Latest Stock Market News

Banks urge RBI not to raise CRR further

Updated at : 2022-06-07 08:20:04

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Indian Banks Association (IBA) made the requests on behalf of the lenders to the central bank last week after excess liquidity dropped to nearly ₹3.5 lakh crore - about half the amount maintained by RBI through the pandemic.

Entry-level and small packs account for up to 55% of fast-moving consumer goods (FMCG) sales, with the exact proportion varying across product categories.

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Once the deal is concluded, it would be the first acquisition by Jindal Stainless Steel under the Insolvency and Bankruptcy Code. Ratan Jindal is the third son of late OP Jindal and the brother of JSW Steel promoter Sajjan Jindal.

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The Dow Jones Industrial Average rose 16.08 points, or 0.05%, to 32,915.78, the S&P 500 gained 12.89 points, or 0.31%, to 4,121.43 and the Nasdaq Composite added 48.64 points, or 0.4%, to 12,061.37.

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Genesys International Corporation, Bombay Rayon Fashions and Polo Hotels are a few companies which will disclose their March quarter earnings today.

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Top oil exporter Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes, just off an all-time peak recorded in May when prices hit highs due to worries of disruptions in Russian supplies.

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There were over 160,000 investors that held Luna on the exchange on May 9 and by May 15 the number grew by 77% in India, according to Rajagopal Menon, vice president at Binance-owned WazirX. It’s unclear how many more investors held TerraUSD.

How to book timely profits using disparity ratio

Updated at : 2022-06-06 20:35:03

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The methodology that we would discuss is not a random one; it is based upon statistics and hence, it would help you take decisions wisely.So, if you are eager to know about that crystal ball that will help you to book timely profits then, let me tell you, that’s the disparity index (or disparity ratio).

"Multiplex industry being a highly sensitive sector, the possibilities of such reactions are inevitable. The recent rally was in anticipation of better business outlook on the back of subsiding Covid cases. However, the current spike in cases and reinstatement of restrictions forced investors to rethink the pace of such recovery.

SBI Card to raise Rs 2,500 cr via NCDs

Updated at : 2022-06-06 19:20:03

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The fund would be raised in one or more tranches, SBI Card said in a regulatory filing.

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