Business

May 19, 2021 6:21 PM

Gold prices decline on Multi Commodity Exchange

Gold prices declined on the Multi Commodity Exchange today. Gold for June delivery fell 263 rupees, to 48,044 rupees per ten grams, in line with a drop in the global precious metal prices. Silver for July delivery lost 1,636 rupees, to 71,9650 rupees per kilo.   In the international market, gold was...

May 19, 2021 5:45 PM

Most Asian markets end lower; Key indices in Europe trade lower

Most key Asian markets ended lower on Wednesday. So Japan's Nikkei-225 index slumped 1.3 percent on spike of Covid cases in the country amid a scarcity of medical workers and hospital beds in Tokyo. China's Shanghai Composite index lost 0.5 percent due to decline in energy stocks a...

May 19, 2021 5:40 PM

Offer for sale of SUUTI shares in Axis Bank gets good response on day one

The offer for sale of Specified Undertaking of the Unit Trust of India, SUUTI shares in Axis Bank got good response on day one. Issue subscribed over four times of base size at a clearing price above the floor price by non-retail investors. SUUTI has decided to exercise the green shoe option. Retail...

May 19, 2021 5:24 PM

US markets fall due to big drop in telecom stocks

US markets fell on Tuesday due to big drop in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot.   So, the Dow Jones Industrial Average fell 267 points, or 0.8%, to 34,061, the S&P 500 lost 35 points, or 0.9%, to 4,128 and...

May 17, 2021 9:56 PM

Most Asian markets end higher; Key indices in Europe trade lower

Most Asian markets ended higher, today. So, China's Shanghai Composite index gained 0.8 per cent after data showed that retail sales in China rose 17.7 per cent in April from a year earlier. Although they fell short of forecasts for a jump of 24.9 per cent, industrial output matched expecta...

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