Business

May 9, 2024 7:44 PM

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Asian and European Stock Markets Show Mixed Performance Today

Key Asian stocks ended mixed today. Hong Kong's Hang Seng Index gained 1.21 per cent, China's Shanghai Composite jumped by 0.82 per cent and Singapore's Straits Times Index rose 0.04 per cent.   South Korea's Kospi slipped 1.20 per cent and Japan's Nikkei-225 declined 0.34 per cent.   Major European...

May 10, 2024 8:53 PM

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Rupee Ends at 83.51 Against US Dollar; Dollar Index Up to 105.63

In the forex market, the rupee closed at 83 rupees and 51 paise against the US dollar today.   The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies was up at 105.63 in intra-day trade.

May 9, 2024 2:25 PM

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Sensex down 796 pts, Nifty below 22050

Benchmark equity indices were trading with a loss of over one percent in today's afternoon session due to continuous selling by FIIs. The hawkish stance of the US Fed has also dampened investor sentiments.   The BSE Sensex was trading 796 points or 1.08 percent lower at 72,670 points. The NSE Nifty ...

May 8, 2024 5:38 PM

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Oil Prices Decline on US Inventory Data and Dollar Strength

Oil prices declined today as industry data showed a rise in crude and fuel inventories in the US and as the US dollar strengthened, signalling that demand for oil is coming under pressure.   The Brent Crude Oil futures was down by 0.85 per cent to trade at 82 dollar and 45 cents, whereas West T...

May 11, 2024 11:42 AM

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S&P 500 and Dow Jones Inch Higher on Rate Cut Expectations

The S&P 500 and Dow Jones Industrial Average ended slightly higher yesterday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year.   The S&P 500 gained 0.13 per cent, while the Nasdaq Composite 0.10 percent. The Dow ...

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