Friday saw a more than 3% decline in the price of Multi Commodity Exchange (MCX) shares, a day after the exchange called off the mock trading session for the new trading platform. The exchange is currently putting a new commodity derivative platform into place. According to a circular released by MCX on Thursday, “the exchange…
On Friday, Indian shares fell for the second consecutive day as a result of persistent profit-taking and a general decrease after the Reserve Bank of India hinted that tighter monetary conditions would linger. The benchmark S&P BSE Sensex dropped 0.35% to 62,625.6 while the blue-chip Nifty 50 closed 0.38% lower at 18,563.40. The benchmarks maintained…
In the midst of flat performance in domestic stocks on Tuesday, the rupee fluctuated within a small range before ending the day 2 paise higher at 82.82 (provisional). According to currency traders, the local currency’s significant advances were restrained by the strength of the U.S. dollar. A high of 82.76 and a low of 82.84…
The Indian equities markets achieved large gains and closed over 1% higher during a week of persistent volatility, buoyed by in-line profits, FII support, and a disregard for warning signs from international competitors. The Nifty50 increased 245.8 points or 1.36 percent to close at 18,314.8, and the BSE Sensex increased 973.61 points or 1.59 percent…
The rupee declined for the second consecutive day, losing 7 paise to 82.16 against the US dollar on Friday as investor confidence was dampened by a strong foreign dollar. However, dealers indicated that a rising trend in domestic equities and unabated foreign capital inflows helped to soften the decline. The rupee’s intraday high against the…
In the midst of a strong U.S. dollar abroad on Thursday, the rupee gave up all of its early gains to end the day 10 paise worse at 81.84 (provisional). The robust sentiment on the domestic stock market, according to forex traders, limited the rupee’s decline. The local unit started out at the interbank foreign…
The Reserve Bank of India’s decision to permit Indian companies to hedge their gold price risk on recognized exchanges in the International Financial Services Centre (IFSC) will increase liquidity in bullion derivatives traded on the NSE International Financial Service Center and the India International Exchange, both of which are promoted by the BSE. Additionally, the…
Indian Market lost away for the second straight period on Monday, uneasy that global growth would slow sharply in the middle of continued tightening by central banks. The Street also expects more raises in local interest rates with inflation remaining uneasily high. The benchmark indices Nifty 50 and BSE Sensex lost over 1%, dragged lower…
The market stretched gains for the third week ended June 3 after the corporate earnings season, supported by positive global cues and good updates on monsoon progress. In the coming week, the market is expected to continue its uptrend amid volatility and monetary policy meeting but anything negative on the global front could spoil the…
This week Nifty50 gained 113 points closed at 17,784. BSE Sensex up 170 points closed at 59,447. HDFC-HDFC Bank merger announcement, Fed’s interest rate hike, RBI Monetary policy makes the market highly volatile and the benchmark indices closed marginally higher in the first week of April. Small-cap Index: Top Gainers: Swan Energy, Shree Renuka Sugars,…
