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December 16, 2024 7:35 PM

Oil prices decline today

Oil prices declined today amid profit-booking and as market participants awaited the interest rate outlook by the US Federal Reserve later this week. Brent Crude was trading below 74 dollars per barrel, declining over 0.8 percent. WTI crude also fell over one percent to trade at around 70 dollars an...

December 16, 2024 5:58 PM

Rupee depreciates by 7 paise to settle at ₹84.86 against US dollar

In the Forex market, the rupee today depreciated by seven paise to settle at 84 rupees and 86 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading at 107.01 in intra-day trade....

December 16, 2024 3:29 PM

Sensex-Nifty trade nearly half percent lower in afternoon trade

Benchmark domestic equity indices, Sensex and Nifty, were trading nearly half percent lower in the afternoon trade today, weighed down by metal and IT stocks and amid weak global cues. The 30-share BSE benchmark Sensex declined by 409 points, to 81,724, while NSE Nifty 50 dropped 114 points, to 24,6...

December 15, 2024 6:02 PM

Foreign investors pump ₹28,000 crore into Indian capital markets

Foreign investors pumped in nearly 28,000 crore rupees into the Indian capital markets in the first two weeks of this month. As per the depositories data, the foreign portfolio investors, or FPIs, pumped in 22,766 crore rupees into the Indian equities markets and 4,814 crore rupees into the debt mar...

December 15, 2024 3:24 PM

PSBs Achieve Record Net Profit of ₹1.41 Lakh Crore in FY 2023-24

Public Sector Banks (PSBs) in India have recorded their highest-ever aggregate net profit of around 1 lakh 41 thousand crore in the financial year 2023-24. Meanwhile, the Gross Non-Performing Assets (GNPA) ratio has declined, dropping to 3.12 percent in September this year. This is a steep decline f...

December 13, 2024 7:55 PM

India’s Forex Reserves Fall by $3.23 Billion to $654.86 Billion: RBI

India's foreign exchange (FOREX) reserves declined by 3.23 billion dollars to 654.86 billion dollars in the week ending December 6, the latest data released by the Reserve Bank of India (RBI) showed on Friday.   This marks a drop from the previous week's level of 658.09 billion dollars that had m...

December 13, 2024 5:41 PM

Sensex surges 843 points, Nifty settles at 24,768

Benchmark domestic equity indices ended on a strong note on Friday. The 30-share BSE Sensex surged 843 points, or 1.04 per cent, to close at 82,133, and the NSE Nifty-50 rose 220 points, or 0.89 per cent, to end at 24,768. In the Global Crude Market, Brent Crude was trading 0.74 percent up at 73 dol...

December 12, 2024 8:23 PM

Nov retail inflation eases to 5.48%, down from 6.2%

India's retail inflation eased to 5.48 percent in November, down from 6.2 percent in the previous month of current fiscal year. According to data released by the Ministry of Statistics and Programme Implementation (MoSPI), inflation in rural areas stood at 5.95 percent compared to 4.83 percent in ur...

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