The Indian rupee will be caught between a softer dollar on one side and outflows on the other on the last day of a week in which the local currency has held a 3 paisa range – its narrowest this year – and dropped to a lifetime low. The 1-month non-deliverable forward indicated that the … Read more
The dollar was on the defensive on Friday following its biggest drop in a month against major peers, as it tracked a retreat in U.S. yields from nearly three-month highs after depressed Treasury prices drew buyers. Asian stocks were mixed, with some markets tracking Wall Street gains from overnight, while Japan's Nikkei struggled after the … Read more
The yen languished near a three-month trough on Friday and was headed for a fourth straight weekly loss, ahead of an election in Japan over the weekend that is likely to complicate the Bank of Japan's (BOJ) policy normalisation plans. In the broader market, the dollar retreated from its recent highs as it tracked U.S. … Read more
Gold prices eased on Friday but was on track for a weekly gain, as investors sought the safe-haven metal amid rising geopolitical tensions, while palladium was poised for its strongest week in more than a month. Spot gold slipped 0.2% at $2,730.09 per ounce, as of 01:55 GMT. Prices hit a record high of $2,758.37 … Read more
Indian shares are likely to open slightly higher on Friday after a four-day slide on lacklustre earnings and persistent foreign outflows, while private lender IndusInd Bank and consumer major ITC will be in focus following disappointing quarterly results. The Gift Nifty was trading at 24,443, as of 07:37 a.m. IST, indicating that the benchmark Nifty … Read more
The Indian stock market closed flat on Thursday as selling was seen in the auto and IT sectors, with Hindustan Unilever Ltd being among the top losers, after it reported a 4 per cent drop in standalone net profit for Q2 at Rs 2,612 crore. The Sensex closed at 80,065.16 after falling 16.82 points … Read more
The FIIs as per Thursday'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 15,648.06 crore against gross selling of Rs 20,638.80 crore. Thus, FIIs stood as net sellers of Rs 4,990.74 crore in equities. In the debt … Read more
Amid the government’s push to develop world-class infrastructure, the real estate industry is also surging due to better connectivity options, festive incentives, and changing lifestyle choices, an economist said on Thursday. More and more Indians are opting for "lifestyle residences" and real estate remains the most preferred asset class for investment, especially premium properties. … Read more
Amid the ongoing geo-political tensions, unchanged retail fuel prices amid the volatile oil prices will support overall returns for the industry, according to a report on Thursday. Operating profit will be higher than the $9-11 per barrel on average over the 10 years through fiscal 2024. This will partly support the continued substantial capital expenditure … Read more
India's Adani Total Gas posted a bigger profit for the seventh straight quarter on Thursday, aided by higher sales of its compressed natural gas (CNG) amid the government's push for wider use of gas-based vehicles. The company, part of the ports-to-power Adani conglomerate, said its consolidated profit grew 7.5% to 1.87 billion rupees ($22.24 million) … Read more