The Bombay Stock Exchange (BSE) has introduced Electronic Gold Receipt (EGR) on its platform, which will help in the quick and accurate determination of the metal’s price.
Everything You Should Know About IPO
When you hear the word IPO, you might automatically assume that it means it’s an initial public offering. This term has multiple meanings.
All You Need to Know About Coffee Can Investing
If you are looking for a safe stock market investment, then you should start investing in coffee can investment.
What is an Auction market?
Auction Market – The maximum price a buyer is willing to pay (bids) and the lowest price a seller is willing to accept decides the pricing.
Indian stocks are down more than 1% as IT and banks take a hit
Early Thursday, Indian stocks fell more than 1%, dragged down by losses in information technology and banks, while a government decision to raise taxes on fuel exports and domestic crude hammered energy stocks. As of 0351 GMT, the NSE Nifty 50 index NSE NIFTY was down 1.2% at 17,552, while the S&P BSE Sensex (.BSESN) was down 1.23% at 58.806.99. Nifty IT index NSF:CNXIT fell 1.7%. Furthermore, the bank index fell 0.9%. The Indian government raised taxes on aviation, diesel fuel exports, and domestic crude oil late Wednesday, dragging the NSE:CNXENERGY index down 1%. SpiceJet NSE:SPICEJET shares fell up to 14.7% after its chief financial officer resigned, as the low-cost carrier reported a larger quarterly loss and faced increased scrutiny over mid air incidents. Meanwhile, India’s economy expanded at its fastest rate in a year, 13.5% year on year, in the April-June quarter, though economists warn that growth may slow in the coming quarters as higher interest rates cool economic activity.