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By Rajendra Jadhav and Anmol Choubey (Reuters) – Physical gold demand in India was subdued this week, as an uptick in domestic prices and a winding up of wedding season kept buyers at bay, while premiums slipped in top consumer China. This week, Indian dealers were offering a discount of up to $31 an ounce…
Stock market news: Indian stock market saw a recovery in the final trading session of the week, with both Sensex and Nifty 50 increasing by approximately 1%, driven by positive sentiment regarding US-China trade talks. On Friday, the indices were boosted by purchases in major companies like Reliance Industries, HDFC Bank, and ITC. Moreover, expectations…
Stock market news: The key domestic indices, Sensex and Nifty 50, closed lower on Friday due to profit-taking in IT stocks and Bharti Airtel shares following a significant rally in the previous session. The Sensex fell by 200.15 points, or 0.24%, settling at 82,330.59. At one point during the day, it dropped by 383.79 points,…
Stock market news: Indian stock markets in the week ahead, starting Monday, will be influenced by geopolitical events, especially the ongoing tensions with Pakistan, along with macroeconomic indicators and corporate earnings, according to market analysts. The Nifty 50 wrapped up the week at 24,008.00, reflecting a decrease of 1.39%, while the Sensex closed at 79,454.47,…
(Bloomberg) — Coinbase Global Inc. was tempted in the past to go all in on the Bitcoin buying strategy popularized by Michael Saylor but considered the scheme too risky. “There were definitely moments over the last 12 years where we thought, man, should we put 80% of our balance sheet into crypto — into Bitcoin…
Yes Bank share: Following the State Bank of India (SBI) move to offload its 13.19% stake in Yes Bank in favour of Japan’s Sumitomo Mitsui Banking Corporation (SMBC), bulls bet high on Yes Bank shares on Friday. The share price witnessed a sharp upside on Friday and finished 10% higher at ₹20.05 apiece on the…
Stock market news: The domestic equity market benchmark indices, Sensex and Nifty 50, saw a minor uptick on Friday, ending off day’s high, as investors resorted to profit-booking at higher levels. Optimism surrounding a potential India-US trade deal, record high April GST collection, and continuous inflow of foreign funds, was offset by potential geopolitical tensions…
New Delhi: Akshaya Tritiya, a spring festival in India, is an auspicious day for new beginnings, investments, and charity, believed to ensure enduring prosperity. Buying gold is a common practice on this day. However, consumers refrained from high-value gold purchases on Wednesday, deterred by steep prices of the precious metal. Still, they opted for token…
Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, made a modest climb at the start of trading on Monday, buoyed by stronger-than-anticipated earnings from major player Reliance Industries and favorable signals from Asian markets, although increasing geopolitical tensions between India and Pakistan limited the rise. The Sensex surged by 456.05 points to…
(Bloomberg) — Kenya is considering adding gold to its reserves to diversify its foreign exchange holdings beyond the US dollar and other currencies, according to the country’s central bank governor. “We have basically a group that is looking at the feasibility of doing it and yes, that’s something that we’re actively considering,” Kamau Thugge said…