Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open flat with a positive bias on Tuesday amid mixed cues from global peers. Asian markets traded lower, while the US stock market ended higher overnight led by gains in megacap tech stocks. The US […]
us fed rate cut
Crude oil prices pared some gains on Friday, June 28, but were on track for a weekly gain as investors weighed poor US fuel demand, but US inflation data for May boosted hopes for sooner interest rate cuts by the US Federal Reserve. Crude oil benchmarks gained almost six per […]
Brent futures rose four cents, or 0.1 per cent, to $85.75 a barrel, while US West Texas Intermediate (WTI) crude for August delivery remained unchanged at $81.29 from where it closed on Thursday. That put Brent on track for its highest close since April 30 for a second day in […]
Gold prices surged over 1 per cent, reaching their highest level in two weeks, on T. This increase was fueled by recent U.S. economic data indicating a slowdown in the world’s largest economy, which heightened expectations of interest rate cuts by the Federal Reserve later this year. At 10:04 a.m. […]
Asian markets traded higher, while the US stock market saw a record rally overnight led by gains in technology stocks on Artificial Intelligence (AI) boost. On Friday, the Indian stock market benchmark indices ended higher, with the Nifty 50 hitting record high during the session. The Sensex rose 181.87 points, […]
Asian markets traded mixed, while the US stock market ended mostly higher with the S&P 500 and Nasdaq settling at record closing highs. Markets have dialed back expectations for the Fed’s first rate cut happening in September, now pricing in about a 50% chance, according to the CME’s FedWatch tool, […]
Domestic equity benchmarks recorded the biggest weekly gain of 2024 after a volatile week. The indices began the week hitting all-time highs and rose 3.25 per cent on optimism of a memorable win for the ongoing government. The surprise poll outcome, with the ruling Bharatiya Janata Party (BJP) failing to […]
Gold will be able to sustain at higher levels only if the US Federal Reserve cuts rates and the US dollar starts declining against currency majors, said brokerage house Emkay in a recent note. “Gold prices moved up from the $2,050 base, where it was hovering around for a long […]
The spot gold price jumped to a record high of $2450.49 per ounce earlier in today’s session. This year so far, the prices have jumped 18.65%, outpacing the returns of equities and bonds. Last week’s data indicated a moderation in inflation, leading traders to anticipate a 65% chance of a […]
Gold rate on Multi Commodity Exchange (MCX) rose and Silver price jumped above 91,100 level tracking gains in international bullion prices amid interest rate cut hopes. MCX gold rate rose 0.05%, or by ₹39, to ₹73,750 per 10 grams on Friday. The yellow metal made a high of ₹73,782 and […]