The Indian market is likely to head higher on Friday tracking positive global cues. India VIX was up by 10.73% from 11.58 to 12.82 levels on Thursday. Volatility spiked and touched 13 zones after four months and paved the way for the bears in the market. Since it is the beginning of the new series, … Read more
Billionaire Mukesh Ambani’s . and state-run Oil & Natural Gas Corp. are unlikely to suffer a “material” dent to their credit quality from India’s decision to levy additional taxes on local fuel exports and oil production given already elevated crude prices, Moody’s said. “While profits generated from oil exports will fall because of windfall taxes, … Read more
Indian market closed in the red for the third consecutive day on Friday. The S&P BSE Sensex closed below 53,000 while Nifty50 recouped some losses and closed above 15,750 levels. Sectorally, buying was seen in FMCG, Realty, finance, consumer discretionary, and IT stocks while selling was visible in Energy, Oil & Gas, and public sector … Read more
NEW DELHI: The government on Thursday hiked the price of natural gas, that is used to produce electricity, make fertilisers and turned into CNG to use as fuel in automobiles and cooking gas for household kitchens. The 62 per cent price hike, coming on the back of a steep rise in international gas prices on … Read more