Latest business news
Markets concluded the week on a subdued note, as investors grappled with global uncertainties and awaited key domestic developments. The benchmark indices experienced volatility, with the Sensex and Nifty oscillating within a narrow range before closing marginally lower. The Nifty settled at 24,853.15, while the Sensex ended at 81,721.08, reflecting cautious investor sentiment. The Nifty’s…
MUMBAI, May 22 (Reuters) – The Indian rupee declined to a more-than-one-month low on Thursday, pressured by likely outflows from local equities and the breach of a key technical support level that triggered stop-losses on speculative long bets. The South Asian currency closed at 86.0025 against the U.S. dollar, down 0.4% on the day. It…
Stock market today: Indian benchmark indices opened on a flat note Monday, with gains in financial stocks being balanced out by declines in IT shares, as global sentiment remained subdued after Moody’s downgraded the U.S. government’s credit rating on Friday. The BSE Sensex dipped by 60.79 points, or 0.07%, to start the day at 82,269.80,…
CHICAGO, May 16 (Reuters) – Chicago Mercantile Exchange live cattle and feeder cattle futures rebounded on Friday on short covering and technical trading after a selloff in the previous session, traders said. Cattle futures have also been underpinned by strong boxed beef prices and a tight cattle supply. Futures prices set all-time highs earlier in…
D-Street Ahead: Domestic equity benchmarks Sensex and Nifty 50, limiting their weekly gains, weighed by broad-based sectoral losses and investor anxiety over geopolitical tensions following a deadly militant attack in Kashmir. The Nifty 50 fell 0.86% to 24,039.35 while the BSE Sensex lost 0.74% to 79,212.53. Both the benchmarks rose about 0.8% each this week….
D-Street Ahead: The Nifty 50 ended 1.8% higher at 23,851.65, while the BSE Sensex added 1.96% to end at 78,553.2 ahead of the Good Friday holiday. The indexes rose 4.5% in the holiday-truncated week, while their major Asian peers underperformed due to the uncertainty over U.S. tariffs and worries about their effect on economic growth….
Equity benchmarks closed the week on a subdued note, ending with modest losses amid heightened volatility. The holiday-shortened week began on a weak footing, with a sharp gap- down triggered by global concerns. However, sentiment improved significantly in the subsequent sessions, helping the Nifty and Sensex trim losses and settle at 22,828.50 and 75,157.26 respectively,…
Brent and West Texas Intermediate crude climbed more than $1 on Friday after U.S. Energy Secretary Chris Wright said the United States could end Iran’s oil exports as part of an effort to bring the Islamic Republic to terms over its nuclear program. Brent crude futures settled at $64.76 a barrel, up $1.43, or 2.26%….