Gold prices climbed to a one-week high on Tuesday, buoyed by a softer U.S. dollar, while the market awaited comments from Federal Reserve officials for cues on the U.S. interest rate outlook. Spot gold rose 0.4% to $2,623.54 per ounce by 0246 GMT, the highest since Nov. 12. Prices rose 2% on Monday. U.S. gold … Read more
The Indian rupee is likely to open steady on Tuesday and may look to make mild gains through the session as the dollar's post-U.S. election surge shows signs of cooling after touching a one-year high last week. The 1-month non-deliverable forward indicated that the rupee will open at 84.38-84.39 to the U.S. dollar, little changed … Read more
Asian stocks rose on Tuesday while U.S. bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump's cabinet selection and sought to gauge the outlook for Federal Reserve easing. Tech shares advanced, tracking Wall Street's recovery from last week's steep losses although Nvidia's upcoming earnings on Wednesday limited the … Read more
Indian shares are expected to open higher on Tuesday, with analysts anticipating a rebound after the Nifty 50 posted its longest losing streak since February 2023. The Gift Nifty futures were trading at 23,582, as of 07:55 a.m. IST, indicating that the benchmark Nifty 50 will open above Monday's close of 23,453.8. India's benchmark BSE … Read more
As India's electronics industry witnesses unprecedented growth, it is set to create 12 million (1.2 crore) jobs at a compound annual growth rate (CAGR) of 25-30 per cent, according to a report on Monday. The projections indicate the creation of 12 million jobs, encompassing 3 million direct and 9 million indirect roles, according to … Read more
There has been an increase in the Labour Force Participation Rate (LFPR) in India’s urban areas among persons of age 15 years and above from 49.3 per cent during the July–September 2023 period to 50.4 per cent in the July–September 2024 period, indicating an increasing in employment, data released by the Ministry of Statistics on … Read more
India's economic growth requires "far more affordable" bank interest rates, the finance minister said on Monday, adding New Delhi was committed to measures to ensure the economy remained on course. "At a time when we want industries to ramp up and build capacities, bank interest rates will have to be far more affordable," the minister, … Read more
The FIIs as per Monday'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 13809.15 crore against gross selling of Rs 15302.15 crore. Thus, FIIs stood as net sellers of Rs 1493.00 crore in equities. In the debt … Read more
India's benchmark Sensex slipped into correction territory on Monday, on persistent concerns over foreign outflows and lacklustre corporate earnings, while information technology and energy stocks led the losses. The 30-share BSE Sensex followed the 50-stock Nifty and the small- and mid-cap indexes, which had slipped into correction on Nov. 13. On the day, the Sensex … Read more
India's core group exports surged 27.7 per cent in October with growth being particularly strong in categories such as engineering goods, electronic goods, chemicals, textiles, marine products and rice, according to a CRISIL report released on Monday. Growth improved for key core sectors such as engineering goods (39.4 per cent vs 10.6 per cent), … Read more