India’s demand for gold has reduced to half due to its soaring prices, a top industry official has said. “The country’s demand for gold has come down to less than one tonne per day, as compared to the normal demand of 2 tonnes due to its high price,” the Bombay Bullion Association (BBA) President Suresh […]
Bulls went on a rampage sending both the bellwether indices, Sensex and Nifty, to their 32-month high levels during the truncated week under review on heavy capital inflows following better-than-expected US jobs data late last weekend. The market was closed on 10th September for ‘Ramzan Id’. Buying was seen across-the-segment with the metal and banking […]
Gold futures on the COMEX Division of the New York Mercantile Exchange edged lower on Friday and capped its first weekly decline since late July, pressured by the ongoing decline in flight-to-quality mentality. Silver and platinum both softened. The most active gold contract for December delivery trimmed 4.4 dollars, or 0.4 percent, to finish at […]
US stocks ended a choppy session higher on Friday as an upbeat wholesale report helped market extend September rally. Trading was light, and major indexes seesawed before rising from early lows to close moderately higher. The recent rally in Wall Street was fueled by a string of upbeat economic reports which showed the recovery in […]
The dollar rose against most major currencies in late New York trading on Friday after China’s August trade data turned out better than expected and Japan announced it would roll out a stimulus plan. China’s General Administration of Customs said on Friday that the country’s trade surplus narrowed to 20.0 billion dollars in August, from […]
The BSE, NSE, Forex and Money market remained closed on Friday for observing “Ramzan Id”. Commodity markets like Oils & Oilseeds, Metal and Cotton also remained closed on Friday. All markets in Bangalore including commodities, vegetables and Mangalore Areca and coconut markets remain closed on Friday on account of Eid Ul Fitr.
NEW DELHI: According to the official data released by the Forward Markets Commission (FMC) turnover of 23 commodity bourses rose by 49.38 per cent to Rs 9,04,686 crore in August this year despite low business recorded during the month at the leading exchange MCX and NMCE. The turnover of all the bourses amounted to Rs […]
Continuing its winning streak for the fourth day on Thursday, the Bombay Stock Exchange benchmark Sensex shot up by 100.39 points in the opening trade, amid bullish domestic sentiment and a renewed confidence in the European market recovery after Portugal’s successful debt bond auction. The 30-share index gained 0.54 per cent to trade at 18,767.10 […]
The rupee on Wednesday appreciated by 3 paise to Rs 46.81 a dollar at the Interbank Foreign Exchange market in early trade on dollar selling by banks. However, weak opening on the stock market and dollar’s strength against other currencies, capped rupee’s gain. Forex dealers said selling of dollars by banks helped rupee to strengthen, […]
Pepper futures witnessed its usual high volatility Monday and went up on overseas bullish reports which activated the speculators, market sources said. Indian pepper production this year is likely to be lower because of deficient monsoon rains in Wayanad and diseases such as “yellowing of the leaf and quick-wilt”, a farmer told Business Line. According […]
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