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May 10, 2024 5:30 PM

Oil Prices Rise on Increased Demand and Gaza Conflict Uncertainty

Oil prices surged today, poised for a weekly increase, driven by data from the US and China indicating heightened demand. Additionally, ongoing uncertainty surrounding the Gaza conflict lent support to prices. The Brent Crude Oil futures was up by 0.69 percent to trade at 84 dollar and 46 cents, ...

May 10, 2024 2:02 PM

BSE Sensex up by 152 points to trade at 72,556 points

Benchmark equity indices were trading higher in today's afternoon session, driven by strength in auto and energy sectors, following the positive performance of global counterparts.   BSE Sensex was up by 152 points or 0.21 percent to trade at 72,556 points. Broader NSE Nifty-50 was trading ...

May 9, 2024 8:18 PM

Gold Futures Rise in Indian Market; Silver Futures Also Gain

Gold prices gained today in the futures market. The precious metal for the June contracts was higher by 26 rupees or 0.04 percent, trading at 71,153 rupees per ten grams. Silver futures for July contracts were up by 605 rupees or 0.73 per cent, trading at 83,599 rupees per kilogram, when the reports...

May 9, 2024 7:46 PM

Dow Jones Closes Above 39,000 Points, Extends Winning Streak to Six Sessions

The Dow Jones Industrial Average ended higher yesterday, stretching its winning streak to six straight sessions and closing above 39,000 points for the first time in five weeks, as investors kept betting on supportive US monetary policy.   The Dow Jones Industrial Average rose 0.44 per cent. On t...

May 9, 2024 7:45 PM

Oil Prices Rise on Decreasing US Inventories and Increased Demand Indicators

Oil prices increased today due to declining US crude inventories, coupled with an uptick in refinery intake and heightened Chinese imports last month. These factors bolstered demand projections for the world's top two crude-consuming nations.   The Brent Crude Oil futures was up by 0.89 per cent ...

May 9, 2024 7:44 PM

Asian and European Stock Markets Show Mixed Performance Today

Key Asian stocks ended mixed today. Hong Kong's Hang Seng Index gained 1.21 per cent, China's Shanghai Composite jumped by 0.82 per cent and Singapore's Straits Times Index rose 0.04 per cent.   South Korea's Kospi slipped 1.20 per cent and Japan's Nikkei-225 declined 0.34 per cent.   Major Eu...

May 10, 2024 8:53 PM

Rupee Ends at 83.51 Against US Dollar; Dollar Index Up to 105.63

In the forex market, the rupee closed at 83 rupees and 51 paise against the US dollar today.   The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies was up at 105.63 in intra-day trade....

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