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MCX Copper futures have slipped from the upper Bollinger Band on daily charts and extended losses for third consecutive session. The counter also tested 50 day Exponential Moving Average (EMA) before the current slide. The counter currently quotes around Rs 663 per kg mark. On the hourly chart, the contract has now taken support of lower Bollinger Band for the third time in todays session. […]

Life Insurance Corporation of India has diluted its stake in United Nilgiri Tea Estates Company from 11.702% to 9.632%. Powered by Capital Market – Live News

UK house price inflation eased notably in June, the Office for National Statistics reported. Average house prices grew 7.8 percent on a yearly basis in June, following Mays 12.8 percent increase. The ONS said annual house price inflation slowed due to the rises in prices seen in June 2021, which were the result of tax break changes. Average house prices totaled GBP 286,000 in June, […]

The domestic equity barometers ended with stellar gains on Wednesday. Softer inflation, declining commodity prices and consistent buying by FIIs supported the uptrend. Most global shares were negative ahead of the release of the US FOMC meeting minutes later today. The Nifty closed tad below the 17,950 level. PSU banks, media and IT shares were in demand. On the other hand, healthcare, realty and auto […]

ICICI Prudential Life Insurance Company has allotted 13,000 equity shares of face value of Rs 10 each on 17 August 2022 under its employee stock option scheme.Powered by Capital Market – Live News

Tata Consultancy Services has been named a Large provider in Forresters Managed Security Services Landscape in Asia Pacific, Q3 2022 report which categorizes 25 service providers by geographic and industry focus and type of offering. The report cites that TCS most significant geographic presence within Asia Pacific by revenue is in Australia, New Zealand, Japan, and India and South Asia, and among industries it focuses […]

The Union Cabinet has approved the enhancement in the limit of Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 crore to Rs 5 lakh crore, with the additional amount being earmarked exclusively for enterprises in hospitality and related sectors. The increase has been done on account of the severe disruptions caused by COVID-19 pandemic on hospitality and related enterprises. ECLGS is a continuing scheme. […]

At meeting held on 17 August 2022

Persistent foreign capital inflows and heavy buying in domestic equities strengthened the Indian rupee on Wednesday. Rupee gained 29 paise to settle at 79.45 (provisional) against the US dollar. Besides, softening crude oil prices and easing inflationary pressures supported the domestic unit. At the interbank forex market, the local unit opened strong at 79.32 against the greenback and witnessed an intra-day high of 79.26 and […]

Crude oil dropped back to 6-month low, unable to hold to modest recovery seen in early Asia today. Bleak economic data from across the globe pointing an imminent recession and weaken demand weighed down the commodity. UK consumer price inflation accelerated further in July to the highest since 1982 on surging food and fuel prices, adding pressure on the Bank of England to tighten the […]