Mumbai, May 8 (IANS) Indian benchmark indices ended lower on Friday as renewed tensions between the United States and Iran dampened investor sentiment and triggered caution across sectors. The selloff was largely led by banking stocks, while gains in IT shares helped limit the downside.The Nifty ended 150.50 points or 0.62 per cent down at 24,176.15 and the Sensex ended 516.33 points or 0.66 per cent down at 77,328.19.Commenting on Nifty technical outlook, experts said that the 24,250–24,300 l…
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Mumbai, May 8 (IANS) Gold and silver prices traded higher on Friday amid renewed geopolitical tensions between the US and Iran, with precious metals surging up to 1 per cent.On the Multi Commodity Exchange (MCX), gold futures (June 5) opened at Rs 1,52,672 per 10 grams, up Rs 411 from the previous close of Rs 1,52,261.At around 12:20 pm, the yellow metal was trading Rs 592 or 0.38 per cent higher at Rs 1,52,853 per 10 grams. During the session so far, it touched an intraday high of Rs 1,53,103, …
Mumbai, May 8 (IANS) Indian stock markets traded on a cautious note Friday, with benchmark indices declining 0.7 per cent each in the morning session as renewed hostilities between the United States and Iran strained a fragile ceasefire and rattled investor sentiment globally.Sensex fell as much as 0.71 per cent or over 500 points to hit an intraday low of 77,291.72 in early trade, while Nifty slipped by 168 points or 0.69 per cent to 24,158.15.Among sectoral indices, Nifty Private Bank, Nifty P…
New Delhi, May 7 (IANS) Gold and silver prices traded higher on Thursday, with prices rising by up to 1 per cent amid a rise in crude oil prices and uncertainty surrounding the US-Iran peace deal.On the Multi Commodity Exchange (MCX), gold futures (June 5) traded at an intraday high of Rs 1,52,887, up 0.49 per cent or Rs 755, as of 10:49 am. The yellow metal touched an intraday low of Rs 1,52,400.Meanwhile, silver futures (July 3) were trading 1.49 per cent or Rs 3,790 higher at Rs 2,57,055 afte…
Mumbai, May 7 (IANS) The Indian equity markets traded higher on Thursday in morning trade amid hopes of the US-Iran peace deal.Sensex climbed as much as 0.48 per cent, or 380 points, to hit an intraday high of 78,339.24 in early trade, while Nifty traded at 24,423.35, up 0.37 per cent or 92 points.Meanwhile, from the Nifty pack, Tata Consumer, Power Grid, Hindustan Unilever, TCS, HDFC Bank, Titan, NTPC, and Sun Pharma were among the top losers.Sectoral indices — Nifty Realty, Nifty FMCG, Nifty …
Washington, May 6 (IANS) Oil prices plunged as much as 10 per cent on Wednesday after reports suggested the United States and Iran were nearing a possible agreement to end the Gulf conflict, easing fears of prolonged disruption in the Strait of Hormuz.West Texas Intermediate (WTI), the US benchmark, dropped as much as 10 per cent in early trading before recovering slightly to trade around $94.32 a barrel, according to Business Insider. Brent crude, the international benchmark, fell 7 per cent to…
Mumbai, May 6 (IANS) Gold and silver traded higher on Wednesday, tracking weakness in oil prices and the dollar index, with both precious metals gaining up to 3 per cent.On the Multi Commodity Exchange (MCX), gold futures (June 5) opened at Rs 1,52,000 per 10 grams, up Rs 2,247 or 1.5 per cent from the previous close of Rs 1,49,753.At 11:30 am, gold was trading at Rs 1,52,419, up Rs 2,666 or 1.78 per cent. So far in the session, the yellow metal has touched an intraday high of Rs 1,52,450, up Rs…
New Delhi, May 6 (IANS) Global oil inventories that can be tapped without disrupting supply chains could be exhausted within three weeks, raising the risk of ‘operational stress’ in markets by mid‑June, a report has said.The report from investment bank JP Morgan said that the global oil inventory stood at 8.4 billion barrels of oil in early 2026, but only a small portion is usable without pushing the system into strain in order to keep the circulation network working.”Of the 8.4 billion barrel…
Mumbai, May 6 (IANS) Indian equity markets traded higher on Wednesday in early deals, with benchmarks jumping almost 1 per cent each on global cues, amid hopes of de-escalation in the West Asia conflict.Sensex rose 0.85 per cent or 657 points to hit an intraday high of 77,675 in morning trade, while Nifty was trading at 24,250, up 0.90 per cent or 217 points from the previous close.Among sectoral indices, Nifty PSU Bank, Nifty Private Bank, Nifty Auto, Nifty Metal, and Nifty IT advanced up to ne…
New Delhi, May 5 (IANS) The conflict between the United States and Iran has triggered a severe energy price shock through Pakistan’s economy which is in dire straits with rising inflation, dwindling foreign exchange reserves and a fast depreciating currency.According to an article in India Narrative, this is not merely a transient shock for Pakistan, one of South Asia’s most fragile states, but a structural blow to the economy. It points out that Pakistan is the “primary casualty” in the…