News Overview

The offer received bids for 7.08 crore shares as against 0.92 crore shares on offer.

The offer received bids for 56.67 lakh shares as against 85 lakh shares on offer.

RBI has announced that a view to elongating the maturity profile of forward book and smoothen the receivables relating to forward assets, it has been decided to undertake a sell/buy swap auction of $5 billion on April 26, 2022. The auction will be multiple-price-based, i.e., successful bids will be accepted at their respective quoted premiums. Powered by Capital Market – Live News

COMEX Gold futures are trying to stabilise after a sharp correction in last session. COMEX Gold tanked as reports of progress in the cease-fire talks between Russia and Ukraine in Turkey capped the safe haven demand for the metal. Russia has decided to drastically cut its military activity focused on Kyiv and Chernihiv. Ukrainian negotiators proposed adopting neutral status in exchange for security guarantees. COMEX […]

Consequently, Arun Kumar, Founder, will return to Strides in an executive role and assume the position of Executive Chairperson and Managing Director(MD) effective April 7, 2022.

Crude oil edged up today as the familiar worries over Russia-Ukraine war returned to prop up prices after a sharp slide in last session. Kremlin spokesperson Dmitry Peskov said Wednesday there were no breakthroughs following a round of Russia-Ukraine in-person negotiations in Istanbul but welcomed Ukraines written demands, according to media reports. This was quite contradictory to reports stating that peace talks between Ukraine and […]

The Indian rupee declined by 21 paise to 75.94 against the US dollar on Wednesday as surging crude oil prices and fuel rate hikes by the oil marketing companies fanned fears of inflation and interest rate hikes. However, a strong rally in the domestic equities capped the rupees loss. At the interbank foreign exchange market, the rupee opened strong at 75.65 against the American dollar […]

At 75.9700/9825 per Dollar

The benchmark indices surged on Wednesday, rallying for the third trading session. Positive cues from other Asian stock markets boosted sentiment. The Nifty settled a tad below the 17,500 mark after hitting the days high of 17,522.50 in late trade. Banks, financials and media shares advanced while metals, pharma and healthcare stocks declined. The barometer index, the S&P BSE Sensex rose 740.34 points or 1.28% […]

The price revision has been necessitated to partially offset the impact of increasing commodity prices.