Mumbai, April 10 (IANS) Indian equity benchmarks traded sharply higher on Friday, mirroring gains in global markets despite fresh geopolitical tensions and concerns over the closure of the Strait of Hormuz.Sensex climbed as much as 0.82 per cent or 630 points to hit an intra-day high of 77261 in early trade, while Nifty surged 0.85 per cent or 203 points to trade at 23,978.Earlier, the 30-share Sensex opened at 77,121, up 0.64 per cent or 489 points, while the 50-share index began the session at…
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Mumbai, April 7 (IANS) The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz.Sensex opened 372 points or 0.50 per cent lower at 73,734, while Nifty began the session at 22,838.Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 points, hitti…
Mumbai, April 2 (IANS) Indian stock markets opened sharply lower on Thursday, with key equity benchmarks declining more than 1 per cent amid fresh escalation in the West Asia conflict.Sensex opened at 72,262, down 872 points or 1.19 per cent, while the Nifty fell 1.31 per cent or around 300 points to open at 22,383.40. Both the indices fell further as trading progressed in early hours.All sectors opened in the red, with banking, realty, chemicals, auto, metal, and healthcare among the top losers…
Mumbai, March 31 (IANS) Domestic stock exchanges BSE and NSE will remain closed on Tuesday on account of Shri Mahavir Jayanti.In addition, the bourses will have 11 more days of official holidays this year, except Saturdays and Sundays.In commodities, the Multi Commodity Exchange of India (MCX) will remain closed during the morning session — 9 am to 5 pm — on Tuesday due to the festival.However, trading will resume in the evening session from 5 pm to 11:30 pm, according to the exchange. Meanwhi…
Mumbai, March 27 (IANS) Global crude oil prices remained highly volatile this week, with both the key benchmarks trading in negative on Friday.Brent crude futures fell as much as 2.29 per cent to $105.53 per barrel as of 9:40 am, while US WTI crude declined 2.54 per cent to $92.08.So far this week, Brent crude has dropped over 5 per cent, hovering near the $100 mark, while WTI crude has also fallen nearly 5 per cent to trade around $90.Meanwhile, the Indian rupee weakened by 28 paise to hit an a…
Washington, March 26 (IANS) US lawmakers grappled with a difficult question facing modern finance — how to embrace new technology without exposing investors and markets to fresh risks.At a congressional hearing on Wednesday (local time), policymakers and industry leaders debated the rise of tokenised securities, a fast-evolving system that promises quicker trades and wider access, but also raises concerns about oversight, transparency and financial stability.House Committee on Financial Service…
Mumbai, March 25 (IANS) India is at the cusp of a new investment upcycle and domestic equities are currently trading at fair valuations relative to global peers, a new report showed on Wednesday.Nifty 50 is at approximately 20 time P/E (Price-to-Earnings) — below its recent historical averages. The valuation comfort is supported by robust macroeconomic fundamentals, including expected GDP growth of 7.3–7.5 per cent and steady earnings expansion, according to the report by Emkay Global Financ…
Washington, March 25 (IANS) Oil markets swung sharply as investors weighed fears of a prolonged Middle East conflict against signs of possible diplomatic progress, with prices briefly topping $100 before retreating.Wall Street struggled for direction. Crude rose, bonds sold off, and stocks fell as conflicting signals emerged from Washington and the region, according to reporting by The Wall Street Journal.Front-month Brent crude climbed 4.6 per cent to $104.49 a barrel, while West Texas Intermed…
Mumbai, March 24 (IANS) Indian equity benchmarks opened on a strong note on Tuesday amid hopes of easing tensions in West Asia over remarks by US President Donald Trump on postponing potential strikes on Iran’s energy infrastructure.Sensex surged as much as 2 per cent or 1,516 points to hit an intra-day high of 74,212, while Nifty opened at 22,878, up 365.80 points or 1.62 per cent.Sector-wise, all sectors were trading in green zone as buying was seen across the board — with consumer durables…
New Delhi, March 23 (IANS) Adobe on Monday announced the appointment of Shamik Basu as Vice President, Creative Products Group in India, as part of its push to strengthen local innovation and leadership.Based in Noida, Basu will lead Adobe India’s engineering and product management teams and report to Ely Greenfield. He will also be part of the company’s India leadership team focused on driving growth and innovation in the country.”India is a priority market for Adobe and key to advancing in…