Sensex, Nifty close higher as Reliance, Kotak Mahindra Bank gain

Indian shares recovered early losses to end higher on Monday, boosted by gains in Reliance, Kotak Mahindra Bank and technology stocks, while world markets were steady on hopes the new coronavirus variant would likely be mild. Earlier in the day, the benchmark indexes fell more than 1% to hit three-month lows. The…

Some cryptocurrency firms in India see dip in new customer sign-ups

Indian cryptocurrency exchanges have witnessed a drop in the number of new individuals signing up on their platforms in light of the new cryptocurrency bill, which will be tabled during the Winter Session of Parliament. Potential cryptocurrency investors are staying put at the moment, due to a growing buzz that the…

Paytm’s Q2 net loss widens: Here’s what brokerages said

Shares of One97 Communications, Paytm’s parent firm, faced some turbulence on the stock market on Monday after the company reported its second quarter financial results. The company reported a 64 per cent year-on-year rise in revenue, while net loss widened by 8 per cent to Rs 473 crore. Though the…

No proposal to recognise Bitcoin as currency in India: Govt

The government has come out with a statement saying it has not made any proposal to recognise Bitcoin, the most popular cryptocurrency in the world, as a legal currency in India. The Ministry of Finance’s written reply was in response to a question asked in Parliament during the first day of the Winter Session. The…

Sovereign Gold Bond Scheme opens today: Check price, discounts, tenure and other details

The Series VIII of Sovereign Gold Bond Scheme 2021-22 will open for subscription from Monday, November 29, 2021. The subscription window will open today and will continue for five days till December 3, 2021. The issue price for the eighth tranche has been fixed at Rs 4,791 for one gram, as per the notification by the…

Cryptocurrency prices today: Bitcoin, Ether rise sharply as virtual coin market gains momentum

Cryptocurrency prices shot up over the past 24 hours as the market gained momentum, following a sharp selloff due to concerns over the new Omnicron variant of coronavirus. Bitcoin, the world’s most popular cryptocurrency, was trading at 57,464.33 or 5.70 per cent higher than its price 24 hours ago at 11:55 am. The…

Explained: Why Paytm shares fell sharply in early trade

Shares of One97 Communications Limited, the parent firm of Paytm, fell sharply in early trade on Monday after the company reported its Q2FY22 results. Paytm shares declined 4.6 per cent in early trade, but have made up some ground. Paytm shares traded 0.22 per cent lower at Rs 1,778 on the National Stock Exchange (NSE)…

Gold, Silver prices today: Precious metals record hike on MCX| Check latest rates here

On November 29, gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX). Witnessing a hike of Rs 195 or 0.41 per cent, gold futures, maturing on December 3, 2021, are trading at Rs 47,700 per 10 grams on the MCX. Meanwhile, recording a marginal hike of Rs 623 or 1.00 per cent, silver…

Petrol, diesel prices: Fuel rates remain unchanged for 25th consecutive day | Check latest rates here

The state-run oil marketing companies (OMCs) have kept the prices of petrol and diesel unchanged on Monday, November 29, 2021, marking stability in fuel rates for 25 consecutive days. Earlier on November 4, the government had slashed excise duty on petrol and diesel to bring rates slightly down from record-high levels.…

Sensex, Nifty rebound after falling amid volatile trade

Indian shares extended their slide on Monday, after seeing their biggest fall in seven months in the previous session, as autos, metal, and energy stocks led losses amid concerns around the Omicron variant of the coronavirus. The blue-chip NSE Nifty 50 index was down 1.2% at 16,826.10 by 9:21 am, while the benchmark…