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September 7, 2024 7:42 AM

India overtakes China in Morgan Stanley Emerging Markets Investable Market Index

India has overtaken China in terms of its weightage in the Morgan Stanley Capital International (MSCI) Emerging Markets Investable Market Index during this month. The weightage of India stood at 22.27 per cent as compared to 21.58 per cent of China in the index. An announcement in this regard was ma...

September 7, 2024 10:29 AM

Indias’s Forex reserve jumps $2 billion

India's forex reserves jumped more than 2 billion dollars to a new high of 683.99 billion dollars for the week ended 30th of August. As per the RBI figures released yesterday, this is the third consecutive weekly rise of forex reserves backed by healthy dollar inflows. According to the RBI data, in ...

September 6, 2024 8:55 PM

Oil prices gains slightly after US employment data

Oil prices edged higher today amid release of the U.S. employment data, but was on track for a heavy weekly loss as demand concerns offset a delay to supply increases by OPEC+ producers. In the global crude market, Brent crude was trading 0.77 percent up at 73 dollars and 25 cents per barrel. The U...

September 6, 2024 6:21 PM

Dow Jones slips more than half percent and S&P 500 lost 0.3%

Two out of three US stocks registered downfall yesterday ahead of key jobs data due.   Dow Jones Industrial Average slipped more than half a percent and S&P 500 lost 0.3 percent while the tech-heavy Nasdaq Composite ended slightly higher with a gain of 0.25 percent....

September 6, 2024 6:12 PM

5 Asian indices trades in negative territory

All five major Asian indices traded in the negative territory today. Korea's Kospi plunged 1.23 percent, China's Shanghai Composite Index declined 0.81 percent, Japan's Nikkei fell 0.73 percent, and Singapore's Straits Times Index lost 0.12 percent. India's Gift Nifty ended with a marginal fall of 0...

September 6, 2024 5:58 PM

Indian rupee appreciates 2 paise

In the Forex market today, Indian rupee appreciated two paise at 83 rupees 95 paise against the US dollar. The local unit opened at 83.97 and witnessed an intra-day high of 83.91 before ending the session at 83.95 against the American currency.   The dollar index, which indicates US dollar's ...

September 6, 2024 8:58 PM

India’s equity benchmark indices extends losing streaks for 3rd session

India's equity benchmark indices extended their losing streaks for third straight session following the uncertainties before the US Fed meeting this month. In the early morning deals, domestic indices opened downside with Nifty50 touching an intra-day low of 24,081 and Sensex logging an intra-day ...

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