market

October 27, 2024 10:14 AM

Silver set to outshine gold with target of Rs 1.25 lakh by 2025: MOFSL report

The financial landscape for precious metals appears set for an exciting shift, with silver poised to potentially outperform gold in the coming year, according to the latest report from Motilal Oswal Financial Services Ltd (MOFSL). The firm predicts that silver prices could climb to Rs 1,25,000 per kilogram on the Multi Commodity Exchange (MCX) and reach USD 40 per ounce on the COMEX over the next 12 to 15 months. This forecast comes as silver has already demonstrated remarkable growth in 2024, a...

August 7, 2024 2:48 PM

Global stocks rebound continues, yen slumps after BOJ talks down rate hikes

European and Asian share markets rose on Wednesday, led by another bounce in the Nikkei, as the Bank of Japan unexpectedly turned cautious on rate hikes amidst market volatility, inducing a sharp fall in the yen. Europe's broad Stoxx 600 index rose 0.8% in early trading, and Nasdaq futures were up 0.9%, having edged lower earlier in the day on a 12% dive in AI darling Super Micro Computer after it missed earnings estimates. The Nikkei's 1.2% rise followed Tuesday's 10% rally, suggesting invest...

June 27, 2024 10:27 AM

Asia stocks down, yen slump keeps markets on intervention alert

Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen's slide past 160-per-dollar had currency traders bracing for Japan to step in and steady it. The dollar made six-week highs on sterling and the kiwi and at 160.7 yen traded just shy of Thursday's 38-year peak. The jittery mood had frothy sectors of financial markets especially vulnerable and Nasdaq futures dropped 0.5%. Shares in bellwether chipmaker Micron Technology slid 8% in U.S. after-hours ...

June 16, 2024 11:27 AM

Foreign investors return to Indian markets with investment of Rs 2743 crore

Foreign portfolio investors (FPIs) re-entered the Indian equity markets with a notable net investment of Rs 2,743 crore on Friday, signaling a positive turn. However, despite this recent inflow, overall FPI investments remain in the negative territory. According to the latest data from the National Securities Depository Limited (NSDL), net investments for June are still in the red, standing at Rs 3,064 crore. This negative trend follows a period of significant sell-off by foreign investors, whi...

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 points, or 0.51%, to 23,441.00. Market sentiment was positive, with 2,123 shares advancing, 346 shares declining, and 107 shares remaining unchanged. India's annual retail inflation eased to a 12-month l...

June 7, 2024 4:39 PM

Sensex, Nifty end at record highs, erasing election-day losses

Indian stock markets surged for the third consecutive session on Friday, ending at record levels and erasing losses suffered on election day when the BJP lost its majority in the lower house of Parliament, securing far fewer seats than exit polls had predicted. The Nifty ended 2.05% higher at 23,290.15, while the Sensex closed up 2.16% at 76,693.36. Both indices were boosted by the Reserve Bank of India's (RBI) upward projection of GDP growth to 7.2% from 7% for 2024-25 and the prospects of pol...

June 3, 2024 5:17 PM

Sensex, Nifty close at record highs as exit polls predict big win for NDA

Indian benchmark indices closed at record highs on Monday, driven by fresh buying from investors after exit polls indicated a comfortable majority for the NDA government. The Nifty 50 index jumped by 733.20 points, ending at 23,263.90, while the BSE Sensex rallied by 2507.47 points, reaching a closing level of 76,468.78. During the trading session, the Nifty touched an all-time high of 23,338.70, and the Sensex hit a new peak at 76,738.89. The Bank Nifty Index also touched a new all-time high...

May 28, 2024 5:30 PM

Sensex sheds 220 pts, Nifty closes below 22,900

After reaching record highs in the previous session, Indian benchmark indices consolidated on May 28. At closing, the Sensex fell by 220.05 points (0.29%) to 75,170.45, and the Nifty dropped by 44.30 points (0.19%) to 22,888.15. The market started positively but fluctuated between gains and losses throughout the day. However, a sell-off in the last hour pushed the indices to their lowest points of the day. The biggest losers on the Nifty were Adani Ports, Power Grid Corp, Coal India, Adani Ent...