Crude oil down despite China’s move to lower duty on stock trading
[ad_1] Crude oil futures traded lower on Monday morning despite China’s move to bring down stamp duty on stock trading. At 9.52 a.m. on Monday, November Brent oil futures were at $83.80, down by 0.18 per cent; and October crude oil futures on WTI (West Texas Intermediate) were at $79.77, down by 0.08 per cent. […]
Implementing cotton quality control order: Challenges and opportunities
[ad_1] Quality forms the bedrock of any thriving industry, serving as the fundamental building block for success. This truth resonates deeply within India’s textile sector – a key driver of the country’s economy, generating employment opportunities and contributing substantially to exports. Despite its robust farm-to-fashion framework, there is now a greater emphasis on product quality […]
Investor eyes glued on IPOs with new issues for ₹6,000 cr to hit market soon
[ad_1] With valuations in the secondary market turning red hot, investors are flocking to the primary market wooed by right pricing of issues and hefty listing gains. In fact, the enthusiasm to invest in IPOs, which started with the recent SME issues, has now caught up with the main board IPOs in recent times particularly […]
KFin Tech shares hit record high on Jefferies’ upgrade
[ad_1] Shares of KFin Technologies surged 14.4 per cent intraday on Friday to touch a record high of ₹439.70 after advisory firm Jefferies assigned a ‘buy’ rating on the stock pegging rise in the share price at 30 per cent. The stock later pared some gains to end 11.7 per cent higher at ₹429.25 on […]
Rubber Board urges tyre makers to resume domestic purchase
[ad_1] The Rubber Board has urged tyre manufacturers to resume domestic purchases of natural rubber (NR) at the earliest and support growers and dealers from further losses and stabilising market prices. Expressing concern over the current market situation, M Vasanthagesan, Executive Director, said NR prices have been declining since May despite increase in production and […]
Weak global cues set tone for Sensex, Nifty with expected gap-down opening
[ad_1] Domestic markets are likely to see a strong gap-down opening on Friday amid weak global cues. The US Stocks overnight slumped sharply on healthy job data. Major US indices crashed led by Nasdaq that slumped nearly 2 per cent. S&P 500 and the Dow Jones Industrial Average lost over one per cent. Gift Nifty […]
Sensex, Nifty slip as Reliance slide overpowers IT gains
[ad_1] Indian shares reversed intraday gains on Thursday, as a slide in Reliance Industries overpowered the rise in IT stocks, while investors turned their focus to the release of Reserve Bank of India’s (RBI) policy meeting minutes, after market hours. The Nifty 50 settled 0.29 per cent lower at 19,386.70, while the S&P BSE Sensex […]
Vishnu Prakash R Punglia garners ₹92 cr from anchor investors
[ad_1] Vishnu Prakash R Punglia Ltd on Wednesday raised ₹92 crore from anchor investors ahead of its initial public offering (IPO), which opens on Thursday. The company plans to raise about ₹309 crore from the IPO and fixed the price band at ₹94-99. The issue will be open till August 28 for public subscription. The […]
Rupee edges up 7 paise versus dollar in cautious trade
[ad_1] The rupee was trading in a narrow range and appreciated by seven paise against the US dollar in early trade on Wednesday, amid a muted trend in domestic equities. Forex traders said the rupee is trading in a narrow range as investors remain cautious ahead of the BRICS summit and US Federal Reserve Chair […]
Weekly rupee view: Rupee stays in the bear zone despite a rally
[ad_1] The rupee inched up over the past week against the dollar. On Tuesday, the rupee appreciated by 0.2 per cent to close the session at 82.94. Supporting the upside, the net FPI (Foreign Portfolio Investors) flows have been positive over the past week. According to the NSDL (National Securities and Depository Limited) data, the […]