Shares of state-run Cochin Shipyard surged 10% to hit a new record high of Rs 2100 in Monday’s trade on BSE after the company reported multi-fold growth in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter on account of higher income. It had clocked Rs 39.33 crore profit in the … Read more
The Indian market hit a fresh record high on Thursday amid short covering following RBI’s record dividend payout to the government that could lead to better fiscal position and softer bond yields. The S&P BSE Sensex rose nearly 1,200 points to hit a record high of 75,499 while the Nifty50 closed at 22,967. “There was … Read more
Nifty today ended 69 points higher to form a bullish candle with a long tail, indicating strong buying interest. The index is now making a higher high on both daily and weekly charts. Nifty is holding its position above the previous resistance zone of 22,590, which is now acting as a crucial support level. Immediate … Read more
HYDERABAD: Out-dazzling itself with every passing day, gold scored a hat-trick of sorts on Thursday. The yellow metal’s price in the international market vaulted to yet another record high for the third straight day at $2,165-per-ounce, propelled mainly by US Federal Reserve chair Jeremy Powell’s dovish stance on interest rates. Historically, interest rates in the … Read more
Bitcoin just hit a record high of about $69,000, surpassing the peak it scaled in late 2021. It is back in the spotlight after the crypto industry persevered through two years of scandals. Bitcoin’s price has risen more than 300% since Nov 2022, a resurgence that few predicted when the price dropped to $16,000 that … Read more
LONDON: US and European stock markets rose Wednesday and gold hit a record high as the Federal Reserve kept alive expectations of rate cuts later this year and the British government unveiled a pro-growth budget.In volatile trading, gold touched 2,150, well above its previous high of $2,141.79 as expectations of lower interests rates hurt the … Read more
Bitcoin touched a record high on Tuesday, fueled by investors pouring money into U.S. spot exchange-traded crypto products and the prospect that global interest rates may fall. The world’s largest cryptocurrency hit a high of $69,202, topping November 2021’s all-time peak of $68,999.99. Investor interest has increased since the Securities and Exchange Commission approved 11 … Read more
NEW DELHI: Gold prices on Tuesday surged Rs 800 to hit a fresh record high of Rs 65,000 per 10 grams in the national capital amid strong global trends, according to HDFC Securities.In the previous close, the precious metal had closed at Rs 64,200 per 10 grams.Silver also rallied Rs 900 to Rs 74,900 per … Read more
BENGALURU: Shares of Indian food delivery platform Zomato hit a record high on Friday, as improving profitability paves the way for future growth, triggering a turnaround in investor sentiment.Zomato is the most-valuable internet stock in Asia’s third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). On Friday, its shares rose … Read more
NEW DELHI: The Nasdaq Composite Index soared to a record high on February 29, 2024, marking its first peak since November 19, 2021. The index advanced 144.18 points or 0.90% to close at 16,091.92, driven by investor enthusiasm for artificial intelligence, particularly impacting stocks like Nvidia.Following a significant downturn in December 2022, where the Nasdaq … Read more