Business

March 15, 2024 5:53 PM March 15, 2024 5:53 PM

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Oil prices edge lower but on track to gain over three percent for the week

Oil prices edged lower on Friday (15th March 2024) but were on track to gain over three percent for the week, boosted by the International Energy Agency (IEA) raising its 2024 oil demand forecasts and an unexpected decline in U.S. stockpiles.     In intra-day trade, Brent crude was trading at 84 dol...

March 15, 2024 5:50 PM March 15, 2024 5:50 PM

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US share market ends lower on March 14

The US share market ended lower on Thursday (14th March 2024) as Treasury yields climbed following the release of hotter-than-expected U.S. producer price inflation data.   At closing bell, the Dow Jones Industrial Average index declined 0.35 percent and the S&P 500 index slipped 0.30 percent. T...

March 15, 2024 5:42 PM March 15, 2024 5:42 PM

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All key Asian stocks end lower except China’s Shanghai Composite 

All key Asian stocks ended lower on Friday (15th March 2024) except China's Shanghai Composite which ended half a percent higher. South Korea's Kospi plunged 1.95 percent, Hong Kong's Hang Seng Index declined 1.40 percent, Singapore's Straits Times index slipped 0.40 percent. Japan's Nikkei-225 also...

March 15, 2024 5:29 PM March 15, 2024 5:29 PM

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Gold up by Rs 210 to trade at Rs 65,805 per ten gram

Gold was trading higher on Friday (15th March 2024) at the Multi Commodity Exchange for April contracts. The precious metal was 210 rupees up to trade at 65,805 rupees per ten gram. While silver futures for May contracts were trading 466 rupees higher at 75,692 rupees per kilogram when reports last ...

March 15, 2024 4:46 PM March 15, 2024 4:46 PM

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Rupee ends at Rs 82.89 against US dollar

In the forex market, the Indian rupee on Friday (15th March 2024) ended at 82 rupees and 89 paise against the US dollar.   The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was down at 103.33 in intra-day trade.

March 14, 2024 6:50 PM March 14, 2024 6:50 PM

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Crude Oil Futures Climb on IEA Demand Growth Revision

Crude oil futures rose today, as investors digested the International Energy Agency's (IEA) latest oil market report, in which it made a top revision for demand growth forecasts and cut its projection for non-OPEC supply in 2024. In intra-day trade, Brent crude was trading at 84 dollars and 67 cents...

March 14, 2024 6:10 PM March 14, 2024 6:10 PM

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Gold Trades Lower at MCX, Silver Futures Up; Global Markets Reflect Similar Trends

Gold was trading lower today at the Multi Commodity Exchange for April contracts. The precious metal was 133 rupees down to trade at 65,764 rupees per ten gram. While silver futures for May contracts were trading 395 rupees up at 75,565 rupees per kilogram when reports last came in. In the global ma...

March 14, 2024 5:31 PM March 14, 2024 5:31 PM

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S&P 500, Nasdaq Slip as Chipmaker Stocks See Profit Booking

The S&P 500 and Nasdaq ended lower yesterday as investors booked profits in chipmaker stocks, while they braced for producer price data and further clues on the inflation trend ahead of next week's Federal Reserve meeting.   Nasdaq Composite closed half of percent lower and S&P 500 fell...

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