WTI Crude oil saw modest buying after falling below $108 per barrel on Monday. Prices tanked amid mounting fears about a possible global economic recession following severe tightening of policies by several central banks. Gains could be limited though as US rig count rises and overall mood in equities stays mixed. The number of total active drilling rigs in the United States rose by 7 […]
COMEX Silver futures saw modest gains today though overall mood remained choppy for the white metal. The white metal fell near one month low in last week before moving higher and consolidated around $21.60 per ounce amid mixed cues from equities globally. Asian stocks mostly fell on recession worries. Japanese Nikkei average dropped to a more than five-month low while South Koreas Kospi tanked to […]
The Indian rupee appreciated by 7 paise to settle at 77.98 (provisional) against the US dollar on Monday amid weakness in the greenback and as crude oil prices retreated from elevated levels. However, unabated foreign fund outflows restricted the appreciation bias in the rupee. At the interbank forex market, the local unit opened strong at 77.98 against the greenback and witnessed an intra-day high of […]
Gold is up in Asia on Monday after a pull back last week from its highest levels in more than a month. Slight weakness in the US dollar is limiting downside on the yellow metal that is holding at $1845.15 an ounce. The dollar index surged to a fresh two-decade high of 105.79 last week and is currently quoting at 104.50. Meanwhile, US treasury yields […]
The key equity indices closed with decent gains on Monday, breaching six-day losing streak. FMCG, financial services and IT scrips supported the indices while metal, oil & gas and media stocks dragged. The Nifty managed to close above 15,300 level, rising from intraday low of 15,191.10 hit in the morning trade. The barometer index, the S&P BSE Sensex, rose 237.42 points or 0.46% to 51,597.84. […]
NIIT Life Sciences, the life sciences division of NIIT, has entered into a multi-year learning services agreement with a Swiss multinational leader in healthcare.
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