Crude oil prices rose by more than $1 per barrel on Tuesday, May 28, on the expectations that the Organization of the Petroleum Exporting Countries and allies (OPEC+) will maintain the current crude supply curbs, while a weaker US dollar made the commodity more attractive to holders of other currencies. […]
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The Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, are known collectively as OPEC+ and will meet on June 2 to discuss their joint oil production policy. Analysts are divided over whether the oil-producing group will extend voluntary oil output cuts of 2.2 million barrels per day. […]
By 1119 GMT, spot gold dipped by 0.3% to $2,344.20 per ounce, following a 0.7% uptick on Monday. The precious metal slipped below its 21-day moving average, currently at $2,348, yet remained poised for its fourth consecutive month of growth, boasting a 2.5 per cent increase in May. Notably, the […]
Nvidia Corp. stock on Tuesday jumped more than 5 per cent in a volatile US stock market. The stock is still riding a wave created by the chip giant’s latest blowout earnings report declared last week. ALSO READ: Wall Street week ahead: Investors’ focus on Fed preferred inflation gauge At […]
Indian stock market: On Tuesday, May 28, the Indian stock market remained under pressure, with the benchmarks—the Sensex and the Nifty 50—closing in the red for the third straight session. The Indian stock market has experienced significant volatility this month due to substantial foreign capital outflows driven by election-related caution. […]
US stock indices were mixed on Tuesday as investors are awaiting the US Federal Reserve’s preferred inflation data later in the week. The US core Personal Consumption Expenditures (PCE) price index report for April is due on Friday. At 10:14 a.m. ET, the Dow Jones Industrial Average was down 135.40 […]
Lok Sabha Elections 2024: As we enter the last phase of election season the nervousness is likely to set in ahead of the election results next week, The investors however are advices to follow the simple and basic strategies as per experts as Feroze Azeez, Deputy CEO, Anand Rathi Wealth […]
Indian stock market: Market indices Nifty is expected to climb to 24,500 by December 2024, driven by an expected earnings growth of 15%. Furthermore, the Nifty is projected to continue its upward trajectory, surpassing 26,500 by December 2025, according to brokerage firm Emkay Investment Managers. “In the immediate near term, […]
The company, primarily focused on the production of pumps and motors of various types, has witnessed a consistent uptrend in its stock price since April 2023, starting at ₹404.40 and currently trading at ₹2,492, yielding an impressive return of 515%. This outstanding growth is largely attributed to Shakti Pumps’ substantial […]
Shares of Bharat Dynamics Ltd. (BDL) dropped by up to 7 per cent on Tuesday, ending a 10-day winning streak on the stock market. Investors hurried to book profits, causing the stock to open at ₹1,542 and reach a day’s low of ₹1,431.25. BDL stock closed at ₹1,454 on May […]