Latest Stock Market News

Covid surge to slow rental housing market recovery

Updated at : 2022-01-17 08:35:03

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The rental housing market had declined by 5-15% across key markets in the country following the viral outbreak in early 2020. It was only in the second half of 2021 that signs of stability started appearing, as companies expected employees to return to office. But then the Omicron-led third wave came in, truncating the growth.

Gold eases as yields gain on Fed rate hike bets

Updated at : 2022-01-17 08:35:03

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Gold prices eased on Monday, as U.S. Treasury yields gained on hawkish signals from the Federal Reserve and markets began to price in a sooner-than-anticipated reduction in balance sheet.

The Dow closed lower on Friday with a big drag from financial stocks as investors were disappointed by fourth quarter results from big US banks, which cast a shadow over the earnings season kick-off.The Nasdaq and the S&P regained lost ground in afternoon trading to close higher.

UltraTech Cement, HFCL, Angel One, Sonata Software, Hathway Cable, Tatva Chintan Pharma Chem and Maharashtra Scooters are among the companies that will announce their December quarter results today.

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A mix of borrowers including Reliance Industries (RIL), State Bank of India, JSW Infrastructure, Shriram Transport Finance and India Clean Energy have also managed to tighten their funding cost by 30-35 basis points from initial projections, after getting bids several times the offer size. A basis point is 0.01%.

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Its total revenue from operations was up 59.02 per cent at Rs 483.77 crore during the quarter under review against Rs 304.21 crore in the corresponding period of the previous fiscal.

Ekta delivered a mammoth return of 2,893,266,376 per cent in the last seven days to $0.4039 from $0.00000001396, as per Coinmarketcap.com data. This means that the token has turned an investment of Rs 1,000 into Rs 2,989.32 crore.

"We have to give a pathway for how to get back on track, a pathway which seems credible, so that the markets have some notion that we are not going to be profligate."

Crypto enthusiasts meet their match: Angry gamers

Updated at : 2022-01-16 16:25:01

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Game publishers are offering NFTs, but skeptical gamers smell a moneymaking scheme and are fighting back.

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The surge in gold imports during the nine months contributed to the widening of the trade deficit to $142.44 billion against $61.38 billion in April-December 2020.

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