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June 7, 2024 2:11 PM
The Reserve Bank of India today decided to keep the policy repo rate unchanged at 6.50 percent for the eighth time in a row. Consequently, the standing deposit facility (SDF) rate remains at 6.25 percent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 percent. The decisions w...
June 6, 2024 9:20 PM
In the Commodity market, Gold and Silver prices witnessed gains on Thursday (6th June 2024). The precious metal, for 5th August 2024 contract, up by 0.40 percent to trade at 72,809 rupees per 10 grams. On the other side, Silver for 5th July 2024 contract, climbed 1.06 percent to trade at 91,400...
June 6, 2024 7:28 PM
Economic data aided the market to expect for the much awaited Policy Easing Cycle by the Fed. The Market's acceptance of the data led Nasdaq and S&P to hit record closing highs on Wednesday (5th June 2024). The Nasdaq gained around two per cent, the Dow Jones Industrial Average added 0.25 p...
June 6, 2024 6:55 PM
Foreign Capital outflows and the rise in Crude Oil prices overseas led the Rupee to loose 5 paise and close at 83.49 against the US Dollar. At the interbank foreign exchange market, the Rupee opened at 83.40 and touched the intra-day low of 83.50 against the greenback during the session bef...
June 6, 2024 6:49 PM
India's equity benchmark indices closed nearly one percent higher today, despite continued selling by Foreign Institutional Investors in India. The Sensex gained 692 points, or 0.93 per cent to close at 75,075. Nifty advanced 201 points, or 0.89 per cent, to settle at 22,821. The recovery of S...
June 5, 2024 10:15 PM
Rebounding from their worst single-day slide in four years, benchmark stock indices Sensex and Nifty soared over 3 per cent each on heavy value buying by investors. The 30-share BSE Sensex jumped 2,303 points or 3.20 per cent to settle at 74,382 on value buying in banking, auto and oil shares. Al...
June 5, 2024 9:13 PM
National Stock Exchange on Wednesday (5th June 2024) registered a new world record of handling highest ever number of transactions in a single day. NSE CEO Ashish Chauhan posted on X, that the this stock market handled 1971 crore (19.71 billion) orders in a day, and 28.55 crore (280.55 million) trad...
June 5, 2024 1:19 PM
The total foodgrain production in the country is estimated at over three thousand 288 lakh tonnes in 2023-24. According to the third advance estimate of major agricultural crops released by the Agriculture Ministry, the total Rice production is estimated at one thousand 367 lakh tonnes. The p...
June 4, 2024 6:04 PM
Indian benchmark indices witnessed massive slump today. In the intraday trade, both indices were down 8 percent, which was the biggest single-day fall since February 2022. At close, Sensex recorded a massive loss of 4,390 points, or 5.74 per cent, at 72,079, while the Nifty 50 ended with a cut of 1,...
June 4, 2024 8:24 AM
The Reserve Bank has informed that the total value of 2000 rupee banknotes in circulation has declined to 7,755 crore rupees at the close of business on 19th May, 2024, exactly a year after the RBI had announced the withdrawal of the said currency notes. In a statement, RBI said that out of 3.56 lak...
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