Finance

May 31, 2024 3:38 PM

Crypto ‘re-staking’ platforms boom as traders chase bigger returns

More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market. The soaring popularity of so-called "re-staking" is the la...

May 31, 2024 3:15 PM

Global stocks and dollar idle ahead of Fed’s favourite inflation figure

Global shares were little changed on Friday in subdued trading as investors hunkered down for key U.S inflation figures that will shape the Federal Reserve's thinking on interest rates when it meets mid-June. The dollar was steady against peer currencies ahead of the U.S. inflation data. Oil was s...

May 31, 2024 11:25 AM

Sensex, Nifty open higher; investors turn cautious ahead of poll results

Indian stock indices opened higher on Friday, June 1, following five consecutive trading sessions of losses. The gains were primarily driven by fresh buying from investors after the recent dip. Analysts believe that investors are likely to adopt a cautious approach ahead of the Lok Sabha election r...

May 30, 2024 5:31 PM

Nifty falls below 22,500 on F&O expiry, Sensex drops 617 points

Indian benchmark indices continued their losing streak for the fifth consecutive session on Thursday. The Nifty closed below 22,500 on the May F&O (Futures & Options) expiry day, indicating the bearish sentiment prevailing on Dalal Street. The Sensex dropped by 617.30 points, or 0.83%, to c...

September 16, 2024 5:45 PM

Saudi Arabia may announce landmark Aramco share offering

Saudi Arabia may announce a landmark secondary share offering in oil giant Aramco later on Thursday, pending final approval, people with knowledge of the matter said. Final approval would come from Crown Prince Mohammed bin Salman. The share offering is expected to be launched on Sunday, the source...

May 29, 2024 6:03 PM

Indian equity market slumps for fourth consecutive session

The Indian equity market experienced its fourth consecutive day of losses on May 29. The Nifty ended at 22,704.70, down 183.50 points or 0.80 percent, while the Sensex dropped 667.55 points or 0.89 percent, closing at 74,502.90. The market opened negatively, influenced by mixed global cues, and con...

October 25, 2024 4:52 PM

Delhi swelters in record heat for second day

Record heat seared parts of the national capital for a second consecutive day on Wednesday, reaching a temperature of 52.3 degrees Celsius (126.14 degrees Fahrenheit), as an unprecedented heat wave continued to parch some northwestern regions. The unusually high summer temperatures have brought "he...

May 28, 2024 10:40 PM

Global equity index dips while yields fall; investors await inflation prints

A global equities index fell slightly on Tuesday while Treasury yields rose as investors awaited inflation data due later in the week for potential clues about the outlook for U.S. interest rates. U.S. Treasury yields turned positive after the latest crop of U.S. economic data. U.S. consumer confid...