Market News

Oil held steady after a two-day decline after an industry report flagged a significant drop in U.S. commercial crude inventories. Brent crude was trading above $73 a barrel, having lost 1.8% over the previous two sessions, while West Texas Intermediate was near $70. The American Petroleum Institute said U.S. inventories shrank by 4.7 million barrels…

Brent crude futures fell, while WTI futures traded lower on Wednesday morning, despite an industry report showing US crude inventories fell for the week ending December 13. At 9:58 a.m. Wednesday, February Brent crude futures were at $73.18, down 0.01 percent, and January WTI (West Texas Intermediate) crude futures were at $69.66, down 0.60 percent…

Gold rate and silver price today on December 18, 2024: The gold price experienced a modest increase on Wednesday. The cost of 24 carat gold in India is Rs.7818.3 per gram, which reflects an increase of ₹ 130.0. The price of 22 carat gold in India stands at 7168.3 per gram, an increase of ₹120.0….

Sai Life Sciences has set its IPO price at ₹549, at the top end of the price range of ₹522-549, after a successful IPO that was subscribed 10.3 times. The IPO of TPG Capital-backed Sai Life Sciences closed with a subscription 10.26 times. The ₹3,043 crore IPO included a fresh issue (₹950 crore) and an…

SINGORE – Shares of Kioxia rose 6% on Wednesday in their market debut, valuing the Bain-backed chipmaker at more than 820 billion yen and highlighting steady investor demand for Japan’s third-largest initial public offering this year. Kioxia, a major memory chip maker, raised 120 billion yen after valuing its IPO in the middle of the…

Prices of urad (black matpe or black gram) have started rising following crop damage in Tamil Nadu and Andhra Pradesh. The current situation has ensured that the urad trade has strong fundamentals and prices are likely to remain firm until the new crop arrives in Myanmar, traders say. The urad crop in Tamil Nadu has…

(Bloomberg) — Chile’s central bank cut its key interest rate by a quarter point before its third meeting and issued a stern warning about near-term inflation challenges, raising the possibility of an upcoming lull in inflation. easing cycle increased. Policymakers led by Rosanna Costa voted unanimously late Tuesday to cut borrowing costs to 5%, as…

Private equity firm Advent International will return about a record ₹25,000 crore to its limited partners (LPs) this year from gains on its Indian portfolio, helped by a few big, profitable exits, sources said. “That, I think, is a huge return in one year for a private equity firm in such a short period of…

(Bloomberg) — Bitcoin hit a record high for the second day in a row, with traders eyeing the $110,000 price level. The native cryptocurrency rose as much as 2.1% to $108,315 on Tuesday before retreating to $106,000 early in the day. This year, the price has risen more than 150% and traders are increasing their…

The Securities and Exchange Board of India (SEBI) on Tuesday tightened rules on issuance of offshore derivatives by foreign portfolio investors. This follows an August consultation paper proposing these changes. FPIs will not be able to issue ODIs with derivatives as underlying assets. The investors cannot hedge their ODIs with derivatives positions on the stock…