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Expectations for Rate Cuts Propel Bond Price Rise

December 28, 2023 6:29 PM

Expectations for Rate Cuts Propel Bond Price Rise

A huge two-month rally in bond prices, powered by expectations that central banks will soon be cutting interest rates, has rescued fixed-income markets from an almost unheard-of third straight year of declines.   The Nasdaq Composite index gained 0.02 percent while the S&P 500 slipped 0.04 p...

Oil Marketing Stocks Rally as Crude Prices Dip Below 80

December 28, 2023 4:37 PM

Oil Marketing Stocks Rally as Crude Prices Dip Below 80

A slide in crude prices to below 80 dollar a barrel triggered up to 9 percent rally in the stocks of oil marketing companies (OMC) on December 28 as lower input cost would help widen their margins.   In intra-day trade, Brent crude was trading at 79 dollars and 80 cents per barrel, while U.S. West T...

Stock Market: Sensex up 702 points, Nifty to close at 21,655

December 28, 2023 4:36 PM

Stock Market: Sensex up 702 points, Nifty to close at 21,655

The Indian equity market is posed to end the year in green for the eighth time in a row, despite headwinds such as rising interest rates, banks collapse in the US, geopolitical crisis emerging from two ongoing wars, rising crude prices, and a slowdown in the Chinese economy.    The Sensex gained 372...

Indian rupee closes at Rs 83.35 against the US dollar

December 28, 2023 4:25 PM

Indian rupee closes at Rs 83.35 against the US dollar

In the forex market, the Indian rupee closed at 83 rupees and 35 paise against the US dollar.   The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was down, to trade at 101.43 in intra-day trade.

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