Market Updates - Angel One

In opening trade on February 12, the rupee gained by 10 paise to touch 72.77 against the US dollar. The rupee hit a near one-year high as it touched 72.65 against the US dollar a day before. So, what does the strength of the rupee mean to the markets? If you have noticed past INR …

The world witnessed a financial revolution in the last decade. The changes had a deep impact on the nature of money and the way it flowed from one person to another. The world was introduced to Bitcoin, a type of cryptocurrency, in 2009. Bitcoin and the other virtual currencies that followed Bitcoin found many takers …

The National Stock Exchange (NSE) has come down strongly on stock brokers who are looking at ways to fund margin needs of their clients through arrangements with non-banking financial companies (NBFCs) either in direct or indirect ways. The markets have been on a bull run and on the back of this buoyancy, many brokers have …

The recent Union budget proposed plans to target a fiscal deficit of 6.8 percent of the Gross Domestic Product (GDP) for the coming financial year 2021-2022 and consequently reduce it to 4.5% by financial year 2025-2026. For a developing country like India, the proposed deficit targets seem far from liberal. While the government projects a …

At the beginning of February 2021 itself, India set a record for crossing the 60 lakh figure for the Covid-19 vaccine administration in 24 days, the fastest in the world. Although 9,110 new Covid cases have been reported in recent days, the number was lower than that of recoveries (14,016). This amounted to the total number …

The recent Budget 2021-22 has brought the spotlight back on the government’s disinvestment and privatisation plans. The Finance Minister, in her Budget, announced the disinvestment of the government stakes in two Public Sector Banks (PSBs) apart from one general insurer, apart from disinvestment of IDBI Bank. The markets reacted positively to the Budgetary announcement pertaining …

Will the Nifty50 continue its run and touch 15,500 levels? That’s the question on analysts’ minds as they keep a close watch on the benchmark index in the coming weeks. The Indian markets have seen historic peaks in recent times, first with the BSE Sensex touching 50k levels and then last week, getting to 51,000 …

After a steep 4-day dip, gold prices continued to struggle today as well. Gold futures on MCX rose 0.3% to Rs 46,857/ 10 grams, whereas silver rose 0.6% to Rs 67,239/kg. In the last session, gold had dropped Rs 1000 or 2%/10 grams while silver had dropped Rs 1500 or 2.1%/kg. The precious yellow metal …

Global stock markets have been on a sustained bull run in spite of the shadow of the coronavirus pandemic that has entered second waves in many regions. Indian stocks too have continued their bull run ever since the Union Budget was announced. The Sensex and Nifty, India’s benchmark indices opened Friday on record levels, at …

An important announcement in Budget 2021 was that the government would divest its stake in two public sector banks (PSBs) and a general insurance company. The Finance Minister also announced that the divestment of IDBI Bank would be completed in the coming fiscal. The disinvestment target for FY 2021-22 has been pegged at Rs 1.75 …