Benchmark stock market indices closed marginally lower on Thursday, as gains in auto and IT were capped by huge losses in FMCG stocks. ITC fell 10% to hit a 52-week…
Category: Market
RBI to tolerate weaker rupee as inflows dry up, sources say
Mumbai India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap and stalling of dollar inflows into the world’s…
HDFC Bank sees rupee falling to 92 in absence of quick US trade deal
Mumbai – Uncertainty over the timing of the US.–India trade deal is fuelling rupee volatility and the absence of a quick agreement could push the currency to as low as…
Gold futures fall, silver gains as weak US data spurs caution
Gold prices fell to ₹1,30,374 per 10 grams while silver futures rose to ₹1,82,672 per kilogram on Wednesday as mixed global trends and weak US economic data prompted cautious trading…
JSW Steel’s joint venture move with Japan’s JFE Steel draws mixed reactions from brokerages
’s decision to enter a 50:50 joint venture with Japan’s JFE Steel Corporation to house the integrated steel business of its subsidiary has triggered a wave of analyst reactions, ranging…
Crude oil futures rise as Ukraine continues attacks on Russian oil infrastructure
futures traded higher on Thursday morning following continued Ukrainian attacks on Russian oil infrastructure. At 9.57 am on Thursday, February Brent oil futures were at $62.92, up by 0.40 per…
Let market forces decide MF investment in IPOs, says Nilesh Shah, MD, Kotak MF
Investors should not be perturbed about the social media debate on mutual fund investments in new age companies; they should allow market forces to function, says Nilesh Shah, Managing Director,…
Markets open flat as investors await RBI policy amid rupee weakness
Benchmark indices opened marginally higher on Thursday morning, with the rising 156.04 points or 0.18 per cent to ₹85,262.85 and the gaining 39.40 points or 0.15 per cent to 26,025.40,…
Nepal, India to discuss supply of aviation fuel through pipeline
Nepal is holding discussions with India on supplying aviation fuel through the cross-border petroleum pipeline to Nepal, officials said. Officials from the two countries are set to hold a meeting…
Rupee hits fresh low of 90.43/USD as outflows persist
The rupee on Thursday opened weaker, above 90 to the dollar level for the first time, and hit an intraday low of 90.43 in trading so far. Factors such as…