Gokaldas Exports promoter Clear Wealth sells stake further
A promoter group company of Gokaldas Exports, Clear Wealth Consultancy Services, has offloaded 60 lakh shares in the secondary market on Thursday at an average price of ₹390.10 a share, making the transaction size at about ₹235 crore. Clear Wealth had held 1.25 crore shares or 20.56 per cent stake in Gokaldas Exports at the […]
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MCX to launch mini contract on natural gas futures
The Multi Commodity Exchange (MCX), the country’s largest commodity exchange, will launch a mini contract on natural gas futures on Tuesday. The contract would be cash settled based on the New York Mercantile Exchange. Initially, two contracts expiring in April and May will be available for trading. Going ahead, a maximum of three months’ contracts […]
%20(1).jpg "Kirloskar Oil Engines’ promoter entities sell 17.71 per cent stake for ₹825 cr")
Kirloskar Oil Engines’ promoter entities sell 17.71 per cent stake for ₹825 cr
Kirloskar Oil Engines’ promoter entities on Wednesday divested 17.71 per cent stake in the company for ₹825 crore through open market transactions. The promoter and promoter group which offloaded the shares include Jyotsna Gautam Kulkarni, Ambar Gautam Kulkarni and Nihal Gautam Kulkarni. Nomura Trust and Banking Co. Ltd, Societe Generale, Sageone Investment Managers LLP, the […]
Weekly Rupee View: INR breaks out of a barrier
Over the past week, the rupee (INR) made good gain against the dollar (USD). Although the local currency closed almost flat on Monday, the bias appears positive. On Monday, it closed at 81.92. The domestic currency has gained 1 per cent year-to-date against the dollar. Consequently, it is one of the best performing Asian currencies […]
Sensex may hit 70,000 in 3 months: Axis My India survey
A survey by Axis My India says that 43 per cent believe that S&P BSE Sensex will go beyond 70,000 in the next three months. “Whereas 25 per cent believe that, it will remain between 55,000 and 65,000, 18 per cent believe that it will drop below 50,000,” the survey by one of the famous […]
Exchanges, AMCs, brokers, depositories told to adopt new cloud framework
SEBI on Monday made it mandatory for all the regulated entities (REs) to adopt the new cloud framework. The framework sets out the regulatory and legal compliances by REs (exchanges, clearing corporations, asset management companies, depositories, brokerages, KYC registrar agents and others) if they adopt cloud framework. SEBI said that the cloud framework is a […]
Crude oil drops as China sets growth target below market expectations
Crude oil traded lower on Monday morning as China’s GDP (gross domestic product) forecast for 2023 was below market expectations. At 9.55 am on Monday, May Brent oil futures were down by 0.76 per cent at $85.18 and April crude oil futures on WTI were down by 0.77 per cent at $79.07. March crude oil […]
FPIs bet on capital goods and infra stocks amid capex cycle revival
Foreign portfolio investors (FPIs) are increasing their bet on India’s capital goods sector amid early signs of revival in the capex cycle led by higher public capital expenditure and the crowding in of private investments. According to depositories data, FPIs have infused a net investment of ₹14,912 crore in the capital goods sector and ₹5,541 […]
Nifty has outperformed global peers since 2020: Will the party last?
The benchmark Nifty Index has fallen about 2 per cent so far this year in contrast to key global indices such as the US’ S&P 500 and Dow Jones (DJIA), Europe’s Euro Stoxx 50 (Euro Stoxx), Japan’s NIKKEI and China’s Shanghai Composite (SHCOMP), which are up anywhere between 1.5 and 8.5 per cent. However, despite […]