Page 14 - Sequent Scientific News Today : Breaking News, Live Updates & Top Stories | Vimarsana

FACTORS DRIVING MARKETS Bad News Dollar rises: The dollar held firm near a three-month high scaled in the previous session. A stronger dollar makes Indian investors nervous as higher the greenback, more outflow the emerging markets see. The yield on benchmark ten-year US Treasuries was steady in Asia at 1.4663 per cent. Hawks flock: Federal Reserve Bank of Dallas President Robert Kaplan said Wednesday he would like the Fed to start reducing its support for the economy before the end of the year, in part to make an abrupt policy tightening less likely later on. Broader markets Broader market i...

Positive open seen for markets June 30, 2021   Markets are expected to open marginally higher, indicates a trend from SGX Nifty, Singapore. However, most global markets are ruling in the flat-to-negative territory, signalling volatility. According to market experts, after two consecutive days of fall, markets will try to regain some strength. Besides, today being the last date of the first quarter (June), markets generally remain resilient due to fund managers’ portfolio churning activity. However, the key concern is the rise of new Covid variant, said analysts. Currently, SGX Nifty is rul...

The broader NSE Nifty 50 benchmark settled at 15,576.20, up 1.35 point from its previous close.

“We have seen an 80% move in the Nifty50 in 2020. I do not see that happening until we get clarity on vaccinations. That remains the biggest stumbling block.”

Reclusive Mankekar makes a splash with Solara stake In the March quarter, Solara’s sales grew almost 50 per cent year-on-year to Rs 444 crore and net profit stood at Rs 56.6 crore, up 218 per cent. Synopsis The Mumbai-based reclusive investor held nearly 4 per cent stake in Sequent Scientific till March 2018 and about 2.07 per cent in Strides Pharma till September 2017. This is Mankekar’s first major investment since September 2019. Shareholding data showed he has not owned over 1 per cent in any company since then. Mumbai: Shivanand Mankekar, one of India’s richest individual investors...