The rupee edged up by 2 paise to 83.30 against the US dollar in opening trade on Thursday amid a correction in crude oil prices and gains in local equities. The US currency also weakened against its major global rivals which supported the rupee sentiment despite FII outflows, forex dealers said. At the interbank foreign […]
Can Nifty hold its own above 21000? 8 things to know before the share market opens
GIFT Nifty traded flat at 21,076.5 down merely 0.08%, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 gained 68.25 points or 0.33% to settle at 20,937.10, while the BSE Sensex added 303.91 points or 0.44% to 69,825.60. “The market achieved an […]
Kross files Rs 500 crore IPO papers with Sebi
Kross Ltd — a specialist in manufacturing forging components for top OEMs — has filed preliminary papers with capital markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO).The maiden public issue of the Jamshedpur-based company comprises a fresh issue of shares worth up to Rs 250 crore and an Offer […]
Mamaearth parent company Honasa surges 20% as Jefferies sees 25% upside
Honasa Consumer, the parent company of the popular beauty and personal care brand Mamaearth, witnessed a remarkable 20 percent surge in its shares, reaching Rs 422.5 per share on November 23. This surge follows the company’s impressive Q2 financial results, which revealed a doubling of net profit to Rs 30 crore. Jefferies, a leading financial [&hel
Gold Rates: MCX gold inches higher on weaker US Dollar, Treasury Yields; support is seen at Rs 62120-61850, resistance at Rs 62780-63000
Gold Price Today, Gold Price Outlook, Gold Price Forecast: MCX gold prices ascended on Tuesday, while Silver rates slipped 0.15%. On the Multi Commodity Exchange, gold February futures were trading at Rs 62,487 per gram, up Rs 118, or 0.19%. Silver December futures were trading down Rs 114 at 76054 per kg on the MCX. […]
Rising cost of imported coal may impact power tariffs
Global coal prices, which were trading at a lower range in the first half of the current financial year, are likely to see a spurt in the second half, likely having an impact on domestic e-auction prices of the fuel as well. However, Coal India may still not revise the prices up through the year, […]
Mamaearth shares hit upper circuit after strong Q2 show
Shares of Honasa Consumer, the parent entity of beauty and personal care brand Mamaearth, rallied 20% on Thursday, hitting its upper circuit limit, following a strong uptick in Q2 sales and a near-doubling of its profit. Honasa shares hit an all-time high of `423.75 on Thursday, rising 28% since its recent public listing. The company […]
Mukesh Ambani’s RIL and Disney sign ‘non-binding pact’ for mega media merger: Report
Mukesh Ambani-led Reliance Industries and Walt Disney have signed a non-binding pact that will pave way for merger of their Indian media businesses, latest media reports say. A Reuters report quoting ET said that mega merger is believed to be completed by February 2024. The report also said that the merger would give more control […]
PM Modi flags off first train of Delhi-Meerut RRTS service – See pics
1/10 Prime Minister Narendra Modi on Friday inaugurated the 17-km priority section of the Delhi-Meerut RRTS Corridor that seeks to redefine travel in the region. Modi showed the green flag to the ‘Namo Bharat’ train connecting Sahibabad and Duhai Depot stations, marking launch of the Regional Rapid Transit System (RRTS) in India. (PTI Photo) 2/10 N
Stocks to watch: Axis Bank, Bajaj Finance, Adani Power, IndusInd Bank, L&T
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty traded up 26 points or 0.13% at 19,828, indicating a positive opening for domestic indices NSE Nifty 50 and […]