In early trade on Monday, the rupee rose by 12 paise to 77.93 versus the US dollar, owing to lower crude oil prices. However, currency dealers claimed that unrelenting foreign money outflows, a lackluster trend in local stocks, and a strong US dollar overseas limited the gain. The rupee began strongly at 77.98 versus the […]
On Monday, oil prices fell more than $2 as a flare-up in COVID-19 cases in Beijing dampened prospects for a quick increase in China’s fuel demand, while concerns about global inflation and economic development weighed on the market. Brent oil futures were down $2.06, or 1.7 percent, to $119.95 a barrel at 0033 GMT, while […]
Steel company shares were hammered on Monday, plunging up to 14% on the BSE, after the government imposed export tariffs on 11 iron and steel intermediates and essential steel products. On practically all major steel products, the government imposed a 15% export levy (including stainless steel). However, to lower the overall cost of steel production […]
On Monday, the price of 10 grammes of 24-carat gold remains unchanged from yesterday’s rate of Rs 51,710, and the price of 1 kg silver remains stable from Sunday, at Rs 62,500 per kg. The price of 10 grammes of 22-carat gold stays steady on Monday at Rs 47,400. The price of 10 grammes of […]
Shares of Coal India (CIL) hit an over two-year high of Rs 205.55, up 4 percent on the BSE in Wednesday’s intra-day trade, surging as much as 10 percent in the past three trading days on the expectation of strong earnings. The stock of state-owned mining company traded at its highest level since January 2020. […]
The price of 10 grams of 24-carat gold decreased by Rs 210 on Wednesday to Rs 52,100, while silver became cheaper by Rs 400 per kg to Rs 68,000. Ten grams of 22-carat gold is trading at Rs 47,750 after falling by Rs 200. The price of 10 grams of 24-carat gold in Delhi and Mumbai stood at […]
Shares of PVR and Inox Leisure zoomed up to 20 percent on the BSE in Monday’s intra-day trade after they announced a merger between the two major multiplex owners, in an all-stock amalgamation of Inox with PVR. Shareholders of Inox will receive three shares of PVR in exchange for 10 shares in Inox. In trades so […]
Global stocks were caught in the crosshairs of Russia-Ukraine tensions on Monday, with India’s benchmark indices falling more than 3 per cent as the threat of an imminent war prompted investors to flee risky assets. Brent crude prices rose past $96 a barrel, the highest level in more than seven years, stoking concerns that they will […]
By Administrator_India Capital Sands Domestic stock indices nursed losses for the third consecutive session on Thursday as a lacklustre trend in global equities and concerns over stretched valuations sparked a retreat from risky assets. Banking and finance stocks bore the brunt of heavy selling, with HDFC twins being the top drags on the Sensex for […]
