Indian benchmark indices are likely to open lower amid weak global cues. Trends in the SGX Nifty hinted at a negative opening the domestic share market as Nifty futures traded 63 pts lower at 18,746 level on the Singapore Exchange. In the previous session, the BSE Sensex fell 34 points…
Nifty 50’s correction at 17800 still looks frothy and expensive, says Nikhil Kamath, Co-founder, True Beacon and Zerodha. In an interview with Kshitij Bhargava of Financial Express Online, Nikhil Kamath, who has been named as the youngest philanthropist in the Hurun EdelGive list 2021, says that even if there’s a…
US long-term Treasury yields sank to a more than seven-week trough on Friday while the dollar drooped near recent lows against other major currencies peers as markets continued to digest dovish signals from the Federal Reserve. Expectations of a less aggressive pace of US monetary tightening from as soon as…
Recent spurt in business development has taken Godrej Properties’s (GPL) project additions since FY21 to Rs 30,000 crore/30m sf+, 90%+ of which are via the buy-out route. Rising residential prices and low competition for land acquisitions make GPL’s move timely; and projects are likely to boost revenue & margin visibility.…
The rupee consolidated in a narrow range and settled 3 paise higher at 82.44 (provisional) against the US dollar on Thursday, supported by positive domestic equities. At the interbank foreign exchange market, the local unit opened at 82.34 and touched an intra-day high of 82.26 and a low of 82.47…
Shares of drug delivery solution provider ZIM Laboratories Ltd got listed at Rs 336 on the National Stock Exchange of India (NSE) on Friday.ZIM Laboratories, already listed on the BSE since June 2018, has now extended its listing to the NSE.At the NSE, the stock of the company closed at…
Capital markets regulator Sebi has set up a high-level panel to review the takeover norms in a move to simplify and strengthen the current rules by adopting appropriate global practices. Also, the regulator will assess the current rules in the light of past judicial pronouncements and various informal guidelines issued…
By Sameet Chavan We inaugurated the festive week on a cheerful note on Monday and witnessed some hiccups in the initial two hours of trade. As we progressed, the buying interest emerged to slowly and steadily move beyond 17950. On the following day, we again started positively but failed to…
Bajaj Consumer Care board on Friday approved a proposal to buy back shares worth Rs 81 crore via the open market route. “The board has approved the buyback of fully paid up equity shares having a face value of Re 1 each of the company at a price not exceeding…
U.S. stock index futures edged up on Thursday ahead of weekly jobless claims data, while fears of an impending recession brought on by an aggressive Federal Reserve kept investors on edge. The Labor Department’s report at 8:30 a.m. ET is likely to show a marginal uptick in the initial claims…