The Indian declined by 16 paise to 90.11 against the US dollar in early trade on Monday, led by high crude oil prices and ongoing foreign fund outflows. Forex traders…
Category: Market
Crude oil futures rise as Trump orders ‘blockade’ of Venezuelan oil tankers
Crude oil futures traded higher on Wednesday morning after US President Donald Trump ordered ‘a total and complete blockade’ of all sanctioned oil tankers going into and out of Venezuela.…
Markets attempt recovery amid global caution, rupee weakness
Markets opened marginally higher on Wednesday, attempting a recovery after sharp losses in the previous session, as benchmark indices traded in a narrow range amid mixed global cues and persistent…
Bumper IT buyback helps India ETF pull off rare index beat
An unusual trade by an Indian exchange-traded fund has helped it edge past the benchmark it’s designed to mirror, a rarity in an era dominated by passive investing. Aditya…
Rupee will depreciate further, no need to panic or worry: Axis Bank chief economist
Axis Bank chief economist Neelkanth Mishra on Tuesday said the is likely to depreciate further, and there is no need to panic over the movements in the domestic currency, which…
IndiGo mass flight cancellations dent ATF sales by 4.1 pc in Dec
IndiGo’s widespread flight cancellations in early this month resulted in aviation turbine fuel (ATF) sales falling by over 4 per cent in the first fortnight of December, according to preliminary…
Sensex, Nifty may open flat-to-weak amid rupee slide and global caution
Indian equity markets are likely to remain under pressure in early deals on Wednesday amid a weakening rupee and continued selling by foreign portfolio investors (FPIs). However, Gift Nifty at…
Japan’s Mizuho to buy over 60% stake in Avendus Capital for up to $524 million
Mizuho Securities Co, a consolidated subsidiary of Mizuho Financial Group, has entered into an agreement with KKR, the majority shareholder of Avendus Capital, to acquire over 60 per cent of…
Broker’s call: Arvind Fashions (Buy)
Target: ₹725 CMP: ₹513.35 Arvind Fashions Ltd stands at an inflection point, transitioning from consolidation into profitable scale-up with a sharper focus on five power brands. This phase of growth…
Suzlon Energy share price gains over 2% as Motilal Oswal stays bullish, sees 43% upside
Shares of gained 2.5% in early trade on Monday, December 08, to reach the day’s high of ₹53 apiece after domestic brokerage firm Motilal Oswal retained its ‘Buy’ recommendation on…