Mutual fund (MF) investors’ ability to invest in listed stocks was crippled by large public floats in May. As per an analysis done by Edelweiss Alternative Research, state-owned insurance major LIC and Softbank-backed logistics major Delhivery attracted MF investments worth Rs 4,065 crore and Rs 2,418 crore in May. …
On the radar: IPOs suck mutual fund liquidity in May, shows data Read More »
By Kavya Guduru (Reuters) – Gold gave up small gains in range-bound trading on Tuesday as the dollar resumed its climb and hit a 20-year high, eroding bullion’s safe-haven appeal on investor bets of aggressive rate hikes by the U.S. Federal Reserve. Spot gold fell 0.4% to $1,811.80 per ounce …
Gold eases as dollar resumes rally in run up to Fed rate hike decision Read More »
US stocks have entered a bear market and if history is any guide, it could be long and painful. This is the fourth such event for the S&P 500 Index over the past two decades. While the last bear market of 2020 was mostly a so-called shock trade brought about by the Covid-19 pandemic, earlier …
Wall Street’s latest bear market may be here to stay for a while Read More »
The continuous futures of zinc on the MCX (Multi Commodity Exchange) has been falling since the beginning of this month. The price action hints that the contract has resumed the downtrend after witnessing a rally, a corrective one, which resulted in zinc futures marking a high of ₹339.8 early this month. The contract is expected …
NEW DELHI: Ahead of the US Fed policy outcome, the Indian stock market remained weak and fell for the third consecutive day. Nifty ended the day with a loss of 42 points while the Sensex lost 153 points to end at 52,693.57. Here’s how analysts read the market pulse: “The daily RSI is in a …
Ahead of Market: 10 things that will decide D-St action on Wednesday Read More »
Oil prices rose about 2% on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. Brent crude futures rose $2.60, or 2.1%, to $124.87 a barrel at 1405 GMT, while U.S. West Texas Intermediate (WTI) crude rose $2.42, or 2% to …
Oil jumps 2% as tight supply outweighs recession, China demand fears Read More »
The Centre is likely to soon come out with a policy on the use of methanol as an alternative fuel, particularly for blending, the Methanol Institute’s Chief Representative of India Prakriti Sethi has said. “There will be some sort of policy soon and projects will come on board. We are very positive as we are …
Centre to come out with policy on methanol as alternative fuel soon Read More »
Washington: US central bankers opened their two-day policy meeting Tuesday amid a blistering inflation surge that has ignited predictions the Federal Reserve will approve the biggest interest rate hike in more than 27 years. Fed Chair Jerome Powell has signaled that policymakers were poised to implement another half-point increase in the benchmark borrowing rate this …
Fed begins meeting with massive hike possible amid price surge Read More »
Despite running India’s largest brokerage house, Zerodha founder Nithin Kamath has one regret. He has not been able to help his father, a retired executive from , to consolidate his investments and help him get rid of duds in his portfolio. The reason is that investments in stocks, mutual funds and insurance are spread across …
Zerodha founder Nithin Kamath’s next mission: Consolidate dad’s portfolio Read More »
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Oil marketing companies (OMCs) floated a tender on Tuesday for contracting around 112 crore litres of denatured anhydrous ethanol for blending with auto fuels. The last date for submitting bids is June 20. State-run Bharat Petroleum Corporation (BPCL) has floated the tender for the supply of ethanol in the Ethanol Supply Year (ESY) 2021-22, which …
OMCs float tender for 112 crore litres of ethanol for blending Read More »
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1. UPL LTD Buy At – 732Stop Loss – 726Target – 737 to 740 2. Granules India Buy At – 373Stop Loss – 370Target –
1. Larsen & Toubro Buy At – 1966Stop Loss – 1954Target – 1975 to 1980 2. Shriram Transport Buy At – 1254Stop Loss – 1238Target
1. Graphite India Sell Below – 392Stop Loss – 394Target -390 to 389 2. Balkrishna Industries Buy At – 2041Stop Loss – 2027Target – 2050
1. JSW Steel Limited Sell Below – 625Stop Loss – 630Target -620 t 618 2. Kotak Mahindra Bank Buy at – 1877Stop Loss – 1864Target
1. SHRIRAM TRANSPORT Buy At – 1389Stop Loss – 1380Target -1398 to 1402 2. TATA Motors LTD. Sell Below – 456Stop Loss – 459Target –
1. Axis Bank Buy At – 787Stop Loss – 782Target -792 to 795 2. Bharat Petrol Company Buy At – 341Stop Loss – 338Target –
