Global stock markets have been on a sustained bull run in spite of the shadow of the coronavirus pandemic that has entered second waves in many regions. Indian stocks too have continued their bull run ever since the Union Budget was announced. The Sensex and Nifty, India’s benchmark indices opened Friday on record levels, at …
After a steep 4-day dip, gold prices continued to struggle today as well. Gold futures on MCX rose 0.3% to Rs 46,857/ 10 grams, whereas silver rose 0.6% to Rs 67,239/kg. In the last session, gold had dropped Rs 1000 or 2%/10 grams while silver had dropped Rs 1500 or 2.1%/kg. The precious yellow metal …
In a key turn of events for the Indian and global market, the Securities Exchange Board of India (SEBI) banned Future Group founder and CEO Kishore Biyani from accessing the securities for one year. Why has this happened, and what are the repercussions? Let’s find out. Why the ban? The move is a result of …
International brokerage firm Jefferies India predicted strong performance from Nifty in 2021, expects the index to grow 12 percent to touch 15,800 points milestone in December 2021. Amid favourable global backdrop, the domestic equity market is expected to rally to generate a healthy 14 percent return. Mahesh Nardurkar, MD and head of Jefferies India said …
In what has been an unprecedented time for global economies, billionaires worldwide saw their wealth grow by a massive $3.9 trillion between March 18 and December 2020, according to Oxfam’s ‘Inequality Virus Report’ that was released at the World Economic Forum in Davos. The world’s billionaire wealth collectively touched $11.95 trillion, the report said. What’s …
The rise and fall of oil prices are crucial not just to the global economy but the markets as well. In India too, any change in oil prices is bound to have a ripple effect on the markets. Crude oil prices have been rising in the recent past; on January 19, crude oil prices stood …
As we prepare to pull the curtain over 2020, there are too many expectations from 2021. In the stock market, we can expect lots of action to take place. The stock market has made sincere efforts for recovery after experiencing a setback during the initial months, especially during the second half of the year. SENSEX …
It’s a high-stakes battle between US e-commerce behemoth Amazon and billionaire Mukesh Ambani owned Reliance Industries, as they try to hog India’s e-commerce space. Caught in this big battle is Kishore Biyani-led Future Group. In August 2020, Reliance Industries announced the acquisition of Future Group for Rs 24,713 crore in a bid to strengthen its …
Dent caused by the pandemic is showing in the company’s stock performance. ITC reported YOY decline in its profit during the June quarter report. Global decline in cigarette sales has also impacted the performance of stocks, which remained an underperformer for the last few months. However, last week, giving much relief to the investors, ITC …
In a recent trend, foreign portfolio investors are investing in the emerging economies rather than the developed economies and pumped in Rs 62,951 crores in November in the Indian market, the highest monthly FII inflow in 2020. National Securities Depository Limited (NSDL) published a report that marked foreign portfolio investors as the principal investor category …
