Oil prices rose in early Asian trade on Thursday, paring sharp losses over the past two sessions, after industry data showed an unexpected drop in U.S. crude stockpiles last week. Brent crude futures rose 45 cents, or 0.6%, to $74.67 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude futures were at $70.84 … Read more
Asian shares steadied on Thursday ahead of a housing policy briefing in China that has raised expectations of support for the ailing property sector, while the dollar stood near 2-1/2 month highs on the prospect of a Donald Trump presidency. Global bonds rallied after a surprisingly large drop in British inflation and as the European … Read more
The Indian rupee is likely to decline on Thursday, weighed down by the U.S. dollar's rally to a two-and-a-half-month high on mounting expectations that the Federal Reserve will opt for a smaller interest rate cut at its next monetary policy meeting. The 1-month non-deliverable forward indicated that the rupee will open at 84.01-84.03 to the … Read more
Gold rose on Thursday to hover below record levels, underpinned by uncertainty surrounding the U.S. elections and expectations of more rate cuts by major central banks, while investors looked forward to a slew of U.S. data for further direction. Spot gold rose 0.3% to $2,682.14 per ounce by 0221 GMT. Prices had climbed to a … Read more
The Australian dollar charged higher on Thursday after employment numbers beat forecasts for a sixth month, while the dollar held near an 11-week high as it drew additional support from a potential Trump win at the upcoming U.S. election. The highlight of the Asia day was on a press conference in China which kicked off … Read more
Indian shares are likely to open marginally higher on Thursday, with investors awaiting a raft of blue-chip earnings for fresh triggers amid foreign fund outflows. The Gift Nifty was trading at 25,033, as of 07:44 a.m. IST, indicating that the benchmark Nifty 50 will open slightly above Wednesday's closing levels of 24,971.30. The Nifty 50 … Read more
India's Bajaj Auto posted a 21% rise in second-quarter adjusted profit on Wednesday, helped by higher domestic sales of its motorcycles. The 'Pulsar' motorcycle maker reported a standalone adjusted profit of 22.16 billion rupees ($263.8 million) in the quarter, compared with 18.36 billion rupees a year earlier. However, including a deferred tax liability of 2.11 … Read more
The FIIs as per Wednesday's data were net sellers in equity segments, while net buyers in debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 16631.38 crore against gross selling of Rs 18165.21 crore. Thus, FIIs stood as net sellers of Rs 1533.83 crore in equities. … Read more
Indian shares fell for a second straight session on Wednesday, as foreign funds shifted money to China and marquee companies' results disappointed investors. The Nifty 50 index closed down 0.34% to 24,971.3 points, while the S&P BSE Sensex fell 0.39% to 81,501.36. The Nifty 50 has declined about 5% from a record high hit in … Read more
Sterlite Technologies is currently trading at Rs. 123.90, up by 2.80 points or 2.31% from its previous closing of Rs. 121.10 on the BSE. The scrip opened at Rs. 120.00 and has touched a high and low of Rs. 128.45 and Rs. 120.00 respectively. So far 245023 shares were traded on the counter. The BSE … Read more