Business

September 4, 2024 3:07 PM

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Oil prices extends plunge of 4%

Oil prices slipped today, extending a plunge of more than four percent the previous day and hovering at their lowest since December. Oil Prices are declining on expectations that a political dispute halting Libyan exports could be resolved and concerns over sluggish global demand.   Brent crude...

September 3, 2024 6:12 PM

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4 out of 5 Asian indices ends in negative territory

Four out of five major Asian indices today ended in negative territory. South Korea's Kospi declined 0.61 percent, China's Shanghai Composite Index slid 0.29 percent, Hong Kong's Hang Seng Index plunged 0.23 percent, and Japan's Nikkei was down by 0.04 percent. On the other side, Singapore's Straits...

September 3, 2024 6:09 PM

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Oil prices fall as China’s economy slowdown

Oil prices declined today as sluggish economic growth in China accelerated demand concerns.   In the global crude market, Brent crude was trading 2.22 percent down to trade at 75 dollars and eight cents per barrel. The U.S. West Texas Intermediate (WTI) was also trading 1.47 percent down at 72 ...

September 3, 2024 5:59 PM

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Indian rupee declines 5 paise, ends at 83 rupees and 96 paise

In the Forex market today, Indian rupee declined 5 paise to end at 83 rupees and 96 paise against the US dollar tracking a strong dollar performance against major currencies overseas and a sluggish trend in domestic equities.   The dollar index, which indicates US dollar's strength against a ba...

September 3, 2024 5:57 PM

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Sensex and Nifty ends flat in trading session

India's equity benchmark indices, Sensex and Nifty, ended flat in the range-bound trading session today. The sensex ended in negative territory while the Nifty closed marginally higher.   At the closing bell, the Sensex, which is a pack of 30 companies, was down four points, or 0.01 percent, at...

September 3, 2024 1:59 PM

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World Bank raises India’s GDP growth forecast to 7% for FY 2024-25

The World Bank has raised India's growth forecast for Financial Year 2024-25 to seven percent, up from an earlier projection of 6.6 per cent. The international financial institution stated that the country's economic growth will remain strong over medium term, driven by key factors such as private c...

September 2, 2024 8:01 PM

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Gold and Silver prices trades down

In the Indian Bullion Market, the 24 Karat Gold was trading 0.03 rupees down at 71,850 rupees for 10 Grams. Silver 999 Fine, was also trading 0.80 rupees down at 84,410 rupees per one kilogram, when the reports last came in.   At Multi Commodity Exchange, Gold and Silver prices were trading dow...

September 2, 2024 7:18 PM

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Oil prices continue to sink, extends loss from end of last week

Oil prices slipped today, extending losses from the end of last week on expectations of higher OPEC+ production from October and supply concerns.   In the global crude market, Brent crude was trading 0.06 percent down to trade at 76 dollars and 88 cents per barrel. The U.S. West Texas Intermedi...

September 2, 2024 7:56 PM

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Indian rupee lost 7 paise against U.S. dollar

In the Forex market today, Indian rupee lost 7 paise to end at 83 rupees and 92 paise against the U.S. dollar due to disappointing domestic macroeconomic data. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading at 101.72 in intra-day t...

September 2, 2024 6:51 PM

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Domestic Stock Indices hit record high

Domestic Stock Indices hit their record highs despite the noon trade being lacklustre. At the closing bell, the BSE Sensex gained 194 points, or 0.24 percent, to close at 82,560. The NSE Nifty rose 43 points, or 0.17 percent, to close at 25,279. In NSE, 183 Companies hit their 52 week high, 22 hit t...