Synopsis: “The market seems to be in good shape despite a significant run-up,” said Dharmesh Shah, head of technicals at ICICI Direct. “A break cannot be ruled out at the psychological levels of 21,000, which should not be looked at as a detrimental construction, but as a buying chance for traders.” Sensex reaches a new…
Bank of China eyes de-dollarization move The Bank of China office in Zambia is pushing for increased yuan transactions between the country and its neighbors. China’s only bank in Zambia, the state-owned company serves as a clearinghouse as well. In terms of assets, it is the fourth-biggest bank globally. As reported by Bloomberg, the bank’s…
Oil prices rebound Synopsis: “Oil markets may have been oversold,” according to a report from Tina Ting, a markets analyst with CMC Markets, suggesting the recovery is only a “short-term rebound.” Oil prices: recovered a portion of their losses in early Asian trade, but they were still at their lowest points since June. The previous…
Wall Street: With gains for four straight sessions, the S&P 500 recorded its largest one-day percentage gain since April. The three primary stock indexes on Wall Street surged almost 2 percent on Thursday, bolstered by positive quarterly financial reports and expectations that the U.S. Federal Reserve may have completed its rate-hiking campaign. The Fed held…
The markets open with the Sensex reaching a new high of 69,599 and the Nifty approaching 21,000. Benchmarks for the equity markets, the Sensex and Nifty, continued to rise for the seventh straight day on Wednesday, setting new records as a result of persistent buying by foreign institutional investors and a decline in the price…
rupee drops 4 paise to 83.41 In early trade on Tuesday, the rupee fell 4 paise to trade at 83.41 against the US dollar, amid increased importer demand for the US dollar. The local currency saw an opening value of 83.38 per dollar, up from the closing value of 83.37. The dollar index, which measures…
Stocks to buy this week: ITC, HUL, Concor and GAIL In intraday trading on Monday, December 4, the Nifty 50 increased by more than 2 percent to reach a new high of 20,702.65. This was due to the Bharatiya Janata Party (BJP) winning three important states on Sunday, which increased the party’s chances of winning…
Current Gold Rate: As yellow metal trades at historic highs After reaching all-time highs on the MCX and in global markets on Monday, gold continued to rise strongly on Tuesday. Prices are rising as a result of market predictions that interest rates will drop in 2019. This has hurt Dollar’s chances and raised the price…
Through a notice published on November 7, 2023, the finance ministry revised the rules governing early withdrawals from post office fixed deposit, often known as post office time deposits. As per the latest standards, it is not possible to prematurely terminate a post office fixed deposit (FD) with a five-year term that was started on…
The Axis Mutual India Manufacturing Fund, an open-ended equity strategy that embodies the Indian manufacturing concept, was recently launched by Axis Mutual Fund. The public subscription period for the program began on December 1, 2023, and it will end on December 15, 2023. Following the date of allotment, the plan reopens for continuous sale and…
