Business

May 29, 2026 7:47 PM

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Asian markets surge, European indices trading  mixed 

Most Asian stock market indices surged today. South Korea’s Kospi index soared over three and a half per cent, Japan's Nikkei 225 index climbed more than two and a half per cent, Singapore’s Straits Times Index jumped one per cent, and Hong Kong's Hang Seng Index rose 0.7 per cent. Conversely, China...

May 29, 2026 7:32 PM

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Rupee strengthens by 70 paise to close at 95 against US dollar

 In the forex market today, the rupee strengthened by 70 paise to close at 95 rupees against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, was trading at 99.08 in intra-day trade.     

May 29, 2026 7:43 PM

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Oil prices down by 1.5%

 Global crude oil prices dropped by around one and a half per cent today. Brent crude was trading 1.7 per cent lower at 92 US dollars and 14 cents per barrel in intra-day trade. West Texas Intermediate crude was also trading 1.4 per cent lower at 87 US dollars and 64 cents per barrel when reports la...

May 29, 2026 5:52 PM

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Air travel declines globally by 3,4% amid West Asia conflict

  Global air passenger demand fell 3.4 per cent year-on-year in April 2026, marking a sharp slowdown, according to the International Air Transport Association (IATA). The decline was largely attributed to the impact of the ongoing war in the Middle East. Total demand, measured in revenue passenger k...

May 29, 2026 4:12 PM

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RBI balance sheet swells due to surge in domestic & foreign investments 

  The Reserve Bank's balance sheet swelled to 91.97 lakh crore rupee at the end of March 2026, up 20.6 per cent year-on-year, due to a rise in domestic investments as well as gold and foreign investments, according to the central bank's annual report released today. The balance sheet size increased ...

May 29, 2026 4:18 PM

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Domestic market sheds around 1.5% 

  Benchmark domestic equity indices shed around one and a half per cent today after sell off across most sectors intensified in the final hour of trade. The BSE Sensex plunged one thousand 92 points to close at 74 thousand 776. The NSE Nifty fell 359 points to settle at 23 thousand and 548.  The bro...