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August 28, 2024 6:23 PM

Indian Rupee Falls to 83.96 Against US Dollar

In the Forex market today, the Indian rupee ended lower at 83 rupees and 96 paise against the U.S. dollar.   The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading at 100.97 in intra-day trade....

August 28, 2024 6:12 PM

US Stocks: Dow Hits Record High, S&P 500 & Nasdaq Gain 0.2%

US stocks had a quiet session yesterday. The Dow Jones Industrial Average finished just above the flatline to claim another back-to-back record high. The benchmark S&P 500 and tech-heavy Nasdaq Composite each closed up around 0.2 per cent....

August 28, 2024 5:45 PM

Sensex & Nifty End Positive in Volatile Trading

India's equity benchmark indices, Sensex and Nifty ended on a positive note in a volatile trading session amid mixed global cues. Nifty50 reached a new all-time high during the session, although profit booking in the last session dragged the index lower to settle at 25,052 with gains of 35 points or...

August 28, 2024 3:52 PM

India’s Pharma Sector to Touch $130 Billion by 2030: Jitin Prasada

Union Minister of State for Commerce and Industry, Jitin Prasada has stressed that the country's pharmaceutical sector will touch the 130 billion US dollar mark by 2030, which is currently at around 55 billion US dollars. Mr Prasad inaugurated the 10th International Pharmaceutical Exhibition IPHEX a...

August 27, 2024 5:46 PM

Oil Prices Slip Amid West Asia Conflict Concerns

Oil prices slipped slightly today oversupply concerns prompted by fears of widening West Asia conflict. In the global crude market, Brent crude was trading 0.52 per cent down to trade around 81 dollars per barrel. The U.S. West Texas Intermediate (WTI) is also trading 0.53 per cent down at around 74...

August 27, 2024 5:19 PM

Asian Markets: Nikkei, Hang Seng & Straits Times Gain

Three out of five major Asian indices ended with gains. Japan's Nikkei rose 0.47 percent, Hong Kong's Hang Seng Index gained 0.42 percent and Singapore's Straits Times index added 0.07 percent. Conversely, South Korea's Kospi declined 0.33 per cent and China's Shanghai Composite Index shed 0.24 per ...

August 27, 2024 4:55 PM

Indian Rupee Falls to 83.92 per Dollar

In the Forex market today, the Indian rupee depreciated marginally to close at 83 rupees and 92 paise against the U.S. dollar.   The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading down by 0.03 per cent at 100.82 in intra-day...

August 26, 2024 6:30 PM

Crude Oil Prices Surge Nearly 3%

Crude oil prices gained close to three per cent today on renewed concerns that an escalating Gaza conflict could disrupt regional oil supplies, extending gains from Friday when the prospect of US interest rate cuts lifted the global economic and fuel demand outlook.   The global oil benchmark...

August 26, 2024 5:47 PM

Asian Markets: Hang Seng & Straits Times Rise, Nikkei & Kospi Fall

In the Asian market, three out of five indices are in green today. Hong Kong's Hang Seng Index was up 1.05 per cent, Singapore's Straits Times index increased 0.24 per cent and China's Shanghai Composite Index marginally added 0.04 per cent. Conversely, Japan's Nikkei-225 slipped 0.67 per cent and S...

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