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24 Jun

Aluminium futures prices downturn on weak demand

Business CorrespondentBusiness, News

New Delhi, June 24: Aluminium prices fell by Rs 2.75 to Rs 247.70 per kg in futures trade on Tuesday as participants cut their positions following a weak trend in the spot market. Aluminium contracts for July delivery fell by Rs 2.75, or 1.1 percent, to Rs 247.70 per kg on the Multi Commodity Exchange in a business turnover of 3,574 lots. Analysts said aluminium prices fell mainly due to participants cutting their positions due to sluggish demand from consumer industries.

23 Jun

Silver futures prices increase as bets rise

Business CorrespondentBusiness, News

New Delhi, June 23: Silver prices rose by Rs 270 to Rs 1,06,494 per kg in futures trade on Monday as participants raised their bets. The price of silver contracts for July delivery on the Multi Commodity Exchange rose by Rs 270, or 0.25 percent, to Rs 1,06,494 per kg in a business turnover of 12,571 lots. Analysts said fresh deals by participants led to a rise in silver prices. Globally, silver was trading 0.27 percent higher at $36.18 an ounce in New York.

21 Jun

HDFC Bank share price rose, HDFC Financial Services announces IPO date and price band

Business CorrespondentBusiness, News

HDFC Bank share price: Shares of HDFC Bank Ltd surged on Friday, June 20, after its subsidiary HDB Financial Services announced that its initial public offering will be open for subscription from June 25 to June 27. HDFC Bank holds a 94.36% stake in HDB Financial Services. The initial share sale has reserved a portion for eligible HDFC Bank shareholders. HDFC Bank share price The stock rose 1.31% to ₹1,960.6 per share at 2:12 pm on the National Stock Exchange. The company has a market capitalisation of ₹15,03,371.15 crore. HDB Financial Services Ltd on Thursday filed its red herring prospectus…

20 Jun

Gold prices rose: Futures prices rise by Rs 754

Business CorrespondentBusiness, News

New Delhi, June 20 Gold prices rose by Rs 754 to Rs 98,575 per 10 grams in futures trade on Friday as speculators created fresh deals amid strong spot demand. On the Multi Commodity Exchange, gold contracts for August delivery rose by Rs 754, or 0.76 percent, to Rs 98,575 per 10 grams in a business turnover of 14,251 lots. Analysts said fresh deals by participants led to the rise in gold prices. Globally, gold futures in New York fell 0.72 percent to $3,346.58 an ounce.

19 Jun

Gold price downfalls by Rs 150, silver falls by Rs 1000

Business CorrespondentBusiness, News

New Delhi, Jun 19 Gold prices in the national capital on Thursday fell by Rs 150 to Rs 1,00,560 per 10 gram amid a fall in the prices of precious metals in the international markets, according to the All India Sarafa Association. The precious metal of 99.9 percent purity had closed at Rs 1,00,710 per 10 gram in the previous market session. Gold of 99.5 percent purity on Thursday fell by Rs 150 to Rs 99,800 per 10 gram (inclusive of all taxes). On Wednesday, the yellow metal had closed at Rs 99,950 per 10 gram. Silver also retreated from…

18 Jun

Zinc futures prices upgrade on high demand

Business CorrespondentBusiness, News

New Delhi, June 18: Zinc prices rose by Rs 1.10 to Rs 253.60 per kg in futures trade on Wednesday on strong spot demand. The price of zinc contract for July delivery on the Multi Commodity Exchange rose by Rs 1.10 or 0.44 per cent to Rs 253.60 per kg in a business turnover of 1,790 lots. Zinc prices rose in futures trade as participants increased their deal sizes following a pick-up in demand from consuming industries, market sources said.

17 Jun

Aluminium futures prices decay on weak demand

Business CorrespondentBusiness, News

New Delhi, June 17: Aluminium prices fell by 95 paise to Rs 242.35 per kg in futures trade on Monday as participants cut their positions following a weak trend in the spot market. Aluminium contracts for July delivery fell by 95 paise, or 0.39 percent, to Rs 242.35 per kg on the Multi Commodity Exchange in a business of 1,538 lots. Analysts said aluminium prices fell mainly due to participants cutting their positions due to sluggish demand from consumer industries.

16 Jun

Copper futures prices upturn on increased spot demand

Business CorrespondentBusiness, News

New Delhi, June 16 Copper futures prices rose 0.06 percent to Rs 881.10 per kg on Monday due to increased spot demand. The price of copper contracts for July delivery on the Multi Commodity Exchange rose 55 paise or 0.06 percent to Rs 881.10 per kg in a business turnover of 2,904 lots. Analysts attributed the rise in copper prices to higher bets by participants.

14 Jun

Rupee downturn 56 paise to 86.08 against US dollar

Business CorrespondentBusiness, News

Mumbai, June 14 The rupee fell 56 paise to 86.08 against the US dollar in early trade on Friday as global oil prices rose and the dollar strengthened amid escalating tensions in the Middle East following Israel's fresh attack on Iran's nuclear sites. Forex traders said a weak start in domestic equity markets and heavy FII outflows contributed to the fall in the local unit. At the interbank foreign exchange market, the local unit opened at 86.25 against the dollar and then eased to 86.08, down 56 paise from its previous close. The rupee had closed at 85.52 on Thursday.…

13 Jun

Paytm shares fall 10% amid massive sell-off; know why the stock plunged

Business CorrespondentBusiness, News

Shares of One97 Communications, the parent company of payment solutions provider Paytm, fell 10% on the National Stock Exchange and hit an intraday low of Rs 864.40. Shares of Paytm fell 9.97% on the BSE and hit an intraday low of Rs 864.20. This sharp fall in Paytm shares came after the Finance Ministry dismissed speculations of the implementation of Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions. The Finance Ministry said in a post on social media on Wednesday, "Speculations and claims of imposition of MDR on UPI transactions are completely false, baseless and misleading. Such baseless…