Axis Bank is currently trading at Rs. 1160.00, up by 14.60 points or 1.27% from its previous closing of Rs. 1145.40 on the BSE. The scrip opened at Rs. 1147.15 and has touched a high and low of Rs. 1160.00 and Rs. 1143.00 respectively. So far 2801 shares were traded on the counter. The BSE … Read more
Gold prices edged lower on Tuesday, pressured by a stronger dollar, while market participants awaited minutes of the Federal Reserve's last meeting and economic data for further cues on U.S. interest rate path. Spot gold was down 0.2% to $2,639.45 per ounce, as of 0303 GMT. U.S. gold futures lost 0.3% to $2,658.70. The dollar … Read more
India saw an impressive 86 per cent increase in power generation via renewable energy since 2014, from 193.5 billion units (BU) to 360 BU, Union Minister of New and Renewable Energy, Pralhad Joshi, said on Monday. Delivering the keynote address at the 'Hamburg Sustainability Conference' in Germany, the minister said India stands as a … Read more
The Indian rupee is expected to hold near all-time lows on Tuesday amid the 10-year U.S. Treasury yields hitting the highest in two months and relentless equity outflows. The Reserve Bank of India, however, is expected to not let the rupee slip past the psychologically important 84 handle. The 1-month non-deliverable forward indicated that the … Read more
India's fuel demand fell 1.6% in Sept compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 17.92 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Sales of gasoline, or petrol, were 3.0% higher from a year earlier at 3.15 … Read more
Oil prices edged lower in early Asian trading hours on Tuesday as traders booked profits after prices rallied to their highest in over a month on Monday amid fears that the Middle East could be on the brink of a region-wide war. Fighting in the Middle East intensified after Iran-backed Hezbollah fired rockets at Israel's … Read more
The dollar clung to seven-week highs against major currencies on Tuesday as investors ponder the outlook for U.S. rates after a strong jobs report last week dashed bets for large rate cuts, while escalating tensions in Middle East dented risk sentiment. Traders have drastically shifted their monetary easing expectations from the Federal Reserve this year. … Read more
Mainland Chinese stocks returned from an extended break with a roaring start on Tuesday, scaling multi-year highs as investor exuberance over Beijing's aggressive stimulus measures showed no signs of easing. The optimism though failed to spill over into other share markets in Asia, particularly Hong Kong, which reversed some of the rally it enjoyed while … Read more
Indian shares are set to open flat on Tuesday, as caution prevails amid a wider Middle East conflict, while investors may remain on the sidelines ahead of local quarterly earnings and a rate decision by the Reserve Bank of India. The GIFT Nifty was trading at 25,864 points, as of 8:00 a.m. IST, indicating that … Read more
Driven by robust rural demand, Indian e-commerce market is expected to reach $325 billion in 2030, with a strong 21 per cent compound annual growth rate (CAGR), a report said on Monday. The retail sector, which is valued at $753 billion in FY23, is projected to post a 9.1 per cent CAGR until FY27, the … Read more