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India’s import of cheap Russian oil scaled another record in May and is now more than the combined oil bought from Saudi Arabia, Iraq, UAE and the US, industry data showed. India took 1.96 million barrels a day from Russia in May, 15 per cent more than the previous high in April, according to data […]

Foreign portfolio investors turned major buyers in both primary and secondary markets in May, pumping in ₹43,838 crore last month. India has attracted the largest investment among emerging markets with FPIs turning net sellers in China last month. The bullishness of FPIs in Indian equities was buttressed by the better-than-expected GDP number of 6.1 per […]

In a bid to increase the liquidity on Request for Quote (RFQ) platform of stock exchanges and to enhance the transparency and disclosure pertaining to trading in secondary market in corporate bonds, SEBI has asked stock brokers (SBs) to undertake at least 10 per cent of their total secondary market trades by value through RFQ platforms. […]

Paddy, pulses and oilseeds sowing trailed as planting activities of kharif crops gather pace, while the area under sugarcane, cotton and coarse cereals was higher as of Friday, data from the Agriculture Ministry showed. Kharif sowing activities this year have been aided by higher rainfall in May. According to the India Meteorological Department (IMD), the […]

The Rupee appreciated sharply against the Dollar, recording its biggest single day gain in two months, on strong capital inflows even as the sentiment in the forex market was boosted by better-than-expected GDP growth data for FY23 and the likelihood of the US Fed eschewing a rate hike at its next meeting. The Indian unit, […]

A day after SEBI proposed mandating additional disclosure for high-risk Foreign Portfolio Investors, the Congress, on Thursday, alleged that the regulator was now looking to tighten the very rules it was “forced to dilute” in 2018 to benefit the Adani Group. The capital markets regulator, on Wednesday, came out with a proposal mandating enhanced disclosures […]

Aureus Investment, promoter of Sona BLW Precision Forgings, has sold 1.9 crore shares (or 3.25 per cent), of the auto ancillary company. The shares were sold at an average price of ₹503.73, taking the deal size to ₹957 crore, NSE bulk deal data revealed. Aureus Investment held a 33 per cent stake in Sona BLW […]

₹1637 • HDFC Bank S1 S2 R1 R2 COMMENT 1630 1615 1655 1670 Go long now and at 1630. Keep the stop-loss at 1625 ₹1323 • Infosys S1 S2 R1 R2 COMMENT 1310 1300 1330 1360 Wait for dips. Go long at 1305. Keep the stop-loss at 1295 ₹450 • ITC S1 S2 R1 R2 […]

India is looking to set up smaller petroleum refineries to achieve 450 million metric tonne per annum refining capacity in the country, Oil Minister Hardeep Singh Puri said on Tuesday. Addressing an energy summit organised by Indo-American Chamber of Commerce and Industry here, Puri said smaller refineries pose lesser hurdles like land acquisition and others. […]

Leading bourses BSE and NSE will put the securities of NDTV, an Adani Group company, under the short-term ASM framework from Tuesday. The parameters for shortlisting securities under ASM include high-low variation, client concentration, number of price band hits, close-to-close price variation and price-earning ratio. New Delhi Television Ltd (NDTV) is shortlisted in the short-term […]