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The headline equity indices tumbled over 1% each on Monday, mirroring negative global markets. After opening above 17100 mark, the Nifty 50 index corrected as the session progressed and ended below 16,900. Metals, auto and FMCG shares were under pressure. However, pharma and healthcare shares bucked the broader selling pressure. The barometer index, the S&P BSE Sensex, dropped 638.11 points or 1.11% to 56,788.81. The […]

The WTI Crude oil prices edged up impressively, adding onto latest string of gains as market focused on the supply dynamics. The oil cartel OPEC+ will likely consider an oil output cut of more than a million barrels per day (bpd) next week. This is keeping oil elevated despite weak equities. The WTI Crude oil futures are currently quoting at $82.91 per barrel, up 4.30% […]

Infosys will announced its second quarter results on 13 October 2022 around 3.45 p.m. Indian Standard Time (IST). Powered by Capital Market – Live News

Tata Consultancy Services has won the 2022 Microsoft Supplier of the Year award in the large supplier category. TCS was recognized for consistently delivering new capabilities with automation solutions that help improve accuracy for Microsoft, while also increasing its speed to market. TCS was cited for its expertise across industries that enables Microsoft to better serve customers, showcasing what it means to focus on strategy, […]

Sustained foreign fund outflows coupled with spike in crude oil prices weighed down the Indian rupee on Monday. The domestic currency fell by 49 paise to close at 81.89 (provisional) against the US dollar. Besides, a stronger greenback against key rivals also put pressure on the domestic currency. At the interbank foreign exchange market, the local currency opened weak at 81.65, fell further to 81.98 […]

GAIL (India) announced that Sandeep Kumar Gupta assumed charge as Chairman and Managing Director of the company with effect from 03 October 2022. Powered by Capital Market – Live News

NSE India VIX zoomed 6.99% to 21.37.

The launch of 5G services by the Honble PM is yet another momentous milestone in the nations economic journey and will facilitate both ease-of-doing-business and the ease of living, FICCI President Mr Sanjiv Mehta said. It will revolutionise digital sector and will also augment agriculture, disaster management, healthcare, education, logistics and transport, fintech, industry4.0 and is a big push for AatmNirbhar Bharat. Speaking on the […]

At 81.8700/8900 per Dollar

September saw the downturn in UK manufacturing output extend to three months, as companies cutback production in response to declining new order intakes. There was less positive news on the price front as well, with rates of inflation for input costs and output charges both accelerating. The seasonally adjusted S&P Global / CIPS UK Manufacturing Purchasing Managers Index? (PMI?) posted 48.4 in September, up from […]