For the week, both the benchmarks added a percent each.Taking Stock: Market at fresh record high; Sensex rises 502 pts, Nifty above 19,550
For the week, both the benchmarks added a percent each.
For the week, both the benchmarks added a percent each.Alphabet shares soar after it expands AI chatbot internationally
The stock last traded at $124.73 and was on track for its biggest one-day percentage gain since early February when it announced the product. The shares also hit their highest point since mid-June during the session.Dollar at 15-month low as easing inflation firms rate peak bets
The dollar index, which measures the U.S. currency against six major rivals, stood at 99.71 in early Asian hours, its lowest since April 2022. The index is on course for its worst week since November.Gold poised for weekly gain as dollar hits over 1-year low
Spot gold was steady at $1,958.45 per ounce by 0051 GMT, and up 1.8% for the week. U.S. gold futures were almost unchanged at $1,963.00.Taking Stock: Market fails to hold record high; Nifty above 19,400, Sensex up 165 pts
BSE Midcap index touched a new high of 29,420.55 and Smallcap index record fresh high of 33,746.89.Gold holds steady on hopes of Fed nearing end of rate hikes
Gold is used as a safe investment during times of political and financial uncertainty, but higher interest rates increase the opportunity cost of holding non-yielding bullion.NSE announces change in expiry days for Nifty Bank, Nifty Midcap Select Index
With effect from September 4, Nifty Bank weekly index options will expire every Wednesday instead of Thursday. The first Wednesday weekly expiry for Nifty Bank will be on September 6.Dollar takes a beating as traders see US rates peaking
The moves were small, yet showed traders’ faith the dollar has further to fall. The yuan touched a one-month high at 7.1604 to the dollar in offshore trade. Sterling and Swiss franc were testing overnight highs. U.S. core inflation came in at 0.2% in June against market expectations for 0.3%. Headline annual CPI fell to 3% and has been dropping since hitting a peak at 9.6% a year earlier.Gold rises on softer dollar, yields ahead of US inflation data
Making gold cheaper for holders of other currencies, the dollar index fell 0.2% to its lowest level since May 11. Benchmark 10-year U.S. Treasury yields also slipped to their lowest in nearly a week. * While a few Fed members said on Monday the central bank was close to ending its monetary policy tightening, Fed Bank of New York President John Williams reiterated that the central bank was not done raising its short-term rate target on Tuesday.Oil flat after bigger-than-expected build in U.S. crude stockpiles
If confirmed in data from the Energy Information Administration later on Wednesday, it would be the first crude stock build in four weeks and compares with an increase of 3.3 million barrels in the same week last year and a five-year average decrease of 6.9 million barrels.