Business

January 17, 2024 5:49 PM

US Indices Lower: Dow -0.6%, S&P 500 -0.4%, Nasdaq -0.2% on Mixed Earnings

The three major US indices ended lower yesterday following mixed earnings from Morgan Stanley and Goldman Sachs, exerting pressure on banks. Selloffs in Boeing and Apple also weighed on the S&P 500. The Dow Jones Industrial Average fell 0.6 percent, the S&P 500 slipped 0.4 percent an...

January 16, 2024 7:56 PM

Oil Prices Rise on Middle East Conflict: Brent at 78.57, WTI at 72.72

Oil prices rose today amidst the escalation of conflict in the middle-east region. In intra-day trade, Brent crude was trading 0.54 percent higher at 78 dollars and 57 cents per barrel, while U.S. West Texas Intermediate crude was also trading marginally higher at 72 dollars and 72 cents per barrel ...

January 16, 2024 6:27 PM

Sensex Falls 200 Points, Nifty Slips 65 Points on Weak Global Cues

Benchmark equity indices declined today after having a successful rally in the past five sessions. The indices declined amidst weak global cues. The Sensex dropped 200 points, or 0.3 percent, to close at 73,129. The Nifty slipped 65 points, or 0.3 percent, to 22,032. In the broader market at the BSE...

January 15, 2024 6:23 PM

Oil Prices Drop by 0.93% Amid Geopolitical Tensions in West Asia

Oil prices fell by nearly 0.93 percent, offsetting supply concerns generated by escalating geopolitical tension in the West Asia. In intra-day trade, Brent crude was trading 0.93 percent lower at 77 dollars and 56 cents per barrel, while U.S. West Texas Intermediate crude was also trading three perc...

January 15, 2024 6:20 PM

Domestic Indices Hit New Record Highs: Sensex Soars 1.05%, Nifty Up 0.93%

Key domestic indices continued with their upward trajectory today, hitting new record highs. The surge in benchmark indices was predominantly driven by the robust performance by IT, oil and gas stocks. The Sensex rose by over 759 points, or 1.05 percent, to end at a fresh all-time high of 73,328. Th...

January 12, 2024 9:28 PM

India's industrial production grew 2.4 % in Nov 2023

  India's industrial production grew 2.4 per cent in November 2023. Factory output measured in terms of the Index of Industrial Production (IIP) had grown by 7.6 per cent in November 2022.   The data released by the National Statistical Office (NSO) showed that the manufacturing sector&...

January 12, 2024 7:02 PM

Retail inflation inches up marginally to 5.69 % in December 2023

Retail inflation, based on the Consumer Price Index (CPI), inched up marginally to 5.69 percent in December 2023 mainly on account of higher food prices but stayed within the Reserve Bank of India's target range for a fourth consecutive month.   Retail Inflation was at 5.55 percent in Novem...

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