The share price of Reliance Industries Ltd., or RIL, continued to rise on Wednesday. Today’s Reliance share price started out positively and eventually reached an intraday high of $2,291.45 per share on the NSE. Given that Reliance has been a large-cap stock and Sensex heavyweight since the start of 2023, the company’s share price’s Tuesday…
ZURICH: Switzerland’s political elite were covertly planning a move that would shock the world days before a hastily called press conference late on Sunday that would make headlines around the world.Behind closed doors, a scramble to save the country’s second-largest bank was underway even though Credit Suisse was publicly deemed sound by the central bank…
BENGALURU: In response to a slew of temporary relief provided by moves to stabilise the global banking sector, financials stocks rose, and Indian markets ended the day higher.The S&P BSE Sensex increased 0.77% to 58,074.68 while the Nifty 50 index closed 0.70% higher at 17,107.50, marking their largest single-day advances since the failure of Silicon…
SBI Mutual Fund, ICICI Prudential, and the French foreign institutional investor (FII) Societe Generale—ODI have all purchased stakes in PVR through BSE bulk sales. According to data from BSE bulk trades, PVR shares were purchased by SBI Mutual Fund for over 229 crore, ICICI Prudential Mutual Fund for 100 crore, and France FPI for a…
According to BofA Global Research, India’s blue-chip Nifty 50 index would remain flat this year, which would be its worst performance in seven years, and underperform other emerging markets and debt. BofA reduced its Nifty 50 year-end goal by 8.3% to 18,000 points because it anticipated that the index will be volatile and fluctuate throughout…
As parent company IDFC Ltd. declared its intentions to complete the merger with its affiliate during the current fiscal year, barring unforeseen circumstances, shares of private sector lender IDFC First Bank increased 1.38 percent to 55.05 per share during Tuesday’s early trade. According to IDFC, the corporate simplification process has reached its conclusion. The company’s…
In early morning trades, the share price of Reliance Industries Ltd., or RIL, recovered from its low point from March 2022. Sensex heavyweight and large-cap firm Reliance’s share price today opened with an upside gap and went on to reach an intraday high of roughly $2,270 per share, which caught the attention of stock market…
On Monday, the Multi Commodity Exchange (MCX) saw gold prices leap to an intraday record as investors flocked to safe-haven assets in the wake of the US and European banking crises. The price of the precious metal increased to 60,455 per 10 gm (excluding 3% GST) on the MCX, while it reached a 31-month high…
People who know about the situation say that UBS Group AG is in talks to take over some or all of Credit Suisse Group AG. This could involve a government backstop, which is part of an urgent effort by Swiss and global authorities to restore trust in the banking system. This week, Credit Suisse got…
This week, there were a lot of bumps on the financial markets because people were worried about the health of the banking sector. The EUR/USD pair traded between 1.0515 and 1.0759 before settling above 1.0600, which was just a little bit lower than where it started on Monday. A banking catastrophe in the makes After…
