Benchmark equity indices are trading higher on Friday. The NSE Nifty 50 soared 0.78% to hit a fresh high of 20,291.55 during intra-day trade and is trading at 20,264.85, up 0.65%, while the BSE Sensex trades at 67,437.61, up 449.17 points. Midcap and Smallcap stocks are leading the gains among the broader indices. The Bank […]
Closing Bell: Indian Indices ended in green: Nifty closes above 19,750, Sensex over 65,950, IT stocks outperform
The benchmark equity indices ended Thursday’s trading session in the positive territory. The NSE Nifty 50 jumped 89.75 points or 0.44% to settle at 19,765.20, while the BSE Sensex jumped 306.55 points or 0.47% to 65,982.48. Bank Nifty index dipped 40.15 points or 0.09% to settle at 44,161.55. The broader indices ended largely in positive […]
Bank, NBFC stocks plunge as RBI tightens personal loan norms
It was a freaky Friday for non-banking financial companies (NBFCs) and certain banks, as the Reserve Bank of India’s (RBI) decision to raise risk weights on unsecured loans dragged their stocks down. RBL Bank, Satin Creditcare and Aditya Birla Capital were the major losers, plunging 7.7%, 6.2%, and 5.7%, respectively. Bajaj Finance declined 2%. Amo
Stock to Watch: BHEL, Zomato, Tata Power, Siemen, IREDA, JSW Steel
Stocks in Focus: GIFT Nifty traded at 20,029 up 166 points or 0.84%, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 gained 95 points or 0.48% to settle at 19,889.70, while the BSE Sensex jumped 204 points or 0.31% to 66,174.21. […]
Apple iPhone 15, iPhone 15 Pro Max in PHOTOS: Check every detail before you buy
1/10 iPhone 15 and iPhone 15 Pro Max prove change is the only constant. It’s not just about switch to USB Type-C. In other areas too, Apple’s 2023 iPhones bring immense change(s). (Photo credit: Saurabh Singh/Financial Express) 2/10 The iPhone 15 Pro Max features a Titanium frame which, according to Apple, makes it (one of) […]
CD issuances rise to 7-year high as liquidity squeeze hits banks
Hit by the liquidity squeeze, banks have raised nearly Rs 66,000 crore through Certificate of Deposits (CDs) in the fortnight ending December 15 — the highest amount raised in a fortnight in the last seven years. Previously, the peak for CD issuances was recorded at Rs 67,859 crore in the fortnight concluding in March 2016, […]
Agri-commodities exports decline to 17.93 lakh tonnes in Sept: APEDA
Export of agri-commodities, including basmati rice, declined to 17.93 lakh tonnes in September this year compared to 27.94 lakh tonnes in the previous month, according to agri-export promotion body APEDA. Exports of agri-commodities in April and May were around 33 lakh tonnes each. However, shipments of farm items fell to nearly 18 lakh tonnes due
Salaar: A cinematic triumph reinforcing Prabhas’ dominance
In the grand tapestry of Indian cinema, certain actors ascend to a level where their every move, every project, is met with fervent anticipation. Prabhas, with his towering screen presence and an innate ability to breathe life into diverse characters, undeniably occupies that rare echelon. The latest testament to his cinematic prowess comes in the
Awfis Space Solutions files IPO papers with Sebi
Flexible workspace solutions company Awfis Space Solutions Ltd has filed draft papers with capital markets regulator Sebi to garner funds through an Initial Public Offering (IPO).The proposed IPO comprises a fresh issue of up to Rs 160 crore and an Offer for Sale (OFS) of 1 crore equity shares, according to the Draft Red Herring […]
Monetarism making a comeback?
By Amol Agrawal Monetary policy is understood as an economic tool that adjusts money supply and interest rates of a nation to achieve macroeconomic stability in a country. Needless to say, money is central to monetary policy. However, over the last 30 years, it has been marginalised in the formulation of monetary policy. Now, due […]