US Federal Reserve

November 18, 2024 5:35 PM

Gold prices dip 9% from peak, experts suggest support at current level

Gold prices showed a modest recovery on Monday, breaking a six-day losing streak. However, both international and domestic gold prices remain around 9% below their recent peaks, driven by global economic conditions and market sentiment. Internationally, gold was trading at USD 2,597 per ounce, slightly up from its recent low of USD 2,537 per ounce but still down from its peak of USD 2,790 per ounce. In India, gold on the Multi Commodity Exchange (MCX) was trading at Rs 74,657 per 10 grams, mark...

September 18, 2024 5:47 PM

Sensex, Nifty fall marginally ahead of Fed policy decision

India’s benchmark indices closed flat on Wednesday as investors awaited the US Federal Reserve's policy decision on a potential rate cut. The Nifty slipped 41 points, or 0.16%, ending at 25,377.55, after hitting an intraday high of 25,482.20. Similarly, the BSE Sensex lost 131.43 points, or 0.16%, closing at 82,948.23, down from its peak of 83,326.38 earlier in the day. Among the top gainers were Shriram Finance, Bajaj Finance, Bajaj Finserv, Nestle India, and ICICI Bank, while major tech st...

August 6, 2024 11:57 AM

Sensex, Nifty rebound, tracking Asian peers

India's benchmark indices surged on Tuesday, recovering from the sharp downturn witnessed the previous day. The Nifty 50 jumped 290.60 points, or 1.21%, to 24,189.85, while the BSE Sensex rallied 949.21 points, or 1.21%, to 79,708.61. Among the sectoral indices, bank, auto, financial services, FMCG, IT, media, metal, pharma, PSU bank, private bank, realty, healthcare, consumer durables, oil, and gas opened in positive territory. Foreign Institutional Investors sold net shares worth ₹10,074 ...

September 16, 2024 6:38 PM

Market salutes PM Modi’s third term: Sensex-Nifty open at all-time high

Indian stock indices continued their uptrend from the past week and opened at fresh record highs at the opening bell on Monday, a day after Prime Minister Narendra Modi and his Union Council of Ministers took oath to office. A smooth transition in the government formation seemed to have boosted market sentiments. At the opening bell, the Sensex surged to an all-time high of 76,960.96 points, while the Nifty touched a record 23,411.90 points. At the time of reporting, the Sensex was trading at 7...

May 2, 2024 11:01 AM

Sensex, Nifty open marginally higher; Godrej shares rise after split in conglomerate

Indian stock indices maintained their upward trajectory on Thursday morning, rising marginally after witnessing mild losses in the previous session. The positive momentum could be attributed to the record Goods and Services Tax (GST) collection in April, coupled with overall stability in the economy. At 9.33 am, the Sensex and Nifty were 0.1-0.2 percent higher each, with most sectoral indices trading in the green. The stock exchanges were closed on Wednesday on account of Maharashtra Day, wit...