US stock markets surged on Wednesday while oil prices plunged sharply as investors bet on a possible breakthrough in US-Iran negotiations that could reopen the Strait of Hormuz and restore global crude supplies, AP reported.The S&P 500 climbed 0.8 per cent and headed towards another record close. The Dow Jones Industrial Average rose 487 points,…
Piyush Goyal and Yeo Han-Koo (File photo) India and South Korea are likely to hold negotiations on May 25 to review their Comprehensive Economic Partnership Agreement (CEPA), amid India’s push to address concerns over the widening trade deficit with Seoul, PTI reported.The CEPA between the two countries came into force in January 2010. “The officials…
Benchmark equity indices rallied sharply on Wednesday as a steep fall in crude oil prices and optimism around a possible US-Iran agreement boosted investor sentiment, PTI reported.The 30-share BSE Sensex surged 940.73 points, or 1.22 per cent, to close at 77,958.52. During the session, it climbed as much as 1,004.99 points to hit an intraday…
Markets regulator Sebi has introduced a new framework to classify stock market benchmarks as “significant indices” if mutual fund schemes tracking them have a daily average cumulative assets under management (AUM) of more than Rs 20,000 crore for each of the preceding six months, PTI reported.The move is aimed at strengthening transparency, governance and accountability…
Petrol (Gasoline) prices in the United States have surged sharply since the start of the Iran war, with the average price of regular fuel climbing to $4.48 per gallon, up 31 cents in the past week alone, AP reported citing AAA.Fuel prices are now about 50 per cent higher than before the conflict began, driven…
According to Morgan Stanley, energy, fertilizers, and defence will be the top focus areas that the government would look to shield from global uncertainties. (AI image) The Middle East conflict presents an opportunity to step up domestic investments in some targeted sectors, says Morgan Stanley in its latest report titled: India Economics & Strategy –…
Samsung Electronics saw its market value surge past the $1 trillion mark for the first time on Wednesday, riding a powerful wave of demand for artificial intelligence (AI) chips.The rally comes as the global race to build AI infrastructure accelerates, boosting chipmakers that supply high-performance memory and processors.Samsung has emerged as a key player in…
We see the current rebound in Gold to extend towards the initial resistance of $4,700 and then reverse the course, says Anand Rathi Shares and Stock Brokers. (AI image) Gold price prediction today: Any upside in gold and silver prices may face resistance at higher levels, says Vedika Narvekar, Research Analyst – Commodities & Currencies,…
NEW DELHI: Govt has notified 40 items across six sectors, including rare earth permanent magnets, capital goods, polysilicon wafers, advanced battery components and electronic capital goods and components for expedited FDI clearance for proposals coming from countries that share land border with India, a move aimed at fast-tracking approvals from Chinese companies in select segments.Besides,…
According to Siddhartha Khemka – Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, Nifty is expected to consolidate in the near term, with markets likely to remain sensitive to developments in West Asia. While, Positive domestic macros, steady Q4 earnings and intermittent FII buying has provided near-term support, elevated crude prices, currency weakness…