The Indian opened 9 paise higher at 93.28 against the US dollar on Thursday, April 16, as optimism around a potential Iran ceasefire offered support, though gains were capped by…
Category: Market
Sensex opens 400 points higher, Nifty above 24,300; IT stocks up
Benchmark stock market indices extended their rally on Thursday, tracking global markets which have risen on hopes of Iran-US peace talks resuming. Crude oil prices have also fallen, lifting market…
Sensex, Nifty opening: Will stock market continue its rally or fall today?
Stock markets are likely to open higher on Thursday, extending the gains seen in the previous session, supported by easing oil prices and improving global cues. However, key risks remain,…
Indian fund outperforming 98% of peers bets on defense stocks
A $3 billion fund at Kotak Mahindra Asset Management Co. is backing Indian defense stocks, wagering that geopolitical tensions will boost local arms production and support the government’s efforts to…
Rupee rises 6 paise to 93.27 against US dollar in early trade
The rupee appreciated by 6 paise to 93.27 against the US dollar in early trade on Thursday, driven by retreating crude oil prices and a weakening American currency, amid hopes…
Crude oil futures edge up despite hopes of US-Iran ceasefire extension
Crude oil futures traded marginally up on Thursday morning even as markets pinned hopes on an extension of the US-Iran ceasefire, which is set to expire on April 21. At…
Iran war brings US close to net crude exporter for first time since World War II
The U.S. nearly turned into a net crude exporter last week for the first time since World War Two as shipments surged close to a record high to meet demand…
‘Iran war oil shock as disruptive as Covid’
Indian officials say the Iran war could be as disruptive to the economy as the Covid pandemic was six years ago and the damage could linger for years to come,…
Gold rally boosts ETFs; jewellery stocks see mixed returns
As India heads into the auspicious festival of Akshaya Tritiya, traditionally associated with gold buying, a sharp rally in the yellow metal over the past year is reshaping both consumer…