Mumbai, June 27 (IANS) The Indian equity benchmarks posted a third consecutive week of gains, over sharp correction in crude oil prices to pre‑Iran war levels and improved traffic at the Strait of Hormuz.Nifty added 0.18 per cent during the week and edged up 0.14 per cent on the last trading day to reach 24,056. At close, Sensex was up 109 points or 0.14 per cent at 77,100. It added 0.39 per cent during the week.The domestic markets navigated a week of mixed signals with notable resilience, ev…
Latest US–Iran News & Updates
New Delhi, June 22 (IANS) Gold and silver prices traded higher on Monday amid a decline in crude oil prices and signs of progress in US-Iran peace talks.On the Multi Commodity Exchange (MCX), gold futures (August 5) rose Rs 615 or 0.42 per cent to trade at Rs 1,47,818 per 10 grams as of around 10:26 am.The yellow metal touched an intraday high of Rs 1,47,987, up 0.53 per cent or Rs 784 from the previous close and a low of Rs 1,45,110, down 1.42 per cent or Rs 2,093 during the session. It had set…
New Delhi, June 21 (IANS) Crude oil prices have retreated sharply and are trading near their lowest levels since the onset of the Middle East conflict. According to analysts, if the US-Iran situation progresses positively and full normalcy is restored at the Strait of Hormuz, crude prices may soften further.However, “we expect crude oil prices to rise again as countries are expected to replenish inventories and Strategic Petroleum Reserve (SPRs) to maintain optimum resource levels, creating in…
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…
Mumbai, June 18 (IANS) Indian equity benchmark indices closed higher on Thursday, supported by fag-end buying and gains in PSU bank, healthcare, metal and realty stocks, even as weakness in the IT sector capped the upside.The Sensex rose 254.36 points, or 0.33 per cent, to settle at 77,409.98, while the Nifty gained 82.30 points, or 0.34 per cent, to close at 24,168.00.Commenting on Nifty technical outlook, experts said that the 24,200 level now emerges as the immediate resistance. “A sustained …
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,…
Tel Aviv, June 8 (IANS) Israel on Monday afternoon released footage of its attack on an Iranian facility in Maheshwar in southwestern region of the country which the Israel Defence Forces (IDF) claimed stored missiles intended to hit aircraft. “The IDF is now publishing colour documentation of the destruction of one of the systems, which stored missiles intended to hit aircraft. After the attack, secondary explosions were detected indicating that the missiles were in the launcher,” read a statem…
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…
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 …