Business

May 3, 2024 9:08 PM May 3, 2024 9:08 PM

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Sitharaman Refutes Reports of Post-Election Tax Overhaul, Labels Them Speculative

Finance Minister Nirmala Sitharaman has refuted claims made by a news report that the Income Tax department is planning several changes after the Lok Sabha elections. In a social media post, Ms Sitharaman termed the report as pure speculation and said it was not even double-checked with the Finance ...

May 3, 2024 6:07 PM May 3, 2024 6:07 PM

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Nifty tanks 172 pts; Sensex settles below 74,000

Equity benchmark indices ended lower today amid a broad-based selloff with Sensex settling below the 74,000 level and Nifty retreating from a record high as investors pared exposure to telecom, capital goods and tech stocks.   The 30-share BSE Sensex plunged 733 points or 0.98 per cent to settle at ...

May 2, 2024 6:19 PM May 2, 2024 6:19 PM

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BSE Sensex Gains 128 Points & Nifty also Rises 43 Points

Benchmark indices rebounded and ended higher in the volatile session today with Nifty around 22,650 as record GST collections in April, positive manufacturing data, and foreign fund inflows boosted investor sentiment. The 30-share BSE Sensex rose 128 points or 0.17 per cent to close at 74,611 points...

May 2, 2024 6:16 PM May 2, 2024 6:16 PM

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Gold Prices Dip in Futures Market, Silver Also Records Decline

Gold prices declined today in the futures market. The precious metal was lower by 40 rupees, or 0.06 per cent, trading at 70,685 rupees per ten grams. Silver futures for July contracts were down by 429 rupees, or 0.53 per cent, trading at 80,798 rupees per kilogram, when the reports last came in. In...

May 2, 2024 5:03 PM May 2, 2024 5:03 PM

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Hong Kong & Singapore Stocks Rise; South Korea, Japan Dip in Mixed Asian Trading

Key Asian stocks ended mixed today. Hong Kong's Hang Seng Index rose 2.44 percent and Singapore's Straits Times index jumped 0.13 percent. On the other hand, South Korea's Kospi declined 0.30 percent and Japan's Nikkei-225 fell 0.10 percent. Whereas China's Shanghai Composite index was closed on acc...

May 2, 2024 5:01 PM May 2, 2024 5:01 PM

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Forex Market: Rupee closes at Rs 83.47 against US dollar today

In the forex market, the rupee closed at 83 rupees and 47 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 105.78 in intra-day trade.

May 1, 2024 10:00 PM May 1, 2024 10:00 PM

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Nikkei 225 Index Declines 0.34% on Manufacturing PMI Data

Japan's Nikkei 225 ended lower today with most of the markets in the Asian and European regions closed for a holiday. Tokyo's Nikkei 225 index lost 0.34 per cent to close at 38,274 after the release of the country's manufacturing PMI data. London's FTSE was trading 0.21 per cent up when the reports ...

May 1, 2024 9:35 PM May 1, 2024 9:35 PM

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Gold Futures Rise in Indian Market; Silver Futures Also Up

Gold prices rose today in the futures market. The precious metal was up by 71 rupees, or 0.10 per cent, trading at 70,486 rupees per ten grams. Silver futures for July contracts were higher by 218 rupees, or 0.27 per cent, trading at 81,069 rupees per kilogram, when the reports last came in.   In th...