Mumbai: National Stock Exchange of India (NSE) declared Anugrah Stock & Broking as a defaulter and expelled it from the membership. On November 13, markets regulator Securities and Exchange Board of India (Sebi) had ordered the scam-tainted broking firm to stop its operations and barred its promoters Paresh Kariya and Sadhana Kariya from the market. … Read more
NEW DELHI: Gold and silver futures traded mixed in the morning trade on Friday amid fast rising Covid cases and after another round of stimulus delivered by the Indian government. Finance Minister Nirmala Sitharaman announced sops worth Rs 2.65 lakh crore on Thursday. Meanwhile, top Democrats in US Congress urged renewed negotiations over a multitrillion-dollar … Read more
NEW DELHI: Gold and silver futures were steady in the morning trade on Thursday as investors anticipate heavy buying of the precious metals during Diwali that will push prices up in coming days. Meanwhile, major economies including the European Union continue to work on another stimulus package, lifting prospects of gold, which is a hedge … Read more
New Delhi: Companies garnered over Rs 75,000 crore from capital markets in September, a decline of 31 per cent from the preceding month, with private placement of debt instruments continuing to be the most preferred route for financing business. The funds were mopped up mainly for business expansion plans, loan repayments and working capital requirements. … Read more
Brokerages retained their bullish view on Adani Ports and Special Economic Zone (APSEZ) after the company on Tuesday posted a 31.57 per cent growth in its consolidated profit to Rs 1,393.69 crore for the second quarter ended on September 30. It had reported a profit of Rs 1,059.20 crore for the corresponding quarter last year. … Read more
Credit Suisse has turned neutral on the IT sector, and reduced recommendation on the healthcare sector to underweight. The relative price-to-earnings in the IT sector is now the highest since 2013 and gains will be growth-dependent from here, said Credit Suisse. The financial services company has reiterated strong overweight on banks. “Post a 37% bounce, … Read more
Following the selloff in fully paid-up equity shares on Monday, Reliance Industries’ partly paid-up (PP) rights shares hit 10 per cent lower circuit limit after the company on Friday reported a 15 per cent year-on-year (YoY) drop in net profit at Rs 9,567 crore for the quarter ended September 30. RIL’s PP shares plunged 10 … Read more
NEW DELHI: Gold and silver future rose in morning trade on Monday against the trend in the international market ahead of and due to the uncertainty over the US Presidential election outcome that is scheduled on Nov 3. Meanwhile, investors are keeping their fingers crossed as despite Joe Biden leading in the opinion polls, the … Read more
NEW DELHI: Gold and silver futures gained marginally in morning trade on Friday even as the yellow metal wallowed near one-month low in international markets amid firm US dollar. Meanwhile, President Donald Trump‘s chief economic adviser said on Thursday that any deal on coronavirus relief legislation would have to wait for now. Gold futures on … Read more
Most brokerages have raised target prices on Axis Bank by 5-20% after the lender’s September quarter results exceeded Street estimates. The private lender reported a profit of Rs 1,682.7 crore for the quarter against loss of Rs 112.1 crore in the same period a year ago. Brokerages said the asset quality is better than what … Read more