Category: Uncategorized

Foreign portfolio investors (FPIs) continue to show confidence in Indian equities and pumped more than ₹30,600 crore in June so far, as they bet on the country’s stable macroeconomic profile and sturdy corporate earnings outlook. This came following a nine-month high investment of ₹43,838 crore in equities in May, ₹11,631 crore in April, and ₹7,936 […]

India’s steel purchase from China touched one of the highest in recent times for April-May, with 0.23 million tonnes (mt) coming in. This is up 62 per cent YoY, per provisional data available with the Union Steel Ministry, and accessed by businessline. Finished steel shipments from China in April-May of 2022 was 0.14 mt; while […]

Shares of the country’s largest commodity derivatives exchange MCX crashed four per cent to ₹1,563 on Friday after the exchange cancelled mock trading on the new software being developed by Tata Consultancy Services. The exchange had been holding trials for last few days to ascertain in stability during peak trading and make investors accustom to […]

Blenders support has lifted prices of good liquoring tea varieties in Kochi auctions, showing an increase of Rs1-2 per kg. According to traders, good liquoring teas with black appearance appreciated more in CTC dust in sale 25 as the sale progressed. The quantity offered was also higher at 9,97,200 kg with 82 per cent sold, […]

After having introduced the concept of Core Business Responsibility and Sustainability Reporting (BRSR), market regulator SEBI has now taken the next step of mandating assurance of this novel ESG reporting framework. This mandatory assurance will have to be done on ‘BRSR Core’ (critical elements of BRSR) in respect of the top 150 listed companies of […]

The outlook is bullish for Vardhman Textiles. The 3.6 per cent rise on Wednesday marks the end of the two-week sideways consolidation. It also indicates the beginning of a new leg of upmove. Moving average cross-over on the daily chart strengthens the bullish case. Supports at ₹366 and ₹355 can limit the downside. Intermediate dips […]

Aimed at improving the quality of Indian surgical gloves to gain competitiveness in the global market, the Rubber Board along with Bureau of Indian Standards conducted a training programme for manufacturers. Inaugurating the training programme, Jessy MD, Director, Rubber Research Institute of India, stressed the need for pricing the products competitively without compromising on quality […]

Abrdn Investment, the UK-based asset management company, has sold its entire 10.2 per cent stake in HDFC Asset Management Company on Tuesday through bulk deal. The former co-sponsor of HDFC AMC sold 2.18 crore shares at ₹1,873 a piece through bulk deal on the BSE. The deal is expected to fetch ₹3,920 crore for Abrdn […]

Crude oil traded lower on Tuesday morning as China cut lending rates by 10 basis points at a time when the market was expecting more. At 9.54 am on Tuesday, August Brent oil futures were at $75.92, down by 0.22 per cent, and August crude oil futures on WTI were at $71.14, down by 0.52 […]

The NSE IFSC-SGX Connect, on Monday, unveiled the new identity of GIFT Nifty, which will replace the existing SGX Nifty Futures & Options contracts from July 3, 2023 after a switch from Singapore Exchange (SGX) to GIFT IFSC in GIFT City, Gandhinagar. From June 30, the entire trading of SGX Nifty will cease to operate […]