By Siddhant Mishra The benchmark indices have scaled fresh peaks this year, with the BSE Sensex and Nifty50 posting gains of 7.5% and 7.4%, respectively. The Sensex recorded an all-time high of 63,284.19 and the Nifty 18,812.50 on December 1, 2022. Also Read: Indian markets stand out, valuation expensive, uncertainty…
The quantum of gold smuggling went up during the period in which economic activities were gradually unlocked after Covid, said the Smuggling in India Report 2021-22, referring to the high number of seizures by the Directorate of Revenue Intelligence. In all there were 160 cases of seizure of gold by…
On the weekly chart, the Nifty 50 index formed a bearish candle last week and remained restricted within previous week’s High-Low range indicating lack of strength on either side. The index is moving in a Higher Top and Higher Bottom formation on the weekly chart indicating positive bias. The chart…
Trading activity in the equity market this week will depend on macroeconomic data announcements, monthly auto sales numbers and global trends, analysts said. Bulls dominated Dalal Street last week, supported by favourable triggers like buying by Foreign Institutional Investors (FII) and a drop in crude prices. “This week, our Q2…
Capital markets regulator Sebi on Friday came out with a uniform format for reporting over-the-counter (OTC) trades in listed non-convertible securities. The development comes after Sebi observed that information on OTC trades in listed non-convertible securities provided to the stock exchanges by the investors is incomplete and inaccurate. “In order…
U.S. stock index futures edged lower on Wednesday after warnings of a looming recession from major Wall Street bankers offset optimism around the easing of China’s strict zero-COVID rules. Top executives at Goldman Sachs Group Inc, JPMorgan Chase & Co and Bank of America Corp said on Tuesday that inflation…
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The rate of diesel and petrol have not been changed on 5 December 2022 and costs have been steady for about six months now. In Mumbai, petrol costs Rs 106.31 per litre and diesel is at Rs 94.27 per…
By Yesha Shah Was it in anyone’s realm of imagination that Samvat 2077 could be the best performing year in over a decade? Last year pre-Diwali, while India was battling the shocks induced by the pandemic, uncertainties regarding the future continued to prevail. Even amid elevated skepticism, Samvat 2077 has…
Union Bank of India on Monday said that it will raise Rs 2,200 crore through two separate tier-2 bond issues. The bank will raise Rs 1,500 crore through bonds maturing in 15 years and another Rs 700 crore via bonds maturing in 10 years, the lender said in an exchange…
European stocks were on track for a sixth successive week of gains on Friday and government bond yields globally traded near multi-week lows as investors reacted to positive data and signs central banks may not hike rates as aggressively as feared. The 10-year Treasury yield dipped to 3.65% on its…