New Delhi, June 1 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to keep interest rates on hold on June 5, as a sharp correction in Brent crude prices has eased concerns around inflation, a report said on Monday.The report from Emkay Global Financial Services noted that a significant improvement in India’s outlook for the external account over the past two weeks due to 22 per cent correction in Brent on hopes of a US‑Iran memorandum of understanding.”We expe…
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Mumbai, June 1 (IANS) Indian equity benchmarks started the month on a strong note on Monday, trading higher in early deals despite elevated oil prices and ongoing geopolitical tensions, with both indices gaining almost 1 per cent.Sensex rose nearly 600 points or 0.8 per cent to hit an intraday high of 75,367, while Nifty climbed 185 points or 0.78 per cent to trade at 23,733.Sectoral trends remained largely positive, led by IT stocks. Nifty IT emerged as the top sectoral gainer, rising around 2 …
Mumbai, May 30 (IANS) Domestic institutional investors (DIIs) staged a historic defence of the domestic stock market, injecting a staggering Rs 82,668 crore in May, as foreign institutional investors (FIIs) continued their selling.The massive capital cushion completely absorbed an 11-month relentless selling streak by FIIs, who offloaded Rs 55,963 crore over the month, signalling a significant shift in market liquidity dynamics. This monthly tug-of-war was vividly mirrored in the final week’s …
Mumbai, May 29 (IANS) Indian equity benchmark indices ended sharply lower on Friday after a volatile trading session, as uncertainty surrounding a possible US-Iran understanding triggered heavy selling in the final hour of trade.The Sensex closed at 74,775.74, down 1,092.06 points or 1.44 per cent, while the Nifty settled at 23,547.75, declining 359.40 points or 1.50 per cent.The Nifty witnessed sharp swings during the session, touching an intra-day high of 24,002.80 before falling to a low of 2…
Mumbai, May 28 (IANS) Domestic equity markets will remain closed on Thursday as trading on the exchanges — the National Stock Exchange (NSE) and the BSE — remains suspended on account of Eid al-Adha.Trading across equities, equity derivatives, securities lending and borrowing (SLB), currency derivatives and interest rate derivatives will remain closed for the day on both bourses.The closure follows an earlier holiday on May 1 for Maharashtra Day, with trading set to resume on Friday, May 29.In…
New Delhi, May 26 (IANS) Despite geo-political headwinds, India’s services sector remained resilient as exports grew 13.4 per cent year‑on‑year to $37.24 billion while imports fell marginally to $16.66 billion, a report said on Tuesday.The report from B2K Analytics said strong performance in the services sector helped offset a widening merchandise trade gap driven by higher energy costs.India’s overall trade deficit, including merchandise and services, narrowed to $7.8 billion during the…
Raebareli, May 20 (IANS) Lok Sabha Leader of the Opposition (LoP), Rahul Gandhi, on Wednesday launched an attack on the Centre and the BJP, warning that the country must be protected from a looming economic crisis and threats to the Constitution.Addressing the ‘Bahujan Swabhimaan Sabha’ held during the unveiling of a statue of freedom fighter Veera Pasi in Lodhwari village, LoP Gandhi said India could soon face an economic downturn, the burden of which would fall heavily on the common people…
New Delhi, May 9 (IANS) Gold prices rose 1.83 per cent during the week over persistent geopolitical uncertainty and volatile crude prices.On Friday, MCX gold June futures gained 0.04 per cent while MCX silver May futures surged 1.34 per cent. Currently gold futures stand at Rs 1,52,589, while silver futures at Rs 2,61,999 per kg.The price of 10 grams of 24-carat gold was at Rs 1,51,078 on Friday up from Rs 1,48,357 seen on Monday market opening, according to data published by the India Bullion a…
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…
New York, May 5 (IANS) International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that the global economy would face a “much worse outcome” if the Middle East war drags on into 2027, with oil prices hitting around 125 dollars per barrel. “We are going to see inflation climbing up, and then inevitably, inflation expectations would start de-anchoring,” she said at a conference hosted by the Milken Institute in Washington, D.C., on Monday (local time).She noted that current con…