The benchmark equity indices closed Friday’s trading session in negative territory. The NSE Nifty 50 ended down by 7.30 points or 0.04% to settle at 19,790.55, while the BSE Sensex ended down by 47.77 points or 0.07% to 65,970.04. Bank Nifty index gained over 191.60 points or 0.44% to settle at 43,769.10. The broader indices […]
Warehousing surge in India
– By Avikshit Moral and Mahek Chheda In recent years, India has witnessed a monumental surge in its warehousing industry, signalling a pivotal shift in the country’s economic landscape. The robust growth of e-commerce (expected to reach $350 billion by 2030), advancements in technology, government initiatives and evolving consumer preferences have
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. […]
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 […]
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 […]
Introducing Shah Rukh Khan’s billionaire neighbour: Mumbai’s real estate mogul with a net worth exceeding Rs 11,560 crore
In the vibrant city of dreams, Mumbai, the success narrative of Bollywood luminary Shah Rukh Khan serves as an inspiration to countless aspiring actors. Emerging from a non-filmy background, Khan initiated his acting journey with the Doordarshan series Fauji, gradually ascending to the pinnacle of Bollywood triumph. Over the past three decades, Sha
Rupee falls by 9 paise to 83.18 against US dollar
The rupee declined by 9 paise to 83.18 against the US dollar in early trade on Thursday due to a firm greenback in the overseas markets. FII inflows and crude oil prices extending losses, however, helped the rupee restrict the fall, forex dealers said. At the interbank foreign exchange market, the rupee opened lower at […]
ONGC charges premium over Brent in oil deals with BPCL, HPCL
India’s top oil and gas producer ONGC has signed term contracts with refiners to sell crude oil it produces from Mumbai offshore fields at a premium to international benchmark Brent, sources said. Oil and Natural Gas Corporation (ONGC) has signed deals to sell about 4.5 million tonne of crude oil each to Bharat Petroleum Corporation […]
Stocks to Watch: Adani Ports & Special Economic Zone, Balrampur Chini Mills, Triveni Engineering, Dalmia Bharat Sugar, Vedanta
Stocks in Focus: GIFT Nifty traded flat at 21,074.5 down merely 0.01%, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 dropped 36.55 points or 0.17% to settle at 20,901.15, while the BSE Sensex slipped 132.04 points or 0.19% to 69,521.69. “Markets […]