News Overview

The NSE regularly updates the list of securities under the F&O ban when they exceeded 95% of the market-wide position limit (MWPL).

U.S. West Texas Intermediate crude futures increased by 18 cents to $79.30 per barrel. Futures for Brent crude increased by 19 cents to $83.55 a barrel.

Spot gold was unchanged at $2,335.93 an ounce. The price of gold dropped 1% on Monday. Gold futures dropped to $2,341.60, down 0.1%.

Shriram Finance said that its board members have authorised the sale of its housing finance subsidiary Shriram Housing Finance (SHFL) to global investor Warburg Pincus for ₹4,630 Crore.

The euro was barely moved, trading at $1.0786, but it has gained 1% against the dollar this month. In contrast, sterling last purchased at $1.2554, up about 0.5% so far in May.

Despite the fall in IIP in March 2024, the IIP for manufacturing and electricity improved over February

DSP Nifty Bank Index Fund NFO is an opportunity to reposition your portfolio with a passive banking index tilt

Despite the lower crude prices, the USDINR weakened to a four-week low on May 10, 2024

The healthcare research, analytics, and technology company's stock opened at ₹655 on the National Stock Exchange (NSE)

The week saw the CME Fedwatch reducing its expectations to just 2 rate cuts in calendar 2024