Posts in category Economic Times
Rs 1,800 crore a day! Why FIIs are selling Indian stocks since Lok Sabha elections began (22-05-2024)
FIIs have sold Indian stocks worth Rs 37,700 crore since the Lok Sabha elections began on April 19, causing nervousness on Dalal Street. India VIX has increased by 67%. In contrast, DIIs have spent Rs 60,000 crore, holding strong amidst market volatility.
Rupee rises 7 paise to 83.24 against US dollar in early trade (22-05-2024)
The rupee rose by 7 paise to 83.24 against the US dollar, aligning with its fundamentals. Medium-term target projected to range between 82.80 to 82.50 levels. Dollar index was trading lower at 104.63.
Marico shares rise 1.43% as Nifty gains (22-05-2024)
The stock quoted a 52-week high price of Rs 612.65 and a 52-week low of Rs 486.75.
Gold Price Today: Yellow metal opens flat at Rs 73,930 per 10 grams, silver at Rs 94,306/ kg (22-05-2024)
Gold futures and silver contracts stayed near all-time highs as traders awaited signals on Federal Reserve policy. The prices hovered above key levels supported by safe-haven buying and the prospect of interest rate cuts from the U.S. Federal Reserve. Bullion and U.S. gold futures held steady, while the US Dollar Index hovered near the 104.64 mark.
Stock market update: Mining stocks up as market rises (22-05-2024)
The 30-share BSE Sensex was up 126.75 points at 74080.06
Bitcoin Pizza Day and the rise of crypto commerce (22-05-2024)
Bitcoin Pizza Day celebrates the first real-world Bitcoin transaction in 2010 when Laszlo Hanyecz, a programmer, paid 10,000 Bitcoins for two Papa John's pizzas. This event marked the rise of crypto commerce, as highlighted by Mr. CEO & Co-founder of Mudrex, a Global Crypto Investment Platform.
We are expecting copper prices to touch $11,500 in LME: Vandana Bharti, SMC Global (22-05-2024)
Vandana Bharti expects further upside in base metals with potential Fed rate cuts stimulating economic activity and demand. The de-dollarization trend and high CPI in the US are key factors driving copper and industrial metal prices higher.Bharti says: "We are expecting that in LME we can see a level of $11,500 and on COMEX, we are expecting $5.5 or $5.75 in copper."
Stock market update: FMCG stocks up as market rises (22-05-2024)
The 30-share BSE Sensex was up 134.24 points at 74087.55
Blockbuster debut! Indian Emulsifier shares list at 226% premium on NSE SME platform (22-05-2024)
Indian Emulsifier shares debuted on the NSE SME platform on Wednesday, opening at Rs 430, a significant premium of 225.8% compared to the issue price of Rs 132. The IPO, consisting of 32.11 lakh fresh equity shares, garnered immense investor interest, with a subscription rate exceeding 450 times at the close of the offering.
Share price of Adani Power rises as Nifty strengthens (22-05-2024)
A total of 668,990 shares changed hands on the counter till 10:10AM (IST).