Home Archive by category Markets (Page 3)

Markets

Markets

Gold hits one-month high on positive global cues

NEW DELHI: Gold prices rose by Rs 85 to trade at one-month high of Rs 31,835 per 10 grams today on strong global cues and increased buying by local jewellers. Silver prices also went up by Rs 50 to Rs 39,600 per kg, on sustained buying by industrial units and coin makers. Marketmen said,
Markets

China signals it could ease treasury buying to counter Trump

By Andrew Mayeda China’s ambassador to the US wouldn’t rule out the possibility of the Asian nation scaling back purchases of Treasuries in response to tariffs imposed by President Donald Trump. “We are looking at all options,” Ambassador Cui Tiankai told Bloomberg Television, when asked whether China would consider reduced purchases of US Treasuries. “That’s why we
Markets

IFCI sells further 0.17% stake in NSE for Rs 75 crore

Infrastructure term lender IFCI has further diluted its stake in NSE by selling 0.17 per cent for Rs 75 crore. IFCI Ltd said in a regulatory filing that it has made partial disinvestment of its stake in NSE, of about 0.17 per cent of the total number of equity shares at Rs 873.74 apiece. It had yesterday informed about selling 0.22 per cent stake in the country's
Markets

Bandhan Bank shares to get listed on March 27

Shares of private lender Bandhan Bank would get listed on both the NSE and the BSE on March 27 after its IPO was oversubscribed by 14.6 times. The bank proposed to raise Rs 4,500 crore from the IPO, primarily to raise capital base and allow part exit of one of its existing shareholders IFC. "The shares will get listed on both the NSE and the BSE on March 27," MD and CEO
Markets

Market Now: HCL Tech, Infosys, Tech Mahindra lift Nifty IT index

NEW DELHI: While all sectoral indices on NSE were in the red, The Nifty IT index was bucking the trend, backed by gains in index heavyweights HCL Tech and Infosys. The Nifty IT index was trading 0.28 per cent up at 12,525 around 11:05 am (IST), with shares of HCL Technologies (up 1.07 per cent), Infosys (up 0.89 per cent) and Tech Mahindra (up 0.88 per cent) as the
Markets

Sebi bars Nirmal Kotecha from securities market for 14 years

MUMBAI: The Securities and Exchange Board of India has barred Nirmal Kotecha from the securities market for 14 years for indulging in unfair trade practices. The regulator has alleged that Kotecha made illegal gains by circulating false news to the media based on a forged letter. "The said period of 14 years of debarment would stand reduced by the period already
Markets

Hawkish Fed stand means more price correction in gold

By Prathamesh Mallya Gold price hit a high of $1,340 per ounce on February 26 and corrected towards $1,300 over the past fortnight. It’s trading at $1,309. The graph went down nearly 1.5 per cent in international markets and 1.01 percent on the MCX in the same period. The recent weakness in the yellow metal can boil down to the following factors. US Federal Reserve
Markets

F&O: Nifty50 below 10,050 could start a fresh leg of decline

By Chandan Taparia Nifty50 index opened positive, but failed to surpass the previous day’s high of 10,227 and slipped towards 10,100 zones. The index formed a bearish candle on the daily chart and witnessed selling pressure in the last one hour of the trade. It is hovering near to its 200-DEMA, but follow-up buying is missing even after its recent swing support at