News Overview

NII for the quarter ended December 31, 2021, stood at Rs4,284cr compared to Rs4,005cr in the previous year.

The US stocks moved mostly higher for fourth consecutive session on Wednesday, 02 February 2022, with the Dow, the S&P500, and the Nasdaq indexes all managed to end the day above the unchanged line. The continued strength on Wall Street partly reflected a positive reaction to upbeat earnings from some big-name companies like Google parent Alphabet and chipmaker Advanced Micro Devices. At the close of […]

Copper futures edged up on supportive equities and a deep slide in the US dollar. COMEX Copper futures hit $4.50 per pound in Asia today, approaching one week high. MCX Copper futures closed at Rs 756.40 per kg, up 0.81% on the day. Mining giant Grupo Mexico said that global copper demand will grow 3% in 2022. It added the projection could be impacted by […]

The Indian rupee is likely to stay supported on Thursday, 03 February 2022 tracking weakness in the dollar overseas after disappointing private sector employment data. Fed officials this week also backtracked on some of the central banks hawkish comments, pushing the dollar lower. However, sustained foreign fund outflows and higher crude oil prices may continue to weigh. On Wednesday, rupee pared its initial gains to […]

Cupid received an allocation for FY2022-2023 from the South African Government for the supply of male condoms of Rs 31.94 crore (approx.) and female condoms worth Rs 68.70 crore (approx.).

COMEX Gold futures saw a good recovery in last session, recovering from a low under $1800 per ounce to test a one week high of $1811 per ounce as markets eyed the overall Covid-19 scenario. The World Health Organization said in a latest update that it is now starting to see a very worrying increase in deaths, in most regions of the world. WHO is […]

The quarterly mutual fund flows data for Dec-21 quarter published by AMFI shows positive inflows across equity, hybrid and passive fund assets.

Zee Entertainment Enterprises (ZEE): The media major reported 10.1% fall in consolidated net profit to Rs 298.70 crore on a 3% fall in operating revenue to Rs 2112.60 crore in Q3 FY22 over Q3 F21. Adani Total Gas: The company reported 9% fall in consolidated net profit to Rs 145 crore on a 78% rise in revenue from operations to Rs 522 crore in Q3 […]

The US Energy Information Administration (EIA) reported a crude oil inventory drop of 1 million barrels for the week to January 28. The agency said that at 415.1 million barrels, crude oil inventories were around 10% below the five-year average levels for this time of the year. The US Gasoline inventories added 2.1 million barrels last week, according to the EIA, compared with a build […]

US private sector employment plunged by 301,000 jobs in January after jumping by a downwardly revised 776,000 jobs in December, payroll processor ADP reported on Wednesday, reflecting the impact of the Omicron variant of the coronavirus. Employment in the leisure and hospitality sector led the way lower, slumping by 154,000 jobs in January after seeing substantial gains in the fourth quarter. The trade, transportation and […]