Mumbai, June 29 (IANS) Indian equity benchmarks ended the session in negative territory on Monday as weakness in auto, information technology, and public sector banking stocks weighed on investor sentiment. Renewed geopolitical tensions in West Asia also kept traders cautious, leading to broad-based selling across sectors.The Sensex declined 372.10 points, or 0.48 per cent, to settle at 76,728.37, while the Nifty fell 109.75 points, or 0.46 per cent, to close at 23,946.25.Commenting on Nifty tec…
Latest US-Iran Peace Agreement News & Updates
New Delhi, June 25 (IANS) In a major relief to industrial and commercial LPG consumers, the government on Thursday removed all sectoral restrictions on the supply of non-domestic packed LPG and restored supplies to the levels prevailing prior to the West Asia crisis.The restrictions have been lifted due to improved indigenous LPG production and the projected availability of imported LPG cargoes following the US-Iran peace agreement and the opening of the Strait of Hormuz, according to a statemen…
New Delhi, June 21 (IANS) The Reserve Bank of India (RBI) is likely to maintain its wait-and-watch approach and keep the repo rate unchanged at 5.25 per cent in upcoming monetary policy meetings as easing geopolitical tensions reduce uncertainty and allow policymakers to focus on incoming economic data, according to a report.As per analysis by BofA Securities, the conclusion of the US-Iran peace agreement has eased a key source of global uncertainty, giving the central bank more room to remain d…
Mumbai, June 14 (IANS) The Indian stock market is likely to remain driven by global cues in the coming week, with investors closely watching the US Federal Reserve’s policy meeting, developments surrounding a potential US-Iran peace agreement and trends in crude oil prices.Benchmark indices ended the previous week on a positive note, breaking a two-week losing streak amid improving investor sentiment.The Nifty gained 1.10 per cent to close at 23,622.90, while the Sensex rose 1.73 per cent to set…