Stocks and commodities prices suffered a broad sell-off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs hit growth expectations in the world’s second-largest economy. Clashes between police and protesters across several major cities over the weekend halted a tentative stocks rally that gathered…
By Milind MuchhalaThe Indian equity market finally seems to be witnessing the much-awaited correction, although the headline index is getting some support from the healthy performance of the financials. However, this is masking the weakness in the broader market, especially in the midcap and small cap space. While the respective…
The rupee pared initial losses and settled marginally higher at 82.47 against the US dollar on Wednesday after the Reserve Bank of India (RBI) hiked the key repo rate by 35 basis points. Easing crude oil prices also supported the domestic unit, forex traders said. The local unit finally settled…
IPO action will continue its momentum in December too with three public issues worth more than Rs 1,800 crore set to open next week, setting off the start of IPOs this month after 10 floats in November. Shares of Uniparts India, whose IPO concluded this week, will also make stock…
By Dilip Parmar Indian rupee registered the first monthly gain of the calendar year in November, following foreign fund inflows, a rebound in risk assets after Fed members turned less hawkish and lower crude oil prices. In the first half of November, the rupee appreciated nearly 250 paise but the…
The rupee appreciated by 8 paise to close at 81.22 (provisional) against the US dollar on Thursday on broad dollar weakness after Federal Reserve Chairman Jerome Powell said the pace of interest rate hikes may slow. Forex traders said foreign fund inflows and a rally in domestic equities boosted investor…
By Siddhant Mishra Indian equities soared to new highs on Wednesday, with the 50-stock Nifty closing at a new lifetime high of 18,562.75 and the Sensex scaling a new peak to close at 62,504.80. Falling crude oil prices, easing inflation and chunky purchases by foreign portfolio investors (FPI) buoyed the…
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices remained in green amid a volatile trade session on Tuesday. NSE Nifty closed at 18,618 after touching a day’s high of 18,678. BSE Sensex rose over 200 points and reached a day’s high of 62,887 before settling…
By Siddhant Mishra The commitment by India to attain non-fossil energy capacity of 500 GW by 2030 and to meet half its energy requirements from renewable energy by the same year has put the spotlight on renewable energy firms. However, the stocks of green energy firms have seen some fluctuations…
E-commerce player Snapdeal has deferred its plan for IPO through which it was planning to issue fresh equity shares worth Rs 1,250 crore amid weak market conditions, the company has said. The company had earlier announced placing over 3 crore shares for an offer for sale under its IPO plan.…