Category: Uncategorized

Notwithstanding the recessionary trend in the global economy, most commodity prices are expected to remain above the pre-Covid level, largely due to renewed demand from China. Steel prices According to Crisil Economic Research released on Thursday, Global steel prices increased over 50 per cent in FY’22, driven by surging prices of coking coal , a […]

Renewed unease gripped world markets on Wednesday as news of Credit Suisse’s largest investor declining to provide more financial assistance to the Swiss bank sent its shares sliding. The yield on two-­year US Treasury notes fell to its lowest since September. Gold prices renewed their recent rally and oil prices pared losses after dropping to their lowest in more than a year. Concerns over further banking sector instability and closely watched inflation data published on Wednesday raised expectations that the Federal Reserve may pause or slow down hiking rates. The Dow Jones Industrial Average fell 509.01 points or 1.58 per cent while the S&P 500 index lost 54.49 points or 1.39 per cent and the Nasdaq Composite was down 111.12 points or 0.97 per cent at around 9 pm IST. Europe bleeds Signs of calm and stability in banking stocks, which tanked in the past week following the collapse of Silicon Valley Bank (SVB), soon paved way for renewed selling as Credit Suisse shares fell around 24 per cent to 1.70 Swiss franc at close. The STOXX 600 index fell 1.29 per cent, while Europe’s broad FTSEurofirst 300 index fell 44.48 points, or 2.51 per cent. The yield on benchmark 10-­year Treasury notes fell to 3.4249 per cent from its US close of 3.636 per cent on Tuesday. Spot gold prices rose 1.11 per cent to […]

The Indian market was reeling under the selling pressure of foreign portfolio investors (FPIs) on Tuesday. Despite no major fall in the US index futures and European markets, the Sensex and Nifty declined 0.6 per cent and 0.65 per cent, respectively, mainly as FPIs sold stocks worth ₹3,086 crore in the cash segment in a […]

The Aditya Birla Sun Life Nifty Bank ETF has registered a growth of over 25 times between last April and February 2023 and surpassed ₹2,000 crore in assets under management. Launched in October 2019, the Birla Nifty Bank ETF tracks the Nifty Bank Index and it suits investors looking for long-term capital growth. Nifty Bank […]

Shares of YES Bank plunged 12.8 per cent at open on Monday as the three-year lock-in on the bank’s shares came to an end. At open, shares of the private sector lender touched an intraday low of ₹14.40, but later pared some losses to touch a high of ₹16.30. However, overall market losses weighed on […]

Indian shares edged up on Monday, helped by gains in heavyweight information technology shares led by a rally in Tech Mahindra after the company named a new chief executive, while investors awaited inflation data due later in the day. The Nifty 50 index rose 0.6 per cent to 17,519.05, while the S&P BSE Sensex gained […]

Eight of the top 10 valued firms faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week, with Reliance Industries and ICICI Bank taking the biggest hit amid an overall weak trend in equities. During the holiday-shortened week, the 30-share BSE Sensex declined 673.84 points or 1.12 per cent amid concerns over […]

IDFC Mutual Fund will adopt a new brand identity as Bandhan Mutual Fund from Monday. Last April, Bandhan Financial Holding-led consortium had acquired IDFC Asset Management Company and IDFC AMC Trustee Company for ₹4,500 crore. Bandhan Financial Holding is the holding company of Bandhan Bank. While Bandhan Financial Holdings held 60 per cent in the […]

As the derivatives data indicated, Nifty 50 (17,413) and Nifty Bank (40,485) opened last week on the front foot. However, bulls could not hold on and the indices saw a sharp decline towards the end of the week. Consequently, Nifty 50 and Nifty Bank lost 1 and 1.9 per cent, last week. Bulls seem to […]

The board of Hindustan Aeronautics Ltd on Friday declared second interim dividend of ₹20 a share of ₹10 each fully paid up (200 per cent) for the Financial Year 2022-23. The record date for the payment of second interim dividend will be March 20, the company said. Shares of HAL closed 0.44 per cent lower […]