Will the Nifty50 continue its run and touch 15,500 levels? That’s the question on analysts’ minds as they keep a close watch on the benchmark index in the coming weeks. The Indian markets have seen historic peaks in recent times, first with the BSE Sensex touching 50k levels and then last week, getting to 51,000 …
After a steep 4-day dip, gold prices continued to struggle today as well. Gold futures on MCX rose 0.3% to Rs 46,857/ 10 grams, whereas silver rose 0.6% to Rs 67,239/kg. In the last session, gold had dropped Rs 1000 or 2%/10 grams while silver had dropped Rs 1500 or 2.1%/kg. The precious yellow metal …
Global stock markets have been on a sustained bull run in spite of the shadow of the coronavirus pandemic that has entered second waves in many regions. Indian stocks too have continued their bull run ever since the Union Budget was announced. The Sensex and Nifty, India’s benchmark indices opened Friday on record levels, at …
An important announcement in Budget 2021 was that the government would divest its stake in two public sector banks (PSBs) and a general insurance company. The Finance Minister also announced that the divestment of IDBI Bank would be completed in the coming fiscal. The disinvestment target for FY 2021-22 has been pegged at Rs 1.75 …
In a key turn of events for the Indian and global market, the Securities Exchange Board of India (SEBI) banned Future Group founder and CEO Kishore Biyani from accessing the securities for one year. Why has this happened, and what are the repercussions? Let’s find out. Why the ban? The move is a result of …
Growth forecasts are when financial tools are used to assess the economic conditions and future of a country. Growth forecasting is carried out by a variety of organizations on a professional level. However, within the last 60 years, public and private institutions across the world have developed a wealth of analytic tools to analyze the world’s …
It’s a high-stakes battle between US e-commerce behemoth Amazon and billionaire Mukesh Ambani owned Reliance Industries, as they try to hog India’s e-commerce space. Caught in this big battle is Kishore Biyani-led Future Group. In August 2020, Reliance Industries announced the acquisition of Future Group for Rs 24,713 crore in a bid to strengthen its …
If you’re a regular on news pages, on Reddit, or even on the internet in general, you must’ve come across the words ‘GameStop’, ‘Reddit’, and ‘r/wallstreetbets’ a lot. It surely looks funny even to stock market outsiders, and not just because Elon Musk was involved. Let us look at what exactly happened, followed by what …
Farmer groups in India have been protesting against three farm bills introduced in September, with heightened agitations held on the country’s Republic Day. The laws were aimed at bringing in reforms in the agriculture markets and boost farmer incomes. However, the farmers’ contention has been that the new rules would make it easier for corporations …
In what has been an unprecedented time for global economies, billionaires worldwide saw their wealth grow by a massive $3.9 trillion between March 18 and December 2020, according to Oxfam’s ‘Inequality Virus Report’ that was released at the World Economic Forum in Davos. The world’s billionaire wealth collectively touched $11.95 trillion, the report said. What’s …
