Infosys is currently trading at Rs. 1928.15, up by 9.10 points or 0.47% from its previous closing of Rs. 1919.05 on the BSE. The scrip opened at Rs. 1918.05 and has touched a high and low of Rs. 1929.15 and Rs. 1909.90 respectively. So far 6174 shares were traded on the counter. The BSE group … Read more
The average monthly income of rural households saw a substantial rise of 57.6 per cent over a five-year period, up from Rs 8,059 in 016-17 to Rs 12,698 in 2021-22, according to government data on Thursday. This indicates a nominal compound annual growth rate (CAGR) of 9.5 per cent, according to the Ministry of … Read more
The Indian rupee is likely to open nearly flat on Friday and hold a narrow range after U.S. inflation data did not have much of an impact on the Federal Reserve near-term interest rate outlook. The one-month non-deliverable forward indicated that the rupee will open barely changed from 83.9675 in the previous session. U.S. September … Read more
Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites. Brent crude oil futures fell 39 cents, or 0.5%, to $79.01 a barrel … Read more
Gold prices climbed on Friday after recent data supported bets for a Federal Reserve interest rate cut next month, while market participants awaited the U.S. Producer Price Index (PPI) report for further direction. Spot gold rose 0.5% to $2,641.70 per ounce by 0245 GMT but was down about 0.4% for the week. Prices hit a … Read more
Indian shares are set to open marginally higher on Friday, with focus on IT stocks after Tata Consultancy Services kicked off the earnings season for local tech majors on a dour note as it reported a quarterly profit miss. The Gift Nifty was trading at 25,102, as of 8:24 a.m. IST, indicating that the benchmark … Read more
Asian shares were headed for the first weekly loss in five as the stunning rally in Chinese shares took a breather, although all eyes are on the details of the much-anticipated fiscal stimulus from Beijing this weekend. Overnight, data showed core U.S. consumer inflation came in at 0.3% in September, slightly hotter than expected, which … Read more
The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labour market boosted the case for quicker Federal Reserve rate cuts. Despite that, the dollar on Friday remained on track for a second straight weekly advance after surprisingly strong monthly payrolls figures last week prompted traders … Read more
Driven by India’s inherent strengths and a strong policy framework that encourages investment and exports, the textiles sector in the country is expected to grow to $350 billion by 2030, the Centre said on Thursday. The textiles sector is set for significant expansion, with an 11 per cent growth in ready-made garments (RMG) of all … Read more
The FIIs as per Thursday's data were net sellers in equity segments, while net buyers in debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 12824.15 crore against gross selling of Rs 16503.41 crore. Thus, FIIs stood as net sellers of Rs 3679.26 crore in equities. … Read more