Business

August 16, 2024 8:11 PM August 16, 2024 8:11 PM

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Sensex, Nifty traded firm and ended week’s last session

Domestic Benchmark Indices, Sensex and Nifty traded firm and ended the week's last session more than one and half a percent up today. At the closing bell, the BSE Sensex zoomed 1,331 points, or 1.68 percent, to close at 80,437. The NSE Nifty advanced 397 points, or 1.65 percent, to close at 24,541. ...

August 16, 2024 7:57 PM August 16, 2024 7:57 PM

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Sensex and Nifty ended the week’s last trading session

India's equity benchmark indices, Sensex and Nifty, ended the week's last trading session with gains of over one and a half percent each today. The BSE Sensex soared 1,330 points, or 1.68 percent, to close at 80,437. The NSE Nifty gained 397 points, or 1.65 percent, to close at 24,541. In the global...

August 15, 2024 7:35 PM August 15, 2024 7:35 PM

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US Markets Close Higher on Rate Cut Hopes

US markets closed higher as the latest inflation data reassured investors that the Federal Reserve would start cutting US interest rates next month. The Dow Jones Industrial Average gained 243 points or 0.6% to 40,008.       The Nasdaq Composite gained 5 points to close at 17,193. The S&P 5...

August 15, 2024 7:35 PM August 15, 2024 7:35 PM

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Global Crude Oil Prices Rise Amid US Rate Cut Optimism

Global crude oil prices ticked today as optimism built that potential US interest rate cuts will boost economic activity and fuel consumption, but concerns over slower global demand curbed gains.   Brent crude oil prices were up 51 cents, or 0.6%, at 80.27 dollars a barrel. US crude also gained...

August 15, 2024 7:14 PM August 15, 2024 7:14 PM

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Domestic Bullion Markets Closed; Global Gold Prices Rise, Silver Gains 2%

Domestic bullion markets were closed today. However, global gold prices rose today, a day after US inflation data suggested the Federal Reserve might reduce interest rates next month. Gold gained 0.5% to 2,460.38 dollars per ounce, just $23 shy of the record high of 2,483.6 dollars reached last mont...

August 15, 2024 5:50 PM August 15, 2024 5:50 PM

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Markets Closed for Public Holiday  

Domestic markets were closed today on account of a public holiday. The markets will resume trading on Friday, August 16. Meanwhile, the markets ended marginally higher in the volatile session yesterday. The Sensex gained 149 points or 0.19 per cent to close at 79,105 yesterday. And the Nifty ended u...

August 14, 2024 8:12 PM August 14, 2024 8:12 PM

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India’s Merchandise Imports Rise to $57.48 Billion in July; Services Exports Up 8%

India's merchandise imports rose 7.4 percent year-on-year to 57.48 billion dollars in July this year as compared to 53.49 billion dollars in July last year. The services front, the export of services are estimated to be at 28.4 billion dollars in July this year up over 8 per cent year-year-year basi...

August 14, 2024 7:25 PM August 14, 2024 7:25 PM

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Mixed Trends Across Major Asian Indices; European Markets Continue Upward Momentum

The five major Asian indices experienced a mixed trend today. South Korea's Kospi increased 0.8 percent, Singapore's Straits Times index added 0.7 percent, and Japan's Nikkei gained 0.5 percent.   Conversely, Hong Kong's Hang Seng Index was down 0.35 percent, and China's Shanghai Composite Inde...

August 14, 2024 7:10 PM August 14, 2024 7:10 PM

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U.S. Indexes hit near two-week high

U.S. indexes closed up on Tuesday and hit a near two-week high after softer producer prices data reinforced bets of an interest-rate cut by the Federal Reserve in September. Major US markets were trading in green. The Dow Jones Industrial Average finished up 1.04 percent, the broad-based S&P 500...