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May 9, 2024 8:18 PM

Gold Futures Rise in Indian Market; Silver Futures Also Gain

Gold prices gained today in the futures market. The precious metal for the June contracts was higher by 26 rupees or 0.04 percent, trading at 71,153 rupees per ten grams. Silver futures for July contracts were up by 605 rupees or 0.73 per cent, trading at 83,599 rupees per kilogram, when the reports...

May 9, 2024 7:46 PM

Dow Jones Closes Above 39,000 Points, Extends Winning Streak to Six Sessions

The Dow Jones Industrial Average ended higher yesterday, stretching its winning streak to six straight sessions and closing above 39,000 points for the first time in five weeks, as investors kept betting on supportive US monetary policy.   The Dow Jones Industrial Average rose 0.44 per cent. On t...

May 9, 2024 7:45 PM

Oil Prices Rise on Decreasing US Inventories and Increased Demand Indicators

Oil prices increased today due to declining US crude inventories, coupled with an uptick in refinery intake and heightened Chinese imports last month. These factors bolstered demand projections for the world's top two crude-consuming nations.   The Brent Crude Oil futures was up by 0.89 per cent ...

May 9, 2024 7:44 PM

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 Eu...

May 10, 2024 8:53 PM

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

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...

May 8, 2024 5:38 PM

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...

May 11, 2024 11:42 AM

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 Do...

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