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Factory output, as measured by the Index of Industrial Production (IIP), rose to 4.9 per cent, much higher than the 1.9 per cent recorded in the same month last year. However, the latest IIP figure was lower than the 5.7 per cent recorded in February 2024. For the full financial year 2023-24, the factory output
The pound rose today after data showed the British economy beat expectations in the first quarter of the year, growing 0.6 percent and leaving behind 2023’s mild recession. Sterling was last up 0.1 percent at 1.2537 dollar, having traded at 1.2516 dollar before the figures were released. The pound is slightly higher so far
Benchmark equity indices ended higher today, led by gains in heavyweight stocks. However, the indices logged their worst week in two months as they lost nearly two percent this week. Recovering from the sharp decline in the previous trade, the 30-share BSE Sensex climbed 260 points or 0.36 percent, settling at 72,664. Meanwhile, the
Gold and silver prices rose over one percent today in the futures market. The precious metal for the June contracts was higher by 1146 rupees or 1.60 percent, trading at 72,785 rupees per ten grams. Silver futures for July contracts were up by 942 rupees or 1.11 percent, trading at 85,441 rupees per kilogram, when
In the forex market, the rupee closed at 83 rupees and 50 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 105.27 in intra-day trade.
Key Asian stocks ended higher today. Hong Kong’s Hang Seng Index surged 2.25 percent and Singapore’s Straits Times Index jumped 0.75 percent. South Korea’s Kospi rose 0.57 percent and Japan’s Nikkei-225 added 0.41 percent. While China’s Shanghai Composite ended marginally up. Major European markets were also trading in green. France’s CAC gained 0.82 percent
Oil prices surged today, poised for a weekly increase, driven by data from the US and China indicating heightened demand. Additionally, ongoing uncertainty surrounding the Gaza conflict lent support to prices. The Brent Crude Oil futures was up by 0.69 percent to trade at 84 dollar and 46 cents, whereas West Texas Intermediate was higher
Benchmark equity indices were trading higher in today’s afternoon session, driven by strength in auto and energy sectors, following the positive performance of global counterparts. BSE Sensex was up by 152 points or 0.21 percent to trade at 72,556 points. Broader NSE Nifty-50 was trading 73 points or 0.33 percent higher at 22,031 level
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 last came
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.