says CEO Nithin KamathZerodha valued at Rs 30,000 cr, not Rs 1-2 trillion, says CEO Nithin Kamath
In a move that goes against the grain of most founders, Nithin Kamath, co-founder and CEO, Zerodha said on Thursday that a reasonable valuation of the online discount brokerage firm would be Rs 30,000 crore — much less than the speculated Rs 1-2 trillion being thrown around by netizens. Taking to X (formerly Twitter) Kamath […]
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 […]
Federal Bank seeks nominal fee on certain UPI transactionsFederal Bank seeks nominal fee on certain UPI transactions
Banks are investing heavily in technology to enable a seamless user experience on Unified Payments Interface (UPI) products, and the Centre must consider levying a nominal fee on certain UPI transactions so that lenders can have some direct income from these low-ticket transactions, Federal Bank executive director Shalini Warrier told FE. “We are grateful for […]