The overall forex kitty had jumped by USD 5.248 billion to a high of USD 689.235 billion for the previous reporting week ended on September 6.
Posts in category Business Standard
Gold falls Rs 10, silver down Rs 100; yellow metal trading at Rs 75,920 (23-09-2024)
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 69,590
Stock Market LIVE Updates: Sensex up 200pts at 85,700, Nifty at 25,900; PSU Bank, O&G, Auto gain (23-09-2024)
Stock Market LIVE Updates: India equity benchmark indices started at fresh record highs on Monday, driven higher by gains in Asia markets.
Market today: GIFT Nifty up 150 pts; here’s your trading guide for Sept 23 (23-09-2024)
The US Federal Reserve’s core inflation data slated to be released on Friday will be eyed closely for further cues on rate cuts
Osho Krishan of Angel One recommends buying Marico & JSW Energy on Sept 23 (23-09-2024)
Marico has showcased a strong resurgence from the pivotal support of the previous breakout on the daily time frame chart and has soared to record-high levels.
Stocks To Watch: HDFC Bank, Adani Total, Max Health, IIFL Finance, APSEZ (23-09-2024)
Stocks to Watch: Indian markets were likely to start on a positive note on Monday, as indicated by GIFT Nifty futures that were at 25,900, around 150 points ahead of Nifty futures’ last close.
Jigar S Patel of Anand Rathi suggests buying these stocks on September 23 (23-09-2024)
Recently, Adani Power broke through a key bearish trendline on the daily chart, suggesting a potential reversal in momentum from its previous downtrend.
Sell Nifty50, MidCap Select on the rise; Check support & other levels here (23-09-2024)
The Nifty 50 Index remains bullish but overbought, indicating a possible near-term correction or profit booking.
Complaint against Sebi chief falls short of persuading us to probe: Lokpal (22-09-2024)
Anti-corruption ombudsman Lokpal has said that a complaint by a Lok Sabha MP alleging impropriety and conflict of interest by capital markets regulator SEBI’s chairperson, Madhabi Puri Buch “falls short” of persuading it to order any probe.
While deciding on two complaints filed by different individuals on the basis of a report by US-based “activist short-seller” Hindenburg Research, it asked the complainants to file affidavits mentioning details of the efforts made by them “to verify the authenticity and credibility of the claims in the recent report of Hindenburg Research published on 10.08.2024.”
It also asked them to articulate the allegations against the “person concerned” which may constitute an “offence of corruption” within the ambit of the Prevention of Corruption Act, 1988, ‘provision wise’, as per the Lokpal’s order dated September 20, which was put up in public domain “to obviate the possibility of speculation and misinformation including politicisation of the …
Ex Sebi chief to head panel on ending monopolies in gas transmission (22-09-2024)
Oil regulator has formed a committee under former Sebi chairman Ajay Tyagi to recommend ways of ending monopolies enjoyed by companies engaged in both transportation and marketing of natural gas and city gas retailing.
The eight-member committee has been asked to give its recommendations on splitting entities engaged in both transportation and marketing of natural gas, and ending the monopolies of city gas retailers where required, the Petroleum and Natural Gas Regulatory Board (PNGRB) said in an order.
The panel has been asked to submit its report in three months.
In mature markets, energy infrastructure is operated on a common carrier principle that gives access to third parties. Any user or supplier could access any gas pipeline, irrespective of who owns it. But that is not the case in India with users and suppliers often complaining of not getting access.
The government had a few years back considered splitting state-owned gas utility GAIL (India) Ltd by hiving off its pipeline