The FIIs as per Wednesday's data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 16864.93 crore against gross selling of Rs 12070.32 crore. Thus, FIIs stood as net buyers of Rs 4794.61 crore in equities. In the debt … Read more
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal of the Ministry of Power for providing central financial assistance to the state governments of the northeastern region towards their equity participation in the development of hydroelectric projects through joint venture (JV) collaborations between state entities and central public sector undertakings … Read more
Indian equity indices opened flat on Thursday due to negative cues from Asian and US markets. At 9.40 a.m., Sensex was at 81,816, up 31 points and Nifty was up 19 points at 25,071. During the early trading hour, the Overall market trend remains positive. On the National Stock Exchange (NSE), 1,134 shares are in … Read more
Asian shares followed Wall Street futures lower on Thursday as Nvidia's results disappointed some bullish investors, while the dollar steadied and the Treasury yield curve came within a whisker of turning positive. Investors now await U.S. weekly jobless claims, which have gained prominence given the Federal Reserve's focus on the health of the labour market, … Read more
Oil prices steadied on Thursday, after two losing sessions as supply concerns over Libya returned, while a smaller-than-expected draw in U.S. crude inventories sapped demand expectations. Brent crude futures had edged up 3 cents, or 0.04%, to $78.68 a barrel by 1024 GMT, while U.S. West Texas Intermediate crude futures were up 15 cents, or … Read more
The dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with traders looking ahead to a key U.S. inflation reading at the end of the week that could offer further clues on the outlook for rates there. Friday's release of the core personal consumption expenditures (PCE) price index – … Read more
Gold prices rose on Thursday on expectations that the Federal Reserve might begin interest rate cuts next month, and underpinned by ongoing tensions in the Middle East, while a slew of U.S. economic data remained on investors' radar. Spot gold added 0.6% to $2,516.63 per ounce by 0850 GMT, not too far from a record … Read more
The Indian rupee strengthened on Thursday, tracking a similar move in its Asian peers and in anticipation of MSCI-related inflows as domestic equities' weightage in the index is set to rise. The rupee closed at 83.8700 against the U.S. dollar at, up 0.1% from 83.9525 in the previous session. Asian currencies rose, while the dollar … Read more
India's Paytm has received an approval from the country's finance ministry to invest in its payment services business, the fintech firm said on Wednesday. One 97 Communications, popularly known as Paytm, has been under the scrutiny of India's banking regulator and financial crime-fighting agency after the central bank ordered it to wind down its payments … Read more
India's Eros Investments and its Immerso AI-IP unit are expected to invest $1 billion to develop an artificial intelligence park and movie studio in Malaysia, Malaysia's digital ministry said on Thursday. The investment, which is expected to include an AI university and data centre in the park, has the potential to create 5,000 jobs in … Read more