News Overview

The Indian Rupee fell further. The INR closed at 77.61 per US dollar, down 17 paise on the day. INR has continued to stay around record lows against the US dollar. The benchmark indices ended with deep losses on Wednesday with the Nifty slipping below its crucial 17,000 mark. Barring the Nifty IT index, all the sectoral indices on the NSE ended in the red. […]

The US stocks hammered on Wednesday, 18 May 2022, dragging the Dow Jones Industrial Average and the S&P 500 at their lowest closing levels in over a year. The steep selloff in Wall Street was triggered amid concerns about economic growth after two back-to-back quarterly reports from Target and Walmart stoked investor fears of rising inflation taking a bite out of corporate profits and consumer […]

On 18 May 2022

WBMS noted yesterday that calculated market balance for primary aluminium for the period of January to March 2022 was a surplus of 474 kt which follows a deficit of 1676 kt recorded for the whole of 2021. Demand for primary aluminium for January to March 2022 was 16.23 million tonnes, 727 kt less than in the comparable period in 2021. Demand is measured on an […]

COMEX Gold futures stayed supported on a frantic selloff in US equities last night. The US stocks showed a substantial move back to the downside during trading on Wednesday. With the steep drop on the day, the Dow and the S&P 500 ended the session at their lowest closing levels in over a year. The major averages saw continued weakness late in the session, ending […]

The Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to May 13. At 420.8 million barrels, the EIA said, inventories of crude oil were 14 percent below the five-year average for this time of the year. Gasoline stocks shed 4.8 million barrels last week, with production averaging 9.6 million barrels daily. This compared with an inventory draw of 3.6 […]

ITC: ITC reported 11.8% growth in consolidated net profit to Rs 4191 crore on 15.7% rise in gross revenue to Rs 16227 crore in Q4 FY22 over Q4 FY21. Adani Enterprises: Adani Enterprises has incorporated a WOS namely, Adani Health Ventures Limited (AHVL), to carry on the business of healthcare related activities including, inter alia, setting up, running, administrating medical and diagnostic facilities, health aids, […]

SGX Nifty has started the day in the green

The state-run bank has appointed Sujoy Dutta as its new chief financial officer (CFO) with immediate effect.

Sales rise 14.08% to Rs 220.66 crore