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India’s headline retail inflation eased to the lowest in a year at 4.75 percent in May 2024, according to the data released by the Ministry of statistics and programme implementation. In the previous month of April 2024, the Consumer Price Index (CPI) inflation was at 4.83 percent. The headline rate for
Major Asian indices ended mixed today. South Korea’s Kospi gained 0.84 percent, China’s Shanghai Composite Index climbed 0.31 percent. Whereas, Hong Kong’s Hang Seng tanked 1.33 percent, Japan’s Nikkei fell 0.66 percent and Singapore’s Straits Times index closed marginally lower by 0.05 percent. In the European market, major indices were trading with gains. London’s
Indian stock market has witnessed a historic surge in today. In intra-day trade, the NSE Nifty hit a fresh record high of 23,442 after gaining 170 points, while the S&P BSE Sensex rose by 525 points to reach 76,981. This surge has been attributed to the positive sentiment prevailing in the market, fueled by
In Commodity market, Gold and Silver prices were trading on the lower side on Tuesday (11th June 2024) . The precious metal, for 5th August 2024 contract, marginally down by 0.04 percent and trading at 71,406 rupees per 10 grams. On the other hand, Silver for 5th July 2024 contract, witnessed a downfall of
The Indian rupee appreciated six paise to 83.57 against the US dollar on Tuesday (11th June 2024). The US Dollar, which indicates its strength against a basket of six other leading currencies was up by 0.21 per cent at 105.37.
All three major US Indices ended in Green on Monday (11th June 2024). Nasdaq added 0.35 percent, Dow Jones Industrial Average rose 0.18 percent and S&P 500 gained 0.26 percent.
Major Asian indices showed mixed behaviour on Tuesday (11th June 2024). Japan’s Nikkei up by 0.25 percent and South Korea’s Kospi marginally up 0.15 percent. Whereas, Hong Kong’s Hang Seng tanked 1.05 percent, China’s Shanghai Composite Index slipped 0.77 percent and Singapore’s Straits Times index fell 0.39 percent. In the European market, major indices
Indian benchmark indices climbed from lower levels today as investors awaited the Federal Reserve’s policy decision and consumer price inflation data scheduled for this Wednesday. Sensex was up 363 points, or 0.47 percent, at 76,850 while Nifty climbed 125 points, or 0.53 percent at 23,383, when the reports last came in. Meanwhile, Auto and
Equity mutual funds experienced a remarkable surge in inflows, reaching a record high of 34,697 crore rupees in May. This surge marks an 83.42 percent increase from the previous month, setting a new milestone, according to data from the Association of Mutual Funds of India on Monday. Inflows into open-ended equity funds remained in the
Equity mutual funds experienced a remarkable surge in inflows, reaching a record high of 34,697 crore rupees in May. This surge marks an 83.42 percent increase from the previous month, setting a new milestone, according to data from the Association of Mutual Funds of India on Monday. Inflows into open-ended equity funds remained in the