Foreign portfolio investors (FPIs) made their highest buying of 2023 in April to the tune of ₹11,631 crore in Indian equities. This would be the second consecutive month where FPIs are buyers. Despite the IT sector’s bittersweet Q4 earnings that led to a massive selloff in tech biggies, both SensexRead More →
Gold rate today: On account of US dollar rates rebounding from 7-week lows and Dollar Index sustaining above the psychological 102 levels, profit booking triggered in the yellow metal on the weekend session. Gold future contract for April 2023 on Multi Commodity Exchange (MCX) ended at ₹59,310 per 10 gm,Read More →
Sensex closed at 59,808.97 up by 899.62 points or 1.53%. While Nifty 50 ended at 17,594.35 higher by 272.45 points or 1.57%. India’s volatility index tumbled by over 6%. The upside is widely attributed to mega-buying from foreign investors in Adani Enterprises, Adani Green Energy, Adani Ports, and Adani Transmission.Read More →
India’s macroeconomic position is expected to be relatively better than most Asian peers.. And this is driving optimism for the country’s corporate earnings outlook. The consensus earnings per share (EPS) growth estimates for the benchmark Nifty50 for FY23-FY25 are higher than most emerging market and developed market economies. The chartRead More →
A sharp selloff in banking stocks pushed Indian markets for a weak start of the week. On Monday, both Sensex and Nifty 50 tumbled by over half a percent, erasing key psychological levels. Feeble global cues also played a key role for riding bears in domestic equities, as the focusRead More →
Responding to the expectations of slowdown in US Federal Reserve rate hikes, and slow wage growth data, the Indian rupee attained its one-month high against the US dollar on Tuesday. The rupee rose to 82.2225 to the dollar by 10:20 a.m. IST, up from 82.36 in the previous session. AtRead More →
The dollar held near an almost one-month high on Friday, after U.S. economic data highlighted a still-tight labour market that could keep the Federal Reserve on its aggressive rate hike path. The number of Americans filing new claims for jobless benefits dropped to a three-month low last week while layoffsRead More →
Indian indices ended the last trading day of 2022 in the red after remaining flat for most of the session. They tanked sharply in the final hour of trade with Sensex shedding almost 300 points to close at 60,840, while Nifty ended the final trading day at 18,105, a dropRead More →
The rupee tanked 84 paise to close at its lifetime low of 77.01 (provisional) against the U.S. dollar on March 7 as intensifying geopolitical risks due to the Russia-Ukraine conflict pushed investors to safe haven assets. Forex traders said escalating tensions between Russia and Ukraine kept crude oil prices atRead More →
