Page 1757 - Business Finance
Abu Dhabi fund sues Goldman Sachs over Malaysian investment fund scam
An Abu Dhabi sovereign wealth fund has sued Goldman Sachs for losses linked to Malaysia's state investment fund scandal.
Sensex rises over 100 pts on firm rupee, falling crude prices
The benchmark BSE Sensex recovered over 100 points in early trade on fresh gains in bluechips like Infosys, RIL, TCS and HDFC amid rising rupee and easing crude prices. The 30-share index bounced by 134.93 points, or 0.38 per cent to 35,334.73, with sectoral indices led by IT, teck, FMCG and oil and gas stocks advancing up to 1.15 per cent. The barometer had lost over 575 points in the previous two sessions. Also, the NSE Nifty was up 36.75 points, or 0.36 per cent, at 10,636.80. Brokers said fresh buying by domestic institutional investors (DIIs) and retailers, coupled with strengthening rupee against the US dollar and falling global crude oil prices, influenced trading sentiments here. Negative Asian cues, however, capped the gains. The rupee rose by 35 paise to trade at 71.11 against the dollar in early trade at the interbank forex market Thursday. Prominent gainers were TCS, Yes Bank, ONGC, Vedanta, Wipro, HDFC, Adani Ports, RIL, IndusInd Bank, L&T, HUL, Tata Motors, ITC and ..
Market nudges higher in early trade
Key benchmark indices drifted higher in early trade. At 9:28 IST, the barometer index, the S&P BSE Sensex, was up 88.01 points or 0.25% at 35,287.81. The Nifty 50 index was up 25.25 points or 0.24% at 10,625.30.
Deepak Fertilisers gains after resuming normal business
Deepak Fertilisers & Petrochemicals Corporation rose 3.16% to Rs 169.50 at 09:28 IST on BSE after the company said that the Income tax team has left the company's offices and normal day-to-day business has resumed fully.
ITI Ltd Falls 2.85%, S&P BSE Telecom index Drops 1.48%
ITI Ltd has added 26.92% over last one month compared to 9.31% gain in S&P BSE Telecom index and 4.35% rise in the SENSEX
Intrasoft Technologies Ltd Spikes 4.99%
Intrasoft Technologies Ltd has added 15.09% over last one month compared to 1.84% fall in S&P BSE IT Sector index and 4.11% rise in the SENSEX
Asian markets steady as US takes a break
Asian equities stabilised Thursday following a modest rebound in energy and tech stocks on Wall Street, with US markets closed for the Thanksgiving holiday. But analysts warned the tepid uplift in New York Wednesday should not be interpreted as a sign of the start of a recovery from the recent carnage on global stock markets. Investor sentiment remains fragile following the volatility that has swept markets since October, while the OECD has warned the world economy has peaked and faced a slowdown as it confronts the Trump administration's trade war and tighter monetary conditions. Crude prices resumed their downward trajectory Thursday, after a brief recovery on Wednesday. Crude prices have fallen by almost 30 per cent from four-year highs touched at the start of October. Oil analysts attribute the pullback to high supply as well as a weakening global growth outlook. "This half-hearted recovery effort should not be confused with anything other than pre-holiday scramble doing little ...
Rupee rises 35 paise to 71.11 against US dollar
Rising for the seventh straight day, the rupee strengthened by 35 paise to 71.11 against the US dollar in early trade Thursday on the back of falling crude oil prices. Traders said dollar's weakness against some currencies overseas and increased selling of the greenback by exporters and banks also supported the rupee. They said fresh foreign fund inflows and a steep fall of nearly 7 per cent in global crude prices to one-year low on Tuesday buoyed rupee sentiments. At the interbank forex market, the rupee opened higher at 71.12 and rose further to quote at 71.11, showing a rise of 35 paise over its previous close of 71.46 against the dollar on Tuesday. The rupee had gained 21 paise to end at 71.46 against the US dollar Tuesday. In the last six trading sessions, the domestic unit has gained 143 paise. Forex market remained shut Wednesday on account of Eid-e-Milad. Meanwhile, the benchmark BSE Sensex was up by 82.53 points, or 0.23 per cent, to 35,282.33 in opening trade.
