Markets

Rupee opens higher at 69.75 per dollar against the previous close of 70.01

The Indian rupee opened higher at 69.75 per dollar on Friday morning against the previous close of 70.01 amid sinking crude oil prices and BJP’s thumping victory in the Lok Sabha elections.

In the local markets, the rupee closed at Rs 69.74 against the dollar, an appreciation of 48 paisa or 0.69%. News

Chinese steel futures slide on oversupply concerns

Utilisation rates at steel mills have risen 2.07 percentage points in the week to May 24 from 71.13% the week before, data compiled by Mysteel consultancy showed. Those were the highest levels since m

Chinese steel, Iron ore, Sharp gains, China crude steel News

What will drive share market today: Rupee, Crude oil prices, other key factors to watch out for

The Indian headline indices- Sensex and Nifty are likely to open higher as the Bharatiya Janata Party won a majority of the seats in the Lok Sabha elections 2019 as the markets had expected.

Stock Market, Exit Pole, एग्जिट पोल, शेयर बाजार, Investors, Crude, Rupee, Trade War, Sensex, Nifty, General Election News

Share market highlights: Sensex ends 624 points up, Nifty near 11,850; ICICI Bank, VEDL top gainers

Share market highlights: The Sensex and Nifty ended the week on a euphoric note after Narendra Modi-led NDA's emphatic victory in Lok Sabha polls. The Sensex closed 624 points higher at 39,434.72.

The number of securities that hit the upper circuit limit was 115, while 119 scrips touched their respective lower circuits, according to BSE. (File photo) News

Dollar steady after coming off 2-yr high, pressured by lower U.S. yields

On Thursday, President Donald Trump said U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal, while at the same time calling the Chines

Rupee, US dollar, Donald Trump, world economy, Us dollar, Xi Jinping, china, BSE Sensex News

Asian shares at 4-month low on deepening US-China trade war

The dollar hit a high of 98.371 against a basket of six major currencies overnight. The index was last quoted at 97.880, unchanged on the day. The euro fetched $1.1182.

Global markets, asian stocks, sino US talks, asia pacific shares, beijing, shanghai stocks, Global markets, Asian stock markets, stock markets, Asian shares, dollar, US News

Oil bounces back, but markets remain fragile amid trade disputes

Brent crude futures, the international benchmark for oil prices, were at $68.50 per barrel at 0231 GMT, up 74 cents, or 1.1%, from their last close.

Oil prices, OPEC supply, US sanctions on iran, venezuela, US crude futures News

Gold hovers above $1,280 as dollar recoils on US data blow

U.S. gold futures eased 0.2% to $1,282.40 an ounce.

Gold price, Spot gold, US gold futures, Sino-US friction, SPDR Gold Trust, silver, Gold price, US data, US stock, US gold futures, Huawei Technologies, Huawei Technologies, spot gold prices, gold mining News

SEA seeks fixing of tariff value for crude sunflower, rapeseed oil

The association is preparing action plan and would submit it to the government for further consideration.

Commodities News

Market Impact: Euphoria over stable government dies down fast

With sectors such as power and telecom in deep trouble and the NPA cycle not turning just yet, corporate India has little but a low base going for it.

Markets News

Private banks’ Q4 profit declines 14% amid rise in provisions

IndusInd Bank was among the lenders that clocked the highest rise in gross NPAs, followed by Yes Bank and IDFC First Bank.

Markets News

Fund-raising set to be cheaper for top NBFCs

For instance, REC had issued a 10-year paper at 8.8% on May 14, while it issued a similar tenure bond on March 28 at a higher coupon rate of 8.97%. The spreads fell to 143 bps on May 14, against a spr

Markets News

Reliance Capital to exit Mutual Fund business

The monetisation of the RNAM stake is part of our value-unlocking strategy.

Markets News

Analyst Corner: ‘Add’ on Eric Lifesciences, revised TP at Rs 680

Management expects FY20 sales to be 30-50% higher than market growth. Net cash position expected to remain in FY20 given no acquisition plans.

Markets News

Analyst Corner: Maintain ‘buy’ on JSPL, revised target price Rs 210

However, soft prices in Oman and losses in international mining operations are likely to drag FY20 performance.

Markets News

Markets tumble after hitting record highs

Going ahead, the stimulus for India could be the RBI cutting rates by 25-50 bps over the next six months.

Markets News

Modi 2.0 puts India in a sweet spot, boosts economic growth: IIFL’s Nirmal Jain EXCLUSIVE

A government with a clear majority like this can take bolder steps and continue with the reforms, which is also positive for the markets, because, when the economic conditions are good the market does

CaFE Invest News

Sensex slumps 1,300 points from above 40,000 after Modi’s emphatic win; here’s why

The stock market witnessed its worst intra-day fall in 11 years on Thursday, after the Sensex and Nifty surged to new peaks on Narendra Modi’s emphatic election win.

The number of securities that hit the upper circuit limit was 115, while 119 scrips touched their respective lower circuits, according to BSE. (File photo) News

India’s credit rating depends on policies of new govt; Moody’s explains how

India's credit rating will depend  on the policies of the new government, Moody's said Thursday and expressed hope that the country would continue with its fiscal consolidation plan.

Markets News

Morgan Stanely sees Sensex at 45,000 mark by June 2020, after Modi’s thumping election win

With the Indian headline index Sensex breaching 40,000 mark for the first time ever, Morgan Stanley, a global brokerage house, expects it to rally further and hit a new high of 45,000 level by June, 2

Gujarat results News

Analyst Corner: Retain ‘sanguine’ outlook on Sobha on improved launch

Encompassing 0.5m sq.ft., Q4 volumes (5k sq.ft.) for this affordable-housing project are nothing much to write about as the project hit the markets toward end-March 2019.

Markets News

Analyst Corner: Maintain ‘buy’ on Tejas, revenue seen rising

Curbs on Huawei are likely to be aimed at dominance of 5G network technology, as Huawei is a rapidly expanding in 5G technology.

Markets News

Fund-raising through rights issues crosses Rs 50,000 crore so far this year

The regulator highlighted that issuers perceive a higher exposure to price risk due to current rights issue process while investors expect allotment and listing timelines to be shortened.

Markets News

Sensex, Nifty record rally: Stock market strategy for investors going ahead

The market reaction to the political outcome will be out of the way soon and it will be time to focus back on fundamentals.

With Friday’s gain, the Sensex has added about 816 points in the last two sessions. (File photo) News

After Sensex, Nifty’s record rally, Rakesh Jhunjhunwala says mother of all bull runs ahead of us

The mother of all bull run in the stock market is still ahead as India is yet to see stellar growth, big bull Rakesh Jhunjhunwala said.

Markets News

Anil Ambani’s Reliance Capital sells entire mutual fund business for Rs 6,000 crore; key things to know

Reliance Capital said it has signed binding definitive agreements with Nippon Life Insurance of Japan.

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Sensex, Nifty record rally: Investor wealth up Rs 2.87 lakh crore as Modi-led NDA leads early trends

The market cap of the companies listed on BSE surged by Rs 2,87,028.8 crore to Rs 1,53,56,153.14 crore in early trade from Rs 1,50,69,124.34 crore on Wednesday.

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