Benchmark indices logged their worst day in nearly two months on Thursday as they slid 1.5% in a sudden crash after rising initially in the day. The renewed escalation in Russia-Ukraine war and concerns that the US Federal Reserve may not cut interest rates in its December meeting were the key factors weighing on investors.
The Securities and Exchange Board of India (SEBI) on Thursday announced the interoperability of stock exchanges to establish a system that addresses the consequences of any possible outage at one exchange. National Stock Exchange (NSE) and BSE would act as alternative trading venues for each other at the beginning as a part of this framework
HDFC Bank’s market capitalisation crossed the Rs 14 lakh crore mark for the first time in intra-day trades as the stock price of the largest private sector lender hit a record high on the BSE. Shares of India’s largest private bank rose as much as 1.13% to Rs 1,832.70 apiece. The stock has risen 19.68%
Honda is gearing up to launch the new third generation Amaze in India. The compact sedan was recently spied in its final production form and now it has been spied once again just a week ahead of its launch slated for December 4. A video showing a final production unit of the Amaze sans camouflage
The Employees State Insurance (ESI) Scheme plays a vital role in providing healthcare and social security benefits to workers across India. In response to a query raised in the Lok Sabha, the Ministry of Labour and Employment shared the latest updates on the scheme’s enrollment, improvements, and steps taken to enhance service delivery. As of
Iron ore production in the country rose 4.1 per cent to 158.4 million tonnes (MT) in the April-October period of the ongoing fiscal year, the government said on Thursday. As per provisional data, iron ore production was 152.1 MT in the year-ago period. Continued growth in production of iron ore in the current financial year
State-owned Oil and Natural Gas Corporation (ONGC) has made four more discoveries since it first made an oil field near Ashokenagar in West Bengal six years back but is still awaiting the state government’s nod for a petroleum mining lease to develop them, Oil Minister Hardeep Singh Puri said on Thursday. ONGC notified the first
Gold prices saw an increase on November 28, after the decline in the US inflation data released in the last trading session. Therefore, a rate cut can be expected by the Federal Reserve on this basis. Spot gold price was up by 0.4 per cent to $2,645.67 per ounce, Similarly US gold futures saw an
The Central Board of Direct Taxes (CBDT) has clarified that the principal purpose test (PPT) provisions, designed to prevent tax treaty abuse, will apply prospectively only to the double taxation avoidance agreements (DTAAs) that include a PPT clause. It also stated that the PPT will not affect any other treaty provisions that may deny its
Indian markets are gearing up for a positive start today, with early cues from Gift Nifty pointing toward an upbeat session. This optimism follows a strong close on March 19, where the Nifty comfortably crossed the 22,900 mark, ending 0.32% higher at 22,907.60, while the Sensex gained 0.20% to settle at 75,449.05. Key global and
The markets are poised at an interesting juncture. After the recent lows, one can see some buying emerging in select pockets based on stock value and the fundamentals. Nilesh Shah, managing director at Kotak Mahindra Asset Management Company says markets are at ‘fair value’. If you are keen to understand how you need to trade
Keeping track of every market move can be overwhelming, with companies announcing mergers, expansions, price hikes, and policy shifts almost daily. But we have got you covered. Here is a snapshot of the key stocks that will be in focus for today’s trading session. Market recap Indian stock markets ended on a positive note on
US stocks bounced on Wednesday after the US Federal Reserve left its key interest rate unchanged but hinted it would reduce borrowing costs by half a percentage point by the end of the year. Gold flipped positive, touching a record high, and US Treasury yields pared gains after the central bank lowered its economic outlook
