On the back of a positive business outlook, Gokdaldas Exports’ stock hit an all-time high of Rs 505.65 on the BSE in intra-day trade on Wednesday. The company’s stock, which is in the textiles and apparel business, has surpassed its previous high of Rs 488, which it reached on May 5, 2022. It has outpaced the market by 30 percent in the last month, compared to a 4 percent fall in the S&P BSE Sensex.…
Oil prices rises on Thursday, extending gains from the previous session, as a European Union plan for more penalties against Russia, including a six-month oil embargo, countered concerns over Chinese demand. By 0209 GMT, Brent crude futures had risen 35 cents, or 0.3 percent, to $110.49 a barrel, while West Texas Intermediate crude futures had risen 25 cents, or 0.2 percent, to $108.06 a barrel. Both benchmarks rose more than $1 per barrel earlier in…
"Oil gains 0.3% as a result of EU sanctions against Russia and a potential crude ban."
On Monday, the rupee lost some of its early gains against the dollar, settling practically level against the greenback as domestic equities offset the impact of a strong drop in global crude oil prices. Forex brokers noted that a rising US dollar overseas and ongoing foreign fund outflows weighed on the domestic currency. The rupee opened marginally higher against the dollar on the interbank foreign exchange market, at 76.48, then gained further ground to trade…
"Rupee closes the day unchanged versus the US dollar, despite foreign outflows and a drop in oil prices." Bajaj Auto’s stock fell over 2% in early Thursday trade after the business reported a 2% drop in consolidated net profit for the fourth quarter ended March 2022. On the BSE, Bajaj Auto shares fell 2.58 percent to Rs 3,804.80. The stock fell 2.57 percent to Rs 3,805 per share on the NSE. Bajaj Auto reported a 2% drop in consolidated net profit to Rs 1,526 crore for the fourth quarter ended March 2022, owing…
"After Q4 earnings, Bajaj Auto shares fell over 2% to Rs 3,804.80 on the BSE." equity mutual funds (MFs) clocked inflows in February when markets were volatile. Data from the Association of Mutual Funds in India (Amfi) shows that equity funds saw net inflows of Rs 19,705 crore, with most flows going to Flexicar and sectoral funds. The net inflows numbers indicate investors’ desire to continue despite a sharp fall in Indian equities. In February, S&P BSE Sensex Index lost around 3 percent, while S&P BSE Midcap Index and S&P BSE Smallcap…
"Equity funds get Rs 19,700 crore in Feb as markets volatility continues" Equity indices relinquished early gains to close in the red for the second straight session on Thursday as surging oil prices amid the ongoing conflict between Russia and Ukraine sapped risk appetite. Crude oil prices ratcheted up towards the USD 120 per barrel mark on fears of supply disruptions as western nations tightened sanctions on Russia, which accounts for around 10 percent of global oil output. A weakening rupee and persistent foreign fund outflows also…
"Sensex, Nifty surrender early gains as boiling oil plays spoilsport" The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe. Forex traders said sustained foreign fund outflows, a lackluster trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 75.78 against the US dollar, then slipped further to 75.82, registering a decline of 49 paise from the last close.…
"Rupee slumps 49 paise to 75.82 against US dollar in early trade" Ten grams of 24-carat gold is selling at Rs 50,180 on Thursday, down Rs 280 since the last trade as demand dips for the safe-haven bullion. Gold of 22 carats is selling at Rs 46,000, down Rs 250 from Wednesday according to the Goodreturns website. One kg of silver is selling at Rs 64,300, down Rs 100 from the last trade. In Delhi, Kolkata, and Mumbai, 24-carat gold is selling at Rs 50,180. The price of 22-carat gold in…
"Gold trading at Rs 50,180 per 10 gm today; silver is at Rs 64,300/kg" The price of 10 gram of 24-carat gold remained unchanged on Saturday to trade at Rs 49,970, keeping with international trend for the precious metal. Gold of 22 carat is selling at Rs 45,800. One kg of silver is selling at Rs 62,600, down Rs 100. In Delhi and Mumbai, 24-carat gold is selling at Rs 49,970, according to the Goodreturns website. The price for 22 carat is Rs 45,800 in both cities. In Kolkata…
"Gold trading at Rs 49,970 per 10 gm today; silver is at Rs 62,600/kg" By Administrator_India Capital Sands The Indian equity benchmarks edged higher on Tuesday, defying the weak trend in global markets, paced by gains in information technology and FMCG heavyweights like Tata Consultancy Services (TCS), Infosys, HCL Technologies, Hindustan Unilever, ITC and Tech Mahindra. The Sensex rose as much as 288 points and Nifty 50 index moved above its important psychological level of 17,450. Global stock markets on Tuesday were caught in the grip of contagion fears…
"Sensex Rises Over 200 Points, Nifty Above 17,450 Led By IT Shares" By Administrator_India Capital Sands Oil prices dipped on Friday, heading for weekly losses of nearly 2%, after China announced it would release oil from it strategic reserve and some US airlines, key to a recovery in jet fuel demand, warned of a slowdown in ticket sales here. US West Texas Intermediate (WTI) crude futures fell 8 cents, or 0.1%, to $68.06 a barrel at 0133 GMT, after dropping 1.7% on Thursday. Brent crude futures fell…
"Oil slips on China’s plan to release crude from reserves, airline demand woes"
