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October 28, 2024 New Delhi, India Market Summary The Indian stock market made a strong comeback on October 28, 2024, breaking a five-day losing streak. Both the BSE Sensex and NSE Nifty 50 closed the week’s first trading session with significant gains, mirroring positive sentiment across Asian markets. Key Market Movements Index Performance Sensex: Closed…
October 25, 2024 New Delhi, India JSW Steel Q2 Results JSW Steel reported an 85% decline in net profit for Q2 FY25, down to ₹404 crore from ₹2,773 crore YoY, primarily impacted by an exceptional loss of ₹342 crore and increased taxes. Key Financial Metrics: Revenue: ₹39,684 crore (down 11% YoY) EBITDA: ₹5,437 crore, with…
October 18, 2024 New Delhi, India Stock Market Today Indian stock markets snapped a three-day losing streak on Friday, with the BSE Sensex rising 218 points (0.27%) to close at 81,224.75, and the Nifty 50 climbing 104.16 points (0.42%) to end at 24,854.05. The recovery was led by banking and metal stocks, which outperformed during…
October 18, 2024 New Delhi, India Pound Sterling (GBP/USD) The Pound Sterling (GBP) gained strength on Friday, driven by stronger-than-expected UK Retail Sales for September. Retail Sales grew by 0.3% month-on-month, defying economists’ predictions of a 0.3% decline. On a yearly basis, consumer spending increased by 3.9%, exceeding the estimated 3.2%. The positive Retail Sales…
October 18, 2024 New Delhi, India Gold Prices Today Gold (XAU/USD) extended its rally on Friday, breaking past the $2,700 mark to reach a fresh record high during the Asian session. The surge is largely driven by expectations of interest rate cuts by major central banks, which boost demand for the non-yielding metal. Additionally, heightened…
October 17, 2024 New Delhi, India Gold prices Gold prices continued their upward momentum on Thursday, October 17, with XAU/USD marking its third consecutive day of gains and hitting fresh all-time highs as investors flocked to safe-haven assets. The domestic futures market also saw MCX Gold for December 5 expiry rise 0.21% to ₹76,822 per…
October 17, 2024 New Delhi, India USDINR Analysis On Thursday, the Indian Rupee (INR) traded with mild losses against a stronger US Dollar (USD). The pressure on the INR is largely driven by significant outflows from Indian equities and heightened USD demand from foreign banks and importers. Key Factors Impacting the INR: Foreign Fund Outflows:…
October 17, 2024 New Delhi, India Currency Market Analysis USDINR Trading Range: 84.03 – 84.15 Closing Price: 84.09 The Indian Rupee ended little changed as the sharp drop in crude oil prices helped offset the negative impact of weakness in other Asian currencies. Foreign investors pulled out nearly $8 billion from local stocks, reversing inflows of about $11.1 billion in September. On the…
October 16, 2024 New Delhi, India Stock Market Today The Indian stock market closed on a lower note for the second consecutive day on October 16, with the BSE Sensex shedding 319 points (0.39%) to settle at 81,501.36. The NSE Nifty 50 fell by 86 points (0.34%) to close at 24,971.30. Investors grappled with mixed…
October 16, 2024 New Delhi, India USD/INR The USD/INR pair continues to hover around its all-time high of 84.14 as the Indian Rupee (INR) faces pressure from foreign exchange outflows. Traders are also evaluating the Reserve Bank of India’s (RBI) policy outlook, particularly in response to India’s latest Consumer Price Index (CPI) data. Key Factors:…
