The benchmark Indian equity indices opened in negative territory amidst soured global cues triggered by the recent attack by Hamas on Israel and the latter’s subsequent retaliation. After settling into positive territory on Friday, the benchmark indices opened lower on Monday. The NSE Nifty 50 opened at 19,539.45, up 0.58%, and currently trades at 19,556.90, […]
Crude rallies on expectations of tightening supply, demand to rise; consolidation likely after correctionCrude rallies on expectations of tightening supply, demand to rise; consolidation likely after correction
By Bhavik Patel Crude oil market has woken to the fact that there will be supply tightness in the second half of the year and demand destruction from recession fears have completely been proven wrong. This has propelled the recent rally in crude where it has jumped from $67 to $85 in the matter of […]
Monsoon arrives in Mumbai! IMD issues yellow alert – See PhotosMonsoon arrives in Mumbai! IMD issues yellow alert – See Photos
1/8 The India Meteorological Department (IMD) has issued a Yellow alert for Mumbai, predicting heavy rainfall in several parts of Maharashtra for the next 4-5 days. The southwest Monsoon reached the financial capital on Saturday. (PTI Photo) 2/8 In a statement, the weather office said, “The southwest monsoon has further advanced into some more parts […]
Dovish Fed, China’s stimulus plans lift benchmark indicesDovish Fed, China’s stimulus plans lift benchmark indices
Indian markets made a strong comeback on Tuesday, following the rally in global markets after US dollar and treasury yields dipped on the back of dovish comments by Federal Reserve, a day after Israel-Gaza conflict resulted in panic selling that wiped out about 3.68 trillion of investor wealth. S&P BSE Sensex climbed about 567 points, […]
Rupee falls 8 paise to 83.21 against US dollar in early tradeRupee falls 8 paise to 83.21 against US dollar in early trade
The rupee continued its downward movement for the second straight day and fell by 8 paise to 83.21 against the US dollar in early trade on Tuesday amid massive selling by foreign equity investors and a firm American currency. Subdued equity market sentiment and elevated level of crude oil prices — hovering above USD 92 […]
Bitcoin topped $45,000 for first time in nearly two yearsBitcoin topped $45,000 for first time in nearly two years
Bitcoin surpassed $45,000 for the first time in nearly two years as anticipation of an approval of an exchange-traded fund investing directly in the biggest token intensified. The cryptocurrency jumped as much as 5.2% to its highest level since April 2022 and traded at $45,063 as of 3 p.m. New York time. Other tokens were […]
Closing Bell: Sharp sell-off at Dalal Street; Nifty closes below 19550, Sensex below 65550; IT, FMCG stocks tankClosing Bell: Sharp sell-off at Dalal Street; Nifty closes below 19550, Sensex below 65550; IT, FMCG stocks tank
The market witnessed sharp sell-off and benchmark domestic indices ended Thursday’s trading session in red. The NSE Nifty 50 tumbled 192.90 points, or 0.98%, to settle at 19,523.55, while the BSE Sensex tanked 610.37 points to 65,508.32. The border indices also settled in negative territory. The Bank Nifty index shed as much as 287.35 points, […]
RIL stock outlook: Analysts bet on company’s new age technologies focusRIL stock outlook: Analysts bet on company’s new age technologies focus
RIL stock is trading lower though the company reiterated aggressive growth plans across various business verticals and unveiled plans on new energy front at the AGM on August 28. While the street seemed disappointed about the absence of clear timelines regarding the telecom and retail IPOs, RIL plans to setup a battery giga factory by […]
Can Nifty inch closer to 20000? See GIFT Nifty, FII data, crude, F&O ban, more before market opensCan Nifty inch closer to 20000? See GIFT Nifty, FII data, crude, F&O ban, more before market opens
GIFT Nifty traded up 0.11% at 19,717, during Thursday’s early trading session, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex. The benchmark domestic indices ended Wednesday’s trading session in positive territory. The NSE Nifty 50 gained 0.26% to settle at 19,716.45, while the BSE Sensex added over 170 points to […]
Fed Chair Powell continues to guide dollar; Pound, Yen, Yuan remain under pressure on central banks’ policiesFed Chair Powell continues to guide dollar; Pound, Yen, Yuan remain under pressure on central banks’ policies
By Gaurang Somaiya Rupee traded in a narrow range and volatility remained low following no major cues on the domestic and global front. Earlier in the week, Chinese Yuan was weighed down after the PBoC announced a rate cut of two benchmark lending rates. Chinese yuan witnessed marginal selling pressure during the day after the […]