The Indian rupee slipped to its weakest closing level on Monday, pressured by a decline in its Asian peers while likely intervention by the Reserve Bank of India ensured the currency did not weaken more. The rupee closed at 83.9725 against the U.S. dollar, after closing at 83.9550 in the previous session. The currency hovered … Read more
Nifty ended Thursday with declines of 216.05 points 1% at 22,488.65 led by strong selling pressure in most sectors. The 50-stock index fell for the fifth straight session and is now trading below the crucial 21-day Exponential Moving Average (21EMA). “The recent decline has disrupted the positive momentum, with Nifty falling below its crucial short-term … Read more
Sebi’s new guidelines for managing stock price impact arising from market rumours will ensure that the share price used in the merger and acquisition (M&A), buyback, and other transactions are not artificially influenced by speculative market activities, experts said on Wednesday. Market rumours pertaining to a company’s business can create significant volatility in stock prices, … Read more
The turn of the 21st century was an exciting time, as the world was thrust into the futuristic-sounding year 2000. Toyota wanted to make a splash in the new millennium with its funky WiLL vehicles. Don’t beat yourself up if you don’t recognize these wacky little cars; they were only sold in small numbers in … Read more
Others including Global Health (4.2%) which runs the Medanta chain of hospitals, Krishna Institute of Medical Sciences, Fortis Healthcare, and Apollo Hospitals shed up to 4.2%.While the Supreme Court’s move comes as a negative surprise for the hospitals, their rich valuations have triggered panic among the investors who have scurried to book profits in these … Read more
2023 has been overall kind to crypto investors. Bitcoin (BTC) has led the surge with a yearly gain of 154%. In doing so, it has surpassed traditional markets like Nasdaq (45%), BSE Sensex (18%), and Gold (12%). Amidst the continuous evolution of blockchain technology and its burgeoning acceptance worldwide, a cohort of digital assets has … Read more
Benchmark Nifty 50 rallied over 8% in the December derivative series, clocking its best gains in a series since February 2021. This was also the highest series gain by the index in 2023. Further, foreign institutional investors significantly increased their net long positions, taking the long-short ratio sharply higher to 2.28 at the beginning of … Read more
Benchmark Nifty 50 rallied over 8% in the December derivative series, clocking its best gains in a series since February 2021. This was also the highest series gain by the index in 2023. Further, foreign institutional investors significantly increased their net long positions, taking the long-short ratio sharply higher to 2.28 at the beginning of … Read more