Seoul, April 27 (IANS) The total market capitalisation of companies listed on the local stock market surpassed 6,000 trillion won ($4.08 trillion) for the first time on Monday, boosted by anticipation for the semiconductor sector, industry data showed.The combined market capitalisation of companies listed on the country’s three stock bourses stood at 6,047.9 trillion won as of early Monday morning, according to the data from the Korea Exchange (KRX), South Korea’s main bourse operator, reports Y…
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Mumbai, April 24 (IANS) The domestic equity markets saw negative performance in early hours on Friday amid elevated geopolitical tensions and the Q4 earnings season.Sensex was trading at 77,263, down 0.51 per cent or 400 points, while Nifty was down 0.41 per cent, or 100 points, in early trade amid panic selling in IT, financial and pharma stocks. However, support was seen in FMCG and chemical scrips.Cipla, Infosys, Dr Reddy’s Laboratories, Sun Pharma, TCS and ICICI Bank were among the top lag…
Mumbai, April 22 (IANS) Global crude oil prices edged higher to nearly $100 a barrel on Wednesday as traders and investors analysed the outlook for US-Iran peace talks following US President Donald Trump’s announcement to extend a fragile ceasefire, even as the Strait of Hormuz remained constrained.International benchmark Brent crude futures traded at $99.29 per barrel, up 0.82 per cent, while US West Texas Intermediate (WTI) rose 1.15 per cent to $90.71.Both benchmark contracts had gained aro…
Mumbai, April 22 (IANS) The Indian equity benchmarks traded lower in early hours on Wednesday, even after President Donald Trump announced an extension of the fragile ceasefire between the US and Iran.Sensex declined as much as 0.62 per cent, or about 500 points, to 78,779, while Nifty traded at 24,434, down 142.2 points or 0.57 per cent, amid selling pressure in IT, banking, pharma and healthcare stocks such as Max Healthcare, ICICI Bank, Axis Bank, HCL Tech and Apollo Hospitals. Meanwhile, Nif…
Seoul, April 21 (IANS) Around two months after an extreme rout caused by the Middle East crisis, South Korea’s stock market showed a dramatic return on Tuesday by setting a new record high amid hopes for the US-Iran peace talks and the revival of a tech rally.The benchmark KOSPI closed 2.72 percent higher at 6,388.47 points. The previous high was recorded on Feb. 26, when the benchmark index closed at 6,307.27, reports Yonhap news agency.Market capitalisation of the KOSPI-listed firms also swell…
Mumbai, April 21 (IANS) The Indian stock markets traded higher in early deals on Tuesday, supported by hopes of a peace deal between the United States and Iran, along with a decline in crude oil prices.Sensex rose 0.56 per cent, or 445 points, to hit an intra-day high of 78,966, while Nifty climbed 0.48 per cent or 118 points to 24,483, amid buying in realty, banking, metal, consumer durables and chemical stocks.Sectorally, Nifty Realty, Nifty Private Bank, Nifty Metal, Nifty Consumer Durables, …
Mumbai, April 17 (IANS) Domestic equity benchmarks opened on a flat note on Friday, but gained afterwards, after relief in global oil prices and US President Donald Trump’s ceasefire announcement between Israel and Lebanon.Sensex opened at 77,976, down 12 points, or 0.02 per cent, while Nifty began the session up 30 points, or 0.13 per cent, at 24,165.The indices traded mildly positive further, with the 30-scrip basket gaining 142 points or 0.18 per cent to 78,130 and the 50-share index adding 2…
Seoul, April 16 (IANS) The Seoul government has submitted a formal opinion letter on the United States’ ongoing probes into South Korea and other nations involving what it calls “unfair” trade practices related to structural excess production and forced labour, officials said on Thursday.The letter was submitted by the Ministry of Trade, Industry and Resources to the office of the US Trade Representative (USTR) ahead of public hearings on the ongoing trade investigation scheduled to begin next m…
Seoul, April 15 (IANS) South Korea’s money supply rose for the fourth consecutive month in February, as increases in savings deposits offset a decline in certificates of deposit (CDs), central bank data showed on Wednesday.The country’s M2, a key gauge of the money supply, stood at an average of 4,114 trillion won ($2.79 trillion) in February, up 600 billion won from a month earlier, according to the preliminary data from the Bank of Korea (BOK), reports Yonhap News Agency.The figure rebounded i…
Mumbai, April 14 (IANS) Indian stock market exchanges remained closed on Tuesday on account of Dr B.R. Ambedkar Jayanti — the second trading holiday in the current financial year (FY27) and in April.Both the bourses, NSE and BSE, suspended trading across equity, equity derivatives and currency segments for the day.In the commodities segment, the Multi Commodity Exchange of India (MCX) also remained shut in the morning session. However, it will resume trading in the evening session between 5 pm …