Sensex, Nifty off to a positive start on 1st trading session of 2022

Indian shares opened higher on Monday, lifted by strong performance in auto stocks following monthly sales data, even as investors remained cautious over the spike in Omicron cases in the country during the holiday weekend. With several markets in Asia and Europe closed, trading volumes in India were thin and most…

Gold, silver prices today: Precious metals slightly drop on MCX | Check latest rates here

Both gold and silver were trading on the lower side of the Multi Commodity Exchange (MCX) on Monday. Witnessing a marginal drop of Rs 38 or 0.05 per cent, gold futures maturing on February 4, 2022, were retailing at Rs 48,050 per 10 grams on the MCX. Meanwhile, the rate of silver futures, maturing on March 4, 2022,…

GST Council Meet: Higher tax on textiles, footwear likely to be put on hold

The 46th GST Council meeting is underway and some key decisions are likely to be taken by the members. Rate rationalisation seems to be one of the key agendas of the meeting¬†and the Group of Ministers (GoM). Finance Minister Nirmala Sitharaman will hold a press conference at 3 pm to announce the decisions taken…

Petrol, Diesel prices today: Fuel rates constant on December 31| Check the latest rates in major cities

On December 31, 2021, fuel rates remain constant across the nation. The state-run oil marketing companies have kept the prices of petrol and diesel unchanged on Friday. It has been more than a month now since petrol and diesel prices have seen any changes. Right now, petrol is retailing at Rs 95.41 in Delhi whereas…

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

On Friday, December 31, 2021, both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX). Witnessing a marginal hike of Rs 38 or 0.08 per cent, gold futures maturing on February 4, 2022, are retailing at Rs 47,974 per 10 grams on the MCX. Meanwhile, the rate of silver futures, maturing on…

Sensex rises above 58,000, Nifty cross 17,300 on last session of 2021

Benchmark equity indices rose sharply on Friday, making a strong opening on the final session of calendar year 2021. The S&P BSE Sensex opened 300 points higher to reclaim 58,000 while the NSE Nifty 50 crossed 17,300 after rising 100 points. At 10:15 am, Sensex was up over 400 points while Nifty was trading nearly…

RBI warns of bad loan spike if Omicron triggers economic disruption

Gross bad loans of banks may rise from 6.9 per cent in September 2021 to 8.1-9.5 per cent by September 2022 if the Omicron variant strikes the economy hard, as per the financial stability report of the Reserve Bank released on Wednesday. The report also said that the rising stress level in the retail loan portfolio of…

RBI extends restrictions on PMC Bank for 3 months till March 2022

The restrictions on Punjab and Maharashtra Cooperative (PMC) Bank has been extended for another three months till the end of March next year. Reserve Bank of India (RBI) has extended the restrictions as further action on the draft scheme for the takeover of the crisis-hit bank by the Delhi-based Unity Small Finance…

Petrol, diesel price today: Fuel rates kept unchanged on December 29| Check rates in Delhi, Mumbai and other cities

The prices of petrol and diesel were kept unchanged across the country on Wednesday, December 29, 2021, by the state-run oil marketing companies (OMCs). While petrol is retailing at Rs 95.41 in Delhi, diesel prices have remained unchanged at Rs 86.67 per litre in the national capital. In the financial capital of India,…

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

After trading on the higher side on the Multi Commodity Exchange (MCX) on Tuesday, both gold and silver are trading on the lower side today. On December 29, 2021, with a dip of Rs 48 or 0.10 per cent, gold futures maturing on February 4, 2022, are retailing at Rs 48,012 per 10 grams on the MCX. Meanwhile, silver rates,…