Motilal Oswal Financial Services expects gold prices to touch ₹81,000 per 10 grams, as the price in the international market is expected to soar to $2,650 an ounce. In its latest report, it said gold recorded a gain of about 14 per cent year-to-date in the domestic market and that of silver was 27 per…
Domestic market buoyed by expectations of a Fed rate cut in September BENGALURU, July 2 Domestic shares hit record highs on Tuesday, led by information technology stocks, which continued to rise on renewed hopes of an interest rate cut by the US Federal Reserve in September. The NSE Nifty 50 was up 0.21 per cent…
In its latest budget presentation, the Narendra Modi-led government reaffirmed its commitment to bolstering capital expenditure (capex) and maintaining fiscal discipline, a strategic stance that has characterized its financial governance in recent years. The budget showcases a significant escalation in capex, which has almost tripled in the past four years, thereby becoming a cornerstone for…
Bombay Stock Exchange (BSE). File. | Photo Credit: Reuters Halting their record-breaking rally, equity benchmark indices Sensex and Nifty buckled under selling pressure as investors pared exposure to oil & gas, capital goods and FMCG stocks amid a bearish trend in global markets. Snapping its six-day rally, the 30-share BSE Sensex declined 269.03 points or…
Bihar Deputy Chief Minister Samrat Choudhary greets Union Finance Minister Nirmala Sitharaman at the pre-Budget meeting in New Delhi. | Photo Credit: Special Arrangement Bihar Deputy Chief Minister Samrat Choudhary, who also held the Finance portfolio, on Saturday demanded further assistance and an additional package for Bihar during the pre-Budget meeting with Union Finance Minister…
Asset management companies (AMCs) in Gift City, Ahmedabad, are set for a major boost following a crucial regulatory change by the Securities and Exchange Board of India (Sebi). By eliminating the restrictive 50% cap on investments from Indians abroad in India-focused funds, Sebi has removed a significant hurdle that has long impeded the growth potential…
Sovereign gold bonds have caught the fancy of investors, who bought Rs 27,031 crore worth of the bonds last fiscal, an amount more than four times the amount invested in 2022-23, on the prospects of higher returns and tax benefits. The bonds bought by investors represented a whopping 44.34 tonne of gold during 2023-24. In…
Stock markets are likely to sustain the momentum thanks to positive global cues. With the much anticipated profit-taking still elusive, traders are debating whether to commit fresh funds or book profits, said an analyst. The market will remain lacklustre till the next key trigger emerges, one of which could be the upcoming Budget presentation, which…
The finance minister presented a vote on account highlighting the government’s achievements in the last five years and laid the foundation for the budget post-election. The priorities for the government visible from the past budgets are infrastructure, investment, inclusive growth and fiscal prudence. The government, barring the covid shock, has achieved the impossible trinity of…
The rupee witnessed range-bound trading against the U.S. dollar in early trade on Monday, amid a negative trend in the domestic equity market. | Photo Credit: Reuters The rupee witnessed range-bound trading against the U.S. dollar in early trade on Monday, amid a negative trend in the domestic equity market. Forex traders said the strength…
