Business

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

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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

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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

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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 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...

August 14, 2024 7:10 PM

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Indian Rupee closes at ₹83.94 against US Dollar

In the Forex market today, the Indian rupee closed at ₹83.94 against the US dollar. The dollar index, which measures the US dollar's strength against a basket of six other leading currencies, was up by 0.02 percent at 102.58 in intraday trade.

August 14, 2024 7:09 PM

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Oil prices rise slightly amid U.S. inventory drop and Israel-Gaza tensions

Oil prices rose slightly on Wednesday after an industry report showed U.S. crude and gasoline inventories fell and as the market watched for a possible widening of the Israel-Gaza war, which may impact global oil supplies. In the global crude market, Brent Crude was trading 0.43 percent higher at 81...

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