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September 21, 2024 6:50 PM

Oil Prices Dip but Secure Second Weekly Gain

Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply.   Brent futures settled down 0.5 percent at 74 dollars and 49 cents per barrel. U.S. WTI crude futures settled down 0.4 percent to 71 doll...

September 21, 2024 6:42 PM

US Stocks Flat After Fed-Driven Rally

U.S. stocks closed nearly unchanged on Friday, as investors paused buying after a strong rally in the prior session that was fuelled by an upsized interest rate cut by the Federal Reserve, while Nike's gains helped nudge the Dow to a record high.   After notching their biggest daily percentag...

September 21, 2024 6:34 PM

Sensex, Nifty Hit Record Highs as US Fed Rate Cut Boosts Markets

In the volatile week ended on September 20, the broader indices rallied to a fresh all-time high following a more than anticipated interest rate cut by the US Fed. However, for the week, BSE Mid and Small-cap indices ended on a flat note, while the Large-cap index rose 1.5 percent.   In the w...

September 21, 2024 9:29 AM

Digital payment transaction volume grew to nearly 19,000 in FY 2023-24 

The Ministry of Finance has said that the digital payment transaction volume grew to nearly 19 thousand crore in the Financial Year 2023-24 compared to over 2,000 crore in the Financial Year 2017-18. The volume of the Unified Payments Interface (UPI) transactions also increased by more than 13 thous...

September 20, 2024 10:06 PM

Enhanced insurance coverage for MSME exporters will boost exports

The Department of Commerce has focused on empowering exporters, streamlining processes, and promoting economic growth through innovative solutions during the first 100 days of the third term of the NDA government. The Ministry of Commerce and Industry, in a statement, said that during this period, s...

September 20, 2024 7:50 PM

Major Asian markets traded in green, European in red    

                                        Major Asian stocks traded in positive territory today, riding on the strong rally in Japan's equity market as Nikkei advanced more than one and half percent. Hong Kong's Hang Seng Index added more than one percent, South Korea's Kospi rose...

September 19, 2024 6:45 PM

Market ended with modest gains, Rupee appreciated by 7 paise against US dollar

India's equity benchmark indices ended with modest gains after hitting record highs in intra-day trade, following the US Federal Reserve’s decision to cut interest rates by 50 basis points. At the close, the Sensex gained 236 points, or 0.2 percent, to reach 83,184, while the NSE Nifty was margi...

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