New Delhi, July 17 (IANS) The Indian rupee snapped its three-day losing streak on Friday, opening 4 paise higher at 96.31 against the US dollar aided by a weaker greenback.The domestic currency had settled at 96.35 in the previous session.The recovery in the rupee came after the dollar index, which measures the US currency against a basket of six major peers, slipped to a one-month low.The dollar index steadied around 100.7 but remained on track for a weekly decline after softer-than-expected US…
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New Delhi, July 12 (IANS) India has received $7 billion from foreign institutional investors (FIIs) after the government announced measures last month to attract more foreign funds and steady the volatility in the rupee, according to an SBI Research report. The Indian rupee has appreciated around 2.2 per cent till the end of June, a low of Rs 96.8 vis-a-vis the US dollar on May 20, 2026.Last month, the government and the Reserve Bank of India introduced a set of measures aimed at boosting foreig…
Mumbai, July 11 (IANS) After rallying for four consecutive weeks, the Indian equity benchmarks posted mild weekly loss, as escalating tensions in West Asia sent crude prices higher.Nifty lost 0.26 per cent during the week and edged up 1.02 per cent on the last trading day to reach 24,206. At close, Sensex was up 827 points, or 1.08 per cent, at 77,569. It lost 0.25 per cent during the week.Indian equities experienced a volatile week, with early optimism giving way to a sharp bout of risk aversio…
Mumbai, July 4 (IANS) Foreign institutional investors (FIIs) continued to remain net seller during this week, offloading Rs 4,000 crore based on provisional exchange data.On the other hand, domestic institutional investors (DIIs) were net buyers, purchasing Rs 12,630 crore in the domestic markets. During June, FIIs sold a cumulative Rs 49,030 crore, while DIIs bought Rs 85,800 crore, based on provisional exchange data.During current week, except for Friday, FIIs were net seller in rest of the we…
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…
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,…