Business

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 105.25 in intra-day trade.

All three benchmark US indices closed higher yesterday in the third straight session as investors continued to gain hope that there was a greater chance of the Federal Reserve cutting interest rates this year.   The Dow Jones Industrial Average rose 0.46 percent, the S&P 500 gained 1.03 percent and the Nasdaq Composite jumped  1.19

Oil prices remained stable today despite concerns over escalating conflict in the West Asia, particularly as Israel intensified its attacks in southern Gaza.   The Brent Crude Oil futures was down by 0.35 percent to trade at 83 dollar and four cents, whereas Western Texas Intermediate was lower by 0.36 percent at 78 dollar and

Gold prices slipped today in the futures market. The precious metal for the June contracts was lower by 274 rupees or 0.38 percent, trading at 71,095 rupees per ten grams. Silver futures for July contracts were down by 260 rupees or 0.31 percent, trading at 82,695 rupees per kilogram, when the reports last came in.

Paring all its early gains, the 30-share BSE Sensex went lower by 384 points or 0.52 percent to settle at 73,512. The NSE Nifty declined 140 points or 0.62 percent to settle at 22,302.50.   From the Sensex basket, Power Grid, IndusInd Bank, Tata Motors, JSW Steel and HCL Technologies were among the major laggards.

Oil futures rose today following Saudi Arabia’s decision to raise June crude prices for most regions. Additionally, concerns over the slim prospect of a Gaza ceasefire deal renewed fears that the Israel-Hamas conflict could escalate, heightening tensions in the key oil-producing region.   The Brent Crude Oil futures were up by 0.84 per cent to

Gold prices gained today in the futures market. The precious metal for the June contracts was higher by 582 rupees or 0.82 percent, trading at 71,250 rupees per ten grams. Silver futures for July contracts were up by 1,444 rupees or 1.78 per cent, trading at 82,487 rupees per kilogram, when the reports last came

Benchmark equity indices ended flat today in a choppy trading session. The BSE Sensex rose by 17 points or 0.02 per cent to close at 73,896 points, while the NSE Nifty fell by 33 points or 0.15 per cent to settle at 22,443 points. Domestic equity benchmarks closed on a lacklustre note due to ongoing

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 105.05 in intra-day trade.

Adopting a cautionary stance, foreign investors infused 1,156 crore rupees in the first two trading sessions of May. As per depositories data, Foreign Portfolio Investor (FPIs) invested 1,156 crore rupees in equities and sold 1,726 crore rupees in debt this month. This came after FPIs pulled out equities worth 8,700 crore rupees in April. Before