Global fund managers are underweight on equities, the monthly Bank of America (BofA) survey showed. The underweight positioning of fund managers is the highest since May 2020 – a net…
Bulls return as Sensex zooms 616 points, Nifty closes at 15989, may head to 16200 soon
Bulls were in control on Dalal Street on Wednesday as headline indices soared higher. S&P BSE Sensex opened in the green and closed 616 points or 1.16% higher at 53,750…
Rupee likely to depreciate on strong dollar, elevated crude prices; USDINR pair to trade with positive bias
Rupee likely to depreciate on Thursday amid strong dollar and worries about elevated crude oil prices. US$INR is expected to trade in the range of 79.00 to 79.30, according to…
FPI selling in Indian equities quietly receding: $34 billion pulled out since October
The ongoing selling by foreign portfolio investors – the most intense in more than a decade – seems quietly receding, with the five-day rolling average through Tuesday falling to less…
Nifty’s 15180 intact, technical indicators hint at pullback from oversold territory; 20-DEMA placed at 15880
By Ruchit Jain Nifty started the day on a positive note and witnessed a positive momentum in the initial couple of hours to surpass 15600 mark. However the index sold…
RBI extends card tokenisation deadline by 3 months till September
The Reserve Bank of India (RBI) on Friday extended the card-on-file (CoF) tokenisation deadline by three months to September 30, 2022, given various representations received from industry bodies. Card-on-file, or…
LPG price hiked by Rs 50/cylinder, up 26% from year ago
Domestic liquefied petroleum gas (LPG) cylinder, used by millions of households for cooking, is now 26% costlier than a year ago. This is due to a Rs 50 hike effective…
Petrol and Diesel Price Today 21 June 2022 remain steady; Check prices in Delhi, Mumbai, Noida, other cities
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The prices of petrol and diesel continue to remain unchanged on Tuesday as OMCs kept prices steady for the…
US Stocks: Wall Street set for lower open ahead of Powell testimony
U.S. stock indexes were set for a lower open on Wednesday after a rally in the previous session, with investor focus squarely on Federal Reserve Chair Jerome Powell’s congressional testimony…
Rupee likely to depreciate on strong dollar, pessimistic market sentiments; USDINR pair to trade in this range
The Indian Rupee is likely to depreciate further on Tuesday amid strong dollar and pessimistic market sentiments. In the previous session, rupee dropped 19 paise to close at a record…