ICICI Bank dips 2% in an otherwise firm market post March quarter results

Shares of ICICI Bank slipped 2 per cent to Rs 330.ninety apiece on the BSE on Monday right after the private sector financial institution noted an 82 per cent leap in pre-tax financial gain and a 26 per cent increase in web financial gain in the March quarter (Q4FY20), missing Road estimates on the again of larger provisioning for the coronavirus pandemic.

The inventory opened 2 per cent larger at Rs 345 on the BSE, but erased gains later on. In comparison, the S&P BSE Sensex was up one.4 per cent or 453 points at 32,095.

In the past on

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India’s jewellery demand dips 41% to 11-year low in March quarter: WGC

India’s desire for gold jewellery slumped 41 for every cent in the quarter finished March 2020 to seventy three.9 tonnes – a eleven-yr reduced – as coronavirus pandemic brought on a rally in gold rates, stated Entire world Gold Council (WGC) in its most current report on gold desire traits produced Thursday. The slide is sharper than the 39 for every cent drop found entire world more than, which is approximated at 325.eight tonnes.

ALSO Study: Gold can strike $3,000/oz as investors turn into danger-averse: BofA Securities

On the other hand, desire for gold jewellery in China – the major

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U.S. Consumer Prices Tumble 0.4% in March

U.S. consumer prices fell by the most in more than five years in March as the coronavirus pandemic pummeled demand, fueling concerns that the economy is heading toward deflation.

The Labor Department reported Friday that the consumer price index dropped 0.4% last month amid a sharp decline in the cost of gasoline and record decreases in hotel accommodation, apparel and airline ticket prices.

The decline in the CPI was the largest since January 2015 and was slightly below economists’ estimates of a 0.3% slide. Prices had gone up 0.1% in February before the coronavirus crisis escalated.

In the 12 months

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Inflows into equity MFs surge to one-year high of Rs 11,485 cr in March

Inflows into fairness mutual funds surged to Rs 11,485 crore in March, the greatest stage in a year, even as the broader market witnessed significant volatility amid concerns around the effect of coronavirus.

In general, the mutual fund field witnessed a web outflow of Rs two.13 trillion across all segments, primarily owing to withdrawal from liquid or money market category, info by the Association of Mutual Money in India showed on Thursday. In comparison, an outflow of just Rs 1,985 crore was viewed in February.

ALSO Go through: Financial debt strategies see worst at any time outflows in FY20 liquid

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Palmoil imports plunge 90% in March with fresh curbs

Refined palmolein imports have plunged drastically following the federal government putting RBD Palmolein below the limited list, in accordance to trade physique Solvent Extractors’ Affiliation of India (SEA). The Centre had set RBD Palmolein below the limited list with impact from January eight, 2020.

The imports of RBD Palmolein fell 90% in March 2020 to 30,850 tonnes, from the past-calendar year period’s 3,twelve,673 tonnes.

For the interval November 2019 to March 2020, the imports were sixty six for each cent significantly less YoY, SEA claimed.

In a report compiled and introduced by it primarily based on the interim provisional info

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