The benchmark equity indices ended Thursday’s trading session in the positive territory. The NSE Nifty 50 jumped 36.55 points or 0.18% to settle at 21,133.15, while the BSE Sensex jumped 86.53 points or 0.13% to 66,988.44. Bank Nifty index falls 84.70 points or 0.19% to settle at 44,481.75. The broader indices ended in positive territory, […
Gold faces resistance at $2000-2010 amidst mixed market Signals: What next for gold?
By Bhavik Patel Gold is near to its resistance zone of $2000-2010 and the upside momentum is drifting sideways because of lack of fresh triggers. However gold is expected to remain positive on back of various combinations of factors. One of them is being expectations that the Federal Reserve might have concluded raising interest rates. […]
Mcap of 7 of top 10 firms swells Rs 1.50 lakh cr; TCS, Infosys biggest gainers
The combined market valuation of seven of the top 10 valued firms climbed Rs 1,50,679.28 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, amid an overall optimistic trend in equities. Last week, the BSE benchmark jumped 890.05 points or 1.37 per cent. Reliance Industries, TCS, HDFC [&helli
Subdued crude prices: H2 inflation outlook more stable now
The upside risk to inflation from crude oil prices that persisted till early October seems to have ebbed. Analysts have revised estimates of inflation now to be around 5.4% for the remaining months of the financial year 2023-24. Crude prices are expected to remain subdued amid concerns of sluggish demand from the top importers and […]
Remembering Bharat Ratna Atal Bihari Vajpayee on his 99th birth anniversary: Kargil to Kandhaar, top moments of his legacy
Atal Bihari Vajpayee, the charismatic poet-politician who served as India’s 10th Prime Minister for three non-consecutive terms, remains a towering figure in the nation’s history. Vajpayee passed away at the age of 93 on August 16, 2018. His health had been a growing concern after a stroke in 2009 impaired his speech and led to […]
FII, DII data: FPIs sold shares worth Rs 1244 Cr, DIIs added shares worth Rs 830 Cr on November 13, Monday
Foreign institutional investors (FII) offloaded shares worth net Rs 1,244.44 crore, while domestic institutional investors (DII) added shares worth net Rs 830.40 crore on November 13, 2023, according to the provisional data available on the NSE. For the month till November 13, 2023, FIIs sold shares worth net Rs 7,604.27 crore while DIIs bought sha
ESAF Small Finance Bank sees bumper debut on bourses; lists over 18% premium; Should you hold or book profit?
ESAF Small Finance Bank’s shares listed at 18% premium over the IPO price on bourses on Friday. The share debuted at Rs 71 on the NSE and Rs 71.90 on the BSE, as compared to the issue price of Rs 60. The investors have made a profit of Rs 11 per share as the scrip […]
Rupee recovers from record lows; rises 6 paise to settle at 83.34 against US dollar
The rupee on Tuesday rebounded from record low levels, gaining 6 paise to settle at 83.34 against the US dollar amid positive sentiment in the equity markets and inflow of foreign funds. Forex traders said a weak American currency against major rivals and crude prices hovering close to USD 80 per barrel level also supported […]
Tata Tech opens for subscription, GMP up 71%; should you subscribe to the issue?
Tata Technologies IPO: The much-awaited Tata Tech IPO opens for subscription today and will close on Friday, November 24, 2023. The public issue will be the first IPO of a Tata Sons entity for almost 20 years after TCS in 2004. The bidding for anchor investors concluded on Tuesday, wherein the company collected Rs 791.05 […]
Sebi plans to introduce ‘fast track’ concept for public issuance of debt securities
To deepen the bond market, Sebi is looking to introduce the concept of ‘fast track’ public issuance for debt securities and further reduce the face value of debt securities, including non-convertible debentures, issued on a private placement basis to Rs 10,000 from Rs 1 lakh at present. If implemented, the move would also promote ease […]