Stock market today (AI image) Stock market today: Continuing the down trend, Nifty50 and BSE Sensex opened in red on Friday as oil prices climbed and the Strait of Hormuz closure halted important global trade. While Nifty50 went below 23,500, BSE Sensex was down over 580 points. At 9:17 AM, Nifty50 was trading at 23,461.40,…
Ongoing crisis in the Middle East is beginning to ripple through financial markets, with the impact now visible in the US bond market. The average rate on a long-term mortgage in the United States moved higher this week as bond market volatility persisted. According to mortgage buyer Freddie Mac, the benchmark 30-year fixed mortgage rate…
The Middle East crisis impact has continued to spill across global oil supply chains, once again pushing crude prices beyond the $100 mark. Brent crude, the global oil benchmark, rose slightly after moving past $100 a barrel on Thursday (local time), gaining 0.20% to trade at $100.66 by 0020 GMT. Meanwhile, US benchmark West Texas…
National Stock Exchange of India (NSE) has selected 20 bankers for its long-awaited initial public offering, the exchange said in a statement.The selected bankers include Kotak Mahindra Capital, JM Financial and Axis Capital, as well as the Indian units of Morgan Stanley, Citigroup, JPMorgan Chase & Co and HSBC Holdings. Eight law firms have also…
Anxiety over LPG shortage has spilled over to the domestic sector, fuelling panic bookings of cooking gas cylinders, while server glitches in the IVRS and other online booking systems are prompting people to queue up outside distribution agencies, compounding the chaos and fraying the nerves of consumers as well as suppliers across the country.Despite govt’s…
India’s retail inflation edged higher in February, largely on the back of rising food prices, according to official data released on Thursday.Data from the National Statistics Office (NSO) showed that inflation measured by the Consumer Price Index (CPI) rose to 3.21 per cent in February, up from 2.74 per cent in January. Despite the increase,…
NEW DELHI: Kerosene oil, which has made a comeback for household use across several states and UTs, will be primarily made available through ration shops and, in some cases, from retail outlets of public sector oil marketing companies for cooking and lighting purposes. The Centre on Thursday allocated 48,000 kilolitres (kl) of additional kerosene to…
NEW DELHI: Govt has asked states and UTs to lift from the Central Pool rice and wheat under the free foodgrain scheme for three months in advance (till June) and distribute them to beneficiaries immediately. This directive comes as govt warehouses are brimming with rice and wheat stocks and little space is available for storing…
MUMBAI: Vinay Tonse, former managing director at State Bank of India, will take over as chief executive officer of Yes Bank after incumbent Prashant Kumar completes his term on Apr 6, following a change in the bank’s shareholding after Sumitomo Mitsui Banking Corporation acquired a 20% stake and became its largest shareholder.Tonse spent over 35…
US stock markets opened sharply lower on Thursday as surging oil prices and uncertainty stemming from the ongoing conflict involving the US, Israel and Iran weighed on investor sentiment.Shortly after opening bell, the Dow Jones Industrial Average fell 1.1 per cent to 46,879.09. The broader S&P 500 declined 1.0 per cent to 6,706.10, while the…
