UBS has downgraded MCX to neutral but raised the target price to Rs 3,600 from Rs 3,200 earlier. Analysts said that bourse’s peak earnings momentum is likely behind as there’s been elevated volatility across key commodities in recent months. So far in the April-June quarter (Q1FY27) there’s been healthy volumes on the exchange, after normalizing…
NEW DELHI: Medicines used for diabetes, high blood pressure, heart disease, infections and women’s health are among 30 drug formulations for which National Pharmaceutical Pricing Authority (NPPA) has fixed retail prices, a move that could significantly reduce treatment costs for patients who depend on long-term medication.The latest notification covers several drugs commonly prescribed for chronic…
NEW DELHI: Foreign investors continued to pare their exposure to Indian equities, withdrawing Rs 32,963 crore in May. Besides FPIs, analysts expect developments around the West Asia war, crude oil prices, and the RBI’s interest rate decision to determine the equity-market trend in the event-heavy week ahead.In 2026 so far, the total outflow by foreign…
MUMBAI: While the majority of forecasters and market participants expect Reserve Bank of India‘s Monetary Policy Committee meeting to vote for a status quo on interest rates, the forthcoming MPC statement on June 5 will be observed minutely.With disruptions owing to the West Asia conflict now approaching 100 days, this is no longer a short-term…
In the upcoming week, gold prices will be shaped by developments in US–Iran peace negotiations, movements in crude oil rates and a series of macroeconomic data releases. Analysts have said that speeches by officials of the US Federal Reserve could also play a key role in shaping interest rate expectations, which in turn may guide…
Planning a bank visit in June? You might need to check the bank holiday list first! Customers should plan their bank trips in advance as branches in several states are headed for holidays in the month of June. Since these holidays differ from state to state, it is better to check the holiday list first…
Domestic aviation in the country slowed down in April, with passenger traffic slipping 4.2% to just over 1.38 crore compared to March, according to the latest data released by the Directorate General of Civil Aviation (DGCA). The decline comes amid multiple headwinds, including relatively softer travel demand.The DGCA figures showed that airlines transported more than…
Seven of India’s 10 most-valued companies saw their combined market valuation shrink by Rs 1.54 lakh crore last week, with Reliance Industries accounting for the biggest decline. The losses came during the holiday-shortened trading week in which the BSE Sensex fell 639.61 points, or 0.84%, while the NSE Nifty slipped 171.55 points, or 0.72%.Among the…
Trade negotiations between India and the United States are set to gain momentum, with senior officials from both countries beginning a four-day meeting in New Delhi on Monday to work out the final details of an interim trade agreement.The US delegation will be led by chief negotiator Brendan Lynch, while India will be represented by…
Dalal Street is set for a busy week as investors will be tracking domestic and global developments. The RBI’s interest rate decision, key economic data releases, crude oil prices and the evolving US-Iran situation are expected to be the main factors driving market sentiment. Market participants will also keep a close watch on macroeconomic indicators,…
