Posts in category Business Standard
Gold price dips Rs 10 to Rs 71,660, silver falls Rs 100 to Rs 91,400 (10-06-2024)
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 65,690
India’s Forex Reserves Hit All-Time High of $651.51 Billion (10-06-2024)
For the week ended May 31, foreign currency assets, a major component of the reserves, increased by $5.065.51 billion to $572.564 billion.
Stocks to Watch, June 10: Mphasis, Tata Motors, Adani Green, Samvardhana (10-06-2024)
Stocks to Watch today, June 10: Reports suggest BCP Topco IX Pte, an affiliate firm of Blackstone Group, will likely sell up to 15 per cent stake in Mphasis via block deals on Monday
Stock Market LIVE: Indian stocks may see lower start, indicates Gift Nifty, Asian cues mixed (10-06-2024)
Stock Market LIVE on June 10: Indian bourses are likely to see a flat to negative start to the week on Monday tracking mixed global cues
Stock market guide for June 10: Nifty eyes new high; Asian shares mixed (10-06-2024)
All you need to know before the market opens on Monday, June 10: Gift Nifty hinted at tepid start to the trading action; The US Fed meet and inflation data to be in focus in the week ahead.
Buy & Sell Ideas for June 10: Top two stocks picked by Anand Rathi (10-06-2024)
After a period of consolidation in the approximate range of Rs 505-530, UPL has successfully broken out of a bearish trendline that had persisted for 5 months
Is it a good time to sell Nifty 50, MidCap Select index? What charts say (10-06-2024)
The NIFTY 50 Index is currently trading at 23,290.15. Although the overall trend remains bullish, recent volatility has disrupted the near-term pattern, evidenced by large candlestick formations
Market crash? Retail investors snap up shares worth nearly Rs 21,200 crore (09-06-2024)
NSE clocked volumes of a record Rs 2.71 trillion in the cash market segment on Tuesday, the election verdict day
Fed rate, US inflation, global cues to drive markets this week: Analysts (09-06-2024)
The US Fed interest rate decision, domestic inflation data and global trends would be key driving factors in dictating movement in the market this week, as the Lok Sabha elections outcome and the RBI policy decision are behind us, analysts said.
The past week was a roller-coaster ride for investors as markets swung sharply in both directions before closing with strong gains.
In an eventful week, the BSE benchmark jumped 2,732.05 points or 3.69 per cent and the Nifty zoomed 759.45 points or 3.37 per cent.
The 30-share BSE Sensex jumped 1,720.8 points or 2.29 per cent to hit a new record peak of 76,795.31 in day trade on Friday. The benchmark ended at a record high of 76,693.36, up 1,618.85 points, or 2.16 per cent.
"Now the Lok Sabha elections and the RBI policy decision are settled, attention now turns to global factors. Key areas to watch include the US Fed interest rate decision, the rupee's movement against the dollar, crude oil prices and commodity prices.
"Additionally, ...
FPIs take out Rs 14,800 cr from domestic stocks after election results (09-06-2024)
Foreign investors withdrew nearly Rs 14,800 crore from domestic stocks in the first week of this month, influenced by India's Lok Sabha election results and attractive valuations of Chinese stocks.
The outflow came following a net outflow of Rs 25,586 crore in May on poll jitters and more than Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields.
Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, while they took out Rs 25,743 crore in January, data with the depositories showed.
From a medium to long-term perspective, the direction of interest rates will remain a key driver for foreign investment flows into the Indian equity markets.
According to the data, Foreign Portfolio Investors (FPIs) made a net withdrawal of Rs 14,794 crore this month (till June 7).
The general election results in India significantly influenced foreign investor flows in Indian equity marke