U.S. stock futures were trading flat during Monday’s evening deals, after major benchmark indices finished the regular session higher ahead of the U.S. midterm elections on Tuesday. By 18:20 ET (23:20 GMT), Dow Jones Futures and S&P 500 Futures were flat, while Nasdaq 100 Futures ticked 0.1% higher In extended deals, Lyft (NASDAQ:LYFT) fell 14.2% […]
Tag: Market
California to Tax Biden’s Student Loan Forgiveness
What makes California’s decision somewhat surprising is that even though its existing statutes indicate taxability for student loan forgiveness, state consensus previously ran in the opposite direction. Nevertheless, according to the Tax Foundation, it has confirmed that discharged student loan debt will be taxed under current California law. Additionally, existing state provisions exempting student loans […]
The stock prices of MRPL and Chennai Petroleum have risen by 19% as a result of positive business prospects
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 […]
Shares of Adani Wilmar and Ruchi Soya Industries fell 5%
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, […]
Gokaldas Exports rises 9% to an all-time high, indicating a positive business outlook
On the back of a positive business outlook, Gokdaldas Exports’ stock hit an all-time high of Rs 505.65 on the BSE in intra-day trade on Wednesday. The company’s stock, which is in the textiles and apparel business, has surpassed its previous high of Rs 488, which it reached on May 5, 2022. It has outpaced […]
Oil gains 0.3% as a result of EU sanctions against Russia and a potential crude ban
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 […]
After US crude, fuel stocks indicate tighter supply, oil prices have risen 1%.
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 […]
The10 gm of gold is Rs 51,510, while the price of a kg of silver is Rs 62,700
On Tuesday, the price of ten grammes of 24-carat gold fell by Rs 1,280 to Rs 51,510, while the price of one kilogramme of silver fell by Rs 800 to Rs 62,700 per kilogramme. According to the Goodreturns website, the price of 10 grammes of 22-carat gold has dropped by Rs 1,190, and the precious […]
edible oil company’s stock has increased by 86% in the last four days.
In Thursday’s intra-day trade on the BSE, shares of Poona Dal & Oil Industries set a new high of Rs 103.15 and remained trapped at the 10% upper circuit on the back of hefty volumes. The edible oil company’s stock has soared 86 percent in the last four trading days, from a low of Rs […]
Reliance Industries has become the first Indian business to have a market capitalization of Rs 19 trillion
After reaching a new high, Mukesh Ambani’s Reliance Industries Ltd (RIL) became the first Indian listed firm to have a market capitalization of Rs 19 trillion. In an otherwise sluggish market, the stock set a record high of Rs 2,827.10, up 2% on the BSE in intraday trade on Wednesday. RIL’s market capitalization was Rs […]