US dollar clings to gains as bets on further Fed hikes firm
The dollar fought for a footing in choppy trade on Thursday, with support from upbeat U.S. data and hawkish policymaker comments, while the prospect of higher energy prices helped exporters’ currencies and weighed on those of importers. The dollar rose 1% on the euro and 1.3% on sterling overnight and was trying to hold those […]
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 […]
The Sensex Drops 236 Points In Turbulent Trade, Reversing Early Gains
On Tuesday, equity indices failed to hold onto their morning gains, with the Sensex dropping 236 points due to a sell-off in information technology firms and negative global market trends The opened higher but was unable to maintain its gains, falling 236 points, or 0.43 percent, to 54,052.61. It traded between 53,886.28 and 54,524.37 during […]
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 […]
Sensex Stops 6-Day Losing Streak With A 180-Point Gain; DMart Rallies 10%, ACC 4%
On Monday, equity markets closed a bumpy day in the green, increasing for the first time in seven days, as global markets backed up the trade sentiment. The benchmark S&P BSE Sensex fluctuated between 796 points and 52,974 points, or 0.34 percent higher. On the other side, the NSE Nifty closed at 15,842, up 60 […]
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 […]
