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Global cues are all negative

Australian share market closed on Monday, 13 June 2022, for Queens Birthday holiday. Powered by Capital Market – Live News

Crude oil extended losses on Monday, amid demand concerns coupled with sharply higher US inflation data that pushed the greenback higher. US headline inflation rate for May rose to 8.6%, the highest since 1981, raising pressure on the Federal Reserve to stick to aggressive rate hikes while raising concern over a possible recession. Meanwhile, in China, Shanghai has imposed fresh Covid-related restrictions in several parts […]

Consumer prices in the U.S. shot up by more than expected in the month of May, according to a report released by the Labor Department. Consumer price index jumped by 1.0 percent in May after rising by 0.3 percent in April. With the bigger than expected monthly increase, the annual rate of consumer price growth accelerated to 8.6 percent in May from 8.3 percent in […]

Broad gains in the US dollar combined with rising China covid worries and ensuing lockdowns are keeping the red metal under pressure. Besides, reacting negatively to a highly anticipated report on consumer price inflation, stocks moved sharply lower during trading on Friday. The Dow slumped 880.00 points or 2.7 percent to 31,392.79, the Nasdaq dove 414.20 points or 3.5 percent to 11,340.02 and the S&P […]

Vedanta: Vedanta Limited Iron & Steel sector has ventured into International Iron ore mining operations in Liberia, West Africa through its subsidiary WCL with the Ground-breaking ceremony that was held at the Bomi iron ore mine on 8 June 2022. WCL is a wholly owned subsidiary of Bloom Fountain (BFL) which is in turn a wholly owned subsidiary of Vedanta. Coal India (CIL): Coal India […]

The Indian rupee is coming under severe pressure from broad dollar strength, elevated crude oil prices and massive sell-off of foreign fund from Indian equities. The currency that is already lingering at all-time low levels is expected to witness further weakness in opening trades on Monday, 13 June 2022. The dollar index, which tracks the greenback against six peers was 0.3% higher at 104.52, its […]

Vikas Lifecare is now eyeing Rs2,000 million Annual Sales for Agro Business on a stand-alone basis.

Watch out for these 10 stocks in today's session

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 312 points at the opening bell. Industrial activity in April jumped 7.1% year on year, according to the index of industrial production (IIP) data released by the government on Friday. In comparison, industrial growth had expanded 1.9% in March. Growth in the mining sector was 7.8% […]