Page 1994 - Business Finance
Strong market breadth
Stocks trimmed gains in morning trade after an upbeat start. At 10:25 IST, the barometer index, the S&P BSE Sensex, was up 162.16 points or 0.46% at 35,113.08. The Nifty 50 index was up 43.80 points or 0.42% at 10,567.80. The Sensex was trading above the psychological 35,000 level after regaining that level in opening trade.
India pledges contributions of USD 13.36 mln for UN agencies, development activities
India pledged contributions of USD 13.36 million for the various UN agencies and development activities, emphasising that the world organisation should have the necessary resources to finance its activities in a balanced manner. During the 2018 United Nations Pledging Conference for Development Activities here Monday, First Secretary in India's Permanent Mission to the UN Mahesh Kumar said India has been a regular contributor to the UN since its founding and believes that the UN should have the necessary resources to finance its activities, in an appropriate and balanced manner. India's pledged contributions include USD 4.5 million to the UN Development Programme, five million dollars to the UN Relief and Works Agency for Near East, USD 1.92 million to the World Food Programme. USD 790,000 to United Nations Children's Fund, USD 500,000 to UN Population Fund, USD 150,000 to UN Commission on Human Settlements Programme and USD 100,000 each to UN Voluntary contribution for Financial and .
Gold prices inch down; all eyes on U.S. midterm elections
BENGALURU (Reuters) - Gold prices edged lower in early Asian trade on Tuesday as the dollar strengthened, while investors awaited U.S. midterm election results for market direction.
Key indices open in green
The 30-scrip S&P BSE Sensex on Tuesday opened in the green tracking similar global cues.
Oil drops on Iran sanction exemptions, economic concerns
SINGAPORE (Reuters) - Oil prices slipped on Tuesday, weighed down by exemptions from Washington that will allow Iran's biggest oil customers to keep buying from Tehran, as well as concerns that an economic slowdown may curb fuel demand growth.
Power Grid Corp gains after decent Q2 results
Power Grid Corporation of India rose 1.69% to Rs 189 at 9:21 IST on BSE after net profit rose 7.9% to Rs 2309.49 crore on 14.2% increase in net sales to Rs 8283.03 crore in Q2 September 2018 over Q2 September 2017.
Sensex regains 35,000
Domestic stocks saw a positive opening led by buying demand in index pivotals. At 9:21 IST, the barometer index, the S&P BSE Sensex, was up 172.87 points or 0.49% at 35,123.79. The Nifty 50 index was up 54.60 points or 0.52% at 10,578.60. The Sensex regained the psychological 35,000 level in opening trade.
China's services imports to exceed $2.5 tn in 5 years
China's cumulative services imports are expected to exceed $2.5 trillion in the next five years, a Ministry of Commerce (MOC) report said on Tuesday.
Rupee recovers 21 paise to 72.91 against US dollar
The rupee recovered 21 paise to 72.91 against the US dollar early Tuesday on increased selling by exporters. The dollar's weakness against some currencies overseas and a better opening of the domestic equity market also supported the rupee, dealers said,. At the interbank forex market, the rupee opened strong at 72.98 and advanced further to trade at 72.91, reflecting a rise of 21 paise over its previous close of 73.12 against the dollar. On Monday, the Indian rupee tumbled 67 paise to close at 73.12 against the US dollar on increased demand for the American currency from importers and unabated foreign fund outflows. Meanwhile, the benchmark Sensex rose 118.44 points, or 0.34 per cent, to 35,069.36 in opening trade Tuesday.
Global Markets: Asian shares wobble, investors brace for U.S. elections
TOKYO (Reuters) - Asian shares wobbled on Tuesday, supported by Wall Street gains although sentiment was tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump's big tax cuts and hostile trade policies.
Power Grid Corporation of India in spotlight after Q2 results
Power Grid Corporation of India's net profit rose 7.9% to Rs 2309.49 crore on 14.2% increase in net sales to Rs 8283.03 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours yesterday, 5 November 2018.
Market may edge higher in early trade
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 32 points at the opening bell.
Oil slips on worries that economic slowdown could weigh on fuel demand
SINGAPORE (Reuters) - Oil prices slipped on Tuesday as concerns that an economic slowdown may curb fuel demand growth overshadowed the reintroduction of sanctions on Iran.
Fuel prices continue to slump on Tuesday
Petrol and diesel prices in New Delhi witnessed a fall of 14 paise and 9 paise respectively on Tuesday as compared to Monday.Petrol is now being sold at Rs 78.42 per litre, while diesel is being retailed at Rs 73.07 per litre in the national capital.In Mumbai, the prices of petrol and diesel are Rs 83.92 per litre (decrease by Rs 0.14) and Rs 76.57 per litre (decrease by Rs 0.10), respectively.Fuel prices had earlier witnessed a relentless hike in the country, burning a hole in the commuter's pocket.In this regard, Union Finance Minister Arun Jaitley had on October 4 announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre and urged respective state governments to slash the same amount at their end.
US stocks end mixed ahead of midterm elections
US stocks closed mixed as investors got ready for the upcoming midterm elections.
Asian shares inch up, investors brace for U.S. elections
TOKYO (Reuters) - Asian shares ticked up in early Tuesday trade, supported by Wall Street gains although sentiment was tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump's big tax cuts and hostile trade policies.
U.S. renews Iran sanctions, grants oil waivers to China, seven others
WASHINGTON (Reuters) - The United States snapped sanctions back in place on Monday to choke Iran's oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.
Trump says he wants to go slower on sanctions for Iran's oil
JOINT BASE ANDREWS, Md. (Reuters) - U.S. President Donald Trump on Monday said he wants to impose sanctions on Iran's oil gradually, citing concerns about shocking energy markets and causing global price spikes.
US dollar falls against most major currencies
The US dollar slid against most other major currencies as investors were concerned over the volatility for global markets that brought about by the US midterm elections scheduled on Tuesday.
U.S. stocks edge higher ahead of midterms, Fed; dollar falls
NEW YORK (Reuters) - Energy and financial stocks pushed U.S. equities higher on Monday, on the eve of U.S. midterm elections to determine whether President Donald Trump's Republican Party retains control of the U.S. Congress and ahead of a meeting of Federal Reserve policy makers.