News Overview

The Indian Rupee stayed supported, holding onto the recent gains amid sliding US dollar and firm local equities. INR closed at 73.92 per US dollar, up 3 paise on the day. The State Bank Of India (SBI), in its latest research update of Ecowrap has noted that the Q3 of current fiscal has witnessed a visible expansion in credit growth across sectors. The incremental CD […]

The tapering inflation trend between May and September this year was progressively reversed between October and December. Most of the pressure came from food prices.

COMEX Copper futures spiked, extending a recent bounce above $4.50 per pound mark as firm equities and weakness in the US dollar boosted the metal. The counter jumped 3% to $4.56 per pound, hitting its two and half month high mark. MCX Copper futures also zoomed up and closed 2.14% at Rs 756 per kg. Industrial production unexpectedly jumped across the Eurozone in November; official […]

COMEX Gold futures continued to soar above $1800 per ounce as a tumble in the US dollar pushed up all commodities. Inflationary worries also boosted the meta. The Labor Department on Wednesday showed the annual rate of US consumer price growth once again reached the highest level in almost 40 years in December. The report showed the annual rate of consumer price growth surged to […]

The crude oil stockpiles fell to their lowest levels since October 2018, the Energy Information Administration (EIA) said on Wednesday. The US Crude inventories dropped by 4.6 million barrels in the week to January 7 to 413.3 million barrels. US crude inventories have dropped for seven consecutive weeks. However, the US gasoline stocks rose by 8 million barrels in the week to 240.8 million barrels. […]

The Labor Department on Wednesday showed the annual rate of US consumer price growth once again reached the highest level in almost 40 years in December. The report showed the annual rate of consumer price growth surged to 7% in December from 6.8% in November, showing the biggest yearly jump since June of 1982. Core consumer prices, which exclude food and energy prices, were up […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 136 points at the opening bell. On the macro front, Indias retail inflation rose sharply to 5.59% in the month of December from 4.91% in November, pushed up by rising prices of manufactured items, data released by the government showed on Wednesday. Inflation as measured by […]

Here is the important stock market news to watch out for today.

Mixed results from IT majors will see reaction both on the up and downside as Infosys beats estimates while Wipro misses.

Check out the stocks that will be in focus during trade today based on recent and latest news developments.