Mumbai, June 20 (IANS) The Indian equity benchmarks posted second consecutive week of strong gains, over investor optimism about improved geopolitical situation following the US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.65 per cent during the week and lost 0.64 per cent on the last trading day to reach 24,013. At close, Sensex was down 607 points or 0.78 per cent at 76,802. It added 1.69 per cent during the week.Domestic markets witnessed consolidation on the last tra…
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Mumbai, June 13 (IANS) The Indian equity benchmarks posted notable gains this week after two weeks of consecutive losses, over investor optimism about potential US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.10 per cent during the week and gained 1.99 per cent on the last trading day to reach 23,622. At close, Sensex was up 1,695 points or 2.30 percent at 75,527. It added 1.73 per cent during the week.The Indian equities showed structural resilience in a turbulent week,…
Mumbai, May 23 (IANS) Indian equity benchmarks posted notable gains during the week as sentiments improved over easing crude oil prices and reports of indirect US–Iran talks.Nifty gained 0.32 per cent during the week and added 0.27 per cent on the last trading day to reach 23,719. At close, Sensex was up 231 points or 0.31 per cent at 75,415. It advanced 0.24 per cent during the week.”Despite the rebound, investors largely remained cautious, with limited conviction at higher levels continuing …
Mumbai, May 20 (IANS) Indian benchmark equity indices recovered all intra-day losses in the final hour of trade to end Wednesday’s session on a positive note, supported by gains in oil & gas and auto stocks.The Nifty closed at 23,659, up 41 points, or 0.17 per cent. During the session, the index touched an intra-day high of 23,690.90 and a low of 23,397.30.The Sensex also ended near the day’s high at 75,318.39, gaining 117.54 points, or 0.16 per cent.The 30-share index had fallen sharply…
Mumbai, April 29 (IANS) Indian equity benchmarks ended higher on the Wednesday but surrendered a large portion of their intra-day gains as a sharp rise in global crude oil prices weighed on investor sentiment.The Nifty closed at 24,177.65, up 0.76 per cent or 181.95 points, while the Sensex settled at 77,496.36, gaining 0.79 per cent or 609.45 points.From a technical standpoint, experts said that on the upside, 24,200 remains the first resistance.“On the downside, a breach of the 24,000–24,1…
Mumbai, March 9 (IANS) Gold and silver prices eased on Monday amid a firmer US dollar and higher inflation expectations, trimming hopes of US Fed rate cuts in the near term.MCX gold April futures lost 0.16 per cent to Rs 1,61,380 per 10 grams around 11.10 am on an intraday basis. Meanwhile, MCX silver May futures declined 1.30 per cent to Rs 2,64,799 per kg.Earlier in the day, gold futures had dipped 1.1 per cent, while silver futures had declined 1.4 per cent, before a strong rebound by preciou…
Mumbai, Feb 20 (IANS) The Indian equity markets opened the last trading session of the week in red on Friday, extending sharp losses seen the previous day.As of 9.26 a.m., Sensex lost 154 points, or 0.19 per cent, to reach 82,343, and Nifty dipped 31 points, or 0.12 per cent, to settle at 25,423.Main broad-cap indices moved in opposite directions as the Nifty Midcap 100 lost 0.13 per cent, while the Nifty Smallcap 100 gained 0.13 per cent.Sectoral indices traded mostly in the green except Nifty …
New Delhi, Feb 16 (IANS) Gold and silver prices declined on Monday, as the US dollar strengthened tracking in-line US inflation data.MCX gold April futures dipped 0.56 per cent to Rs 1,55,023 per 10 grams around 12.30 am on an intra-day basis. Meanwhile MCX silver March futures declined 1.99 per cent to Rs 2,39,501 per kg.The dollar index surged 0.10 per cent to 97, tracking the moderation in US CPI (consumer price index) in January. The index earlier received support from strong jobs data that …
Mumbai, Feb 16 (IANS) The Indian equity markets opened the week almost flat with a mild negative bias on Monday, due to a weaker-than-expected earnings season and AI-led pressure on technology stocks.As of 9.25 am, Sensex lost 22 points, or 0.02 per cent, to reach 83,604, and Nifty lost 6 points, or 0.03 per cent, at 25,464.Main broad-cap indices posted stronger losses than benchmark indices, as the Nifty Midcap 100 declined 0.34 per cent, and the Nifty Smallcap 100 dipped 0.47 per cent.Sectoral…
New Delhi, Feb 4 (IANS) India now has one of the lowest tariffs among key Asian countries, with the US-India trade deal resulting in a reduction in tariffs on Indian goods to 18 per cent from 50 per cent earlier, and this will help in improving the country’s export competitiveness, according to an SBI Research report released on Wednesday.The tariff rate for India is even lower than Vietnam, which is one of the major trading partners of the US, enabling Indian exports to regain competitiveness…