SGX Nifty up 100 points; This is what changed for the market while you were sleeping

The domestic equity market was set to open higher on Wednesday ahead of RBI’s monetary policy outcome. All eyes will be on the central bank’s commentary. Asian peers traded higher after a strong rally in US stocks in overnight trading led by tech stocks. Back home, the IPO of Shriram Properties begins today. Here’s a … Read more

Asian shares hold global equities rally, but oil slips

HONG KONG: Asian shares extended gains on Wednesday, continuing a global relief rally as markets received positive news in early reports about the potential impact of the Omicron variant, although prices began to ease overnight progress. “Markets are very sensitive to any minor new items related to Omicron, and the absence of bad news is … Read more

Abu Dhabi Chemical Company, Reliance Industries form $2 billion production joint venture

Abu Dhabi state-owned Chemicals Derivatives Company (TA’ZIZ) and Indian conglomerate Reliance Industries have agreed to launch a more than $2 billion chemical production partnership in Ruwais, Abu Dhabi, TA’ZIZ said in a statement on Tuesday. Is. The joint venture, called TA’ZIZ EDC & PVC, will build and operate a chlor-alkali, ethylene dichloride (EDC) and polyvinyl … Read more

Future matter: Amazon India chief seeks more time from ED

Amazon India chief Amit Agarwal did not appear before the Enforcement Directorate (ED) on Tuesday, seeking exemption from appearance as he is currently in the United States (US). He is understood to have sought more time from the federal agency. Aggarwal was summoned by the ED in connection with Amazon’s disputed deal with Kishore Biyani-led … Read more

HSBC India inks 1st trade finance deal related to SOFR

HSBC has concluded its first trade finance deal in India involving a secured overnight financing rate (SOFR), joining a select group of local banks that have offered the London Interbank Rate or as an alternative to LIBOR. This new interest rate benchmark has been identified. Markets around the world are gearing up for this alternative … Read more

Walmart CFO says Flipkart open to IPO, but doesn’t set specific timeline

Walmart’s Chief Financial Officer (CFO) Brett Biggs said there is no specific timeline for Flipkart’s initial public offering, even though the online retailer is on a profitable path. “The (Flipkart) business is performing almost as well as we thought. An IPO is still too much for that business. Like everything else, it’s time. Is the … Read more

covid pattern of stock market: recovering fast from every panic

Stocks have jumped wildly since the emergence of the Omicron version of the coronavirus, raising concerns about the pandemic’s potential to ravage the global economy once again. It is the latest round of market turmoil since the outbreak of COVID-19 nearly two years ago, in which the virus repeatedly shook Wall Street’s perceptions of whether … Read more

Ahead of IPO, Shriram Properties raised Rs 268 cr from anchor investors

Shriram Properties on Tuesday said it has raised a little over Rs 268 crore from anchor investors ahead of its initial share sale, which opens for public subscription on Wednesday. According to a BSE circular, the company has decided to allot 2,27,66,949 equity shares at Rs 118 per share to anchor investors, with a transaction … Read more

Trade Setup: Nifty 50 sustains above 100-DMA key for further short-covering rally

Tuesday’s market action was as expected; The Nifty 50 edged higher and recouped its previous day’s loss to settle with gains on Tuesday. As mentioned in the previous technical note, short-covering took place as anticipated, and Nifty 50 also halted its bounce near the key resistance point of the 100-DMA. As the day progressed, the … Read more