IBT Business Desk

Articles by IBT Business Desk

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Rupee up 26 paise at open as RBI support boosts sentiment

Rupee up 26 paise at open as RBI support boosts sentiment

On November 21, the rupee had slipped to a record low of 89.49 against the dollar. The fall was driven by foreign investor outflows from Indian equities, uncertainty around a possible US-India trade deal, and a lack of visible intervention from the RBI at that time. 1 hour ago
Gold prices slide 1 pc on MCX as Fed Rate cut hopes fade

Gold prices slide 1 pc on MCX as Fed Rate cut hopes fade

The latest US job market data reduced expectations of a 25-basis-point rate cut by the Federal Reserve in December, which has been a key reason behind the correction in prices. The strong economic data pushed the US dollar index to nearly a six-month high on Friday. 1 hour ago
Indian stock market rally continues for 3rd consecutive day, Sensex jumps 213 points

Sensex, Nifty open slightly higher; IT stocks lead early market gains

"With the index still trading above its 20, 50, and 200 EMAs, the broader trend stays positive. Key resistance levels are placed at 26,100 and 26,250, while support stands at 26,000 and 25,900, supporting a buy-on-dips approach with disciplined stop-losses," they added. 1 hour ago
Sensex, Nifty end higher as US-China deal hopes boost sentiment

Q2 GDP data, global signals to drive domestic indices this week

Domestic equity indices edged 0.68 and 0.50 per cent higher last week to close at 26,068 and 85,231, respectively. The upward momentum was supported by stronger second-quarter (Q2) earnings, easing inflation and optimism around the India-US trade negotiations. 1 day ago
India's IPO market poised to raise $20 billion in next 12 months

PhysicsWallah shares extend losses for 3rd straight session

Analysts said traders should adopt a cautious investment strategy as the newly listed stock remains highly volatile. The stock saw sharp swings during the day. It initially surged more than 5 per cent to Rs 149.59 apiece but later erased all gains and slipped over 2 per cent to Rs 139.07 apiece by 1:46 pm. 2 days ago
Gold prices drop significantly over strong US jobs data

Gold prices drop significantly over strong US jobs data

MCX Silver December contracts dipped 2.17 per cent or Rs 3,349 to Rs 1,50,802 per kg. The price of 10 grams of 24-carat gold was at Rs 1,22,149 down from Rs 1,22,881 on Thursday, according to data published by the India Bullion and Jewellers Association (IBJA). 2 days ago
Indian stock market closes higher in volatile session amid fresh US tariff concerns

Sensex, Nifty end near record highs as financials lead rally

The Sensex rose 0.52 per cent, or 446.21 points, to close at 85,632.68 after touching an intra-day high of 85,801.70. Strong buying in Financials and Oil & Gas stocks, along with positive global cues, boosted overall market sentiment. 3 days ago
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