Amid broad-based buying and expectation of a dovish policy action by the RBI Governor on Thursday, equity markets ended Wednesday’s session on a solid note, extending gains to the fourth consecutive session. Aided by consumer goods, metals and realty stocks, the blue-chip Nifty 50 index was up 0.68% at 18,726, while Sensex closed 0.56% higher … Read more
New Delhi: Domestic equity markets settled mildly lower on Monday as the benchmark indices recouped most of the intraday losses. The BSE Sensex dropped 200 points to settle just shy of the 58,000 mark, whereas Nifty50 dropped about 75 points to close at 17,241. Fear gauge India VIX surged more than 4 per cent. Only … Read more
The state high-level clearance committee (SHLCC) chaired by chief minister Basavaraj Bommai on Friday cleared 18 investment proposals worth Rs 34,432 crore with a potential to add 48,850 jobs. Of these eight are new projects while 10 are about additional investments. Some of the major proposals cleared are: Trualt Bioenergy’s ethanol plant of 2000 kilo-litres … Read more
The Indian sugar industry, the second largest global producer after Brazil (~36.5 MT), with 30.8 MT of production in the sugar season (Oct-Sep) 2020-21, was traditionally known for exports, cyclicity and its high operating costs. Synopsis The sugar sector is undergoing a massive revolution and has emerged as a powerful driver of clean energy, accelerating … Read more
New Delhi: Domestic equity markets ended the week with mild gains, thanks to a strong pull back on Friday. The merger of HDFC twins boosted the morale on Monday, but markets remained volatile mid week. The hawkish commentary from the Fed, rising inflation, spike in bond yields and tension between Russia and Ukraine kept the … Read more