The Sensex and Nifty made strong gains in early morning trade on Wednesday as oil and gas explorers rallied on supply concerns, while a red-hot inflation reading for March fuelled expectations for an interest rate hike in June. India’s retail inflation accelerated to near 7 per cent year-on-year in March, its…
Share prices of Tata Consultancy Services (TCS), Adani Green, and Paytm on Tuesday rose after stocks made hefty gains. In early morning trade, TCS share price rose over 0.26 per cent, Adani green energy ltd’s shares gained more than six per cent, and Paytm stock price rose by over 0.20 per cent. TCS SHARE PRICE…
The Sensex and Nifty opened in the red on Tuesday for a second straight session, ahead of domestic and US inflation data due later in the day. Investors are focusing on the earnings season for cues on the impact of a price surge on companies. The NSE Nifty 50 index was down 0.78 per cent or 138.25 points at 17,536.70,…
Vegetable prices have gone up rapidly in Delhi and other parts of the country. Amidst all, it is the price of lemon that has grabbed eyeballs. Prices of lemons have gone up as high as Rs 350 per kilogram. Hikes in petrol, diesel and CNG prices have resulted in increased transportation costs, which has been one of the…
Indian shares began the week on a feeble note, weighed by financial shares, with markets focusing on earnings from Tata Consultancy Services later in the day that will kick-off the March-quarter corporate results season. The NSE Nifty 50 index was down 0.3% at 17,733, as of 0346 GMT, while the S&P BSE Sensex fell…
When the crisis at IL&FS (Infrastructure Leasing & Financial Services) exploded in September 2018, many saw it as India’s Lehman Brothers moment, when the US investment banking firm collapsed ahead of the 2008 global financial crisis. The concern was that the fall of one of India’s biggest financiers of…
India’s largest private lender HDFC Bank’s $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the bank in the insurance sector, Reuters reported quoting analysts. The Reserve Bank of India, which acts as regulator for the financial industry, wants…
The share Allotment for Veranda Learning Solutions Initial Public Offering (IPO) is likely to be known today. Those who subscribed to the IPO must check their application status to ascertain whether they have been allotted shares or not. Veranda Learning Solutions IPO opened for subscription on March 29 and will close…
Sensex and Nifty dropped in early morning trade on Tuesday, as heavyweight financial stocks slipped, while fresh inflation worries due to rising global crude prices also weighed on sentiment. The equity benchmark S&P BSE Sensex fell 0.34 per cent or 203.63 points to 60,408.11, the NSE Nifty 50 index was down…
Russia is selling crude oil at discounted prices to India at a time when oil marketing companies have started increasing petrol and diesel rates across the country. Meanwhile, the government was closely monitoring global energy markets situation in the backdrop of evolving geopolitical events, Minister of State for…