Business

August 14, 2025 1:25 PM

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Nasdaq, S&P 500 hit new closing highs on rate cut hopes

US stocks extended their winning streak on Wednesday, with the Nasdaq and S&P 500 settling at record closing highs for the second straight session.   Even though technology shares remained a bit sluggish compared to the previous day, positive momentum prevailed due to rate cut hopes.   The Dow J...

August 13, 2025 6:42 PM

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Asian and European Markets Rally on Softer US Inflation Data

Major Asian stock markets climbed today, following softer US inflation data for the month of July. Hong Kong’s Hang Seng rose 2.29 per cent, Japan’s Nikkei 225 added 1.29 per cent, Singapore’s Straits Times increased 1.22 per cent, South Korea’s Kospi closed 1.07 per cent higher, and China’s Shangha...

August 13, 2025 5:29 PM

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Rupee Gains 27 Paise to Close at 87.44 Against US Dollar

In the Forex market, the rupee today appreciated by 27 paise to close at 87 rupees and 44 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 97.68 in intra-day trade.

August 13, 2025 4:32 PM

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Wall Street Hits Record Highs as Cooling Inflation Fuels Rate Cut Hopes

  Major US stocks closed with gains of more than one per cent on Tuesday, with both the S&P 500 and Nasdaq Composite settling at fresh record highs after lower-than-expected retail inflation data for the month of July boosted prospects of a Federal Reserve interest rate cut next month.     The b...

August 11, 2025 7:31 PM

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Rupee Ends Flat at 87.66 Against US Dollar; Dollar Index at 98.32

In the Forex market, the rupee today ended flat at 87 rupees and 66 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 98.32 in intra-day trade.

August 11, 2025 5:03 PM

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Mutual Fund Equity Inflows Soar to Record ₹42,702 Crore in July

Mutual fund equity inflows touched record high of 42,702 crore rupees in July this year, rising sharply from 23,587 crore in June, according to data from the Association of Mutual Funds in India (AMFI). The surge was led by new fund offerings (NFOs), which mobilised 30,416 crore rupees during the mo...

August 11, 2025 1:55 PM

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Sensex Advances 388 points, Nifty Adds 122 Points In Afternoon Trade

Benchmark domestic equity indices, Sensex and Nifty, were continuing their positive momentum in afternoon trade with both the indices rising around half per cent each. Barring Consumer Durables, all other sectors were trading firm. Sensex advanced 388 points, to 80 thousand 246 and Nifty added 122 p...

August 9, 2025 8:29 PM

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FPIs Withdraw ₹17,900 Crore from Indian Equitie Markets in August So Far

Foreign portfolio investors (FPIs) have turned net sellers in the Indian equity markets, pulling out over 17,900 crore rupees in August so far. However, they have invested 3,432 crore rupees into the Indian debt market through Debt-General Limit during the same period.      Reversing three months of...

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