News Overview

The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal yesterday chaired the 4th meeting of National Startup Advisory Council (NSAC) in New Delhi. Speaking on the occasion, the Minister assured continued government support in developing statrup ecosystem. He appreciated the work done by NSAC members and urged them to focus on tier 2 and tier 3 cities where […]

The INR closed flat at 77.56 per US dollar in last session. The US dollar index fell for second day, easing further from a two decade high as risk appetite showed signs of coming back in play. Chinese Covid-19 worries eased a bit as Shanghai aims to reopen broadly and allow normal life to resume for its citizens. This supported risk appetite globally. The local […]

Copper continued to see selling pressure in Asia as equities struggled to carry recent gains and the US dollar steadied. The recent rise in LME Copper inventories to seven month highs also weighs on the metal. COMEX Copper currently trades down 0.30% at $4.21 per pound.Powered by Commodity Insights

COMEX Gold futures dropped sharply, failing to hold on above $1820 per ounce as the US Federal Reserve Chair Jerome Powell that controlling inflation would demand rate rises in coming months. Powell said following that increase that similar 50 basis point moves were likely to come at ensuing meetings so long as economic conditions remained similar to where they are now. COMEX Gold was hit […]

WTI Crude oil futures continue to hold above $110 per barrel on worries over Russia-Ukraine war. Sentiments were lifted on reports that Shanghai aims to reopen broadly and allow normal life to resume for its citizens. This could drive up the demand for crude oil after recent choppiness in prices. However, intraday gains were capped in oil. MCX Crude oil futures broke above Rs 8900 […]

Bharti Airtel: Bharti Airtel reported a 164% jump in consolidated net profit to Rs 2007.8 crore on a 22.3% in revenue from operations to Rs 31,500 crore in Q4 FY22 over Q4 FY21. The telecom operator said rise in revenue was backed by strong and consistent performance delivery across the portfolio. DLF: The real estate major reported 8% fall in consolidated net profit to Rs […]

The US stocks rose substantially higher on Tuesday, 17 May 2022, with the Dow Jones Industrial Average, the Nasdaq, and the S&P 500 all settling session higher. The rebound in Wall Street was credited to strong retail sales and industrial production data, some upbeat earnings updates and Fed Chair Jerome Powells positive comments about the strength of the economy. At the close of trade, the […]

Sales rise 16200.00% to Rs 24.45 crore

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 36 points at the opening bell. Global markets: Overseas, Asian stocks are trading mixed on Wednesday following overnight comments from U.S. Federal Reserve Chairman Jerome Powell, who said hes resolved to raise rates until inflation comes down. On the macro front, Japans economy shrank 1% on […]

SGX Nifty in the green and marginally above its closing price yesterday