11843 stories by IPA Staff
Gold prices edge higher, follow international market; check MCX gold resistance, support levels
Gold prices saw routine downside correction yesterday after five days of gain. Image: reuters Gold prices were trading firm on Friday, following international markets as a softer US dollar, falling Treasury yields and a dip in equities increased yellow metal’s safe-haven appeal. MCX gold June futures were trading Rs...
Jindal Steel and Power share price jumps 9% so far this week; steel cycle could help extend rally
On Friday, Jindal Steel and Power shares were trading at Rs 438 apiece, down 0.7% amid the weak market sentiment. (Image: REUTERS) Jindal Steel and Power share price is up 9% so far this week while benchmark indices continue to remain range-bound. The stock started rallying after the company...
SGX Nifty down 75 pts, Sensex, Nifty stare at gap-down start; 5 things to know before market opens
Market participants will take cues from rising COVID-19 cases, oil prices, corporate earnings, rupee movement and other global cues. Image: Reuters SGX Nifty was trading over half a per cent weak in the early morning trade, hinting at a gap-down start for BSE Sensex and Nifty 50 on Friday....
Share Market LIVE: Sensex moves between gains and losses in pre-open session, Nifty gives up 14,400
Share Market News Today | Sensex, Nifty, Share Prices LIVE: On Friday morning, SGX Nifty slipped 50 points, hinting at a gap-down start for equity markets. via India Infoline
HCL Tech, Vedanta, RIL, Future Retail, Tata Motors, Wipro, HDFC, M&M, Torrent Power stocks in focus
Asian stock markets were seen trading weak, taking cues from an overnight drop on Wall Street. SGX Nifty hints at a negative opening for domestic equity benchmarks BSE Sensex and Nifty 50 on Friday. In the previous session, the 30-share index ended 374 points higher at 48,080 while the...
Cong Takes Dig at EC Over Restrictions Announced on Poll Campaigning in West Bengal
After the Election Commission (EC) imposed strict restrictions on holding public rallies and poll campaigning in West Bengal, the Congress said the direction has come late as the Assembly elections in four states and a Union Territory are almost over. ”Ha! Ha! Ha!. What a strong direction by ECI...
Analyst Corner: ‘Buy’ on Brookfield India REIT with DCF-based TP of Rs 296
We expect BREIT’s Net Operating Income (NOI) to grow at a 9% CAGR over FY21-23E based on the expected ramp up in occupancies in existing assets, annual rental escalations (4-5% annual escalation in existing contracts) and mark-up of leases which are expiring. (Representative image) We initiate coverage on Brookfield...
Nestlé: Maintain ‘buy’ with target price of Rs 20,000
Q1CY21 results were resilient and impressive despite high base, Nestlé’s domestic sales growth at 10.2% y-o-y was volume and mix-driven. By HSBC Global Research Nestlé’s Q1CY21 10.2% y-o-y India sales growth despite a strong base, with 17% EBITDA growth, indicates resilience. But Nestlé significantly underperformed last year, driven by...
Uttar Pradesh govt purchases 5.24 lakh tonne wheat in 22 days
For the benefit of farmers, the government has started geo-tagging of all storage godowns and purchasing centers through remote sensing application centre. The Uttar Pradesh government has procured 5.24 lakh tonne of wheat in the first 22 days of the ongoing rabi marketing year, which began on April 1....
Companies Spending for Setting Up Makeshift Hospitals to Be CSR Activity: Govt
The government on Thursday said spending by corporates for setting up makeshift hospitals and temporary COVID-19 care facilities will be considered as CSR activities. Under the companies law, certain class of profitable entities are required to spend at least 2 per cent of their three-year annual average net profit...
Fitch Affirms BBB- Rating, Says COVID Surge May Delay India’s Economic Recovery
New Delhi: Fitch Ratings on Thursday said the resurgence of COVID-19 infections may delay India’s economic recovery, but won’t derail it, as it kept the sovereign rating unchanged at ‘BBB-‘ with a negative outlook. It projected a 12.8 per cent recovery in GDP in the fiscal year ending March...
Over 79 Pc Voter Turnout Recorded Till 5 Pm
The sixth phase of the West Bengal assembly election held on Thursday for 43 seats recorded a voter turnout of 79.09 per cent till 5 pm, the Election Commission (EC) said. A total of 7,466 out of the 14,480 polling stations across the constituencies were monitored live through webcasting,...
Jump in Covid-19 Cases, Lockdowns Add Uncertainty to Growth Outlook, Says RBI Guv
The uncertainty created by the jump in Covid-19 infections and localised lockdowns prompted RBI Governor Shaktikanta Das and other members of the rating setting panel MPC to unanimously vote for status quo in interest rates and an accommodative policy stance to support growth, as per minutes of the meeting...
Commerce Ministry for Anti-dumping Duty on Certain Copper Items from China, 5 Others
The Commerce Ministry’s investigative arm DGTR has recommended imposition of anti-dumping duty on the import of certain copper products, used in electrical industry, from China, Thailand, Korea and three other countries for five years to guard domestic manufacturers from cheap imports. The Directorate General of Trade Remedies (DGTR) has...
Telangana Political Parties In A Tizzy As Voters Reluctant To Meet Campaigners During Siddipet Municipal Polls
Reluctant voters put banners against the house-to-house campaign for Siddipet Municipal polls. (Image: News18) Some of the residences have put up banners at their gates requesting political parties not to visit their houses for any campaigning. CNN-News18 Hyderabad Last Updated:April 22, 2021, 18:22 IST FOLLOW US ON: Ahead of...
IDBI Invites Application for Chief Data Officer, Other Posts; Check Details Here
The Industrial Development Bank of India (IDBI) has invited applications for Chief Data Officer, Deputy Chief Technology Officer, Chief Information Security Officer and Head- Digital Banking posts from experienced candidates on a contractual basis. The interested and eligible candidates can apply for the same by visiting the official website...
Nureca share price hits upper circuit for 4th straight day; investors money more than doubled so far in April
With the increasing number of COVID cases, the demand for its products is increasing which is directly benefiting the company. Image: Reuters Nureca share price hit the upper circuit for the fourth consecutive day on Thursday, rising 5 per cent to Rs 1,218.60 apiece. The stock of home healthcare...
Sensex, Nifty rebound to end with gains; are bulls gearing up for a comeback?
Bank stocks came back from the lows with ICICI Bank gaining 3.6% to end as the top Sensex gainer. (Image: REUTERS) Stock markets closed with gains on Thursday, coming back strong after having opened with losses. S&P BSE Sensex closed 374 points higher at 48,080 while the 50-stock NSE...
