Gold emerges as top beneficiary from reserve diversificationEuro seen gaining in the short term; yuan poised for long-term rise As global trade fragments and geopolitical tensions rise, central banks managing trillions in foreign reserves are increasingly looking beyond the U.S. dollar. According to a report from the Official Monetary and Financial Institutions Forum (OMFIF), due…
KPIT Technologies shares dropped over 5% on Tuesday after the company released a cautious mid-quarter update, highlighting persistent uncertainty in the business environment. Shares of the Pune-based automotive IT firm declined as much as 5.11% on the BSE, hitting an intraday low of ₹1,319.70 despite an overall positive market trend. On the National Stock Exchange,…
The EUR/USD pair fell below the $1.15 mark on Monday as the U.S. dollar gained traction as a safe-haven asset. The move follows U.S. airstrikes on three Iranian nuclear facilities over the weekend, signaling America’s direct involvement in the escalating Israel-Iran conflict. Market participants are closely monitoring Tehran’s potential response. The dollar’s strength was further…
Oswal Pumps shares opened on the stock exchanges with a marginal premium on Friday, June 20. On the National Stock Exchange (NSE), the stock opened at ₹ 634—a gain of 3.26% over its issue price of ₹ 614. On the Bombay Stock Exchange (BSE), it listed marginally lower at ₹ 632, reflecting a 2.93% premium….
JioBlackRock Mutual Fund has submitted draft documents to SEBI for the launch of its first two debt-oriented offerings: the JioBlackRock Liquid Fund and the JioBlackRock Money Market Fund. This move follows SEBI’s recent approval of the fund house’s operations, the unveiling of its leadership team, and the launch of its official website. JioBlackRock Liquid Fund…
Sacheerome IPO Allotment Status & GMP: How to Check Online as Listing NearsSacherom IPO, which closed for subscription on June 11, 2025, is up for allotment soon. Investors are eagerly waiting for the listing on the NSE SME platform, which is scheduled on Monday, June 16, 2025. Sacheerome IPO Details:Registrar: MUFG Intime India Private Limited…
India’s equity indices witnessed a sharp decline on Thursday as market volatility surged. The Nifty50 dropped below the 25,000 mark, while the BSE Sensex plunged 700 points, reflecting investor caution amid global uncertainties. Market Performance at a GlanceNifty50: 24,928.15, down 213 points (-0.85%) BSE Sensex: 81,837.38, down 678 points (-0.82%) Key Drivers Behind the DeclineThe…
The Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP), aimed at strengthening its green financing initiatives. The funds were raised by issuing 12.15 crore equity shares at ₹165.14 per share, which includes a premium of ₹155.14 over the ₹10 face value. The issue price represents…
China’s recent export restrictions on six rare earth elements (REEs) and rare earth magnets have sent shockwaves through global industries. These materials are essential for a wide range of technologies, from clean energy to military applications. The electric vehicle (EV) sector is especially vulnerable, with some manufacturers warning of potential factory shutdowns if the curbs…
Despite a brief return to buying on Friday, Foreign Institutional Investors (FIIs) continue to be net sellers in Indian equities in 2025, with cumulative outflows reaching ₹1.24 lakh crore so far this year. FIIs & DIIs Activity on June 6According to NSE data, FIIs registered net purchases of ₹1,009 crore on Friday, June 6, buying…
