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Global stock markets and US futures declined on Thursday as investors looked ahead to a speech by the US Federal Reserve chairman. London and Frankfurt opened lower while Tokyo, Hong Kong and Seoul declined. Shanghai advanced. Fed chairman Jerome Powell’s speech is part of the US central bank’s annual Jackson Hole symposium. Officials in the past have used the meeting, being held online this year, to make market-moving announcements. This year, forecasters expect Powell to Read More

VA Tech Wabag share price has nearly doubled so far in August, rising 96 per cent from Rs 120.20 apiece. The company on Tuesday informed that its board has approved raising of Rs 120 crore from investors including Rekha Jhunjhunwala, wife of Rakesh Jhunjhunwala. VA Tech Wabag will issue up to 75 lakh shares on a preferential basis at a price of Rs 160 per equity share. Rekha Jhunjhunwala has invested Rs 80 crore for Read More

Titan Company shares might be a long-term growth story that is likely to march higher with gold prices but at this juncture a leading domestic brokerage firm and an international one are not convinced enough to buy the stock. Titan shares have slipped 2% in the last five days to now trade at Rs 1,130 per share on BSE Sensex. The favourite stock of ace investor Rakesh Jhunjhunwala finds both Jefferies and ICICI Securities agreeing Read More

Gold prices fell on Wednesday as investors awaited minutes from the US Federal Reserve’s last policy meeting. Analysts believe that an intermittent profit booking cannot be ruled out on signs of easing US-China trade tensions and optimism around COVID-19 vaccine. At 10 AM, gold October futures were trading 0.60 per cent or Rs 321 down at Rs 53,250 per 10 gm, while silver September futures dropped 1.62 per cent or Rs 1,128 to rule at Read More

Petronet LNG share price jumped over 5 per cent to Rs 267.70 apiece on BSE after the company reported a consolidated net profit of Rs 499.79 crore in the April-June quarter. The consolidated net profit, however, declined 11 per cent as the company had reported a profit of Rs 561.94 crore in the corresponding quarter of the year-ago period. With today’s gain, the stock price has rallied over 56 per cent from March lows of Read More