Equity benchmark indices ended lower today amid a broad-based selloff with Sensex settling below the 74,000 level and Nifty retreating from a record high as investors pared exposure to telecom, capital goods and tech stocks. The 30-share BSE Sensex plunged 733 points or 0.98 per cent to settle at 73,878 after soaring 484.07 points
Equity benchmark indices ended lower today amid a broad-based selloff with Sensex settling below the 74,000 level and Nifty retreating from a record high as investors pared exposure to telecom, capital goods and tech stocks. The 30-share BSE Sensex plunged 733 points or 0.98 per cent to settle at 73,878 after soaring 484.07 points
Equity benchmark indices ended lower today amid a broad-based selloff with Sensex settling below the 74,000 level and Nifty retreating from a record high as investors pared exposure to telecom, capital goods and tech stocks. The 30-share BSE Sensex plunged 733 points or 0.98 per cent to settle at 73,878 after soaring 484.07 points
Oil prices rose today, bouncing back after three consecutive days of decline. This surge was driven by anticipation that the recent dip might prompt the United States, the largest consumer of crude globally, to initiate replenishment of its strategic reserve, thereby stabilizing prices. However, the optimism was tempered by a more than 3% drop on
Gold prices declined today in the futures market. The precious metal was lower by 40 rupees, or 0.06 per cent, trading at 70,685 rupees per ten grams. Silver futures for July contracts were down by 429 rupees, or 0.53 per cent, trading at 80,798 rupees per kilogram, when the reports last came in. In the
Benchmark indices rebounded and ended higher in the volatile session today with Nifty around 22,650 as record GST collections in April, positive manufacturing data, and foreign fund inflows boosted investor sentiment. The 30-share BSE Sensex rose 128 points or 0.17 per cent to close at 74,611 points, while the Nifty-50 added 43 points or 0.19
In the forex market, the rupee closed at 83 rupees and 47 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 105.78 in intra-day trade.
Key Asian stocks ended mixed today. Hong Kong’s Hang Seng Index rose 2.44 percent and Singapore’s Straits Times index jumped 0.13 percent. On the other hand, South Korea’s Kospi declined 0.30 percent and Japan’s Nikkei-225 fell 0.10 percent. Whereas China’s Shanghai Composite index was closed on account of a holiday. Major European markets were trading
The US Federal Reserve has kept the key interest rate unchanged at 5.25 to 5.50 percent for the sixth straight time, in line with market estimates. After a two-day Federal Open Market Committee (FOMC) meeting, US apex bank last night decided unanimously to keep the benchmark lending rate unchanged, citing a lack of further progress
The US Federal Reserve has kept the key interest rate unchanged at 5.25 to 5.50 percent for the sixth straight time, in line with market estimates. After a two-day Federal Open Market Committee (FOMC) meeting, US apex bank last night decided unanimously to keep the benchmark lending rate unchanged, citing a lack of further progress