Markets peak on optimism, not on relative pessimism: Deepak Shenoy

Markets peak on optimism, not on relative pessimism: Deepak Shenoy

“I think while the markets are going up, the mood seems to be less elevated across the globe. So, I still think there is some place to go. Just speaking, of course, as a portfolio manager you have to be long and therefore very optimistic, so a little bit of biased stance. But I do … Read more

Domestic copper at lifetime highs; factors affecting the price surge

Domestic copper at lifetime highs; factors affecting the price surge

A broad advance in industrial metals took domestic copper prices to record levels last week. A firm overseas market due to fresh Chinese stimulus measures, concerns over tightness in global mine supply, and hopes of strong green demand boosted prices. In the key domestic MCX futures, prices of copper are hovering near Rs 900 a … Read more

Short covering-led rally in last leg turns D-Street green on a dull day

Short covering-led rally in last leg turns D-Street green on a dull day

Mumbai: India’s benchmark indices ended nearly 1% higher on Thursday, in a late surge, driven by short covering ahead of the expiry of Nifty‘s weekly futures and options contracts. NSE’s Nifty rose 203.3 points or 0.92% to close at 22,403.85. BSE’s Sensex rose 676.69 points or 0.93% to end at 73,663.72. Both indices fell as … Read more

Kudumbashree to organise 82 Vishu markets in district

Kudumbashree to organise 82 Vishu markets in district

Heralding the arrival of Vishu, Kudumbashree Thiruvananthapuram district mission is organising Vishu markets at 82 centres in the district. The Vishu markets are being held in Kudumbashree’s community development societies (CDSs) in 72 panchayats and 10 Corporation CDSs. The markets will be open for a minimum of three to five days and will go on … Read more

Gold hits record high amid persistent safe-haven demand despite rate cut expectations and dollar strength

Gold hits record high amid persistent safe-haven demand despite rate cut expectations and dollar strength

Gold prices opened on the Multi Commodity Exchange (MCX) on Wednesday at Rs 69,340 per 10 grams and hit an intraday low of Rs 69,309. In the international market, prices hovered around $2,284.06 per ounce. Meanwhile, silver opened at Rs 77,981 per kg and hit an intraday low of Rs 77,189 on the MCX. In … Read more

Latest gold and silver price: Yellow metal retreats as dollar and bond yields rise

Latest gold and silver price: Yellow metal retreats as dollar and bond yields rise

Gold prices opened on the Multi Commodity Exchange (MCX) on Tuesday at Rs 68,638 per 10 grams and hit an intraday low of Rs 68,580. In the international market, prices hovered around $2,252.19 per ounce. Meanwhile, silver opened at Rs 75,750 per kg and hit an intraday low of Rs 75,310 on the MCX. In … Read more

Gold continues its historic run, price surges to record high

Gold continues its historic run, price surges to record high

Gold prices opened on the Multi Commodity Exchange (MCX) on Monday at Rs 68,699 per 10 grams. In the international market, prices hovered around $2,196.32 per ounce. Meanwhile, silver opened at Rs 75,223 per kg on the MCX. In the international market, the price hovered around $24.69 per ounce. Manav Modi, Analyst, Commodity and Currency, MOFSL, … Read more

Ease of doing biz: Sebi mulls relaxing enhanced disclosure framework for certain FPIs

Ease of doing biz: Sebi mulls relaxing enhanced disclosure framework for certain FPIs

Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested exempting category I university funds and university-related endowments FPI that meet specific criteria from enhanced disclosure requirements. Additionally, it proposed … Read more

FPIs cautious on equities; take out Rs 3,776 cr in Feb so far on spike in US bond yields

FPIs cautious on equities; take out Rs 3,776 cr in Feb so far on spike in US bond yields

Foreign investors adopted a cautious approach offloading Indian equities worth close to Rs 3,776 crore so far this month owing to a spike in the US bond yields and uncertainty over the interest rate environment in the domestic as well as the global front. In contrast, they are bullish on the debt market and injected … Read more

Bullish on DLF, L&T, Maruti Suzuki and RIL from Indian equities: Jonathan Garner

Bullish on DLF, L&T, Maruti Suzuki and RIL from Indian equities: Jonathan Garner

“Japan is a very strong story and it trades only about fourteen-and-a-half times one year forward PE,” says Jonathan Garner, Morgan Stanley.So, are you saying we should expect only, let us say, mid-single digit kind of realistic return expectation from the Indian markets as well?That is the base case. As I mentioned, the bull case … Read more