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Source: Live Mint Indian IT stocks continued their winning streak for the fifth straight session on Thursday, December 5, boosted by Federal Reserve Chair Jerome Powell’s remarks at the New York Times DealBook Summit, where he emphasised the resilience of the US economy, which contributes 60-70 per cent of revenue for IT companies. Riding on…
Source: Live Mint The Indian stock market snapped its two-week losing streak on a high note, offering relief after weeks of correction. Yet, this came after navigating a highly volatile week marked by geopolitical tensions and renewed concerns surrounding the latest bribery and fraud charges against the Adani group. In the last week of November,…
Source: Live Mint The Indian rupee slipped to another fresh low of 84.50 against the US dollar in trade on November 22 as the greenback’s steady rise, persistent selling by foreign portfolio investors (FPIs), and escalating geopolitical tensions continued to weigh heavily on the local currency. The US Dollar index, which tracks the dollar’s performance…
Source: Live Mint Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to see positive opening on Tuesday following gains in global equities. Asian markets traded higher, while the US stock market ended mixed overnight, with the Nasdaq and S&P 500 closing higher. On Monday, the Indian stock market indices…
Source: Live Mint Stock Market News: The domestic benchmark indices, Nifty 50 and Sensex, slightly declined on Thursday, marking their sixth weekly loss in seven weeks. Concerns about a slowdown in consumption compounded worries about moderating earnings and foreign capital outflows. The Nifty 50 dropped by 0.11% to 23,532.7, closing below its 200-day moving average…
Source: Live Mint Gold prices on MCX opened sharply lower on Thursday tracking weakness in international bullion prices that hit a two-month low amid a stronger US dollar. Silver prices also dropped by more than 1%. At 9:05 am, MCX gold rate traded lower by ₹609, or 0.82%, at ₹73,873 per 10 grams, while MCX…
Source: Live Mint The US Dollar Index, which measures the greenback’s strength against a basket of six major currencies, surged by 1.9% to 105.30 on Wednesday, November 6 to its highest level in almost four months. This rally was driven by early reports suggesting that Republican candidate Donald Trump is edging closer to securing a…
Source: Live Mint Indian rupee depreciated to a record low on Monday, following weakness in Asian peers, weighed down by elevated crude oil prices and strong US dollar. The local currency dipped to a lifetime low of 84.0725 to the US dollar, inching past the prior low of 84.07 hit on Friday. The rupee opened…
Source: Live Mint The Indian market closed on a lacklustre note for the second session on Thursday, October 10, despite strong cues from global and Asian peers. Selling pressure in IT and pharma stocks kept the frontline indices near their previous day’s levels. Banking stocks, on the other hand, posted notable gains during the session,…
