By VK Sharma The Nifty has done well to close with a gain of 0.94% last week at 24,131. While the gains may not look that astounding considering the clean sweep by the NDA in Maharashtra, what is credible is that it has closed above an important trendline. This trendline number 32 was drawn by
Foreign direct investment in India rose by 45 per cent year-on-year to USD 29.79 billion in April-September this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at USD 20.5 billion in April-September 2023-24. In the July-September quarter, the inflows grew by about 43 per cent
The combined market valuation of nine of the top-10 most valued firms surged by Rs 2,29,589.86 crore last week, driven by a rally in benchmark indices. Life Insurance Corporation of India (LIC) emerged as the biggest gainer, with its valuation jumping by Rs 60,656.72 crore to reach Rs 6,23,202.02 crore. HDFC Bank added Rs 39,513.97
Foreign investors pulled out Rs 21,612 crore (USD 2.56 billion) from the domestic equity market in November. The outflow has been attributed majorly to rising US bond yields, strengthening US dollar and expectation of a slowdown in the domestic economy. The trend of net outflow continues for second straight month. FPIs recorded a massive withdrawal
Jet fuel or Aviation Tribune Fuel (ATF) price was increased by Rs 1,318.12 per kilolitre(kl) or 1.45 per cent to Rs 91,856.84 per kl in Delhi on Sunday. The rate of commercial LPG used in hotels and restaurants increased by Rs 16.5 per 19 kg cylinder during the monthly revision aligned with international oil price
Trading sentiment in India’s equity market this week is expected to be shaped by global trends, foreign fund movements, macroeconomic data, and the Reserve Bank of India’s (RBI) upcoming interest rate decision, analysts have said. Key data releases, including monthly auto sales figures, are also likely to influence investor decisions. Also ReadWhy are Markets falling?
Foreign portfolio investors (FPIs) turned net sellers of government securities under the fully accessible route (FAR) for the first time in November since their inclusion into the JPMorgan emerging market index. FPIs outflows were primarily driven by volatility in the rupee, narrowing interest rate differential between the US treasury yields and the yield on the
Enviro Infra Engineering listed at Rs 220 on the National Stock Exchange, a premium of 48.6% to the issue price. It got listed on BSE at Rs 218, a premium of 47.2%. Enviro Infra Engineers IPO GMP The stock of Enviro Infra Engineers IPO was attracting a premium of a bit over 35% in the
The Q3 results season is underway in full swing and a host of important numbers will be announced today. All eyes are on the Infosys Q3 results for better clarity on the demand situation across the IT sector. RIL results are important as the street is watching out for potemtial announcement with regards to the
Gold and silver prices are something many people keep an eye on, whether they’re buying jewelry, investing, or just curious about market trends. In India, these prices tend to change daily and are influenced by factors like global market movements, the strength of the rupee against the dollar, and demand during festivals and wedding seasons.
The GIFT Nifty indicates that the BSE Sensex and NSE Nifty 50 are likely to open higher on Thursday, January 16. Indian equity markets wrapped up the January 15 trading session on a positive note, showcasing steady gains. The BSE Sensex climbed 0.29% to close at 76,724.08, while the NSE Nifty 50 edged up by
A global equities gauge rallied on Wednesday while U.S. Treasury yields fell after data showed core U.S. inflation rose less than expected in December, raising hopes that the Federal Reserve could ease rates further. Oil prices rallied with support from a large draw in U.S. crude stockpiles and potential supply disruptions from new U.S. sanctions
Department store chain Shoppers Stop on Wednesday said that it was at the end of its store closure cycle that had been initiated over the last few months to improve profitability. In an earnings’ call on Wednesday, which came a day after it reported a 41% rise in Q3FY25 net profit and 11% rise in
