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 […]
Tag: Market
Oil falls 5% to 107.25 dollar per barrel after IMF cuts growth outlook
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 […]
Oil hit by Shanghai shutdown; yen sinks as BOJ defies the yield tide
Asian shares faltered and oil prices slid on Monday as a coronavirus lockdown in Shanghai hit economic activity, while the yen extended its stomach-churning descent as the Bank of Japan stood in the way of higher yields. China’s financial hub of 26 million people told all firms to suspend manufacturing or have people work remotely in a two-stage lockdown over […]
Global oil prices fall most in 2 years as UAE supports output hike
Global oil prices fell on Wednesday by the most in nearly two years after OPEC member the United Arab Emirates said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude futures settled down $16.84, or 13.2%, at $111.14 a barrel, their biggest […]
Equity funds get Rs 19,700 crore in Feb as markets volatility continues
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 […]
Rupee slumps 49 paise to 75.82 against US dollar in early trade
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 […]
Gold trading at Rs 50,180 per 10 gm today; silver is at Rs 64,300/kg
Ten grams of 24-carat gold is selling at Rs 50,180 on Thursday, down Rs 280 since the last trade as demand dips for the safe-haven bullion. Gold of 22 carats is selling at Rs 46,000, down Rs 250 from Wednesday according to the Goodreturns website. One kg of silver is selling at Rs 64,300, down Rs 100 from […]
What are the best strategies for Intraday Trading?
Many investors feel that Intraday trading needs a lot of action. However, the truth is that only 10% of the action is needed. The remaining is just sitting and watching. Day trading can be profitable if an investor has the patience to go through the price fluctuations without getting carried away. But, for beginners, it […]
Indian markets close sharply higher amid easing geopolitical tensions
The benchmark indices rebounded on Tuesday, recouping all of previous day’s losses, on reports of de-escalation of tensions between Russia and Ukraine. The news came as much-needed relief to equity markets which were rattled after a massive mobilisation of the Russian army around Ukrainian borders led to fears of an invasion and a standoff between the US and Russia. The […]
Bank, NBFC shares rally as RBI surprises with a dovish monetary policy
Shares of banks and non-bank lenders went on the fast lane after the Reserve Bank of India’s Monetary Policy Committee retained the key rates unchanged and maintained its accommodative stance on February 10, contrary to expectations of some economists. The central bank’s projection of a decline in inflation in the second half of the next […]