Business

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

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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

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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 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...

October 11, 2024 8:35 PM

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India’s industrial production contracts 0.1 per cent in August 2024

The Index of Industrial Production (IIP) in India witnessed a contraction of 0.1 percent in August which was 4.7 percent in the month of July, as per data released by the Ministry of Statistics and Programme Implementation on Friday. The estimates of IIP for August 2024 stood at 145.6 in comparison ...