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The Indian rupee pared initial losses to settle 4 paise higher at 76.53 against the US dollar on Thursday, tracking positive domestic equities. However, the appreciation bias in the local unit is likely to be capped in the near term amid strong American currency, inflationary concerns and fears about an aggressive pace of the US rate hikes. At the interbank forex market, the rupee opened […]

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The US Working gas storage was 1,490 billion cubic feet in the week ending April 22, a net increase of 40 billion cubic feet from the previous week, the US Energy Information Administration (EIA) said in a report on Thursday. The total working gas storage decreased by 21.4 percent from this time last year, or down 17 percent from the five-year average, according to the […]

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COMEX Copper futures lingered around a three month low of $4.40 per pound as the US economic activity contracted in the first quarter of 2022, according to a report released by the Commerce Department on Thursday. The report said real gross domestic product declined by 1.4 percent in the first quarter after spiking by 6.9 percent in the fourth quarter of 2021. A rising trend […]

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Axis Bank: Axis Banks net profit rose 54% to Rs 4,117.77 crore on 16% increase in total income to Rs 21,999.58 crore in Q4 March 2022 over Q4 March 2021. Vedanta: Vedanta reported 10% drop in consolidated net profit to Rs 5,799 crore on a 41% increase in revenue from operations to Rs 39,342 crore in Q4 FY22 over Q4 FY21. The companys board has […]

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SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 79 points at the opening bell. Global markets: Overseas, Asian stocks are trading higher on Friday following big gains overnight on Wall Street. Markets in Japan are closed on Friday for a holiday. Wall Street ended sharply higher on Thursday after a strong quarterly report from […]

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