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Mumbai: The Indian benchmark equity indices, Sensex and Nifty closed in the green on Tuesday as heavy buying was seen in PSU Bank and media sectors at the end of trading. At closing, Adani Ports emerged as the top gainer in the BSE's benchmark, settling at Rs 1,288.80 after surging by Rs 73.20 or 6.02 per cent. Sensex ended at 80,845.75, higher by 597.67 points, or 0.74 per cent, while the Nifty 50 ended at 24,457.15, up by 181.10 points, or 0.75 per cent. PL Capital's Head, Advisory, Vikram ...Read More >
"Investors are in wait-and-watch mode ahead of the OPEC+ meeting," ANZ analysts said in a note. Sources from the producer group said it will extend its latest round of output cuts until the end of the first quarter at its Dec. 5 meeting. OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has been looking to unwind production cuts by the first quarter of 2025. However, the outlook for surplus supply has put pressure on prices. The group accoun ...Read More >
Trump warns BRICS nations against replacing US dollar Dec 2 (Reuters) - A gauge of emerging market stocks rose on Monday, driven by positive manufacturing data from China and expectations of continued policy support from Beijing, while India's rupee hit a record low because of weaker-than-expected economic data. As of 0932 GMT, the MSCI's index for emerging market stocks had risen by 0.7%, on track for its biggest percentage gain in over three weeks. China's blue-chip CSI 300 climbed 0.8%, an ...Read More >
Also Read | Stocks to buy: These 9 stocks may rise 8-18% in the next 3-4 weeks, say analysts Looking ahead, market experts suggest that the Nifty 50 is likely to remain cautious due to several negative factors. These include threats of tariffs from Trump, persistent inflation pressures in the US, and the recent release of the US PCE index, which is the Federal Reserve's preferred inflation gauge. Additionally, the solid economic momentum in the US, and improving consumer prospects add complexit ...Read More >
Upon analysis of the movements of the gold futures, since I wrote my last analysis https://www.investing.com/analysis/gold-these-are-the-key-levels-to-watch-for-now-200654401, I find that the gold futures have completed the formation of 'Head & Shoulders" pattern in the daily chart indicates a lot about the further directional moves by the gold futures. On Thursday, the gold futures moved downward after signs of sticky U.S. inflation and a strong economy that sparked doubts over the Federal Res ...Read More >
Given the Thanksgiving holiday in the US, gold (XAU/USD) moved within a narrow range yesterday. XAU/USD rose only by 0.06%. Geopolitical risks and fears of a trade war continue to support the price of gold as a safe haven asset. Russian President Vladimir Putin said that Russia might use its new hypersonic missile to attack decision-making centres in Ukraine in response to the launch of Western missiles on its territory. Also, US President-elect Donald Trump promised earlier this week that tari ...Read More >
At the interbank foreign exchange, the rupee opened at 84.45 and moved in a tight range and touched 84.47 against the greenback, registering a fall of 7 paise over its previous close. The rupee fell 7 paise to trade at 84.47 against the US dollar in early trade on Thursday (November 28, 2024) weighed down by a muted trend in domestic equities and strength of the American currency in the overseas markets. Forex traders said the latest Federal Open Market Committee (FOMC) minutes reveal a signif ...Read More >
Bangkok, Shares were mixed on Thursday in Asia after stocks on Wall Street retreated, weighed down by losses for technology shares. Tokyo's Nikkei 225 index gained 0.7 per cent to 38,400.00 and Australia's S and P/ASX 200 advanced 0.8 per cent to 8,473.30. South Korea's Kospi was unchanged at 2,503.01 after the central bank cut its benchmark interest rate to relieve pressure on the economy. The Bank of Korea cut its key rate by a quarter percentage point to 3 per cent and lowered its outlook ...Read More >
Investing.com-- Bitcoin fell for a third straight session on Wednesday as traders continued to lock-in profits from a recent rally, while anticipation of more cues on U.S. policy also spurred caution. The world's largest cryptocurrency has been on an extended downturn since late last week as investors locked-in profits from a run-up to record highs. Traders were also somewhat disappointed as the crypto failed to clear the coveted $100,000 level. Risk appetite was further dented by U.S. Preside ...Read More >
Every month, Mint's Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This month we track how the climate finance package at the 29th United Nations climate summit (COP29) irked many countries. Meanwhile, several countri ...Read More >
SYDNEY (Reuters) - The dollar was looking to extend its bull run on Monday as lofty Treasury yields and a more restrained outlook for U.S. rate cuts burnished its attractiveness, though the risk of intervention had caused a pullback against the yen. Yen bears were tense in case Bank of Japan Governor Kazuo Ueda used a speech later Monday to flag a possible rate hike in December, in part due to the weakness of the currency. Ueda will deliver a speech at 0100 GMT, followed by a media confere ...Read More >
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