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…
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…
The market capitalisation of BSE-listed companies reached a fresh all-time high of Rs 289.88 lakh crore on Thursday following an ongoing rally in equities. Analysts have attributed the rally in the markets to foreign fund inflows and the latest comments from the Federal Reserve Chairman Jerome Powell on the pace…
The Kirit Parikh Committee, which recommended a floor and ceiling price for natural gas produced from legacy fields of state-owned producers to moderate input price for CNG and fertilizer, has favoured paying ONGC and OIL a premium of 20 per cent over such price for any new gas production they…
By Rohan Patil It was a bear controlled week for the Indian bourses where prices closed in red for the four consecutive days and lost almost 500 points after registering a lifetime high of 18604.45 on October 19. On the daily chart prices are trading within the rising channel pattern…
The government on Tuesday lifted the ban on exports of organic non-basmati rice, including broken rice, a move which would help in promoting the outbound shipments of the commodity. Also Read: After imposing 20% duty on non-basmati rice, India bans export of broken rice This followed a 20 per cent…
By Sameet Chavan The week started with a decent bump up which was then followed by yet another gap up on Tuesday to reach a new milestone of 18600. However, the high beta midcap counters (recent movers) started correcting fiercely, which dampened the overall sentiments in the market. The Nifty…
Shares of NDTV have jumped more than 16 per cent since the Adani group launched its takeover bid for the media group, a rally that also comes at a time when bullish sentiments are dominating the broader market. The diversified Adani group started off with a hostile takeover bid for…