Stocks: GIFT The Nifty on the NSE IX closed 27.5 points, or 0.14 percent, higher at 19,857.5, indicating that Dalal Street got off to a good start on Wednesday. Here’s a list of stocks that will be in the spotlight today for various reasons. Titan Company Titan’s acquisition of an additional 27.18% share in CaratLane…
Forex dealers reported that despite widespread dollar weakness against its major crosses due to possible importer-related buying, the rupee hit new record lows on Monday. In early trade on Tuesday, the rupee bounced back from its record lows and gained 6 paise to 83.32 against the US dollar, tracking the US dollar’s depreciation in foreign…
The government has frequently tightened export controls to stop domestic price increases. The top exporter of rice in the world, India, is anticipated to keep imposing restrictions on exports well into next year. This is likely to keep the price of the staple grain near the highest levels since the 2008 food crisis. Over the…
Today’s day trading guide: On Monday, the Indian stock market continued to trade erratically. The BSE Sensex dropped 139 points to close at 65,655 while the Nifty 50 index finished 37 points lower at 19,694 points. The Nifty Bank index ended slightly higher at 43,584 points. Monday’s overall market saw a 0.37 percent gain in…
KPIT Tech saw a respectable increase following its breakout above the Rs 1,280 mark. The stocks have near-term support at about Rs. 1,420, and the next near-term target is visible at about Rs. 1,680-1700. OVERVIEW On Monday, domestic indices continued to decline into the second session due to profit-booking in some sectors and a dearth…
Today’s opening of the Nifty 50 and Sensex Indian stock market indices is probably going to be higher, tracking gains in global peers. The trends observed on Gift Nifty suggest that the Indian benchmark index is off to a good start. In contrast to the previous close of 19,750 for the Nifty futures, the Gift…
Sensex: On Monday, Indian shares fell, weighed down by losses in banking and financial stocks as investors assessed the impact of the central bank’s stricter rules for personal loans on lenders. As of 10:20 a.m. IST, the NSE Nifty 50 index and the S&P BSE Sensex were both flat at 19,731 and 65,746, respectively. The…
Currency: The Indian rupee was trading flat against the US dollar in early trade on Monday, despite a downward trend in domestic equities and continued dollar demand from importers. The local currency opened three paise higher at 83.24 per dollar, up from the previous close of 83.27. The dollar index, which measures the strength of…
Tata Technologies IPO: On November 22, 2023, a Wednesday of the following week, Tata Technologies Ltd.’s initial public offering is scheduled to launch on the Indian primary market. Tata Technologies’ IPO price range has been set by the Tata group company at ₹475 to ₹500 per equity share. Ahead of the subscription opening date for…
India saw an increase of 29.89% in oil meal exports in the first seven months of 2023–24, from 19.75 lakh tonnes (lt) in the same period in 2022–23 to 25.66 lakh tonnes (lt). In October 2023, the Solvent Extractors’ Association of India (SEA) reported that oilmeal exports reached 2.89 lt, up 36% year-over-year (y-o-y), from…
