According to commodity market experts, the gold price rally may continue in FY25 as the US Fed is expected to declare three interest rate cuts in 2024. So, there would be three US Fed rate cuts in the first nine months or say first three quarters of FY 2024-25. TheyRead More →
Brent crude futures for May were down 68 cents, or 0.8 per cent, to $85.27 per barrel after dropping by 1.6 per cent on Wednesday. US West Texas Intermediate futures for May were down 69 cents, or 0.9 per cent, to $80.58 per barrel after a fall of about 1.8Read More →
Gold rate today: On account of three US Fed rate cut buzz in 2024, gold price extended its Wednesday evening rally on Thursday morning deals. Gold futures contract on the Multi Commodity Exchange (MCX) for the April 2024 expiry opened higher at ₹66,100 per 10 gm and went on touchRead More →
Nifty 50 vs GDP of India: The key benchmark indices of the Indian stock market surged to a new high after India’s Q3 GDP growth saw an impressive growth rate of 8.4% driven by robust manufacturing, highlighting the inherent strength and potential of our economy. However, the domestic equities gotRead More →
Gold rate today: Despite commitments in the US Fed meeting to maintain a high-interest rate regime, gold price finished more than 0.75 percent higher in the week gone by. Gold future contract on the Multi Commodity Exchange (MCX) for February 2024 expiry ended at ₹63,200 per 10 gm level, clockingRead More →
March Brent crude futures, which are due to expire on Wednesday, fell 52 cents, or 0.6 per cent, to $81.88 a barrel. The more active April contract was down 50 cents, or 0.6 per cent, at $81.33. US West Texas Intermediate crude lost 29 cents, or 0.4 per cent, toRead More →
Gold rate today: On account of rate cut buzz in the upcoming US Fed meeting scheduled from 30th to 31st January 2024, gold price today witnessed some buying interest during early morning deals. In the early morning session, the MCX gold rate opened higher at ₹62,080 per 10 gm levelRead More →
Domestic equity benchmarks Nifty 50 and Sensex logged their worst performance since the week ending October 27 dragged by information technology (IT) stocks – culminating in a second consecutive week of losses. The frontline indices fell about 1.3 per cent each over the three sessions in the last holiday-truncated week,Read More →
FPIs have bought ₹42,733 crore worth of Indian equities and the total inflow stands at ₹51,787 crore as of December 15, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. FPIs heavily bought stocks in banking and IT segments, according to analysts. “ARead More →
The Sensex rose over 955 points to its new high of 70,540, whereas the broader Nifty50 index advanced 263 points to its record high of 21,189.55. The US Federal Reserve has opted to maintain unchanged interest rates and has additionally signaled the likelihood of three quarter-point cuts to the benchmarkRead More →
