Stocks that were in focus include names like Welspun Corp, which rose 2.81%, Vipul Organics, which gained 19.56%, and Welspun Corp, whose shares fell 2.8% on Tuesday.
Japanese stocks rise as PM’s comment weakens Yen
The yen tumbled about 2% against the dollar Wednesday, its worst day since June 2022, after Shigeru Ishiba said the economy isn’t ready for another hike. The currency fluctuated near 146.50 per dollar Thursday, near its weakest level in a month.
Non-ferrous metals poised to outshine gold, signals show
While gold has seen an impressive 43% return in the past year, signs from the US and other parts of the world suggest a shift to non-ferrous metals. With US
Mankind may end up spinning out a winner in consumer brands unit
The company entered the OTC business in 2007 and it has grown to have established brands such as Manforce, HealthOK, Prega News, AcneStar, Unwanted and Gas-O-Fast. Four of its brands ranked No.1 in their respective categories.
Gold makes a new high of Rs 78,300 on safe-haven, festive demand
Kumar Jain, spokesperson of the India Bullion & Jewellers Association (IBJA) said, “Zaveri Bazaar is buzzing with activity as there is a surge in gold prices. The footfalls have increased by up to 20% on Wednesday compared to a week ago.”
Iran-Israel clash may spill over to Dalal Street
Indian markets were closed on Wednesday. Elsewhere in Asia, South Korea declined 1.2% and Japan declined 2.2%. Taiwan rose 0.75% and Hong Kong jumped 6.2%, maintaining its newfound bullish momentum, driven by China’s stimulus package to revive its economy.
MPC may go for a cut in December if inflation concerns recede
Out of 12 economists ET spoke to, 9 said that it was likely that the MPC would begin to cut interest rates from December onwards. The remaining three respondents were broadly of the view that the MPC is likely to follow a course that is distinct from rate-setters in advanced Continue Reading
Axis Bank eyes AT-1 bond sale for up to Rs 3,000 crore in coming days
The private sector lender had raised the funds at a coupon rate of 7.45%, debt capital market executives had said. The bond issuance had a base size of Rs 2,000 crore and a greenshoe option of Rs 2,000 crore.
Wall Street opens lower as Middle East tensions make investors nervous
USA-STOCKS/ (URGENT)US STOCKS SNAPSHOT-Wall St opens lower as Middle East tensions make investors nervous
D-Street investors richer by Rs 110.57 lakh crore so far in 2024 amid record-breaking rally in markets
The BSE Sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. The benchmark scaled its all-time peak of 85,978.25 on September 27, this year, breaching many milestones.