Business

March 20, 2025 6:07 PM

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Oil prices rise after strong demand in US

Oil prices rose today supported by a strong outlook for demand in the United States after fuel inventories fell more than expected. Brent Crude was trading 0.4 per cent up at 71 dollars and six cents per barrel. WTI Crude was trading over 0.4 per cent up at 67 dollars and 44 cents per barrel, when r...

March 20, 2025 6:04 PM

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Asian markets display mixed response, European markets in negative territory

Major Asian stocks displayed mixed trends today. Hong Kong's Hang Seng ended over 2.2 per cent down, and China's Shanghai Composite index fell half per cent. Conversely, Singapore's Strait Times index added over half per cent and South Korea's Kospi rose over 0.3 per cent. The market in Japan was cl...

March 20, 2025 5:06 PM

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Rupee rises by 6 paise to close at 86.37

In the Forex market, the rupee today appreciated by six paise to close at 86 rupees and 37 paise against the US dollar supported by a positive trend in domestic equity markets. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was trading at...

March 20, 2025 4:07 PM

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Sensex, Nifty end with gains

 The benchmark domestic equity indices today ended with gains of over one percent, boosted by buying across all sectors and positive global cues after the US Federal Reserve upheld its rate-cut projection for the year. The 30-share index at the Bombay Stock Exchange, Sensex, climbed 899 points to cl...

March 20, 2025 1:56 PM

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Sensex rises 461 points, Nifty up 152

The Benchmark domestic equity indices, Sensex and Nifty, were trading over 0.6 per cent up in late morning trade today supported by positive global cues after the US Federal Reserve upheld its rate-cut projections for the remainder of the year. The 30-share BSE Sensex gained 461 points to 75,910 and...

March 19, 2025 9:56 PM

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Indian economy continues to improve despite global challenges: RBI

The Reserve Bank’s monthly bulletin for March 2025 has said that the Indian economy continues to demonstrate resilience despite global challenges. According to the ‘State of the Economy’ article, the global economy is being tested by escalating trade tensions and a heightened wave of uncertainty aro...

March 19, 2025 8:44 PM

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SEBI, Digilocker partnership to address unclaimed fin assets

Securities and Exchange Board of India (SEBI) has partnered with DigiLocker to address the issue of unclaimed financial assets. This initiative enables investors to store and access information on their demat and mutual fund holdings through DigiLocker, a key Digital Public Infrastructure, benefitin...

March 19, 2025 7:17 PM

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US markets down after two consecutive winning sessions

  US stocks fell yesterday to snap a two-day winning streak as investors exercised caution ahead of a monetary policy decision from the Federal Reserve while gauging the potential impact of President Donald Trump's tariff policies. The Nasdaq Composite dropped over 1.7 percent, S&P 500 fell over...

March 19, 2025 7:02 PM

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Major Asian stocks display mixed trends

Major Asian stocks displayed mixed trends today. South Korea's Kospi rose over half percent up, Singapore's Strait Times index added over 0.3 percent and Hong Kong's Hang Seng ended up by 0.12 percent. Conversely, Japan's Nikkei index slipped 0.25 percent and China's Shanghai Composite index fell sl...

March 19, 2025 9:12 PM

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Oil prices down amid Russia agreeing US proposal on halting attacks on Ukraine

Oil prices inched down today after Russian President Vladimir Putin agreed to US President Donald Trump's proposal to temporarily halt attacks on energy and infrastructure targets in Ukraine. Brent Crude was trading flat at 70 dollars and 55 cents per barrel. WTI Crude was also trading nearly flat a...