FPIs have bought ₹66,135 crore worth of Indian equities and the total inflow stands at ₹84,537 crore as of December 29, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. FPIs heavily bought stocks in financial services, according to analysts. Also Read: NiftyRead More →
The rally – in thin trade with some markets closed for public holidays, added to last week’s gains of about three per cent after Houthi attacks on ships disrupted global shipping and trade while the Israel-Hamas conflict shows no sign of easing. Brent crude futures were up by $1.79, orRead More →
In 2023, the Nifty marked its eighth consecutive year of positive performance, showcasing its resilience in the face of challenges. Despite experiencing major headwinds like global monetary tightening, particularly US Fed rate hikes, the Indian economy and market demonstrated remarkable resilience in 2023. The year commenced with elevated inflation, geopoliticalRead More →
US Federal Reserve Chair Jerome Powell on Friday reaffirmed the central bank’s intent to remain cautious on interest rates but also said that the hoped-for “soft landing” of the US economy seemed to be falling into place. Powell said that the US monetary policy was slowing the economy as expectedRead More →
Gold rate today: Amid buzz of US Fed interest rate pause and falling US dollar index, gold and silver price bounced back from lower levels and registered more than one per cent rise in the week gone by. On weekly basis, MCX gold rate ended 1.07 per cent higher atRead More →
The rupee depreciated 2 paise against the US dollar in the morning session on Wednesday, tracking a strong American currency overseas and muted trend in domestic equities. The local currency opened 2 paise lower at 83.27 a dollar as compared to previous close of 82.25. The dollar index, which gaugesRead More →
The Indian rupee traded flat against the US dollar in early trade on Tuesday as elevated crude oil prices and a strong American currency overseas weighed, while the positive trend in the domestic equities supported the local unit. Rupee opened flat at 83.25 a dollar. The dollar index, which gaugesRead More →
Domestic equity benchmarks Nifty 50 and Sensex plunged sharply lower in the past week and lost more than 2.5 per cent, the steepest such drop since the week ended September 22, mostly weighed by week global cues. The blue-chips bounced back by 1 per cent, in the final session onRead More →
The Asian markets traded higher, while the US stock market ended in the green overnight after dovish comments from US Federal Reserve officials decreased the odds of further interest rate hikes by the central bank. Investors remain watchful of the Israel-Hamas war in the Middle East and its impact onRead More →
According to commodity market experts, gold rates today are weighed by strong US dollar that has climbed to six-month high during the same period. They said that market is expecting interest rate hike in the US Fed’s FOMC meeting scheduled next week and further volatility in the rpecious metal canRead More →
