Gold prices: Central banks around the world have been buying gold at an unprecedented rate, pushing gold demand (excluding OTC) to 1,147 tonnes in the July-September quarter, 8% higher than the five-year average, according to a new report. According to the World Gold Council’s Q3 Gold Demand Trends report, net central bank buying reached 337…
SBI Q2 Results:: State Bank of India reported an 8% year-on-year (YoY) increase in net profit for the quarter ended September 2023 to Rs 14,330 crore, which was lower than the Rs 14,500 crore predicted by ETNow. Net interest income (NII), which is the difference between interest earned and interest expended, increased by more than…
Today’s Nifty 50 & Sensex: The Nifty 50 & Sensex, the benchmark equity indices in India, are anticipated to begin trading higher on Friday due to encouraging global cues following a dovish US Federal Reserve. The trends observed in Gift Nifty also suggest that the Indian benchmark index is off to a strong start. The…
People can obtain a Triple Lock Receptacle (TLR) form from the RBI by depositing two thousand rupees in their bank account. For credit in their bank accounts, people can mail their Rs 2,000 banknotes to designated Reserve Bank regional offices via insured mail. For those who are unable to visit the Reserve Bank’s regional offices,…
Even though the world’s steel output slightly decreased in September 2023, Indian steel output increased by 18.2%. In September 2023, the world’s crude steel production fell 1.5% to 149.3 million tonnes (mt) from 151.7 mt in the same month the previous year. Production in the 63 countries that make up 97% of the world’s steel…
LPG price increase: Commercial LPG cylinder prices were raised by ₹100 by Oil Marketing Companies (OMCs) at different locations across the nation. It should be emphasized that this is the second increase in prices for commercial LPG cylinders in the previous two months. Starting on November 1, the increase will be implemented. While the price…
Currency News: As of 11:08 a.m. IST, the rupee was slightly weaker than it was in the previous session, trading at 83.27 against the US dollar. As traders predicted, the Reserve Bank of India’s defense of the rupee will eventually become unsustainable, and the currency is likely to break out of rangebound trade. Despite ongoing…
Sensex Today: The early trade on Wednesday saw a decline in equity benchmark indices as a result of continued outflows of foreign funds and weakness in banking, financial, and metals stocks. Ahead of the US Federal Reserve’s interest rate announcement, traders reported that investors favored staying out of the market. The biggest laggards amongst the…
Nifty 50 and Sensex – Tuesday’s opening of the Indian stock market is predicted to be flat, following mostly positive global cues. The Indian benchmark index has had a mediocre start, according to Gift Nifty’s trends. Compared to the Nifty futures’ previous close of 19,234, the Gift Nifty was trading at about 19,220. The benchmark…
In the first hour of trading on Tuesday morning, November crude oil futures were trading at ₹6891 on MCX, up from the previous close of ₹6880. Tuesday morning saw a rise in the price of crude oil futures as market participants kept an eye on the geopolitical unrest in the Middle East. On Monday, the…
