News Overview

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The US National Association of Realtors released a report on Wednesday showing existing home sales saw further downside in the month of March. NAR said existing home sales slumped by 2.7 percent to an annual rate of 5.77 million in March after plunging by 8.6 percent to a downwardly revised rate of 5.93 million in February. With the continued decrease, existing home sales continued to […]

Net Profit Margins improved following debt repayments made by the company.

The Indian Rupee bounded as a drop in crude oil worked in favor of the INR. The INR gained 29 paise to 76.21 per US dollar. The benchmark indices closed with major gains on Wednesday, breaching five-day losing streak. The barometers had fallen nearly 5% in five trading sessions since 8 April 2022. Auto, oil & gas and IT scrips boosted the market while bank […]

The US Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 15. This compared with an inventory increase of 9.4 million barrels for the previous week. At 413.7 million barrels, the EIA said, inventories were 15 percent below the five-year average for this time of the year. The EIA reported an inventory draw of 800,000 barrels […]

Copper stayed under pressure on global economic growth worries, testing around $4.60 per pound though advanced in DOW capped losses. The Dow added to the strong gain posted on Tuesday and pushed up Copper from intraday lows. The red metal currently trades flat at $4.65 per pound. With the downward revision in global economic growth estimates, the near term outlook seems to have gotten affected […]

COMEX Gold futures slipped to a one week low of $1940 per ounce in last session amid continued recovery in US equities. However, some weakness in the US dollar index capped losses and the metal currently quotes at 1955 per ounce, almost unchanged on the day. The Russia-Ukraine war continues to offer good support to Gold though worries over retail demand in India stay in […]

With the Federal Reserves next monetary policy meeting looming, the central bank released its Beige Book on Wednesday. The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, said U.S. economic activity has expanded at a moderate pace since mid-February. Powered by Commodity Insights

Infosys: Infosys announced that it has completed the acquisition of oddity, a Germany-based digital marketing, experience, and commerce agency. Tata Consultancy Services (TCS): TCS announced that it is now a Microsoft Cloud for Financial Services partner. Tata Elxsi: The design led technology service provider reported 38.95% rise in net profit to Rs 160.01 crore on 31.51% increase in revenues from operations to Rs 681.73 crore […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 85 points at the opening bell. Global markets: Overseas, Asian stocks are trading mixed on Thursday as investors continue to watch Chinas Covid situation along with moves in the Japanese yen. Investors are watching for signs of policy support from Chinese authorities as the mainland continues […]