In a new monthly record, domestic institutional investors (DIIs) infused more than Rs 1 lakh crore in Indian equities in October amid heavy selling by foreign institutional investors (FIIs), thus keeping the stock market healthy compared to its global peers. This sustained DII activity came as the cumulative foreign portfolio investor (FPI) selling in equity … Read more
Indian rupee was trading flat against the US dollar on Thursday pressured by firm American currency at overseas markets with caution ahead to the US presidential election due on November 5, and weak domestic equities following persistent foreign fund outflows also kept the rupee under pressure. Foreign institutional investors (FIIs) were net sellers in the … Read more
India's core industries saw a growth of 2 per cent in September compared to the same month last year, riding on the growth in the production of cement, refinery products, coal, fertilisers, and steel. The cumulative growth rate of the Index of Eight Core Industries (ICI) during the April-September period stood at 4.2 per cent … Read more
Gold prices climbed to a record high on Thursday and were headed for their best month in seven on safe-haven demand ahead of the U.S. presidential election, while investors awaited U.S. inflation report for clues on the interest rate path. Spot gold was steady at $2,786.89 per ounce, as of 0254 GMT, after hitting a … Read more
The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The Japanese currency has taken a beating this month as the dollar and U.S. Treasury yields have hovered around … Read more
The Indian rupee is expected to open little changed on Thursday, amid losses in Asian shares and U.S. equity futures and a pause in the dollar's upward momentum. The 1-month non-deliverable forward indicated that the rupee will open largely unchanged from 84.0775 per U.S. dollar in the previous session, when it hit an all-time low … Read more
Oil prices rose on Thursday, extending the previous day's rally, driven by optimism over U.S. fuel demand following an unexpected drop in crude and gasoline inventories, while reports that OPEC+ may delay a planned output increase offered support. Brent crude futures gained 35 cents, or 0.5%, to $72.90 a barrel by 0029 GMT. U.S. West … Read more
Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers and Facebook owner Meta Platforms warned of accelerating costs for artificial intelligence. More megacap tech earnings are due later in the day from Apple and Amazon. The yen hovered close to a three-month low against the dollar, weighed down by … Read more
Indian shares are set to open flat on Thursday, and post their biggest monthly declines since March 2020, as sustained foreign fund outflows and lacklustre corporate earnings weigh on market sentiment. The Gift Nifty futures were trading at 24,275, as of 07:50 a.m. IST, indicating that the benchmark Nifty 50 will open near Wednesday's close … Read more
Indian shares are set to open flat on Thursday, and post their biggest monthly declines since March 2020, as sustained foreign fund outflows and lacklustre corporate earnings weigh on market sentiment. The Gift Nifty futures were trading at 24,275, as of 07:50 a.m. IST, indicating that the benchmark Nifty 50 will open near Wednesday's close … Read more