Stock Market Highlights: Indian stocks were mixed on Friday, with a decline in financials stocks following the country’s central bank tightening regulations on consumer lending offsetting a rise in response to an improvement in the outlook for the U.S. a drop in oil prices and interest rates. Financial services, banks, and private banks all saw…
Commodity: During Thursday’s evening trade, the December gold contract on the commodities exchange MCX unexpectedly increased by ₹1,133 per 10 gm in just four seconds. Despite a steady dollar-priced gold market, this spike happened. Between 9:10 and 9:15 p.m., the “unusual” spike in gold prices caused them to reach ₹61,914 per 10 gm, sparking speculation…
US dollar & Rupee: Due to the strong greenback in international markets, the Indian rupee fell 2 paise to 83.25 against the US dollar on Friday. Comparing the local unit to its previous close, it opened flat at 83.23 per dollar. The dollar index, which measures the strength of the US dollar relative to a…
Tracking a mix of global cues, the Indian stock market indices, Sensex and Nifty 50, are likely to hold onto their gains and open higher. The Indian benchmark index is off to a good start, according to Gift Nifty’s trends. Compared to the Nifty futures’ previous close of 19,723, the Gift Nifty was trading at…
In the oil year 2022–2023 India imported about ₹1.38 lakh crore of edible oil, compared to ₹1.57 lakh crore in 2021–2022 and ₹1.17 lakh crore in 2020–21. India saw a growth of 17.39% in the amount of edible oil imported during the oil year 2022–23 (November to October) compared to 140.3 lt during the oil…
Indian stock indices are expected to open higher on Wednesday, following a sharp rally in Asian and US markets amid positive global cues. – Nifty 50 and Sensex Gift Nifty trends also point to a gap-up start for the Indian benchmark index. The Gift Nifty was trading around the 19,743 level, compared to the previous…
Holiday in the Stock Market: Due to Diwali Balipratipada, the Indian stock market will be closed today, November 14, 2023. The SLB segment, equity derivatives segment, and equity segment will not be open for trading. Additionally closed to trading today is the currency derivatives market. The Multi Commodity Exchange (MCX) will not open for trading…
Diwali 2023: BHEL (Bharat Heavy Electricals Ltd), GAIL Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Hero MotoCorp Limited, United Spirits Ltd (MCDOWELL-N), State Bank of India (SBIN), Tata Consumer Products Ltd, and UltraTech Cement Ltd continue to be PhillipCapital’s top technical DIWALI PICKS- (YEAR-2023). About BHEL, PhillipCapital has set first and second target prices…
Commodity Market: India will probably have to import 2.2 million cotton bales, a three-year high, as a result of this decreased production. According to the International Cotton Advisory Committee (ICAC), a 3 percent rise in global production has caused cotton prices to drop to a 12-month low, reaching 25.41 million tonnes. To 23.35 million tonnes,…
M&M Q2 Results Preview: M&M will release its financial results for the second quarter of fiscal year 24 today. The passenger vehicle (PV) and commercial vehicle (CV) manufacturer is expected to see decent revenue growth in Q2FY24 on the back of strong volumes, but margins may remain under pressure sequentially due to an unfavorable mix….
