By Bhavik Patel Poor run of crude oil continues as it gets battered by negative news. Crude has been one of the worst performing asset classes among all other major asset classes, namely equities, commodities and bonds. Only cryptocurrencies have after crude performed poorly due to FTX bankruptcy. A major…
Indian benchmark indices BSE Sensex and NSE Nifty 50 are trading in the red amid negative weak global cues, giving up Thursday’s gains. BSE Sensex is trading down over 500 points at 62,784 while NSE Nifty is at 18,677, over 0.7% points lower from yesterday’s close. TCS, Bajaj Finance, ICICI…
Domestic equity indices concluded the Thursday’s session marginally higher, snapping a four day losing streak. Larsen and Toubro, Eicher Motors, IndusInd Bank, Axis Bank and Hindalco were among top gainers on the Nifty, while Sun Pharma, Power Grid, Divis Lab, HDFC Life and TCS were the losers. Indian stock market…
Indian benchmark indices were trading in the green after touching fresh record highs on Thursday. The BSE Sensex gained over 240 points or 0.37% to trade at 63,339.88. The NSE Nifty is trading at 18,833, up 0.4%. Sectorally, Nifty IT is up 2.58% with constituents TechM, Coforge, Persistent Systems and…
Paytm stock is staring at a muted listing today after India’s largest IPO to date. Paytm’s Rs 18,300-crore public issue got a decent 1.89 times subscription, but grey market premium has vanished since then, amid concerns of overvaluation. At about 45x sales, and a market capitalisation of Rs 1.4 lakh…
What makes art so expensive? How has its price appreciated over the years? These are some questions that one would soon be able to answer with an ‘art index’ launched on Thursday by the Indian Institute of Management, Ahmedabad (IIM-A) in collaboration with Mumbai-based Aura Art Development (Aura Art), an…
SGX Nifty hinted at a tepid start for Indian share market. Nifty futures were trading 11 pts or 0.06% lower at 18747 levels, signalling a flat to negative start for domestic equities. In the previous session, the BSE Sensex rose 177 pts to 62,682, while NSE Nifty 50 closed above…
After pulling out money from Indian equities market in the past two months, FPIs made a strong come back in November with a net investment of Rs 36,329 crore on weakening of the US dollar index and positivity about overall macroeconomic trends. This was the third month (July, August and…
By Bhavik Patel Gold rose for the first time in eight months and in November it was the best monthly performance since July 2020. Gold is consolidating after Monday’s decline and has managed to cover more than 80% of the deep correction it had on 5th Dec (Monday). That shows…
Indian benchmark indices are likely to open mildly in green as trends in the SGX Nifty hinted at a flat to positive start for the domestic share market. Nifty futures were trading 20 pts or 0.11% higher on the Singapore Exchange. In the previous session, BSE Sensex dropped below 63,000…