The insatiable appetite for gold of Indian consumers, peppered with economic uncertainty over the years, has seen the yellow metal outperform equity markets over the past decade. From around 20,000 rupees per 10 grams in Dhanteras, a day considered conducive to buying gold and gold jewelry, in October 2010, gold …
Read More »Pfizer’s CEO withdrew 60% of its shares on the same day the company released the results of its COVID-19 vaccine test.
Pfizer CEO Albert bourla sold 62% of its shares in the company on the same day that the pharmaceutical company announced the results of its Vaccine for COVID-19 judgment. Bourla sold $ 5.6 million in shares on Monday as part of a predetermined trading plan adopted on August 19. its …
Read More »Indices end at an all-time high for the second day, Sensex earns 680 pts, exceeds 43K
Extending their winning streak to the seventh consecutive session, the benchmark indices gained more than 1 percent to hit record levels for the second consecutive session on Tuesday. Investor confidence got a big boost after Pfizer said its experimental Covid-19 vaccine was more than 90 percent effective based on the …
Read More »Polarized rally, half of Nifty shares fell 10-45% despite index at all-time highs
Mumbai: Even as benchmarks hit all-time highs on Monday, more than half of Nifty’s shares are still performing massive. In early trading, the 50-share index hit the all-time high of 12,451.80, while the Sensex also broke its all-time high at 42,566.34. The data showed that around 27 stocks that make …
Read More »2020 US Elections: Odds of Gambling Reduced But Still Favors Trump Over Biden – US Presidential Election.
The betting market odds in the US presidential election have started to tighten once again after switching in favor of Republican President Donald Trump over Democratic candidate Joe Biden, according to data from three aggregators. Click here for full coverage of the 2020 U.S. elections Britain-based exchange Smarkets gives Trump …
Read More »SBI Q2 Result: Earnings Increase 52% YoY to Rs 4,574 CR; improves asset quality
The independent net profit for the September quarter (Q2FY21) of the State Bank of India (SBI) increased 52 percent year-on-year to Rs 4,574.16 crore as the lender’s provisions decreased during the quarter. In comparison, it had made a net profit of Rs 3,011.7 crore during the corresponding quarter of fiscal …
Read More »Finance raises rates; Sensex ends 504 pts prior to the US survey result.
The Indian stock market closed Tuesday up 1 percent, supported by favorable global signals, ahead of the outcome of the US presidential election. Analysts say that while predicting the outcome of the election is more difficult than never a victory for Democratic candidate Joe Biden will be good for emerging …
Read More »F&O expiration: L&T, HDFC twins drag Sensex 173 pts; Nifty is set at 11,671
Indian markets were unable to sustain their slight recovery in midday trading and fell half a percent, before the October series derivatives contracts expired. The S&P BSE Sensex was trading around 39,700 levels, down 220 points. The index hit an intraday low of 39,524. Meanwhile, the broader Nifty50 index hovered …
Read More »Bihar elections, increase in Covid cases: this is the reason why Sensex sank 600 pts today
After posting decent gains in the previous session when the benchmark indices gained nearly 1 percent, the S&P BSE Sensex fell 600 points, or about 1.5 percent, to 39,922 levels, while the NSE’s Nifty 50 Index ended the session at 11,730 levels, down 160 points. , or 1.34 percent. Sales …
Read More »Sensex Up 377 Pts As Financials and Consumer Goods Rebound; Nifty ends at 11,889
The national stock market closed about 1 percent higher on Tuesday, led by gains in financial and consumer goods stocks. Also, hopes for higher inflows after Morgan Stanley Capital Investment (MSCI) said it will implement the new regime on foreign ownership limits (FOL) on MSCI global indices containing Indian stocks …
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