News Overview

Abrdn Investment Management will stop being a co-sponsor of HDFC Mutual Fund as a result of the stake sale.

Reflecting a decrease in the value of exports and an increase in the value of imports, the Commerce Department released a report showing the U.S. trade deficit widened in the month of October. The report said the trade deficit widened to $78.2 billion in October from a revised $74.1 billion in September. The wider trade deficit came as the value of exports slid by 0.7 […]

The Indian rupee is expected to stay cautious in opening trades on Wednesday, ahead of the crucial RBI monetary policy announcement later today. Meanwhile, tepid Asian equities tracking a lower end at Wall Street is also likely to keep rupee sentiments under stress. A strengthening dollar may also weigh on sentiment as investors await the outcome of next weeks Federal Reserve meeting. On Tuesday, rupee […]

Brent crude futures increased by 17 cents, or 0.2%, to reach $79.52 a barrel. The benchmark dropped below $80 in the most recent session for the second time in 2022.

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 35 points at the opening bell. The Reserve Bank of India (RBI) started its bi-monthly policy review with the Monetary Policy Committee (MPC) meeting on Monday (5 December). The policy outcome will be disclosed on today, 7 December 2022. More than the quantum of rate hikes, […]

Copper prices are trading near the flat line in early Asia on Wednesday tracking slight weakness in the dollar overseas. The red metal was seen supported as several major Chinese cities scaled back COVID-linked movement curbs and testing mandates in recent days, amid growing public ire towards the governments strict zero-COVID policy. However, overall grim global economic scenario continues to add pressure on the commodity. […]

Gold prices stay pinned near one-week lows as dollar is seen gathering momentum on expectations of further rate hikes. Investors await next weeks U.S. Federal Reserve policy meeting for clues on the pace of rate hikes. US benchmark treasury yields are up nearly 1% while dollar index that measures the greenback against a basket of currencies has recovered back 105 mark. Meanwhile, COMEX gold continues […]

Here are the top 10 stocks for today that may show price movement.

Sales rise 31.83% to Rs 575.99 crore

Crude oil inventories dropped for the fourth week in a row last week, by 6.426 million barrels, American Petroleum Institute (API) data showed on Tuesday, after dropping 7.85 million barrels in the week prior. U.S. crude inventories have grown by just 6 million barrels so far this year, according to API data. Meanwhile, crude stored in the nations Strategic Petroleum Reserves sunk by nearly 32 […]