The price for crude oil witnessed a sharp peak on Wednesday, relieved due to the expectations of a lower than expected production increase by the OPEC+ in October. The futures on crude oil in October rose by 1.4% and reached the highest point of the day of RS 5,554 per BBL. The oil prices also […]
The rupee witnessed intra-band trading on Wednesday and settled three paise lower for the day at 88.80 (provisional) against the US dollar. This followed a negative trend in domestic equities amid a rise in risk sentiment. Forex traders said the US dollar is holding steady, but beneath the greenback’s steady façade lies growing tension. The […]
India’s benchmark indices Sensex and Nifty fell on Wednesday, snapping a four-session winning streak as investors booked gains, with financial stocks incurring losses. Weakness in banks outweighed gains in IT stocks ahead of quarterly results. The S&P BSE Sensex fell 153 points (0.19%) to close at 81,773.66, while the NSE Nifty 50 fell 62 points […]
As Diwali 2025 approaches, gold – traditionally a favorite asset during the festive season – is making headlines not only for its auspicious symbolism but also for its unprecedented price appreciation. With prices up more than 51% this year, gold’s rally has become both a celebration and a concern, especially for retail investors who now […]
After a few volatile sessions, the market’s recent pullback is likely to be just a pause before the next leg higher, said Rohit Srivastava, founder of Strike Money Analytics & Indiacharts. Srivastava believes that Nifty’s consolidation phase is coming to an end and most of the negative news that has weighed on sentiment has already […]
Shares of Saatvik Green Energy, which went public last month, saw their shares rise as much as 8.4% to their new all-time high of Rs 499.40 on the NSE on Wednesday, October 8, after the company announced that it had secured two new orders totaling Rs 707 crore. Interestingly, the company will also announce its […]
The advent of quantum computing could pose major security challenges and Sebi is preparing the system to be secure before its introduction, the capital market regulator chairman Tuhin Kanta Pandey said on Wednesday. Pandey said quantum computing has the technological capabilities to allow bad actors to compromise passwords, long believed to be highly secure. Therefore, […]
Specialty Chemicals maker SK Minerals & Additives on Wednesday fixed the price band at Rs 120-127 per equity share for its Rs 41.15 crore initial share sale opening for public subscription on October 10. The initial public offering (IPO) will close on October 14. Bidding for anchor investors will open on October 9, Ludhiana-based SK […]
The Employees’ Provident Fund Organization (EPFO) plans to seek board approval to redeem its investments in the CPSE and Bharat 22 Exchange Traded Funds (ETFs) during the current financial year 2025-2026. However, it does not plan to buy back holdings in other ETF systems as it aims to extend the term of their investments from […]
Amid a surge in gold prices, which continued its upward trajectory on Wednesday, hitting an all-time high of Rs 1,22,780 per 10 gram on the Multi Commodity Exchange (MCX) and surpassing $4,000 per ounce internationally, Rich dad, poor dad author Robert Kiyosaki reiterated his bullish stance on precious metals and digital assets. “Add to my […]