FIIs sold IT stocks worth Rs 10,956 cr in early February, bringing holdings down to a 4-year low.
A major source of income for India’s software exporters, the demand for large-scale, human-led coding and IT support services may decline due to rapid advancements in generative artificial intelligence. This is why foreign institutional investors (FIIs) sold over Rs 10,956 crore worth of information technology stocks in the first half of February. Due to this…
Wholesale price inflation reached a ten-month high of 1.81% in January.
According to data released on Monday by the Ministry of Commerce and Industry, India’s wholesale price inflation increased to a 10-month high of 1.81% year-over-year in January, up from 0.83% in December. The price increases were mostly caused by increases in non-food and food articles, textiles, basic metals, and other manufactured goods. From -1.0% in…
Gold, Silver See Mild Recovery After Volatile Week!!!
After a week of intense volatility and heavy losses, gold and silver prices recorded a modest recovery during Asian trading on Friday, supported by bargain buying from investors. However, silver continued to lag behind and was on track to post a sharp weekly decline of around 14%, after losing most of its recent gains. Gold,…
China buys U.S. soybeans for political reasons: costs rise!!!
China is currently considering buying a large volume of soybeans from the United States. From an economic perspective, this is not a profitable decision for China. The reason is that soybeans from Brazil are much cheaper during this period. However, importing soybeans from the U.S. would result in higher costs for China. For example, if…
The rupee opens slightly lower at 90.52 as traders anticipate the RBI policy meeting.
As traders remained on the sidelines ahead of the Reserve Bank of India’s (RBI) monetary policy meeting, the Indian rupee began slightly lower at 90.5200 on February 5. This was after it had recovered from its record lows reached in the previous sessions, which were triggered by the US-India trade pact. As of right now,…
BHEL been awarded a BTG package order of Rs 1,200 crore for Hindalco’s Aditya Aluminium facility located in Odisha.
Hindalco Industries placed an order with Bharat Heavy Electrical (BHEL) for between Rs 1,200 and Rs 1,500 crore. The order victory is for the implementation of a two-unit, 150-megawatt BTG package at the state-owned company’s Aditya Aluminum factory in Lapanga, Sambalpur district, according to a BSE announcement. Under the contract, the BTG package will be…
Gold Prices Rise Above $5,000 on Iran Tensions
Rising tensions between the United States and Iran have boosted demand for safe-haven assets, pushing gold prices higher during Asian trading on Wednesday. After last week’s sharp decline of over $1,000, gold rebounded as investors continued buying at lower levels. Reports that the US shot down an Iranian drone in the Arabian Sea and that…
Mahindra & Mahindra gets an order with an Indonesian business for 35,000 Scorpio Pik-Up cars.
The Indonesian state-owned company Agrinas Pangan Nusantara has placed an order with Mahindra & Mahindra (M&M) for 35,000 of its light commercial vehicles, the Scorpio Pik Up. The automaker said in an exchange filing that the cars will be delivered in 2026 as part of a joint initiative in the nation in Southeast Asia. According…
Silver and gold feel secure at the moment. That’s precisely the danger.
Gold and silver are currently attracting significant investor attention due to high prices and fears surrounding inflation, geopolitics, and currency risks. However, this surge in interest is often a late-cycle behavior where assets perceived as safe become crowd-driven momentum trades, diminishing their protective qualities. Unlike income-generating investments, gold and silver’s value is contingent on future…
RBI’s foreign exchange reserves reach a record $709.4 billion.
According to figures issued by the central bank on Friday, the Reserve Bank of India’s (RBI) foreign exchange reserves reached a new high of $709.4 billion. In the week ending January 23, foreign currency assets increased by $2.37 billion, gold reserves increased by $5.6 billion, and the total FX reserves increased by $8.05 billion. The…
