UltraTech Cement: In today’s trading session, shares of UltraTech Cement, the flagship business of the Aditya Birla Group, saw a rise of 2.60% and reached a new all-time high of ₹8,960 per share. This followed the company’s announcement on Wednesday in an exchange filing that it had paid ₹169.79 crore to purchase Burnpur Cement Limited’s…
Steel Deficit: Even if local steel production and consumption have grown, there are still issues with the global market that affect India’s export environment as demand declines in important regions like Europe and Vietnam. India reported a trade deficit in steel shipments (value of imports surpassing exports) for the second year in a row due…
Stock News: Equity markets are expected to reopen on Tuesday following an extended holiday break, with a cautious outlook due to muted signals from international markets. As of 07:10 AM, Gift Nifty futures were listed at 19,857, in comparison to the NSE Nifty50’s closing figure of 19,795 on Friday. The US market closed in the…
BSE: New rules have been implemented by the Bombay Stock Exchange (BSE) for small and medium-sized businesses (SMEs) that want to transfer from the SME platform to the main board. In order to move to the main board, an applicant business must have a net value of at least ₹15 crore for the two previous…
Stock: New India Assurance has increased by 17% to Rs 204. On the BSE, General Insurance Corporation is up over 12% at Rs 297. Both equities reached 52-week highs. India’s Life Insurance Corporation is up 7% at Rs 662.The General Insurance Corporation of India has been given the India National Scale Rating (NSR) by the…
Commodity Capsule: On Tuesday, benchmark 10-year Treasury rates in the United States dropped to a two-month low. On Thursday, gold prices increased little, staying near the crucial $2,000 per ounce mark as a result of a declining US dollar and lower Treasury rates. After increases in the previous two days, the dollar was down 0.1%…
On November 24, state-owned Canara Bank is allegedly going to issue bonds valued at ₹5,000 crore. According to analysts in the market, these bonds which fall under the category of infrastructure bonds will mature on November 29, 2033, after a duration of ten years. With the option to retain oversubscription amounts up to ₹4,000 crore,…
The prospect of no further rate hikes by the US Federal Reserve is boosting the appeal of gold, which has risen to three-week highs. The yellow metal traded with a positive bias on Thursday, aided by a weak dollar. Taking cues from international prices, MCX December gold futures opened in the green at Rs 61,100…
Invest in or sell stocks today: The Indian stock market saw a strong comeback on Wednesday, closing higher for the second straight session thanks to gains in auto and IT stocks. The BSE Sensex gained 92 points and finished at 62,023 while the Nifty 50 index gained 28 points and closed at 19,811 levels. The…
Technical Analysis: Following disappointing US data, the USDCHF pair breached the low, but the strength of the bearish momentum is now diminishing. What can be expected in the next moves? USD CHF Technical Analysis of USDCHF – Daily Timeframe As the US Dollar was recently impacted by the dismal US statistics, we can observe on…
