Prices for West Texas Intermediate (WTI) fell to levels last seen in December 2022, with the $66 level serving as the bottom for the three-day steep slide. On Thursday, a backup plan was introduced in response to Credit Suisse’s deteriorating financial situation, providing momentary reprieve. After Silicon Valley Bank’s (SVB) controversy, Credit Suisse was the…
September 13, 2024 New Delhi, India India’s Retail Inflation Retail inflation in India edged up to 3.65% in August 2024, according to data released by the National Statistical Office (NSO) on Thursday. Despite the slight increase, inflation remained below the Reserve Bank of India’s (RBI) median target of 4% for the second consecutive month. Key…
August 29, 2024 New Delhi, India Stock Market Today On Thursday, Indian benchmark indices rebounded strongly, with the BSE Sensex and NSE Nifty 50 reaching record highs. The Sensex closed at 82,135 points, marking a gain of 349 points or 0.43%. The Nifty 50 ended at 25,152, up by 100 points or 0.40%. Top Gainers…
August 1, 2024 New Delhi, India Key Highlights: 1. Record Highs: Indian shares continued their upward momentum on Thursday, with the Nifty index surpassing the 25,000-point threshold for the first time. The Sensex also hit a record high of 82,000 during intraday trading, closing 126 points higher, marking its fourth consecutive day of gains. This…
July 29, 2024 New Delhi, India Market Overview: Sensex Today: The Indian benchmark equity indices, Sensex and Nifty 50, experienced flat trading on Monday, influenced by mixed sectoral performances. The Sensex fell by 50 points, while the Nifty hovered around the 24,800 mark. Key sectors like IT and FMCG faced selling pressure, while auto, capital…
July 29, 2024 New Delhi, India The Indian Rupee (INR) traded sideways on Monday despite a softer US Dollar (USD) during the Asian session. Renewed demand for the US Dollar, foreign outflows from India, and geopolitical risks are weighing on the INR. The US Federal Reserve is widely expected to keep rates unchanged at its…
July 25, 2024 New Delhi, India Q1 Results Nestle India reported a net profit of ₹746.6 crore in the first quarter of FY25, marking a growth of 7% from ₹698.3 crore in the year-ago period. The FMCG major’s revenue for Q1 FY25 increased by 3.3% to ₹4,814 crore from ₹4,658.5 crore year-on-year (YoY). Quarterly Performance:…
February 27, 2023 New Delhi, India Sensex Gains 300 Points The Sensex soared over 300 points today, bolstered by positive sentiment in global markets. Despite initial fluctuations, Indian equity indices closed higher, with the Nifty surpassing the 22,200 mark. Both the indices Sensex and nifty closed at 73,095.22 up +305.09 (0.42%) and 22,198.35 up +76.30 (0.34%) respectively….
February 13, 2023 New Delhi, India Indian Rupee’s Recent Performance Economic Data Releases The Indian Rupee’s performance is under scrutiny as key economic indicators and technical trends shape its trajectory. Recent data releases shed light on the currency’s resilience amidst a complex economic landscape. Indian Economic Indicators India’s retail inflation eased to a three-month low…
February 13, 2023 New Delhi, India USDINR The last traded price of USDINR was 83.0300 up by 0.01%. The day’s range for USDINR is a high of ₹83.04 and a low of 82.99. The Rupee weakens due to dollar demand from importers, including local oil companies. In the US, the Consumer Price Index increased in…
