Business

October 15, 2024 6:51 PM October 15, 2024 6:51 PM

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Sensex and Nifty end in red territory

The domestic benchmark indices today ended with losses. The BSE Sensex shed 153 points, or 0.1 per cent to close at 81,820 and the NSE Nifty ended with a fall of 70 points, or 0.2 per cent to settle at 25,057. In the Forex market, the rupee today ended at 84 rupees and three paise against the US dol...

October 14, 2024 7:29 PM October 14, 2024 7:29 PM

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Asian markets see gains as Shanghai Composite surges over 2%

Three out of five major Asian indices closed higher today. China's Shanghai Composite jumped more than two per cent, South Korea's Kospi climbed one per cent and Singapore's Straits Times Index added more than half per cent. Conversely, Hong Kong's Hang Seng lost 0.7 percent. Meanwhile, the market i...

October 14, 2024 7:26 PM October 14, 2024 7:26 PM

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Oil prices drop as China’s stimulus plans disappoint investors

Oil prices declined today as China's stimulus plans failed to inspire confidence among investors.   In the global crude market, Brent crude was trading 2.1 per cent down at 77 dollars and 38 cents per barrel. The U.S. West Texas Intermediate (WTI) was also trading 2.2 per cent down at 73 dollar...

October 14, 2024 7:24 PM October 14, 2024 7:24 PM

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Sensex rises 592 points to close at 81,973; Nifty gains 164 points

The domestic benchmark indices today ended with gains of more than half a per cent. The BSE Sensex climbed 592 points to close at 81,973 and the NSE Nifty ended with an uptick of 164 points to settle at 25,128.   The broader market at Bombay Stock Exchange also ended in positive territory. The ...

October 14, 2024 7:15 PM October 14, 2024 7:15 PM

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Rupee closes at 84.06 against US dollar in forex market

In the Forex market, the rupee today ended at 84 rupees and six paise against the US dollar.   The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading at 103.12 in intra-day trade.

October 13, 2024 6:17 PM October 13, 2024 6:17 PM

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Market Consolidates Amid Valuation Concerns, Subdued Q2FY25 Earnings Outlook

The market entered the phase of consolidation, falling moderately in the week ended October 11 amid valuation concerns, the subdued outlook for Q2FY25 earnings, BJP's win in Haryana polls and consistent FII selling.           This was after the severe correction of 4.5 percent seen in the previous w...

October 13, 2024 2:02 PM October 13, 2024 2:02 PM

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PM Narendra Modi hails completion of 3 years of PM GatiShakti National Master Plan

Prime Minister Narendra Modi has lauded the completion of three years of the PM GatiShakti National Master Plan, stating that the initiative has emerged as a transformative in revolutionising India’s infrastructure. In a social media post, Mr Modi said that GatiShakti has significantly enhanced mult...

October 12, 2024 5:56 PM October 12, 2024 5:56 PM

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S&P 500, Dow hit record highs

On Wall Street, the S&P 500 and the Dow ended at record highs yesterday, with big boosts from financial stocks after banks reported strong quarterly results, while the latest inflation data fueled expectations for a US Federal Reserve rate cut in November.   Major financial companies kicked...

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