Latest Stock Market News

Futures market sees addition of shorts

Updated at : 2022-06-06 08:20:03

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Activity in the stock futures segment is reflecting the uncertain sentiment in the market as traders have been more inclined to take bearish bets in the June series. ET takes a look at top trading bets of the June series and what lies ahead for these stocks

Oil jumps after Saudi Arabia hikes crude prices

Updated at : 2022-06-06 08:20:03

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U.S. West Texas Intermediate (WTI) crude futures were up $1.63, or 1.4%, at $120.50 a barrel after hitting a three-month high of $120.99. The contract gained 1.7% on Friday.

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Markets will be on tenterhooks for the U.S. consumer price report on Friday, especially after EU inflation shocked many with a record high last week.

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The Federal Reserve is on track for half a point interest rate increases in June, July, and perhaps even beyond as fresh job market data showed no sign the U.S. economy is buckling under the pressure of high inflation and rising borrowing costs.

Weak rupee makes NRIs home in on Indian realty

Updated at : 2022-06-06 07:20:02

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The rising interest from NRI homebuyers is being witnessed across segments, from mid-income projects to premium and luxury segments and plotted developments. The Indian currency has depreciated as much as 5.2% against the US dollar in 2022 so far.

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"I am delighted to welcome the Adani Group and GMR onboard on our Ultimate Kho Kho journey," said Tenzing Niyogi, CEO of Ultimate Kho Kho. "This is certainly a strong step forward for Ultimate Kho Kho becoming a sports movement."

Given that India is at the beginning of a potentially large and long growth cycle, I am quite okay with valuations. They are not extended or too cheap, said Ridham Desai replying to a question

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In fact, since the beginning of the ongoing fiscal year on April 1, domestic steel prices have come down by 17%, and are now below their year-ago levels. However, raw material prices remain elevated, which would weigh on the performance of steelmakers such as Tata Steel, JSW Steel, Jindal Steel and SAIL.

The Economic Offences Wing (EOW) of the Delhi Police booked LSF 10 Rose Investments, a US-based subsidiary of Lone Star, and its officials based on a complaint by US-based Hamlin Trust that holds a 33% stake in RattanIndia Finance, a non-banking finance company jointly formed by Rajiv Rattan, former cofounder of Indiabulls Group, and LSF 10 Rose.

The regulator had been bringing up the issue of the unique agreement between HDFC and HDFC Bank over a period as it thought the arrangement was not good for the industry from the structure as well as the risk point of view, claimed the three people who did not want to be identified.

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