Hospital stocks fell up to 11% on Friday, witnessing their second successive decline following the Supreme Court’s diktat on cost rationalisation. The biggest loser on an intraday basis was Max Healthcare Institute which hit the day’s low of Rs 706.45 on the NSE. It was followed by Yatharth Hospital & Trauma Care Services which plunged … Read more
Benchmark Nifty 50 rallied over 8% in the December derivative series, clocking its best gains in a series since February 2021. This was also the highest series gain by the index in 2023. Further, foreign institutional investors significantly increased their net long positions, taking the long-short ratio sharply higher to 2.28 at the beginning of … Read more
The shares of ITC are hovering around all-time highs with nearly 36% rally so far this year on the back of strong operational performance. Despite a steep rise, Emkay Global sees more steam in the stock, and initiates coverage with a target price of Rs 525. This is an upside of 16% from the current … Read more
Gold closed with a weekly loss of 1% at $1982.89. The metal was hammered lower Friday on better-than-expected S&P US global PMIs data. Repeated attempts to take out stiff resistance at $2020 have failed, which makes gold somewhat vulnerable in the near-term. S&P global manufacturing PMI preliminary data for April showed that the US manufacturing … Read more
New Delhi, Leading bourses NSE and BSE on Friday said two Adani group stocks — Adani Green Energy and NDTV — will be moved to the first stage of the long-term additional surveillance measures (ASM) framework from Monday. These securities will continue in the framework but will be moved from long-term ASM framework Stage II … Read more
Crude oil prices rose slightly in early Asian trade on Tuesday in a market focused on prospects of demand recovery from top importer China and on the global economic outlook ahead of company earnings. Brent crude had risen 5 cents to $88.24 per barrel by 0116 GMT, while U.S. West Texas Intermediate (WTI) crude rose … Read more
India and the United States have established a new working group to build sustainable supply chains and boost bilateral trade, the governments said in a joint statement on Thursday. The working group will initially focus on trade facilitation, digitization of customs procedures, issues related to sustainable finance and the scaling up of innovative clean technologies, … Read more
Wall Street’s main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after it said it faces its most severe test of the pandemic. Beijing said on Monday it would shut businesses and schools in hard-hit districts and tighten rules for entering the city, as infections ticked higher. … Read more
Russia has been barred from participating in future projects of global terror financing and money laundering watchdog Financial Action Task Force (FATF). Addressing a press conference in Paris, FATF chairperson T Raja Kumar said the move comes in the wake of Moscow‘s invasion of Ukraine. Kumar said Russia’s actions continued to violate FATF’s core principles, … Read more