The stock prices of MRPL and Chennai Petroleum have risen by 19% as a result of positive business prospects
In an otherwise sluggish market, shares of Mangalore Refinery & Petrochemicals (MRPL) and Chennai Petroleum Corporation (CPCL) soared up to 19% and touched 52-week highs on Tuesday’s session on the BSE amid strong volumes The fact that the Singapore gross refining margin (GRM) has risen to a new high of $25.2 per barrel is good […]
Bank of Baroda Expects ECB Inflows To Reduce As Iterest Rates Rise And The Currency Depreciates
According to Bank of Baroda, corporate India’s offshore fundraising through external commercial borrowings (ECBs) may reduce in the coming months as monetary policy tightens and the rupee continues to depreciate ECBs have become a significant source of funding for businesses, including public sector entities. In reality, as of the end of December 2021, ECBs amounted […]
India’s Foreign Exchange Reserves Have Plummeted By $1.7 Billion, Reaching A one-Year Low
According to Reserve Bank of India (RBI) data released on Friday, India’s forex reserves fell by USD 1.774 billion to USD 595.954 billion for the week ended May 6 due to a drop in core currency assets Overall reserves fell by USD 2.695 billion to USD 597.728 billion in the preceding reporting week, dropping below […]
Gokaldas Exports rises 9% to an all-time high, indicating a positive business outlook
On the back of a positive business outlook, Gokdaldas Exports’ stock hit an all-time high of Rs 505.65 on the BSE in intra-day trade on Wednesday The company’s stock, which is in the textiles and apparel business, has surpassed its previous high of Rs 488, which it reached on May 5, 2022. It has outpaced […]
Metal Stocks Rise On Renewed Demand Expectations; Hindalco And Vedanta Both Gain 7%
Individual stocks like as Vedanta and Hindalco Industries both rose 7% to Rs 307.70 and Rs 419.70, respectively. Apart from that, Hindustan Copper, National Aluminium Company, JSW Steel, and Tata Steel also had gains of The Nifty Metal index was the highest gainer among sectoral indexes at 10:36 a.m., gaining 4.4 percent versus 1.3 percent […]
As investors seek safe haven assets, the rupee hits a new all-time low
The rupee struck a new all-time low versus the dollar in early trade on Tuesday, trading at 77.78/$, as the dollar strengthened against other foreign currencies, prompting investors to seek safe haven assets This is the second trading session in a row that the Indian currency has dropped to new lows. The rupee. touched an […]
Today’s gold price is Rs 51,490 per 10 gramme, with silver at Rs 60,800 per kilogramme
On Friday, the price of 10 grammes of 24 carat gold increased by Rs 490 to Rs 51,490, while the price of 1 kilogramme of silver increased by Rs 400 to Rs 60,800 On Friday, the price of 10 grammes of 22 carat gold increased by Rs 450, bringing the price to Rs 47,200. The […]
Sebi penalises NSE, BSE for laxity in Karvy Stock Broking case
India’s markets regulator on Tuesday fined BSE Rs 3 crore and the National Stock Exchange (NSE) Rs 2 crore for “laxity” in detecting misconduct by Karvy Stock Broking The Hyderabad-based brokerage misused securities worth Rs 2,300 crore belonging to more than 95,000 clients by pledging them without authorisation, said the Securities and Exchange Board of India (Sebi). The firm […]
Policybazaar falls 8%, hits new low; stock tanks 52% in three months
Shares of PB Fintech, which operates online insurance broker Policybazaar and loan marketplace Paisabazaar, hit a new low at Rs 620.90, falling 8 per cent on the BSE in Thursday’s intra-day In the past two weeks, the stock has slipped 28 per cent after Yashish Dahiya, executive director and CEO, and Alok Bansal, whole time director and […]
Market Highlights: Sensex rises 460 points, Nifty end above 17,600-mark after RBI keeps rates unchanged
The benchmark equity indices on the BSE and National Stock Exchange (NSE) extended their gains for the third successive day, ending around 0.8 per cent higher on Thursday following the outcome of the Reserve Bank of India’s (RBI) monetary policy meeting where the central bank kept its key lending rates unchanged for the tenth consecutive time while […]
