Business

October 7, 2024 6:32 PM

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Oil prices surge amid escalating conflict in West Asia

Oil prices extended gains today, fueled by concerns over potential disruption to exports from the major oil-producing region amid escalating conflict in West Asia.   In the global crude market, Brent crude was trading more than one and a half per cent up at 79 dollars and 44 cents per barrel and the...

October 5, 2024 9:02 AM

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India becomes fourth nation to cross 700 billion dollar in forex reserves

India has become the fourth economy in the world to surpass 700 billion US dollars in foreign reserves, joining China, Japan, and Switzerland. India's foreign exchange reserves surged by 12.588 billion dollars to touch a new all-time high of 704.885 billion dollars for the week ending September 27. ...

October 4, 2024 6:45 PM

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Rupee ends marginally low against US dollar

In the Forex market today, the Indian rupee ended marginally lower at 83 rupees 97 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading at 101.85 in intra-day trade.

October 4, 2024 6:40 PM

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Market ends low today for fifth consecutive session

Domestic benchmark indices, Sensex and Nifty ended lower today, extending losses for the fifth consecutive session amid weak global cues. The markets logged their biggest weekly drop since June 2022. At close, the Sensex slumped 808 points, or 0.9 percent to close at 81,688, while the Nifty declined...

October 3, 2024 1:44 PM

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Sensex Falls 1,500 Points Amid West Asia Tensions and Rising Oil Prices

Domestic benchmark equity indices, Sensex and Nifty, continued their downward slide in today's intra-day trade due to mounting concerns over the escalating conflict in West Asia.   In intra-day trade, BSE 30-share Sensex plunged over 1500 points and NSE Nifty slided below the 25,400 level. Sens...

October 3, 2024 11:17 AM

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Indian Equity Markets Reach Record $49.2 Billion in First Nine Months

The Indian equity capital markets hit a record high and raised 49.2 billion dollars in the first nine months of this year, the January to September period. A massive 115 percent growth was reported compared to a year ago. It surpassed the annual record set in 2020 by proceeds.   According to a ...

October 3, 2024 1:41 PM

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Sensex Falls 1,515 Points Amid Global Weakness and West Asia Conflict

Domestic benchmark indices Sensex and Nifty are trading sharply lower amid weak global clues and escalating conflict in West Asia.   The BSE Sensex plunged 1,515 points to 82,751, and Nifty-50 was trading 472 points down at 25,324. Both the indices lost over 1.8 percent each when the reports la...

October 2, 2024 6:20 PM

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Asian Markets End Mixed

Key Asian indices ended mixed today amid a sell-off in US markets after Iran’s ballistic missile strike on Israel provoked fears of a wider regional conflict. Japan's Nikkei slumped 2.2 per cent and South Korea's Kospi declined 1.2 per cent. However, Hong Kong’s Hang Seng soared 6 per cent as Beijin...