Anil Sarin of Centrum PMS says India has always been an expensive market, but this is justified due to attractive historical stock returns and higher earnings growth. One has to look at mid-cap and small-cap space individually, instead of focusing on headline valuation, says Anil Sarin of Centrum PMS as many sectors and segments are in […]
Mikhail Gorbachev, the final leader of the Soviet Union and a reformer who helped end the Cold War and lead his country from communism to capitalism, died Tuesday at 91, according to the Gorbachev Foundation. “Mikhail Sergeevich Gorbachev died this evening after a serious and long illness,” the Central Clinical Hospital reported, according to the Interfax […]
In an otherwise sluggish market, shares of Mangalore Refinery & Petrochemicals (MRPL) and Chennai Petroleum Corporation (CPCL) soared up to 19% and touched 52-week highs on Tuesday’s session on the BSE amid strong volumes. The fact that the Singapore gross refining margin (GRM) has risen to a new high of $25.2 per barrel is good […]
In Wednesday’s session on the BSE, shares of Adani Wilmar (AWL) and Ruchi Soya Industries fell 5% as investors booked profits on these stocks, a day after the government freed imports of 2 million tonnes of soybean and sunflower oil from customs tax and Agri cess. The effective tariff on crude palm oil, crude soybean, […]
Oil prices rises on Thursday, extending gains from the previous session, as a European Union plan for more penalties against Russia, including a six-month oil embargo, countered concerns over Chinese demand. By 0209 GMT, Brent crude futures had risen 35 cents, or 0.3 percent, to $110.49 a barrel, while West Texas Intermediate crude futures had […]
Oil prices jumped at the start of Asian trading on Wednesday, despite fears about slowing demand from top importer China, after industry reports revealed drawdowns in U.S. crude and fuel stockpiles, heightening supply concerns and offsetting concerns about slowing demand from China. By 0223 GMT, Brent crude futures had risen 89 cents, or 0.9 […]
After the stock of Gautam Adani-led edible oil giant Adani Wilmar (AWL) achieved a record high of Rs 802.80 on the BSE in Tuesday’s trade, it joined the select group of companies with a market capitalization (m-cap) of Rs 1 trillion. According to BSE data, at 10:40 a.m., AWL was ranked 50th with a […]
Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation. Brent crude, the global benchmark, fell $5.91, or 5.22%, to settle at $107.25 a barrel, while U.S. West Texas Intermediate dropped $5.65, or 5.22%, to settle at […]
equity mutual funds (MFs) clocked inflows in February when markets were volatile. Data from the Association of Mutual Funds in India (Amfi) shows that equity funds saw net inflows of Rs 19,705 crore, with most flows going to Flexicar and sectoral funds. The net inflows numbers indicate investors’ desire to continue despite a sharp fall in Indian […]
The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe. Forex traders said sustained foreign fund outflows, a lackluster trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at […]