Stock Market Today: Sensex traded lower for the fourth consecutive day due to gap-up in shares of private banks including HDFC Bank and ICICI Bank as well as stock-specific profit-booking. Nifty also broke its support level 22200. Sensex today fell to 73073.92 after opening at 73225. At 10.54am it was …
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Only talk of boycott! India broke the 8 year record of import of this item from China
India China Import News: While India is making continuous efforts to boycott Chinese goods and reduce imports from China, steel imports from China to India have reached the highest level in eight years. China's steel consumption has declined due to the slowdown in the domestic property market, and due to …
Read More »Demand for FMCG was higher in rural areas than in urban areas in the March quarter
Mumbai: The demand for Fast Moving Consumer Goods (FMCG) in the country has been higher in rural areas than in urban areas in the March quarter. A report said that for the first time in the last five quarters, FMCG sales were higher in rural areas than in urban areas. …
Read More »Gold fell due to high prices but silver prices increased further
Mumbai: In the Mumbai jewelery market today, gold prices stopped rising and remained on the decline, while silver prices rose further. There are signs of retreat in rising gold prices in the global market. Global crude oil prices were also on a sharp decline. However, global silver prices continued to …
Read More »Fall in Indian stock markets, Sensex falls by more than 250 points
Today i.e. on 8th May, the stock market is witnessing a decline for the second consecutive day. Sensex is trading at 73,200 with a fall of more than 250 points. At the same time, Nifty is also trading at the level of 22,200 after falling more than 50 points. During …
Read More »SEBI rejects proposal to increase working hours in stock market
The Securities and Exchange Board of India (SEBI) has rejected the National Stock Exchange's (NSE) proposal to extend market hours in the derivatives segment due to lack of consensus among the broker community. NSE has submitted a proposal to the market regulator. In which an appeal was made that the …
Read More »MF stake in NSE companies reaches new high with 8.81%
MF share among NSE-listed companies reached a new high of 8.92 per cent in the three months ended March 2024. Net inflows of Rs 81,539 crore were seen during the quarter. In the December 2023 quarter, MF stake on NSE was 8.81 per cent. Life Insurance (LIC) has emerged as …
Read More »IL&FS estimates loss of Rs 9,600 crore against profit estimate of Rs 1,869 crore
1 hour ago Business A major audit of the accounts of tainted IL&FS, IL&FS Financial and ITNL has been conducted. IL&FS's loss for the five financial years ending 2017-18 is now estimated at Rs 9,600 crore, against a profit of Rs 1,869 crore …
Read More »Rupee fell 9% in last two years: Big blow to Indian importers
The Indian rupee is hovering near its all-time low against the dollar. This benefits exporters while imports become expensive. In such a situation, it will be interesting to see why the Indian Rupee is currently soft, what effect it has on the economy and what steps RBI is taking to …
Read More »Business: Dissatisfaction among exporters regarding MEP of new onion after export ban is lifted
Traders believe the government's decision to allow export of onion at a minimum price of Rs 64 per kg may lead to significant trade figures for the crop from India, as the prices are set by other countries like Pakistan and China. In December last year, the government had banned …
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