The safe-haven yen hit its highest since the start of the year against the dollar on Wednesday as U.S. presidential contenders Kamala Harris and Donald Trump kicked off their first debate, with candidates neck-and-neck ahead of the November poll. Traders were also waiting nervously for a key inflation report that could provide clues on how … Read more
Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand. Brent crude futures climbed 39 cents, or 0.6%, to $69.58 a barrel by 0031 GMT while U.S. crude futures were at $66.19 a barrel, up 44 cents, or 0.7%. Both benchmarks fell nearly $3 on Tuesday, … Read more
Indian shares are likely to open flat on Wednesday, in sync with other Asian peers, ahead of key U.S. inflation data that could influence the quantum of the Federal Reserve's expected rate cut this month. The GIFT Nifty was at 25,091.5 points, as of 08:12 a.m. IST, indicating the NSE Nifty 50 will open near … Read more
The FIIs as per Tuesday's data were net buyers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 15086.81 crore against gross selling of Rs 13952.44 crore. Thus, FIIs stood as net buyers of Rs 1134.37 crore in equities. In the debt … Read more
The net assets under management (AUM) of the Indian mutual fund industry surged to cross Rs 65 lakh crore mark for the first time in August, data from the Association of Mutual Funds of India (AMFI) showed on Tuesday. Equity funds saw Rs 38,239 crore inflows in August, a 3.03 per cent growth from Rs … Read more
Indian equity indices closed in the green on Tuesday due to a rally in the IT stocks. At closing, Sensex was up 361 points or 0.44 per cent at 81,921 and Nifty was up 104 points or 0.42 per cent at 25,041. Buying was also seen in the midcap and large-cap stocks. Nifty midcap 100 … Read more
Exports by the Indian agrochemical industry have witnessed commendable growth in recent times and are likely to cross Rs 80,000 crore in the next four years, according to a new report. The ‘Make in India’ initiative provides a timely framework to transform challenges into opportunities, enabling India to become a global manufacturing and export hub … Read more
The employment outlook in India is the strongest worldwide for the October-December period (Q4 2024), showing significant improvement of 7 per cent compared to the ongoing July-September quarter (Q3), a report showed on Tuesday. Employers across all sectors report net positive hiring intentions for the festive quarter, with financial and real estate industry having the … Read more
The domestic automotive industry has crossed Rs 20 lakh crore mark in FY24 and has the potential to be worth $1.6 trillion (about Rs 134 lakh crore) by 2047, driven by electric vehicles (EVs), according to industry leaders. The automotive industry in the country is poised to be one of the key growth engines in … Read more
Indian rupee weakened against the US dollar on Tuesday driven by firm American currency and a surge in US treasury yields ahead of US inflation numbers this week, while foreign fund outflows has also dented rupee sentiment. Foreign Institutional Investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs … Read more