[ad_1] India’s benchmark indices closed near two-week lows and the rupee weakened 0.2 per cent against the US dollar on Monday as rising Covid cases in China and talk of persistent rate hikes by US Federal Reserve officials unnerved the markets. This is a sharp reversal of sentiment from a week ago […]
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[ad_1] Shares of HDFC Bank and parent Housing Development Finance Corp (HDFC) jumped more than 5 per cent each on optimism that their amalgamation will attract higher capital flows from passive trackers than previously anticipated. The optimism follows a rule tweak by global index provider MSCI on treatment of stocks M&A-bound in […]
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[ad_1] The Securities and Exchange Board of India (Sebi) has proposed a framework to protect the interests of public equity shareholders in case of listed companies undergoing insolvency proceedings. In a discussion paper, the capital markets regulator has proposed that public equity shareholders should get an opportunity to acquire shares of the […]
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[ad_1] Equity benchmark Sensex climbed over 230 points to reclaim the 61,000-mark on Monday, propelled by robust buying in bank, auto and metal stocks amid a firm trend in global equities. A strong rupee against the US dollar and persistent foreign capital inflows also supported the domestic equities, traders said. Rising for […]
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[ad_1] Domestic markets are likely to open lower in Thursday’s trade after the US Federal Reserve hiked interest rates to 75 basis points (bps) by fourth consecutive time, taking the benchmark lending rate to 3.75-4 per cent. At 8:15 am, the SGX Nifty quoted at 17,991 levels, down 91-odd points. Globally, the US markets plunged […]
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[ad_1] Benchmark indices rose for a fourth straight trading session on Tuesday, supported by positive global cues and buying by foreign portfolio investors (FPIs). The Sensex ended above the 61,000 mark for the first time since January 17, 2022 — at 61,121 — with a gain of 375 points, or 0.6 per cent. It […]
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[ad_1] Indian equity markets are likely to start Tuesday’s trade on a positive note, supported by steady foreign flows, drop in crude oil prices, and hopes of softened rate hike cycle. At 8:00 am, the SGX Nifty quoted at 18,181 levels, indicating an upside of 120 points. Globally, weak big tech earnings weighed on the […]
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