Business

January 28, 2025 5:58 PM January 28, 2025 5:58 PM

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US Stocks Mixed as Nasdaq Drops Over 3%, Dow Jones Gains

US stocks displayed a mixed trend yesterday. The tech-heavy Nasdaq Composite plunged over three percent, and the S&P 500 declined over 1.4 percent after a low-cost Chinese artificial intelligence model triggered a steep sell-off in US semiconductor companies, casting doubt on the dominance of US...

January 28, 2025 5:56 PM January 28, 2025 5:56 PM

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Rupee Falls by 19 Paise, Settles at 86.53 Against US Dollar

In the Forex market, the rupee today depreciated by 19 paise to settle at 86 rupees and 53 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading at 107.91 in intra-day trade.

January 28, 2025 1:47 PM January 28, 2025 1:47 PM

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Sensex soars 869 points, Nifty up by 221 points

Benchmark domestic equity indices, Sensex and Nifty, were trading higher in the afternoon trade today, boosted by Realty, Banking, Financial Services and Auto sectors. The 30-share BSE Sensex surged 869 points, or 1.15 per cent, to 76,235, and the NSE Nifty50 gained 221 points, almost one per cent, ...

January 28, 2025 2:06 PM January 28, 2025 2:06 PM

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RBI publishes Payment System Report for Dec 2024

The Reserve Bank of India has published the Payment System Report, December 2024. The report analyses the trends in payment transactions carried out using various payment systems in India during the last five calendar years up to CY-2024. It also covers important developments in the payment ecosyste...

January 27, 2025 6:32 PM January 27, 2025 6:32 PM

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RBI to inject liquidity into banking system

On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct certain operations to inject liquidity into the banking system. As per the bank's press release, the RBI will hold OMO purchase auctions of Government of India securities for an aggregate amount of 60,...

January 27, 2025 6:01 PM January 27, 2025 6:01 PM

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Rupee depreciates by 14 paise to settle at 86.34 against US dollar

In the Forex market, the rupee today depreciated by 14 paise to settle at 86 rupees and 34 paise against the US dollar due to strong dollar demand and downtrend in domestic equities. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading a...

January 27, 2025 2:01 PM January 27, 2025 2:01 PM

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Sensex drops 760 points, Nifty dips 234 points

Benchmark domestic equity indices, Sensex and Nifty, were trading around one per cent down due to heavy selling pressure in the afternoon trade today, amid weak global cues, and ongoing foreign outflows. The 30-share BSE Sensex tanked 760 points, to 75,430, and the NSE Nifty50 dipped 234 points, to ...

January 25, 2025 5:22 PM January 25, 2025 5:22 PM

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US stocks end with gains more than 1.6 percent

U.S. stocks edged back from their all-time high as they closed out a second straight winning week with gains of more than 1.6 per cent. The Federal Reserve's first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-friendly in...

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