A buy-on-dips strategy appears favourable heading into the festive week, with strict stop-loss placed below the previous week’s low of 138,000. Gold and silver price prediction today: Gold and silver prices have recovered from recent lows but may face some upside resistance, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. Here…
Fireworks on Dalal Street Stock market today: Dalal Street brought an early Diwali bonanza for investors on Thursday, with Sensex soaring over 1,600 points and Nifty50 gaining 2% in early trade. The rally added over Rs 6.9 lakh crore to investors’ wealth, as easing crude oil prices, renewed foreign investor buying and improving global sentiment…
Stock market extended its winning streak for the fifth consecutive session on Wednesday, with the Sensex climbing nearly 384 points to close above the 77,000 mark. Buying in blue-chip financial, FMCG and automobile stocks, continued foreign fund inflows and easing crude oil prices supported the rally. The BSE Sensex gained 384 points to settle at…
BENGALURU: A Democratic majority in Congress may shift the tone of the US immigration debate, but it is unlikely to bring immediate policy relief for Indian technology professionals or employers.Experts believe a Democratic victory could help temper anti-immigrant sentiment and the political rhetoric targeting Indian technology professionals, creating a more favourable environment for skilled immigration…
Crude prices fall below $100 per barrel Oil prices continued to ease on Thursday, with Brent crude and US West Texas Intermediate (WTI) tumbling below the $100-per-barrel threshold.Brent slipped below the $95-per-barrel mark, while WTI fell below $90, as markets continued to react to the political fallout of the US midterm elections and the possibility…
MUMBAI: Sensex rose for the fifth consecutive session on Wednesday, resulting in the benchmark index gaining 4,055 points or 5.5% during this stretch. FPIs have played a key role in this run, having turned net buyers.After a muted start to the session, the index reversed course as the US mid-term election results began pointing to…
MUMBAI: With chances of a diplomatic resolution to the US-Iran conflict rising after the Democratic sweep of the mid-term elections, oil prices dipped on Wednesday. In evening trades, Brent crude was down 2.8% at just above the psychologically important $100 level, down from $117 level last week. Falling crude prices also had a positive impact…
NEW DELHI: Industry body Ficci has sought restoration of long-term capital gains tax (LTCG) exemption on listed securities, while “appropriately” raising the securities transaction tax (STT) on delivery-based transactions to protect govt revenue.During a pre-budget meeting with revenue secretary Arvind Shrivastava on Wednesday, the industry lobby group also suggested that the regime should be maintained…
NEW DELHI: Cabinet Wednesday approved a Rs 2,814 crore scheme to boost domestic processing of lithium and nickel, reducing dependence on imports of critical minerals.PM Narendra Modi said India cannot afford to depend on other countries for processing such materials. The scheme would encourage domestic investment and secure future supplies, he wrote on X.Union ministry…
NEW DELHI: The Centre is on course to monetise land worth Rs 15,000 crore belonging to central public sector enterprises (CPSEs) during the current financial year through National Land Monetisation Corporation (NLMC), with transactions amounting to Rs 9,000 crore already finalised so far this year, an official told TOI.The land monetisation pipeline for this year…
