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CNBC’s Jim Cramer on Monday said that investors should not be afraid of the latest rotation in the market, arguing that the move has created chances to buy good companies that have fallen because of institutional selling. Cramer, a former hedge fund manager and the host of CNBC’s Mad Money, said Monday’s market action was…
NCDEX has relaunched black pepper futures, reviving one of its oldest commodity contracts after more than a decade and seeking to re-establish India as a global benchmark for price discovery in the spice. The exchange said India remains one of the world’s largest producers, consumers and processors of black pepper, but has lacked an active…
Micron Technology shares fell more than 7% on Tuesday, while Intel crashed nearly 8% as investors turned cautious on semiconductor stocks, with strong earnings from Samsung Electronics failing to calm concerns that the AI-led chip rally may have run too far. The selloff hit several chip names. Intel fell 3.3%, while Marvell Technology dropped 4.5%…
Kalyan Jewellers reported an estimated 38% year-on-year growth in consolidated revenue for the first quarter of FY27, driven by strong demand in the domestic market and robust same-store sales despite the entire 28-day Adhik Maas period falling within the quarter. The India business grew by more than 38%, while same-store sales rose around 28%, underscoring…
The Reserve Bank of India (RBI) on Tuesday said it will conduct an overnight variable rate repo (VRR) auction for a notified amount of Rs 25,000 crore on July 8. The auction will take place between 9:30 am and 10:00 am on Wednesday, and the funds will be reversed on July 9, according to the…
MUMBAI: A trading combination involving Nifty options is gaining prominence among savvy trading desks of institutional investors. The strategy, known as calendar spread, where traders simultaneously sell options contracts in the current month and purchase in the next month, is being recommended by brokers to institutional clients, who see sharp moves in Nifty options’ implied…
LONDON/MUMBAI: Shares of NRI billionaire Anil Agarwal-led Vedanta Resources on Friday plunged 5.59 per cent on the London Stock Exchange amid talk that it may acquire a majority stake in the Indian arm of Cairn Energy. In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on…
Five midcap mutual funds delivered over 20% annualised returns in the past three years, led by HSBC Midcap Fund at 26.3%, highlighting strong wealth creation despite market volatility.
BlackRock on Tuesday announced the launch of the iShares Nasdaq 100 ETF, aiming to capitalize on strong investor demand for exposure to the AI-led rally in U.S. technology stocks, according to a Reuters report. The exchange-traded fund (ETF), which tracks the Nasdaq-100 Index, will begin trading on Thursday. Its launch comes just months after Nasdaq…
MUMBAI: Shares of Cairn India Ltd on Friday climbed over 5 per cent to hit a record high of Rs 358 on the BSE amid reports that Vedanta Resources is in talks to buy a majority stake in the subsidiary of UK-based Cairn Energy. The scrip, which was flat for most of the session, shot…