By Manojh Vayalar This May series Nifty futures started with a premium of 70-80 points for the current month. For the Nifty futures, FII maintained around 60% short positions, lesser than last month’s series, which is now currently down to around 52% short. The index has been witnessing a long buildup rally since the start […]
Management churn at Shoppers Stop leaves investors jitteryManagement churn at Shoppers Stop leaves investors jittery
Shoppers Stop, the country’s oldest department store chain, saw its stock price tank over 12% on Friday on the Bombay Stock Exchange, after news emerged of the resignation of MD & CEO Venu Nair from the company. While the retailer has elevated Homestop head Kavindra Mishra as its new MD & CEO, effective September 1, […]
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 […]
Remembering Rakesh Jhunjhunwala: Big bull’s legacy continuesRemembering Rakesh Jhunjhunwala: Big bull’s legacy continues
One of the most successful investors in India, Rakesh Jhunjhunwala left the world on August 14, 2022, at the age of 62. Today is his first death anniversary. However, his legacy lives and will endure for generations to come. Jhunjhunwala, often referred as the ‘big bull’ of Dalal Street, began investing in 1985 with a […]
Jefferies sees 2% downside potential for Zydus; puts ‘Hold’ rating with target price of Rs 630Jefferies sees 2% downside potential for Zydus; puts ‘Hold’ rating with target price of Rs 630
Jefferies has put a ‘Hold’ rating on Zydus Lifesciences with a target price of Rs 630 after the company received approval for Clindamycin Phosphate Gel USP from the United States Food and Drug Administration (USFDA). Jefferies evaluated the 2% downside potential of the company and said that, “We value Zydus Lifesciences’ core business at 23x […]
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 […]
Stocks to watch: Maruti Suzuki India, Adani Enterprises, Hero MotoCorp, Tata SteelStocks to watch: Maruti Suzuki India, Adani Enterprises, Hero MotoCorp, Tata Steel
Stocks in Focus: GIFT Nifty traded at 19,619.50, marginally up 0.10%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex. On Monday, the NSE Nifty 50 fell 0.72% to settle at 19,512.35, while the BSE Sensex tanked 483.24 points to 65,512.39. “Nifty declined as investors shifted to a risk-off mode due […]
Gold Price: MCX gold ascends on US Dollar’s retreat; support is seen at Rs 57310-56950, resistance at Rs 57840-58050Gold Price: MCX gold ascends on US Dollar’s retreat; support is seen at Rs 57310-56950, resistance at Rs 57840-58050
Gold Price Today, Gold Price Outlook, Gold Price Forecast: MCX gold prices ascended on Wednesday, while Silver rates also rose 0.18%. On the Multi Commodity Exchange, gold October futures were trading at Rs 57670 per gram, up Rs 41, or 0.07%. Silver December futures were trading down Rs 121 at 69039 per kg on the […]
Demat accounts grow 26% to 12.7 crore in AugustDemat accounts grow 26% to 12.7 crore in August
The number of demat accounts rose to 12.7 crore in August 2023, a surge of 26 per cent on a yearly basis, primarily due to attractive returns from equity markets, and ease of account opening process.Also, the incremental additions of such accounts were higher in August in comparison to the preceding month. Further, this was […]
Closing Bell: Markets end in green after ranged trade, Nifty closes above 20100 and Sensex ends at 67500; Banks, realty and metals clock steady gainsClosing Bell: Markets end in green after ranged trade, Nifty closes above 20100 and Sensex ends at 67500; Banks, realty and metals clock steady gains
It was a day of dramatic start and a rather quiet end on Dalal Street on the weekly expiry day and the market ended marginally in the green. The Nifty and the Sensex hit fresh all-time highs in early trade and then traded relatively choppy for the rest of the session. The Nifty 50 hit […]