The Reserve Bank of India sees CPI inflation at 2.4 percent for March quarter 2019, which was revised downward from 2.8 percent earlier. Last Updated : Apr 04, 2019 03:09 PM IST | Source: Moneycontrol.com Banking stocks witnessed profit booking on April 4 after the Monetary Policy Committee cut repo rate by 25 basis points. […]
Market Watch
Rupee rises for 3rd day; spurts 33 paise to 68.41 vs USD
At the Interbank Foreign Exchange, the rupee opened at 68.72 per dollar and advanced to a high of 68.37 during the day. It finally settled at 68.41, up 33 paise against its previous close of 68.74. Last Updated : Apr 03, 2019 06:45 PM IST | Source: PTI The rupee surged by 33 paise to […]
BSE gets nod to launch interest rates futures on overnight MIBOR
MIBOR rate is based on trade-weighted interbank call money transactions on the Negotiated Dealing System call platform of CCIL between 9 am and 10 am. PTI | Updated: Mar 27, 2019, 10.21 PM IST NEW DELHI: Leading stock exchange BSE Wednesday said it has received approvals to launch interest rates futures on overnight MIBOR (Mumbai […]
Vodafone Idea, Tata Metaliks among top gainers on BSE
Among the 50 components in the Nifty index, 35 shares were trading in the green, while 15 were in the red. ETMarkets.com | Updated: Mar 29, 2019, 09.37 AM IST NEW DELHI: The domestic equity benchmark BSE Sensex was trading 141.95 points up at 38,687.67 on account of buying in frontline bluechip counters. Shares of […]
Asian stocks inch higher on hopes of progress in US-China talks
MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent while Japan’s Nikkei rose 1.0 percent. Last Updated : Mar 29, 2019 07:49 AM IST | Source: Reuters Asian shares posted narrow gains on Friday on revived hopes of progress in US-China trade talks, while global bond yields moved higher after a prolonged […]
Sensex: After Market: Yes Bank, Jet above 200 DMAs; Mindtree down, PNB logs gain
NEW DELHI: Domestic equities lost steam on Wednesday, closing a volatile session in the red. After opening with strong gains, equity benchmarks Sensex and Nifty fell prey to profit taking in the second half of the session, a day before the expiry of March series of futures & options contracts. Lacklustre global cues further hit […]
Tata Power gains 2% on MERC nod to supply power from its Trombay plant
Last Updated : Mar 27, 2019 01:10 PM IST | Source: Moneycontrol.com The share touched its 52-week high Rs 89.50 and 52-week low Rs 59.90 on 02 May, 2018 and 09 October, 2018, respectively Shares of Tata Power Company gained 2 percent intraday on March 27 after the company received MERC approval to supply the […]
World Market – shares slip and bond yields fall, all eyes on central banks
* European Stoxx 600 slips 0.2 pct * German Bund yield falls to lowest in 2-1/2 years * Kiwi dollar slides as central bank flags possible rate cut * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh * Asian stock markets: tmsnrt.rs/2zpUAr4 (Updates prices throughout) By Tom Wilson LONDON, March 27 (Reuters) – Global equity markets […]
Kotak MF: List of FMPs exposure to Essel Group and IL&FS maturing in April and May
According to reports, HDFC FMP 1168D MF scheme is extended by the company by 380 days. ETMarkets.com|Apr 11, 2019, 07.23 PM ISTGetty ImagesThe financial crisis at Essel GroupSubhash Chandra-promoted Zee group’s has already affected debt investors of Kotak Mutual Fund, as the money manager has delayed the full redemption of its FMPs. Now, HDFC Mutual…
Ford Motor launches layoff program for Brazil’s Camacari plant
Ford previously said the plant was operating with about 700 excess workers. The plant employs 7,400 people in Camaçari, where it produces the compact Ka and mid-sized EcoSport SUV. Last Updated : Apr 10, 2019 08:13 AM IST | Source: Reuters – TFMNews The Brazilian unit of Ford Motor Company said it was initiating a […]
Motherson Sumi Systems slips as HSBC cuts price target
Last Updated : Apr 12, 2019 03:22 PM IST | Source: Moneycontrol.com According to HSBC, Q4 could be another slow quarter for the auto ancillary company but FY20/21 would be strong. ‘); $(‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ …
Indira Gandhi: Congress has been removing poverty since I was seven: Piyush Goyal
Chennai: Union Minister for Railways Piyush Goyal on Friday took a jibe at the Congress party and its president Rahul Gandhi for talking of a “surgical strike” on poverty. The Union Minister said that he has been listening to this from the Gandhi family since he (Goyal) was seven years old. “I was only seven…
