Markets

Gold, Silver prices move up as dollar declines; rates expected to trade sideways this week

We expect gold prices to trade sideways to up in the coming week as prices are witnessing strong resistance. (Image: REUTERS) By Tapan Patel  Commodity prices traded higher during the week passed by with most of the commodities in Non-agro segment witnessing strong buying on a weaker dollar. Bullion...

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Apr 19 · >

Share Market LIVE: Sensex, Nifty may open in red; Macrotech Developers shares to list on bourses today

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets stare at a negative star to the week’s trading session with SGX Nifty down 168 points during the early hours of Monday. via India Infoline

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Apr 19 · >

Bandhan Bank Rating: Neutral – In a position to better growth trajectory

Collection trends in the total portfolio improved to ~96%. Bandhan Bank released its quarterly business update highlighting the trends for Q4FY21. Advances (on book + off book + TLTRO investments) grew by 21.2% y-o-y (8.5% q-o-q). This growth would have been enabled by both the MFI and HFC book...

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Apr 18 · >

Energy: Q4 preview-Steep q-o-q decline likely for OMCs

We note Dahej’s volume has improved over the quarter with March utilisation rate > 100% which augurs well for Q1FY22e. We expect RIL to report 11% q/q Ebitda growth driven by O2C and retail. Subscriber adds in Jio, renewed lockdown in retail and petrochemical margins are key. OMC operating...

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Apr 18 · >

Infosys Rating: Buy – A weak quarter for company in relative terms

Consequently, we think the Q1FY22e results will be the key trigger and provide some visibility on the sustainability of the recent upcycle. Infosys reported relatively weak results for Q4FY21 with revenue up 2% q-o-q compared with the strong 4-5% growth for the past two quarters. However, the result doesn’t...

in Markets
Apr 18 · >

What is Dogecoin, how to buy in India and why the Elon Musk-supported crypto is no more a mere ‘joke’

Created in 2013 by software engineers Jackson Palmer and Billy Markus, Dogecoin was intended to make fun of all the crypto craze that time led by Bitcoin. (Image: Bloomberg) What started as a satirical alternative to Bitcoin, cryptocurrency Dogecoin has been on fire of late following multiple cryptic tweets...

in Markets
Apr 18 · >

PNC Infratech Rating: Buy; Nomura says GAEPL deal will unlock value for firm

We believe the re-opening of the economy and subsequent improvement in toll collections have revived the interest in the deal from Cube Highways. PNCL has announced that the company along with other partners has reached an agreement with Cube Highways (unlisted) to divest the GAEPL (Ghaziabad Aligarh Expressway Pvt...

in Markets
Apr 17 · >

Glenmark Life Sciences files IPO papers with SEBI; plans to sell over 73 lakh shares via OFS

According to the shareholding pattern of Glenmark Pharmaceuticals Ltd, the promoter and promoter group collectively hold 13.15 crore shares. Glenmark Life Sciences Ltd, a subsidiary of Glenmark Pharmaceuticals Ltd, filed a Draft Red Herring Prospectus (DRHP) with the capital markets regulator SEBI for its initial public offering (IPO). The...

in Markets
Apr 17 · >

Lodha Developers’ Macrotech IPO listing day strategy: Weak subscription disappoints; sell or hold shares?

Lodha Developers group company Macrotech IPO was the first public issue of the new fiscal 2021-22 and it will list amid the second wave of COVID-19 concerns. Macrotech Developers Ltd’s, erstwhile Lodha Developers, which recently raised Rs 2,500 crore through initial public offering (IPO), on Friday informed that it...

in Markets
Apr 17 · >

Petrol and Diesel Price Today in India: Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad and More Cities

Petrol and Diesel prices are fixed on the basis of freight charges, local taxes, and VAT. Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel remained unchanged on Saturday, April 17, 2021, for the second consecutive day after seeing a cut in...

in Markets
Apr 17 · >
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