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SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 58 points at the opening bell. Global markets: Overseas, Asian stocks are trading lower on Monday as concerns over aggressive Fed hikes reemerged. The Peoples Bank of China cut its one-year benchmark lending rate by 5 basis points and its five-year rate by 15 basis points, […]

COMEX Copper futures hit a one and half week near $3.70 per pound on sustained buying as traders eyed broad demand trends. The global copper market recorded a deficit of 341 kt in January to June 2022 which follows a deficit of 283 kt in the whole of 2021. Reported LME stocks (including off warrant stocks) at the end of June 2022 were 48 kt […]

Gold registered further decline on Friday to its lowest level in three weeks tracking good recovery in US treasury yields and dollar index. The US dollar was firm for the third day in a row as investors clung to the safe haven currency for respite. Meanwhile, a hawkish fed in its recent minutes and continued rate hike stance pushed treasury yields higher, supporting dollar. US […]

Larsen & Toubro (L&T): L&T announced the commissioning of a Green Hydrogen Plant at its AM Naik Heavy Engineering Complex in Hazira, Gujarat. The production of Green Hydrogen based on an alkaline electrolysis process has begun. The plant will produce 45 Kg of Green Hydrogen daily, which will be used for captive consumption in the companys Hazira manufacturing complex. Wockhardt: Wockhardt has engaged multiple USFDA […]

Profit booking may take place in some stocks

According to Paytm, all seven resolutions were duly approved with more than 94% of the voting. Among them were Sharma's pay for the following three fiscal years, the reappointment of Madhur Deora as executive director, president, and chief financial officer of the company, and Ravi Adusumalli, co-managing partner of early investor Elevation Capital, as a director of the company.

INR is likely to start on a weak note. Strength in dollar overseas added pressure on the Indian rupee that depreciated 19 paise to close at 79.64 (provisional) against the US dollar on Thursday. At the interbank foreign exchange market, the local currency opened at 79.60 and moved in a range of 79.60 to 79.71 during the day. It finally ended at 79.64 against the […]

After spotting smoke, the IndiGo flight 6E-2513's pilots requested an urgent landing from Kolkata ATC.

The US stock market finished choppy session deeply in negative territory on Friday, 19 August 2022, as investors opted to cash in on the recent strength in the markets amid caution ahead of next weeks economic symposium in Jackson Hole, Wyoming, for additional clues about the pace of future interest rate hikes, after Fed officials signals more hawkish rate hikes ahead. Recent comments from some […]

U.S. energy firms last week cut the number of oil and natural gas rigs for a third week in a row.The US oil and gas rig count, an early indicator of future output, fell by one to 762 in the week to August 19, energy services firm Baker Hughes Co said in its weekly report on Friday. U.S. oil rigs were unchanged at 601 this […]