News Overview

INR is likely to see cautious moves after falling to record lows beyond 77 per US dollar in NDF market yesterday. Local equities moved up in last session though and it could offer some support to the INR. The barometer index, S&P BSE Sensex was up 180.22 points or 0.34% at 52,973.84. The Nifty 50 index gained 60.15 points or 0.38% at 15,842.30. The barometers […]

Crude oil recovered to trade above $110 per barrel on continued worries over Russia-Ukraine war and cautious US equities. US stocks ended mixed on Monday after as some disappointing economic data from the U.S., Europe and China weighed on sentiment. WTI Crude currently trades down 0.41% at $111 per barrel as rising US rig count weighs on the market. The number of total active drilling […]

Niti Aayog to come with a new job creation plan

COMEX Copper gained slightly today amid steady cues from equities and mixed Chinese economic data. The industrial output in China fell 2.9% on year in April, the National Bureau of Statistics said on Monday after 5% fall in March. However, the countrys fixed asset investment was up 6.8% on year in April, down from 9.3% a month earlier. This capped losses for Copper after the […]

Life Insurance Corporation (LIC) of India: The insurance major will debut on the bourses today, 17 May 2022. The issue was subscribed 2.95 times. It opened on 4 May 2022 and closed on 9 May 2022. The IPO price band was Rs 902 to Rs 949 per equity share. Aditya Birla Capital: The financial services provider on Monday said Ajay Srinivasan has decided to step […]

Demand for ban on cotton exports after ban on wheat exports

COMEX Gold futures recovered on good bargain buying after posting its biggest weekly loss in about eleven months last week. COMEX Gold futures saw decent support near $1800 per ounce. Gold continued to be under stress due to continued firmness in the US dollar index as it hovered just under a 20-year high. However, worries over the Russia-Ukraine war and US economic scenario are likely […]

As was expected, global wheat prices rose after announcement of ban on wheat exports by India, for the time being.

KEC International bags new orders

Indian mutual funds closed FY22 with total SIP collections in excess of Rs1.24 trillion.