The dollar index, which measures the strength of the greenback against a basket of six major currencies, hung on to most of the previous session’s gains to be the last at 105.30

​I would argue that India has to still spend at a lot more in terms of defence acquisitions and one of the places where they have done a fairly good job of indigenisation is actually on the naval vessels and coastguard vessels, etc.

In the NSE list of stocks, four stocks with a market cap of over Rs 2,000 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average Continue Reading

In the NSE list of stocks with a market cap of over Rs 2,000 crore, six stocks crossed their previous 5-year high value at the close on December 5, 2022 suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look:

The domestic brokerage firm believes that the outperformance of PSU stocks is likely to continue moving forward, and the next big trigger for the market will be budget expectations.

The Indian economy and markets have shown remarkable resilience on the back of strong domestic demand. High-frequency indicators like GST collections, energy consumption, toll, and tax collections continue to indicate robust growth in the underlying economy.

The transaction will also trigger an open offer for an additional 25% of the company. If the open offer is fully bought into, the new investor could own up to 86.24% of TCNS, for Rs 3,016 crore. The current market capitalisation of TCNS Clothing is Rs 3,507.16 crore.

As many as 12 Chinese cities reportedly loosened Covid-related restrictions, a positive sign for an economy that has been grappling with strict virus measures for over two years. China is the top importer of various metals and minerals.

Once the ₹493-crore open offer goes through, the Gautam Adani-led conglomerate’s stake in the news broadcaster will increase to 37.44%. In August, Adani acquired a 29.18% stake in the broadcasting company. As of September 30, 2022, promoters Prannoy Roy and Radhika Roy owned 15.94% and 16.32% stakes in the company.

The six-month rolling cumulative inflow of FPIs has turned positive for the first time in a year at ₹34,539 crore ($4.14 billion) at the end of November 2022, data from NSDL show. This six-month rolling cumulative reading was the highest in 14 months as overseas investors invested $10 billion (₹84,799 Continue Reading