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October 14, 2024 7:29 PM
Three out of five major Asian indices closed higher today. China's Shanghai Composite jumped more than two per cent, South Korea's Kospi climbed one per cent and Singapore's Straits Times Index added more than half per cent. Conversely, Hong Kong's Hang Seng lost 0.7 percent. Meanwhile, the market i...
October 14, 2024 7:26 PM
Oil prices declined today as China's stimulus plans failed to inspire confidence among investors. In the global crude market, Brent crude was trading 2.1 per cent down at 77 dollars and 38 cents per barrel. The U.S. West Texas Intermediate (WTI) was also trading 2.2 per cent down at 73 doll...
October 14, 2024 7:24 PM
The domestic benchmark indices today ended with gains of more than half a per cent. The BSE Sensex climbed 592 points to close at 81,973 and the NSE Nifty ended with an uptick of 164 points to settle at 25,128. The broader market at Bombay Stock Exchange also ended in positive territory. Th...
October 14, 2024 7:15 PM
In the Forex market, the rupee today ended at 84 rupees and six paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading at 103.12 in intra-day trade....
October 13, 2024 6:17 PM
The market entered the phase of consolidation, falling moderately in the week ended October 11 amid valuation concerns, the subdued outlook for Q2FY25 earnings, BJP's win in Haryana polls and consistent FII selling. This was after the severe correction of 4.5 percent seen in the...
October 13, 2024 7:18 PM
Volatility in the stock market caused 1.22 lakhs crores rupees loss to top seven companies this week as the BSE Sensex fell 307 points, or 0.3 percent. The combined market valuation of seven of the top-10 most valued firms eroded by 1,22,107 crores rupees last week, with Tata Consultancy ...
October 13, 2024 6:02 PM
Foreign investors turned net sellers in October, withdrawing shares worth 58,711 crore rupees in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow followed a nine-month hig...
October 13, 2024 2:02 PM
Prime Minister Narendra Modi has lauded the completion of three years of the PM GatiShakti National Master Plan, stating that the initiative has emerged as a transformative in revolutionising India’s infrastructure. In a social media post, Mr Modi said that GatiShakti has significantly enhanced mu...
October 12, 2024 5:56 PM
On Wall Street, the S&P 500 and the Dow ended at record highs yesterday, with big boosts from financial stocks after banks reported strong quarterly results, while the latest inflation data fueled expectations for a US Federal Reserve rate cut in November. Major financial companies kick...
October 11, 2024 8:35 PM
The Index of Industrial Production (IIP) in India witnessed a contraction of 0.1 percent in August which was 4.7 percent in the month of July, as per data released by the Ministry of Statistics and Programme Implementation on Friday. The estimates of IIP for August 2024 stood at 145.6 in comparison ...
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