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,…
Markets saw profit bookings during today’s trade, closing its lows after a major short cover rally during the last two trading sessions. Both the Nifty and the Bank Nifty index closed 2 0.2% lower. Reliance Industries was one of the best performers, contributing to the majority of the Nifty’s losses, closing 3 1.3% after the…
Markets saw the biggest short cover in today’s trade as the weekly code call custom writers ran for the cover. The Nifty Bank surpassed the Nifty index by 0.5%, with both indices ending intraday highs at 25 1.25% / 0.75% respectively. Midcap shares such as Arvind Fashion (Hisar) ended with a gain of% 15% -20%….
Asian stocks stumbled on Wednesday, leaving early gains and investors worried that the fast-spreading coronavirus variant could hamper global economic recovery as the dollar remained stable. But European stock markets were set to open slightly higher following a sharp fall earlier in the week, ahead of a European Central Bank meeting on Thursday, which is…
As it is another day, Talal continues to take control of the street and continues to lose selling pressure on weak global notes and financial stocks. With the exception of FMCG and IT, most major sector indices today are traded with finance, metals, and realty. Moreover, another reason for the fall in the market is…
The SGX Nifty is at 15,721.20, down 40.10 points. The Nifty has seen its worst fall in more than 2 months as weak global notes, the strong US and foreign investor ETF selling have exacerbated the weakness. Bank Nifty was the main culprit as HDFC, IndusInd, and Axis Bank fell 2% after seeing selling pressure….
