Rupee falls 5 paise to 82.72 against US dollar
[ad_1] The rupee depreciated 5 paise to 82.72 against the US dollar in early trade on Thursday as a negative trend in domestic equities and firm crude oil prices weighed on investor sentiments. Sustained foreign fund outflows, strength of the American currency in the overseas market further dented sentiments, forex traders said. At the interbank […]
Indian refiners increase Ural stocks ahead of potential supply disruptions
[ad_1] India’s import of Ural crude oil hit a new high in July as Indian refiners, particularly State-run oil marketing companies (OMCs), stocked up on the grade fearing supply disruptions during August and September as Russia limits exports to shore up prices and meet domestic demand. According to energy intelligence firm Vortexa, Indian refiners imported […]
Broker’s Call: Equitas SFB (Buy)
[ad_1] Target: ₹115 CMP: ₹91.82 Equitas Small Finance Bank continues its impressive streak by achieving 2 per cent Reported RoA for the third consecutive quarter. This performance has also translated into a significant improvement in Reported RoE, which now stands at an impressive 14.54 per cent, showing a remarkable increase of 550 basis points YoY. […]
Brent crude above $85 a barrel on fears over tightening supplies
[ad_1] Crude oil futures touched a near three-month high on Tuesday morning on concerns over tightening supplies in the coming days. However, futures traded slightly lower in early trade on Tuesday morning. At 9.55 am on Tuesday, October Brent oil futures were at $85.25, down by 0.21 per cent, and September crude oil futures on […]
Domestic natural gas price fixed at $7.85/mBtu for August 2023
[ad_1] The government has fixed a price of $7.85 per million British thermal units (mBtu) for the natural gas produced from the legacy fields of ONGC and Oil India for August 2023. However, the Petroleum Planning and Analysis Cell (PPAC) said that the price from the nomination fields of both the Oil PSUs will be […]
SEBI may bring equity derivatives segment under long-term additional surveillance measures
[ad_1] After asking stockbrokers to display ‘risk disclosures’ for F&O clients, SEBI is now planning to put equity derivatives segment under long-term additional surveillance measures (ASM). ASM framework already exists for the equity markets, and it protects investor interest by placing scrips under restriction to prevent market speculation and manipulations. The stocks are moved to […]
FedFina to raise up to ₹1,400 crore from IPO this year
[ad_1] Federal Bank subsidiary Fedbank Financial Services (FedFina) is aiming to raise up to ₹1,400 crore through an Initial Public Offering (IPO) by the end of 2023, a top official at its promoter entity Federal Bank has said. The Non-Banking Finance Company (NBFC) arm of the South-based bank re-filed its Draft Red Herring Prospectus for […]
Nuvama Private sees Nifty 50 scaling to 22000-23000 levels in 12 months
[ad_1] Nuvama Private, the private banking arm of Nuvama Group, a wealth management firm, sees Nifty50 scaling up to 22,000-23,000 levels in the next 12 months, Alok Saigal, President & Head, has said. Saigal sees Foreign Portfolio Investors (FPI) inflows—which were close to ₹80,500 crore between April and July this year—to remain the primary growth […]
Motilal Oswal, Raamdeo Agarawal to donate 5% each of MOFSL shares for charity
[ad_1] Motilal Oswal and Raamdeo Agarawal, promoters of the Motilal Oswal Financial Services (MOFSL) will donate five per cent of equity stake by each of them for charitable purpose. They will donate a total of approximately 1.48 crore shares. In a disclosure to the exchanges, they said, “It will be our endeavour to spend the […]
Rupee falls 32 paise to close at 82.24 against US dollar
[ad_1] The rupee plunged 32 paise to close at 82.24 (provisional) against the US dollar on Friday amid renewed foreign fund outflows and negative trends in domestic equity markets. An elevated level of crude prices nearing $84 a barrel also weighed on the domestic unit even as the American currency gained strength on the back […]