oil: Oil slips from 5-month highs as economic worries counter tight market
SINGAPORE: Oil prices eased on Tuesday, slipping away from 5-month highs reached earlier in the session as a sluggish economic outlook countered an otherwise tight market. International benchmark Brent futures touched their strongest level since last November at $71.34 per barrel on Tuesday, before losing ground to $70.96 per barrel by 0158 GMT, down 14…
Saudi Kingdom Holding CEO says didn’t buy Aramco bonds
FILE PHOTO: Saudi Arabian billionaire Prince Alwaleed bin Talal attends the investment conference in Riyadh, Saudi Arabia October 23, 2018. REUTERS/Faisal Al Nasser/File PhotoABU DHABI (Reuters) – Prince Alwaleed bin Talal’s firm Kingdom Holding Co did not buy bonds of Saudi Aramco, its chief executive Talal Ibrahim al-Maiman said on Wednesday. He added that the…
Russia cashes in as European oil refiners pay for U.S. sanctions
MOSCOW (Reuters) – European refiners are paying the price for U.S. oil sanctions on Venezuela and Iran as they scramble to replace the sour crude Washington has blocked from the global market with increasingly expensive Russian oil, trading sources said and data showed. FILE PHOTO: A worker collects a crude oil sample at an oil…
Movers & Shakers: Mahindra Lifespace tops the charts, ITC’s 5-day average volume jumps 300%
Last Updated : Apr 12, 2019 03:36 PM IST | Source: Moneycontrol.com ITC was trading with volumes of 4,447,821 shares, compared to its five day average of 940,191 shares, an increase of 373.08 percent. The stock saw spurt in volume by more than 6.64 times. …
US-Trump-Immigration: Trump says he may send ‘Illegal Immigrants’ to Dem districts
WASHINGTON (AP) — President Donald Trump said Friday he is considering sending “Illegal Immigrants” to Democratic strongholds to punish congressional foes for inaction on border security— just hours after White House and Homeland Security officials insisted the idea had been rejected as fast as it had been brought up. “Due to the fact that Democrats…
US stocks: S&P 500 flat ahead of Fed minutes
Investors were also assessing a U.S. Labor Department report that showed consumer prices increased by the most in 14 months in March, although underlying inflation remained benign. The tame inflation environment and moderating economic activity support the Federal Reserve’s decision last month to suspend its three-year campaign to raise interest rates. “Amid increasing concern that…
Aramco bonds’ modest gains suggest demand was inflated: sources
DUBAI/LONDON (Reuters) – Saudi Aramco’s debut $12 billion bonds booked at best modest gains on Wednesday, their first trading day after some $100 billion in orders, suggesting part of the record-breaking demand was inflated, three banking and investment sources said. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil &…
North Korea convenes top-level meeting over ‘tense situation’: KCNA
North Korean leader Kim Jong Un called a full meeting Wednesday of a top committee of the ruling Workers’ Party to address what he described as the “prevailing tense situation”, state media reported.The gathering of the Central Committee comes after Kim’s Hanoi summit with US President Donald Trump broke up without agreement in…
iron ore: As Goldman backs off, Citi says chase iron ore rally to $100
Global iron ore prices have powered to multi-year highs this year.Bloomberg|Apr 09, 2019, 08.05 AM ISTReutersIron ore is not a demand story, it’s a supply story.Iron ore is poised to hit $100 a tonne, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand.…
New York plans to sue EPA over GE’s ‘incomplete’ Hudson River cleanup
NEW YORK (Reuters) – New York state officials plan to sue the U.S. Environmental Protection Agency for allowing General Electric Co to stop clearing the Hudson River of PCB contamination before the cleanup work was finished. FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on the podium at EPA headquarters in Washington,…
tyre industry: Tyre demand to grow 7-9% during FY19-FY23: Icra
The market would also continue to witness investments over the period of next three years, Icra added.PTI|Apr 11, 2019, 07.34 PM ISTReutersThe revenue growth for tyre industry is pegged at 14-15 per cent for 2018-19New Delhi: The domestic tyre demand is expected to grow in the range of 7-9 per cent over the five year…
