India will continue to buy crude oil from anywhere in the world, including Russia, to meet its energy needs, a top official said ahead of EU restrictions on Russian oil kicking in.The executive body of the European Union has asked its 27-member countries to cap the price of Russian oil…
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate was positive on Tuesday despite mixed global cues, while silver rate was up 0.6%. On Multi Commodity Exchange, gold February futures were trading at Rs 53,709 per 10 grams, up Rs 204 or 0.38%. Silver March futures were trading…
Auto component major Motherson Sumi Systems reiterated its Vision 2025 despite the first half of the plan period witnessing incessant challenges. It aspires for—revenue of $36 bn with 40% RoCE, further diversification of revenue and 40% dividend payout. The vision entailed 25% of revenue from non-auto segment. Annualised revenue run-rate…
The rupee climbed 5 paise to close at 81.66 (provisional) against the US dollar on Monday as lower crude prices in and a firm trend in domestic equities boosted investor sentiment. Besides, a weak American currency and foreign fund inflows also supported the domestic unit, forex traders said. The local…
Asian shares edged higher on Tuesday as Beijing’s latest move to support developers boosted the property sector, though it was still not clear what new damage public unrest over China’s zero-COVID policy might do to the economy. Shares of Chinese property companies surged after the country’s securities regulator lifted a…
By Shivangi Sarda The Nifty 50 index had opened gap up on Wednesday and escalated throughout the day to touch yet another lifetime high mark of 18197 levels. The index gave a consolidation breakout on daily and weekly time frame and decisively holding well above 18000 zones. Bulls cheered the…
Domestic institutional investors (DIIs), primarily mutual funds, held $12.7 billion net shorts in single stock futures as on November 24 while in index futures, they held net shorts worth $901 million. The build-up of short positions is not alarming and in line with their usual positioning, according to experts. The…
Global shares were mostly higher Tuesday as jitters over protests in China set off by growing public anger over COVID-19 restrictions subsided. Hong Kong’s benchmark surged 5.2% and most other markets in Europe and Asia advanced. US futures edged higher. Oil prices rose more than $1 per barrel. France’s CAC…
The petrol and diesel rates remained steady on 25 November 2022, (Friday), the prices for petrol and diesel have not fluctuated for over four months. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) update petrol and diesel rates…
The domestic indices NSE Nifty 50 and BSE Sensex ended flat in trade on Friday. Sensex closed at 62,294, giving up the 63,000 level but ended 20 points higher. Nifty ended at 18,512, up 0.15%, while the Bank Nifty index lost 0.2% in trade today to close at 42,983. All…