Business

September 17, 2024 7:20 PM

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Two out of three US stocks edged higher

Two out of three US stocks edged higher yesterday ahead of the crucial Federal Reserve policy decision this week.   Dow Jones Industrial Average advanced more than half percent and S&P 500 increased over 0.1 percent. Meanwhile, the Nasdaq Composite fell more than half a per cent.

September 17, 2024 6:36 PM

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Brent at $72.84, WTI at $70.27

Crude oil prices traded higher today driven by ongoing disruptions to the US oil infrastructure.   In the global crude market, Brent crude was trading 0.1 per cent up to trade at 72 dollars and 84 cents per barrel and the U.S. West Texas Intermediate (WTI) was trading 0.2 per cent up at 70 dollars a...

September 17, 2024 5:31 PM

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2 out of 5 major indices ended higher

The Asian stocks displayed a mixed trend as two out of five major indices ended higher. Hong Kong's Hang Seng advanced more than one per cent and Singapore's Straits Times Index rose more than half per cent. Meanwhile, Japan's Nikkei slipped more than one per cent. Markets in China and South Korea w...

September 17, 2024 5:29 PM

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Indian Rupee Gains 13 Paise to 83.75 per US Dollar

In the Forex market today, the Indian rupee appreciated 13 paise at 83 rupees 75 paise against the US dollar supported by heightened expectations of a 50 basis points rate cut in the US Federal Reserve meeting scheduled this week.   The dollar index, which indicates the US dollar's strength aga...

September 17, 2024 5:14 PM

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Sensex & Nifty Trade Higher

India's equity benchmark indices, Sensex and Nifty ended in positive territory with a gain of over 0.1 per cent each.   At close, the Sensex gained 90 points at 83,079 and the NSE Nifty was up 34 points at 25,418.   In the NSE, 148 companies hit their 52-week high, and 28 hit their 52-week...

September 16, 2024 6:19 PM

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Oil Prices Rise Amid US Rate Cut Expectations

Oil prices rose in Asian trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by persistent demand worries and weaker China data. Still, nearly a fifth of crude oil production and 28% of natural gas output in the Gulf of Mexico remain offline in the hurri...

September 16, 2024 5:21 PM

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Major Asian indices trades in positive territory

Major Asian indices traded in the positive territory today. Singapore's Straits Times Index advanced 0.22 percent and  Hong Kong's Hang Seng gained 0.33 percent.   Major European Indices were traded mixed. Germany’s DAX plunged 0.24 per cent and London’s FTSE was down by 0.05 per cent whereas F...

September 16, 2024 5:18 PM

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Sensex Up 0.12% & NSE Nifty Gains 0.11%

India's equity benchmark indices rallied to record highs with the BSE midcap index ending on a flat note, while the small-cap index was up by 0.3 per cent.   At the closing bell, the Sensex, which is a pack of 30 companies, surged 98 points or 0.12 Percent, at 82,988 and the NSE Nifty was up 27...

September 16, 2024 4:37 PM

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Indian Rupee Steady at 83.89 Against US Dollar

In the Forex market today, Indian rupee was unchanged at 83 rupees 89 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 100.72 in intra-day trade.

September 16, 2024 1:40 PM

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Benchmark equity indices hit fresh all-time highs in early trade

Benchmark Indian equity indices hit fresh all-time highs in today's early trade as investors anticipated a rate cut by the US Federal Reserve, which further fuelled positive market sentiment. The 30-share BSE Sensex rose 293 points to hit a new fresh peak of 83,184 points, while the NSE Nifty also j...