Business / The Sen Times
New Delhi, Apr 24 (PTI) Gold prices climbed Rs 200 to Rs 99,400 per 10 grams in the national capital on Thursday following fresh buying by stockists and jewellers and a weak dollar, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity took a U-turn from the historic Rs 1 lakh-mark and declined Rs 2,400 to Rs 99,200 per 10 gram on Wednesday. Gold of 99.5 per cent purity also increased Rs 200 to Rs 98,900 per 10 grams against the previous close of Rs 98,700 per
Mumbai, Apr 24 (PTI) Equity benchmark indices Sensex and Nifty ended lower on Thursday amid profit-taking after a seven-day rally and disappointing earnings from Hindustan Unilever. Selling in blue-chips ICICI Bank, Bharti Airtel and a largely muted trend in Asian and European equities also dragged the markets lower. The 30-share BSE benchmark declined 315.06 points or 0.39 per cent to settle at 79,801.43. During the day, it dropped 391.94 points or 0.48 per cent to 79,724.55. The NSE Nifty went
Mumbai, Apr 24 (PTI) Equity benchmark indices Sensex and Nifty declined in early trade on Thursday amid profit-taking after a seven-day rally and muted trend in Asian markets. The 30-share BSE benchmark declined 242.01 points to 79,874.48 in early trade. The NSE Nifty went down by 72.3 points to 24,256.65. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent and the Nifty jumped 1,929.8 points or 8.61 per cent. From the Sensex firms, Eternal, Bharti Air
WASHINGTON, April 23 (Reuters) The direct hit from tariffs introduced by Donald Trumps administration on India could shave off between 0.2-0.5 percentage points from GDP growth, the countrys Finance Secretary Ajay Seth said on Wednesday. Now there is a sign of thatwe grow about 6.5% in the current year, said Seth, speaking at a Hudson Institute event on the sidelines of the Spring Meetings of the International Monetary Fund and World Bank in Washington. Second order (effects) would be important
Mumbai, Apr 23 (PTI) Rupee depreciated 15 paise to 85.34 against the US dollar in early trade on Wednesday, after the American currency recovered supported by Donald Trumps softened stance particularly towards the Federal Reserve and against China. Forex traders said the market found support after Trump on Tuesday backed off from threats to fire FED Chair Jerome Powell after days of intensifying criticism against him for not cutting rates. Trump also signalled the possibility of lower tariffs a
Mumbai, Apr 22 (PTI) Equity benchmark indices Sensex and Nifty climbed in early trade on Tuesday as investors sentiment remained buoyant amid continuous foreign fund inflows and buying in blue-chip bank stocks. The 30-share BSE benchmark Sensex climbed 319.89 points to 79,728.39 in early trade. The NSE Nifty went up by 76.1 points to 24,201.65. From the Sensex firms, Eternal, Tata Steel, Kotak Mahindra Bank, HDFC Bank, Tech Mahindra and Mahindra & Mahindra were among the biggest gainers. IndusIn
April 22 (Reuters) U.S. President Donald Trumps administration intends to press India to give online retailers such as Amazon and Walmart full access to its $125 billion ecommerce market, the Financial Times reported on Tuesday, citing industry executives, lobbyists and U.S. government officials. The U.S. plans to push Prime Minister Narendra Modis government for a level playing field on ecommerce in wide-ranging talks on a U.S.-India trade agreement set to also cover sectors from food to cars,
Mumbai, Apr 21 (PTI) The rupee sustained its rally for the fifth straight session and settled with gains of 25 paise at 85.13 (provisional) against the US dollar on Monday, boosted by a sharp fall in the dollar index and a surge in the domestic equities. The dollar index has breached the 99 mark and is trading at its lowest level in three years. Moreover, fresh foreign fund inflows and decline in crude oil prices also favoured the rupee, forex traders said. At the interbank foreign exchange, the
Mumbai, Apr 17 (PTI) The rupee rallied for the fourth straight session and rose 10 paise to 85.54 against the US dollar in early trade on Thursday amid a renewed inflow of foreign funds in domestic equities and a weak American currency. However, subdued equity market sentiment and a slight recovery in crude oil prices put the local currency under pressure, according to forex traders. At the interbank foreign exchange, the domestic unit opened at 85.48 and slipped to 85.54 against the greenback i
Mumbai, Apr 7 (PTI) The rupee declined 19 paise to 85.63 against the US dollar in early trade on Monday, facing the heat of the global trade war triggered by the US reciprocal tariff and Chinas retaliatory move that also crashed equity markets worldwide to their record lows. According to forex traders, a steep decline in crude prices and a weaker American currency failed to support the domestic currency amid the incessant foreign fun outflows in line with the global sell-offs. Meanwhile, they sa