Gold was down 0.3 per cent whereas silver was up 0.3 per cent last week as they closed at $2,327 and $30.4 per ounce respectively on Friday. But in the domestic market futures of both metals gained. On the MCX, gold and silver futures was up 0.4 per cent and 1.1 per cent as they…
Domestic markets are expected to open on a flat to negative note on Monday. According to analysts, there is a lack of triggers to keep the market on sideways while select counters will see action today. Also read: Stock to buy today: Bombay Dyeing & Manufacturing Company (₹211.05): BUY Gift Nifty at 24,125 against Nifty…
The upcoming Union Budget is expected to propose changes in the tax treatment of income from futures and options (F&O) segment with an aim to discourage retail participation in the derivatives trading, a report said. Along with various options, the government is said to consider moving income from F&O trading from the head of ‘business…
On Tuesday, the Rupee appreciated four paise and settled at 83.43 against the greenback. The Rupee depreciated 17 paise against the U.S. dollar and settled at 83.60 (provisional) on June 26, weighed down by the strength of the American currency in the overseas market and elevated crude oil prices. “However, a firm trend in domestic…
A security guard’s reflection is seen next to the logo of the Reserve Bank Of India (RBI) at the RBI headquarters in Mumbai. The RBI released the 29th issue of Financial Stability Report on June 27, 2024. | Photo Credit: Reuters The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic…
Banking has undergone a profound change recently due to the advent of the internet and smartphones, completely transforming how we handle our financial affairs. Banks are increasingly employing smart technologies to enhance the convenience and accessibility of automated teller machine (ATM) withdrawals, particularly for individuals who may prefer alternatives to card-based transactions. Here are a…
Gold prices were little changed on Monday as traders awaited more U.S. economic data this week, after recent data showed that inflation stabilised and lifted hopes for the Federal Reserve to cut interest rates later this year. Spot gold was nearly unchanged at $2,322.53 per ounce, as of 0342 GMT. Bullion was up nearly 2%…
Shares of automobile companies will be in focus, as they will declare the June sales figures. Maruti Suzuki, Tata Motors, Ashok Leyland, Escorts, Eicher Motors, TVS Motor Company, Bajaj Auto, Hero MotoCorp among the others will remain in focus. Also read: Domestic markets to open on weak note The board of NTPC has approved for…
Union Budget 2024: Industry leaders requested a host of considerations in the upcoming full Union Budget 2024 during their pre-Budget meeting with Finance Minister Nirmala Sitharaman on June 20. Expectations listed by India Inc. during the two-hour interaction include a reduction in the income tax burden for the common man, an increase in capital expenditure,…
Magnificent 7: Tech stocks are responsible for a big chunk of U.S. stock market gains. | Photo Credit: Reuters Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value. Early last week, Nvidia overtook Microsoft as Wall Street’s most valuable public company. Then…
