Tutorials

Asian shares advanced on Thursday, riding a wave of optimism about a possible treatment for the coronavirus that set off a rally on Wall Street powerful enough to override data showing the US economy had logged its worst quarterly performance since 2009. Japan’s benchmark Nikkei 225 surged 2.6 per cent in morning trading to 20,277.56, while Australia’s S&P/ASX 200 gained 1.3 per cent to 5,461.00.  The Shanghai Composite added 1.2 per cent to 2,854.85. Markets Read More

The Bombay Stock Exchange has introduced trading in negative prices for crude oil on its commodities derivative segment Commex. BSE on Tuesday changed its trading platforms in a manner to accommodate negative prices of crude oil. The move comes weeks after April crude oil futures fell to a negative $37.63 per barrel. The sharp fall in crude oil futures forced MCX, the country’s largest commodity bourse, to settle April crude contracts at a negative Rs Read More

Shares of Axis Bank and Max Financial Services on Tuesday gained up to 6.6 per cent after the bank decided to raise its stake in Max Life Insurance to 30 per cent. Axis Bank shares zoomed 6.61 per cent to close at Rs 455.55 on the BSE. During the day, it jumped 7.24 per cent to Rs 458.25. Max Financial Services also gained 5.14 per cent to close at Rs 475.80. It rose by 8.79 Read More

Franklin Templeton’s top management, in an effort to reassure investors, said that it is committed to returning the money invested at the earliest. The fund house is trying to soothe investors after having closed six of its debt and credit mutual fund schemes. “We are committed to doing all we can to return monies in the schemes that are wound up at the earliest to investors, and to regain your trust in our brand,” Franklin Read More

A survey of Indian retail investors by the World Gold Council (WGC) has revealed that as much as 29% of them, who have never bought the precious metal in the past, are open to purchasing it in the future. As much as 52% of investors already owned some form of gold, with 48% having invested in the one year preceding the survey, which was conducted between June and December 2019, before the Covid-19 outbreak in Read More