The Life Insurance Corporation of India (LIC) shares on Thursday hit a 52-week high of close to Rs 800 in intra-day trades. The stock settled at Rs 785.50, up 5.34%, on the BSE, after gaining as much as 7.27% to Rs 799.90. The stock had gained 7.2% on Monday and 5% on Wednesday. It is, […]
Dalal Street braces for fluctuations head: Check key technical indicators and foreign investment trends
Benchmark equity indices kickstarted the week on a positive note in this holiday-truncated week. On a weekly basis, the Nifty rose by 0.26%, mirroring the BSE Sensex, which also saw a 315.81 points or 0.48% gain last week. But that said, what’s the key level to watch out for going forward? Here are some expert […]
RBI should cut interest rates soon: Jayanth Varma
The Reserve Bank of India (RBI) should reduce nominal interest rates soon to prevent an excessive rise in real interest rates, says monetary policy committee’s external member Jayanth Varma. He tells Ajay Ramanathan that a potential deterioration in the global economy and geopolitical volatility are major risks to growth in 2024. Excerpts: Q. Do yo
FPIs turn buyers; invest Rs 1,433 cr in equities in November so far
After sustained selling in the last two and a half months, FPIs bought Indian equities worth Rs 1,433 crore thus far in November, mainly due to the decline in US treasury bond yields and crude oil prices. Foreign Portfolios Investors (FPIs) were net sellers till November 15. However, they reversed the selling trend by infusing […]
Year Ahead: Big movies will continue to rain in 2024
Cine-goers will have no dearth of choice in 2024 as the Indian film landscape will come alive with big-banner movies in both Hindi and regional languages. While 2023 saw the resurgence of Hindi movies and 2022 was all about south films, 2024 will be a happy mash-up of the two. The year will be choc-a-bloc […]
Farmer groups expand business outreach via ONDC
A large number of farmers’ collectives across states are now able to sell a host of unique agricultural products including rice, honey, millets, mushrooms and spices on the government’s pan-India e-commerce platform – Open Network for Digital Commerce (ONDC). Since the farmers producer organisation (FPOs) joined the ONDC platform in April, 2023, 32
From Alia Bhatt’s Rs 45.48 crore investment to Ajay Devgn’s 5 office units: 10 celebs who bought luxurious properties in 2023
In the year 2023, Bollywood luminaries have spared no expense in their real estate ventures. Notable names such as Alia Bhatt, Kartik Aaryan, Samantha Ruth Prabhu, and more have made significant property acquisitions. The trend extends beyond residential spaces, with actors like Ajay Devgn, Manoj Bajpayee, and Kajol investing in prime commercial re
Sugar stocks decline after govt’s ethanol move
Stock prices of major sugar companies fell on Monday after the government’s decision to discontinue the use of sugarcane juice, or sugar syrup, for ethanol production during the supply year 2023-24 (November-October).Stock prices of Balrampur Chini and Dhampur Sugar declined by 3% and 2.3% to Rs 397 and Rs 246, respectively, compared with prices pr
Share Market Highlights: Nifty trades below 19,750, Sensex above 65,900 ; Nifty Bank down over 100 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: 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. The broader indices ended largely in positive territory, wi
Hopes hinge on better margins for pharma & higher volumes for healthcare in ‘Samvat 2080’
In the lexicon of the Indian bourses ‘Samvat 2080’ is more than the traditional Hindu accounting year beginning today. As always, there is a renewed air of anticipation as the bourses herald the new Samvat with their decades-old practice of Muhurat (auspicious hour) trading. Post the pandemic, while the businesses have rebound with airlines, hotel-