News Overview

Natural Gas futures are consolidating at elevated levels after soaring earlier in the week as worries over rising US demand amid soaring temperatures and continued escalation in the Russia-Ukraine war kept the sentiments supported. The commodity is currently trading at $9.39 per mmbtu, up around 0.90% on the day. Prices are lingering near 14 year high. Total US working gas in storage as of May […]

Zee Entertainment Enterprises (ZEEL) disclosed that Life Insurance Corporation of India (LIC) has increased its stake in the company to 5.008% from 4.988% earlier.

ZMPL is one of the largest Business Correspondent networks for the State Bank of India with around 11,500 active Customer Service Points.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Raymond Ltd, Triveni Engineering and Industries Ltd and Elecon Engineering Company Ltd are among the other losers in the BSEs A group today, 08 June 2022.

Speaking at a gathering, he stated that as of March 31, 2022, there remained an unspent balance of Rs1.2 trillion with state agencies from CSS. This means that for the time being, this sum will be deducted from the Centre's borrowing, and it might be deemed a short-term cost-cutting measure.

UK PMI Construction dropped from 58.2 to 56.4 in May, below expectation of 56.9. S&P Global said total activity expanded at the slowest pace since January. Housing remained worst-performing category. Optimism was lowest since August 2020. Concerns about the business outlook were signaled by a fall in construction sector growth projections to the lowest for more than one-and-a-half years in May. Around 19% of construction […]

AGI Infra Ltd, Rajdarshan Industries Ltd, SPS Finquest Ltd and Ducon Infratechnologies Ltd are among the other losers in the BSEs B group today, 08 June 2022.

Inflation estimate for 2022-23 has been increased further to 6.7%

Ujjivan Small Finance Bank (Ujjivan SFB) said that its board has approved the proposal to raise upto Rs 1,500 crore through non-convertible debt securities.

The benchmark indices were trading near the days low with modest losses in the mid-afternoon trade. The Nifty slipped below the 16,350 level after hitting the days high of 16,514.30 in mid-morning trade. Shares of realty, media and PSU banks advanced while FMCG, oil & gas stocks and consumer durables declined. Market turned volatile after the RBI announced a hike in the key repo rate […]