29 December 2022, 16:16 PM
Stock market live update: Rupee dips 2 paise to close at 82.82 against US dollar
The rupee consolidated in a narrow range and settled 2 paise lower at 82.82 (provisional) against the US dollar on Thursday. Traders said the domestic unit traded in a narrow range amid softening crude oil prices and weak dollar. At the interbank forex market, the local unit opened weak at 82.77 against the greenback and witnessed an intra-day high of 82.76 and a low of 82.86. It finally ended at 82.82 against the American currency, registering a fall of 2 paise over its previous close of 82.80.
29 December 2022, 15:01 PM
NTECL pays Rs 100.11 crore interim dividend to NTPC
NTPC Tamil Nadu Energy Company Limited (NTECL) has paid an interim dividend of over Rs 100.11 crore to NTPC for 2022-23. NTPC Tamil Nadu Energy Company Limited is a 50:50 joint venture of NTPC Limited and Tamil Nadu Generation and Distribution Corporation (TANGEDCO).
29 December 2022, 14:21 PM
Silver futures decline to Rs 68,815 per kg
Silver futures on Thursday fell by Rs 198 to Rs 68,815 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for March delivery declined by Rs 198 or 0.29 per cent to Rs 68,815 per kg in a business turnover of 20,816 lots. Globally, silver was trading 0.29 per cent lower at USD 23.77 per ounce in New York.
29 December 2022, 14:08 PM
Gold futures fall on low demand
Gold prices on Thursday fell by Rs 81 to Rs 54,680 per 10 gram in futures trade as speculators reduced their positions. On the Multi Commodity Exchange, gold contracts for February delivery traded lower by Rs 81 or 0.15 per cent at Rs 54,680 per 10 gram in a business turnover of 13,537 lots. Analysts attributed the fall in gold prices to the trimming of positions by participants. Globally, gold was trading 0.17 per cent lower at USD 1,812.70 per ounce in New York.
29 December 2022, 14:06 PM
Cottonseed oil cake futures rise on fresh bets
Cottonseed oil cake prices on Thursday rose by Rs 12 to Rs 2,881 per quintal in futures trade as speculators created fresh positions amid higher demand. On the National Commodity and Derivatives Exchange, cottonseed oil cake for January delivery traded up by Rs 12 or 0.42 per cent at Rs 2,881 per quintal with an open interest of 33,440 lots. Marketmen said raising of positions by participants amid increasing demand from cattle-feed makers mainly influenced cottonseed oil cake prices.
29 December 2022, 12:10 PM
India-Australia FTA comes to effect from today
The free trade agreement (FTA) between India and Australia, which comes into effect from Thursday, will help boost bilateral trade in goods and services to cross USD 70 billion in the next five years, according to economic think tank GTRI. The India-Australia Economic Cooperation and Trade Agreement (ECTA) has come into force from December 29. Global Trade Research Initiative (GTRI) said trade of value USD 23 billion would become duty-free from day one.
29 December 2022, 10:46 AM
Supertech offered 9,705 flats without occupancy certificates: Report
Debt-laden Supertech offered 9,705 flats across 18 residential projects to their owners without obtaining occupancy certificates from the respective development authorities, according to a report prepared by the realty firm's interim resolution professional. The Interim Resolution Professional (IRP) Hitesh Goel has submitted the status report about the company to the National Company Law Appellate Tribunal (NCLAT).
Supertech has filed an appeal before the appellate tribunal challenging the National Company Law Tribunal's (NCLT) ruling on March 25 this year, wherein it initiated insolvency proceedings against the company. The matter is pending before NCLAT. The status report, pertaining to 18 residential projects spread across Uttar Pradesh, Haryana and Uttarakhand, was submitted to NCLAT on May 31.
29 December 2022, 09:50 AM
Stock market live updates: Sesnex declines 383 points
Sensex declines 383.19 points to 60,527.09 in early trade; Nifty drops 110.7 points to 18,011.80
29 December 2022, 09:18 AM
Stock market live updates: Asian markets skid
Asian stock markets fell as a result of an increase in COVID cases in China, which alarmed investors who were counting for the world's second-largest economy to pick up speed following the easing of strict COVID limits.
29 December 2022, 07:45 AM
Sensex, Nifty live updates: Stocks to watch today
Brokerage Anand Rathi pick today
Canara BAnk (CANBK)
SELL NEAR 318 | TARGET: 300 | STOP LOSS: 328
After the recent breakdown and a lower top lower bottom formation; the stock CANBK underwent sharp recovery and is now again near 320 mark. Currently it is hovering near 78.6% retracement of the fall and the risk reward look lucrative to go short. Thus we advise traders to sell the stock near 318 with a stop of 328.
29 December 2022, 07:43 AM
Sensex Nifty live updates: Stocks to watch today
Brokerage Anand Rathi pick today
METROBRAND
BUY NEAR 860 | TARGET: 910 | STOP LOSS: 830
On the daily scale we are witnessing a range breakout in METROBRAND above 860 mark. Along with price breakout; even the daily RSI is on the verge of clearing 60 level. We might witness some faster move on the upside once the price is supported with volumes. Thus we advise traders to buy the stock near 860 with a stop loss of 830.
