Finance

June 14, 2024 2:46 PM

WPI Food Index increased from 5.52 pc in April to 7.40 pc in May

Wholesale food prices have skyrocketed month-on-month in May, with official data showing that the Whole Price Index for food rising from 5.52 per cent in April to 7.40 per cent in May. In the food basket, cereals, paddy, pulses, vegetables, potato, onion, fruits, all spiked. The overall wholesale ...

June 14, 2024 11:10 AM

Stock indices remain firm in opening trade, hover around record highs

Indian stock indices opened higher Friday and hovered around lifetime highs, continuing their uptrend from the previous sessions, primarily due to a moderation in inflation in May - both in India and the United States. At the time of filing this report, Sensex and Nifty traded a touch above their p...

June 14, 2024 9:35 AM

Asian stocks slide, yen wobbles ahead of BOJ verdict

Asian stocks fell on Friday as investors pondered the outlook for U.S. rates after the Federal Reserve tempered its rate-cut views even as inflation came in softer than expected, while the yen was shaky before the Bank of Japan's policy meeting. The dollar was hovering near a one-month high on the ...

June 13, 2024 9:36 PM

Nifty, Sensex touch new peaks in closing session

Domestic stock markets surged to record highs on Thursday, driven by favorable inflation data. The BSE Sensex and NSE Nifty soared to new peaks, reaching 77,145 and 23,481, respectively. Notably, the Nifty 50 closed 0.33 percent higher at 23,398.95, while the Sensex ended 0.27 percent up at 76,810.9...

June 13, 2024 1:43 PM

AI-powered Apple overtakes Microsoft as world’s most valuable company

Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology. Its shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion....

June 13, 2024 11:23 AM

Fed leaves rates unchanged, sees only one 2024 cut despite inflation progress

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December as policymakers sketched out their view of an economy that remains virtually unchanged across its major dimensions for years to come. With growth and unemployment lodged ...

June 13, 2024 11:10 AM

Indian stock market hits fresh record highs

The Indian stock market surged to new record highs on Thursday, boosted by easing retail inflation in both India and the US, and expectations that the US Federal Reserve might cut interest rates soon. The Sensex gained 379.66 points, or 0.50%, to trade at 76,986.23, while the Nifty rose 118.00 poin...