Business

May 7, 2026 6:20 PM

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Asian markets edge up amid strong earnings and declining oil costs

Major Asian stock market indices edged higher today, tracking overnight gains on Wall Street after a drop in oil prices and strong corporate earnings boosted investor sentiment. Japan’s Nikkei 225 surged nearly 5.6% to close at a record high of 62,834 after briefly crossing the 63,000 mark during in...

May 7, 2026 6:16 PM

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Forex update: Indian rupee gains 36 paise against US dollar

In the forex market today, the rupee appreciated by 36 paise to close at 94 rupees and 24 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was trading at 97.89 in intraday trade.                                 ...

May 6, 2026 9:29 PM

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Oil prices decline

  Global crude oil prices extended declines today amid hopes that United States and Iran were nearing an initial peace deal. Brent crude was trading around 6.3 per cent down at 102 US dollars and 99 cents per barrel, while West Texas Intermediate crude was also trading over 7.4 per cent lower at 94 ...

May 6, 2026 7:54 PM

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Rupee appreciates by 68 paise against US dollar

  In the forex market today, the rupee appreciated by 68 paise to close at 94 rupees and 61 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, was trading at 97.73 in intra-day trade.    

May 6, 2026 7:51 PM

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Gold, Silver prices up

  In the Indian bullion market, 24 Carat Gold was trading around 1.6 per cent up at 1 lakh 52 thousand 700 rupees per 10 grams, while Silver was trading 3.3 per cent higher at 2 lakh 52 thousand 800 rupees per kilogram, a short while ago.  At the Multi Commodity Exchange, gold for June contract was ...

May 6, 2026 6:15 PM

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India’s manufacturing sector continued its growth in Q4 of FY 2025-26

  India’s manufacturing sector continues to show positive growth in the fourth quarter of 2025-26 despite rising input costs. According to the latest Manufacturing Survey by the Federation of Indian Chambers of Commerce and Industry (FICCI), around 93 per cent of respondents reported higher or the s...

May 6, 2026 6:26 PM

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Major Asian & European markets trade on a higher note

Major Asian stock market indices edged higher today, tracking Wall Street gains overnight after oil prices dropped and strong earnings lifted investor sentiment. South Korea’s Kospi index surged more than 6.4 per cent to hit another closing high of 7 thousand 385. Hong Kong’s Hang Seng Index gained ...

May 6, 2026 5:54 PM

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SEBI sets up dedicated task force to tackle AI-driven cyber threats

The Securities and Exchange Board of India (SEBI) has constituted a dedicated task force, cyber-suraksha.ai, to examine emerging cybersecurity risks arising from rapid advancements in artificial intelligence (AI), particularly AI-driven vulnerability identification tools such as Claude Mythos. SEBI ...

May 6, 2026 5:34 PM

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Domestic markets end in green amid hopes of de-escalation of West Asia conflict 

  Benchmark domestic equity indices surged over one per cent today amid hopes of de-escalation in West Asia. The Sensex climbed 941 points to close at 77 thousand and 959, while the Nifty rose 298 points to settle at 24 thousand and 331. However, the broader market on the National Stock Exchange out...

May 6, 2026 1:45 PM

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Moody’s calls India better placed to weather future global shocks

India is among the most resilient large emerging market economies over the past five years, according to Moody’s Ratings.   In its recent report, the agency said that India is better placed than most of its peers to absorb future global shocks, supported by strong foreign exchange reserves, a stable...

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