India’s palm oil imports hit 27-month low, buyers pick cheaper soft oils: Dealers
Palm oil imports by India fell to 441,000 tonnes last month, down 14% from 510,094 tonnes in April, according to average estimates from the dealers. May imports were the lowest since February 2021, the dealers added.
Stocks to buy today: Titan, RIL among top 7 trading ideas
The S&P BSE Sensex increased by over 200 points, while the Nifty50 closed just under 18600 points on Monday. The India VIX was slightly up, leading to it creating swings within a smaller range. On the options front, a broader trading range in between 18300 to 18800 zones is suggested while immediate trading range falls […]
ETMarkets Smart Talk: 40% of the family offices in India have approximately doubled their investments in private markets: Sumegh Bhatia
The foreign Portfolio Investors (FPIs), who were net sellers of Indian equities in the first three months of the calendar year 2023, have come back in a big way recently, having pumped north of INR 30,000 crore into Indian equities in the month of May itself.
What strategy Nithin Kamath follows to select a startup for investment
I mean, the only problem though is in a lot of these businesses where they have raised too much money, the incentive for founders to remain in the business when these valuation cuts happen reduces because at the end of the day, funding, you raise venture capital is in a way a glorified loan, in […]
Big Movers on D-Street: What should investors do with Tata Motors, HAL and Tata Chemicals?
Indian equity markets opened the week higher, supported by positive macro data and global trends. The S&P BSE Sensex went up by 240 points at 62,787 and Nifty50 was settled at 18,593 levels. Auto gained 0.92%, pharma was up 1.23%, capital goods climbed nearly 1.14%, while IT was a laggard. Tata Motors’ shares rose by […]
Gold steadies on hopes of Fed’s rate hike pause
A survey from the Institute for Supply Management showed the U.S. services sector barely grew in May as new orders slowed, pushing a measure of prices paid by businesses for inputs to a three-year low, which could aid the Fed’s fight against inflation.
Rate hikes are reasonably off the table for the moment: R Sivakumar
The RBI certainly seems to be on a pause mode. And in fact, global central banks also, especially the US Federal Reserve, also seems to be indicating that they would pause soon.
Saudi move to cut crude output pulls OMC stocks down further
Shares of state-owned OMCs retreated for the second straight day. Bharat Petroleum Corp (BPCL) ended nearly 1% lower at the end of Monday’s trading after falling as much as 1.4% earlier in the session. Shares of Indian Oil Corp (IOC) and Hindustan Petroleum Corp (HPCL) also settled lower after falling 1-2%.
Rupee sees biggest drop since March 14 on likely Fed hikes
The decision of the Organization of the Petroleum Exporting Countries (OPEC) to announce an oil production cut also hurt the rupee as importers rushed to lock in purchases of the dollar-denominated commodity.
JPMorgan starts real-time USD settlement pilot in GIFT City
The platform, called Onyx by JP Morgan and created in 2020, uses blockchain for wholesale payments transactions. Currently, clearing and settlement arrangements are carried out through banks’ overseas nostro accounts that are bound by weekends and currency holidays, JP Morgan said.