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Image for representation | Photo Credit: ANI Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday amid weak global trends, higher crude oil prices, and outflow of foreign funds. The 30-share BSE Sensex declined 281.18 points or 0.38% to 73,622.73. The NSE Nifty dipped 93.15 points or 0.41% to 22,360.15. Among the…
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The rupee witnessed range-bound trading in initial deals against the US dollar on Wednesday, as the support from positive macroeconomic data was negated by elevated crude oil prices. Forex traders said a negative trend in domestic equities and the overall strength of the American currency in the overseas market weighed on investor sentiments. At the…
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File. | Photo Credit: C. Venkatachalapathy The rupee on April 2 consolidated in a narrow range and settled 4 paise lower at 83.43 against the U.S. dollar, weighed down by a strong dollar and elevated crude oil prices. Forex traders said a weak trend in domestic equities also dented investor sentiments. At the interbank foreign…
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Mahindra & Mahindra, Nestle, Tata Motors and IndusInd Bank were among the gainers. File. | Photo Credit: Reuters Stock markets snapped the three-day gaining run on April 2 with benchmark Sensex dropping by 110 points due to profit-taking in select private bank and auto shares amid weak trends from the US markets and foreign fund…
India buys palm oil from Indonesia, Malaysia and Thailand, while it imports soy oil and sunflower oil from Argentina, Brazil, Russia and Ukraine. File | Photo Credit: KAMAL NARANG India’s sunflower oil imports rose by 51% in March from the previous month to reach the second highest level on record, as lower prices led refiners…
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Image for representation purpose only. FIle | Photo Credit: PTI India’s manufacturing sector activity surged in March with new orders and output levels rising at the fastest pace since October 2020, lifting the HSBC India Manufacturing Purchasing Managers Index (PMI) to a 16-year high of 59.1 from 56.9 in the previous month. A reading of…
Image for representational purposes only. | Photo Credit: Reuters The rupee witnessed range-bound trading in initial deals against the U.S. dollar on April 2, weighed down by a strong American currency and elevated crude oil prices. At the interbank foreign exchange, the rupee opened at 83.37 against the greenback, then touched 83.35, registering a rise…
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The 30-share BSE Sensex declined 222.02 points to 73,792.53 on April 2, 2024. File | Photo Credit: Reuters Benchmark equity indices declined in early trade on April 2, halting their three days of rally, on profit-taking amid weak trends from the U.S. markets and foreign fund outflows. The 30-share BSE Sensex declined 222.02 points to 73,792.53….
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Driven by robust demand for sports utility vehicles, passenger vehicle sales in India soared to a record high in FY24 with dispatch of more than 42 lakh units. Overall vehicle dispatches from maker to dealers rose to 42.3 lakh units in FY24, an increase of 9%, compared with 38.9 lakh units in FY23. SUV’s share…
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File. | Photo Credit: Paul Noronha Stock markets started the new fiscal on a high with benchmark Sensex and Nifty scaling fresh record high levels in intra-day trade before settling in the green on April 1, backed by firm trends in Asian markets and foreign fund inflows. Extending its winning momentum to the third day…
Read More “Stock markets start new fiscal on a high; Sensex, Nifty scale new lifetime highs” »