Fuel prices dip again, petrol at Rs 75.97 per litre in Delhi
In a relief to the consumers, fuel prices were again slashed up to 43 paise per litre on Thursday, owing to a reduction in the rates of crude oil in the global market.The petrol price was reduced by 40 paise to 43 paise per litre in all four metro cities, while the rate of diesel has witnessed a dip of 30 to 48 paise per litre.After the revision of the prices, petrol in Delhi is being sold at Rs 75. 97 per litre, while diesel costs Rs 70.97 per litre. In Mumbai, petrol is being retailed at Rs 81. 50 per litre and diesel at Rs 74.34 litre.Similarly in Chennai and Kolkata petrol after the revision of price costs Rs 78.88 per litre and Rs 79.31 per litre respectively.The dip in fuel price come after the United States recently softened its stand on Iran's sanctions and allowed eight countries to continue importing oil from Iran temporarily. These countries are India, China, South Korea, Japan, Turkey, Italy, the United Arab Emirates, and Taiwan.
Oil dips on swelling U.S. stocks, but expected OPEC supply cut stems losses
SINGAPORE (Reuters) - Oil prices dipped on Thursday after U.S. crude inventories increased to their highest level since December 2017 amid concerns of an emerging global glut, although an expected supply cut by producer cartel OPEC prevented further drops.
Japan Stocks trade mixed
U.S stocks finished higher on Wednesday. On Wall Street, the Dow Jones Industrial Average closed largely flat at 21,464.69 while the S&P 500 rose 0.3% to 2,649.93. The Nasdaq Composite also advanced 0.9% to close at 6,972.25. In economic news, jobless claims rose to 224,000 and durable goods orders fell 4.4%. U.S. financial markets are closed for Thanksgiving on Thursday.
Australia Market rebounds from two-year lows
U.S stocks finished higher on Wednesday. On Wall Street, the Dow Jones Industrial Average closed largely flat at 21,464.69 while the S&P 500 rose 0.3% to 2,649.93. The Nasdaq Composite also advanced 0.9% to close at 6,972.25. In economic news, jobless claims rose to 224,000 and durable goods orders fell 4.4%. U.S. financial markets are closed for Thanksgiving on Thursday.
Indices may open higher
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 16 points at the opening bell.
Deepak Fertiliser may gain after resuming business
Deepak Fertiliser and Petrochemicals Corporation said that the Income tax team has left the company's offices and normal day-to-day business has resumed fully. The announcement was made after market hours yesterday, 21 November 2018.
Singapore Q3 GDP growth well below f'cast, trade frictions dent outlook
SINGAPORE (Reuters) - Singapore's economy expanded at a much slower pace than initially thought in the third quarter, with the government flagging further moderation in the current quarter and warning that the U.S.-Sino trade war will hurt growth in 2019.
China's central bank suspends operations
The People's Bank of China (PBOC) suspended open market operations on Thursday, citing abundant liquidity in the financial system.
US stocks close mixed amid tech rebound, data
US stocks closed mixed as investors saw tech shares rebounded and economic data came out weaker than expected.
Global stocks: Asian shares tick up but growth worries keep investors on edge
SYDNEY (Reuters) - Asian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising U.S. interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth.
Oil prices pressured by rising US crude stocks, but expected OPEC supply cut supports
SINGAPORE (Reuters) - Oil markets started Thursday timidly, with rising U.S. crude inventories pressuring prices but an expected supply cut by producer cartel OPEC offering some support.
Global markets: Asian shares edge up but sentiment fragile on growth worries
SYDNEY (Reuters) - Asian shares stepped ahead cautiously on Thursday while oil rebounded from a steep sell-off, though rising U.S. interest rates and escalating trade tensions kept financial markets on edge amid signs of slackening global growth.