US stocks traded near record levels on Tuesday, with the Dow Jones Industrial Average touching an intraday all-time high as falling oil prices and optimism over a US-Iran peace deal lifted investor sentiment.The Dow rose 360.77 points, or 0.70 per cent, to 52,031.80 in morning trading, setting a fresh intraday record.The S&P 500 gained 7.49…
Benchmark equity indices Sensex and Nifty continued their upward momentum for the third consecutive session on Tuesday, helped by positive global market trends, foreign fund inflows and easing crude oil prices after the reported peace deal between the US and Iran, reported PTI.The 30-share BSE Sensex gained 544.15 points, or 0.71 per cent, to close…
India’s rice stocks in government warehouses rose 15 per cent year-on-year to a record high at the start of June, while wheat inventories climbed to their highest level in five years following strong procurement from farmers, according to official data.State reserves of rice, including unmilled paddy, stood at a record 68.43 million metric tonnes as…
MUMBAI: Fintech Razorpay has filed draft IPO papers with markets regulator Sebi through the confidential route, said people familiar with the matter, joining startup peers Zepto and Prism which are headed to Dalal Street for public listings. The Y Combinator and Peak XV Partners-backed company is seeking to raise up to Rs 6,000 crore through…
NEW DELHI: In late 2020, during a pandemic-induced gap period before starting their freshman year at Stanford, Aadit Palicha and Kaivalya Vohra incorporated Kiranakart Technologies in Mumbai. After a pivot from a traditional grocery aggregator model to a hyper-local dark store network in mid-2021, they chose to officially drop out of their deferred university seats…
MUMBAI: Mercedes-Benz is set to take a fresh 1-2% price hike in India to cope with exchange rate volatility and broader war-related cost pressures even as it is pushing a new variant of its top-end S-class model into the market to widen choice for consumers amid slow EV adoption. Even though the US and Iran…
“Indian equity markets are expected to open on a mildly positive note, with Gift Nifty trading around 23,957, up by 66 points, indicating steady opening cues for domestic indices. Global markets remain largely supportive despite ongoing geopolitical developments, as investors continue to focus on resilient economic data and stable risk sentiment. However, fluctuations in crude…
Gold can extend its rally further in the short-term as oil prices remain under pressure. (AI image) Gold price prediction today: Gold prices may rise in the near-term as oil prices ease but the US Federal Reserve’s meeting is an important thing to watch, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.Gold Performance:…
More than four decades after it was first being filled, the US emergency oil stockpile has fallen to its lowest level. The Trump administration has continued drawing oil from the Strategic Petroleum Reserve (SPR) to ease the economic impact of the war with Iran, pushing the US emergency crude stockpile to its lowest level since…
The reopening of the waterway would also allow oil tankers currently stranded in the Persian Gulf to resume deliveries to consuming markets. (AI image) US-Iran peace deal signing and the full opening of the Strait of Hormuz, if it goes through, will bode well for availability of crude oil supplies globally. Crude oil supplies could…
