Business

January 27, 2022 7:00 PM

Oil at seven-year high as Ukraine crisis overshadows Federal Reserve

Oil today extended gains to seven-year highs as the Ukraine crisis outweighed signs that the U.S. Federal Reserve will tighten monetary policy. Brent crude prices rose around one percent to trade above 90 dollars per barrel.         In intra-day trade, Brent crude was trading around 90 dollars and 7...

January 27, 2022 6:59 PM

Gold trades at Rs 48,200; Silver above Rs 62,600

Gold prices today lost 655 rupees at Multi Commodity Exchange for February contracts. The precious metal was trading at 48,200 rupees per 10 gram in intra-day trade.   Silver prices declined 1415 rupees to 62,630 rupees per kilogram for March Contracts when reports last came in.   In the New York Me...

January 27, 2022 6:52 PM

Rupee weakens 30 paisa per US dollar to trade beyond 75 rupees per dollar mark

The rupee today weakened 30 paisa per US dollar to trade beyond 75 rupees per dollar mark. The domestic unit fell mainly due to appreciation in the US currency. The rupee settled at 75 rupees and seven paisa against the US currency.       The dollar index, which indicates the US dollar's st...

January 27, 2022 4:37 PM

Sensex plunges 581 points, Nifty finishes at 17,110

The Sensex and the Nifty today tumbled around one percent. Both stocks declined amid negative cues from the global equity markets. The Sensex closed below 57,300 and the Nifty ended near 17,100 level.   The BSE Sensex plunged 581 points, or one percent to settle at 57,277 and the NSE Nifty lost 168 ...

January 26, 2022 8:16 PM

Global crude oil prices edge up on Russia-Ukraine tension

Global crude oil prices edged up on Wednesday as geopolitical tensions in Europe and the West Asia raised supply concerns while investors locked in profits ahead of s from the US Federal Reserve and US oil inventory data. Brent crude oil futures edged up 0.2 percent at 88.33 dollars a barrel. The pr...

January 26, 2022 5:16 PM

Wall Street closes down as markets whipsaw ahead of Fed meeting

US markets closed lower yesterday with interest rate sensitive tech stocks weighing most heavily as uncertainties around increasingly hawkish Federal Reserve and rising geopolitical tensions contributed to the market's churn. The Dow Jones Industrial Average fell 0.2 per cent to 34,298. The...

January 25, 2022 6:49 PM

Currency: Rupee weakens 21 paise to settle at 74.78 against US dollar

The rupee today weakened 21 paise per US dollar. The domestic Unit settled at 74 rupees and 78 paise, against the US currency.    The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, rose 0.34 percent to trade at 96.25 in intra-day tra...

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