The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high last week, as investors paused to assess the interest rate path outlook for the United States. The New Zealand dollar slumped to its lowest since Aug. 19 at $0.6096, after the … Read more
Chinese shares fell on Wednesday and commodities nursed sharp losses as investors tempered enthusiasm for a Chinese economic recovery, while broader markets steadied on expectations that the U.S. economy can avoid recession and support global demand. The New Zealand dollar fell 0.6% after the central bank cut interest rates by 50 basis points and sounded … Read more
Indian shares are set to open higher on Wednesday ahead of the Reserve Bank of India's policy meeting, at which the central bank is expected to stand pat on interest rates. The Gift Nifty was trading at 25,134, as of 7:45 a.m. IST, indicating that the benchmark Nifty 50 will open above its close of … Read more
As the Reserve Bank of India (RBI) gears up to announce the decision of its Monetary Policy Committee (MPC) meeting on October 9, industry experts on Tuesday said the Central Bank is likely to maintain a status quo on policy interest rates and if food inflation further moderates, a shallow rate cut of 50 bps … Read more
The FIIs as per Tuesday's data were net sellers in both equity and debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 14936.79 crore against gross selling of Rs 23063.49 crore. Thus, FIIs stood as net sellers of Rs 8126.70 crore in equities. In the debt … Read more
Indian shares ended higher on Tuesday, as investors bought the dip following a six-session losing run, while better-than-expected results for the ruling party in a state assembly election also supported sentiment. Investors now await the Reserve Bank on India's policy decision on Wednesday, where the central bank is widely expected to hold rates while some … Read more
LTIMindtree is currently trading at Rs. 6369.60, up by 116.50 points or 1.86% from its previous closing of Rs. 6253.10 on the BSE. The scrip opened at Rs. 6260.05 and has touched a high and low of Rs. 6387.75 and Rs. 6187.40 respectively. So far 6532 shares were traded on the counter. The BSE group … Read more
Warehouse developer IndoSpace said on Tuesday it will increase investment in the southern state of Tamil Nadu by 41% over the next three years, to meet increasing demand for industrial parks as more companies set up bases in India. Warehouse developers are facing a mad demand rush as companies bet on the country's economic boom … Read more
The Indian central bank's informal instructions to lenders to refrain from betting heavily against the rupee have led some traders to reduce the size of speculative positions and tweak their approach to trading the currency. The Reserve Bank of India's (RBI) instructions to banks on Monday came as the rupee was close to breaching its … Read more
Emphasizing India’s significant progress in green shipping and energy transition, Union Minister of New and Renewable Energy, Pralhad Joshi has said ‘India stands as a global voice of reason in its commitment to the pursuit of a sustainable energy future that aligns with our growth ambitions and environmental responsibilities'. The Minister also highlighted India’s energy … Read more