Insufficient rainfall in many parts of India could hit kharif crop sowing
As per IMD, 47% of the 716 districts from where the weather office gets its data recorded a ‘large deficiency’ of rainfall till June 22 while another 19% posted a ‘deficiency’.
US, India agree to end six WTO disputes, lift some tariffs
India also “agreed to remove retaliatory tariffs” on certain US products such as chickpeas, lentils and almonds, the US Trade Representative’s (USTR) office added in a statement. The USTR announcement came during a visit of Indian Prime Minister Narendra Modi to the United States, and both nations have also reached major deals on engines for […]
Ahead of Market: 10 things that will decide D-Street action on Friday
Indian equities ended lower on Thursday as heightened volatility caused small-cap and mid-cap stocks to decline following the US Federal Reserve Chair’s hawkish commentary. The Nifty settled below 18,800 levels, losing 0.45%. L&T, Divis Laboratories, HDFC twins and Bharti Airtel were the top gainers, while Tata Consumer Products, Asian Paints, Tata Motors, Bajaj Finance, and […]
7 new-age stocks recover from 52-week lows, surge up to 98%
India’s tech unicorns are back on track and have been rallying for the past few weeks
Debt or equity mutual fund: Which one should investors choose?
Debt mutual fund schemes have outperformed equity mutual funds in recent months, benefiting from inflows totalling INR 1.5 lakh crore ($22bn) during April and May, compared to just over INR 7,200 crores across all equity mutual fund categories. Adil Shetty, the CEO of BankBazaar.com, suggested that equity underperformance strayed from a variety of reasons: investor […]
SME IPO: Greenchef Appliances public offer to open on Friday. Here are 10 things to know
Greenchef Appliances is set to launch its initial public offering (IPO) on 23 June, with subscriptions closing just four days later. The firm make kitchen appliances, with gas stoves and pressure cookers among its key products. The kitchen appliances market in India is expected to grow at 8.7% CAGR between 2022 and 2026. Greenchef Appliances […]
These 7 financial services stocks touch their new 52-week high; gain up to 30% in a month
Tech View: Trend sideways to negative till Nifty crosses 18900. What traders should do on Friday
Indian benchmark index Nifty formed a bearish candle on the daily chart, indicating a short-term reversal pattern on the downside. It ended with an 85.6-point loss at just one point below its previous peak. The index should hold above 18,777 zones to witness upward movement towards 18,888 then 19,000 zones. Analysts predict immediate trading support […]
Bank of England raises rates by 50 bps to 5%, highest since 2008
BoE has increased interest rates higher than the predicted 0.25% increase, following the increase in British inflation and wages since its last meeting in May. The move, which is its biggest rate increase since February and takes the rate to its highest since 2008, was decided by a 7-2 vote by the Monetary Policy Committee
MCX Gold futures get cheaper than SGBs. Where should you invest?
Investors are advised to take advantage of the SGB Scheme 2023-24 subscription window, despite a fall in gold prices on MCX Gold Futures, according to analysts. The bonds are intended for long-term investment and the current dip in the price is short-term according to Prithviraj Kothari, CEO of RiddiSiddhi Bullions. The nominal value of the […]