Mumbai, A continuous rise in global crude oil prices, along with caution ahead of key micro-economic data to be released later in the day, dragged the Indian equity market into the red on Friday. The benchmark Brent crude prices rose over 0.5 per cent to cross the $62 a-barrel-mark. Stocks[Read More…]
Tag: crude oil prices
Sensex ends 106 points lower over declining banking stocks
Mumbai, Sensex and Nifty ended lower on Thursday over a sharp rise in crude oil prices and decline in banking stocks. Brent crude futures on Thursday surpassed the $61-a-barrel mark around the closing bell. The Indian currency followed suit and weakened to Rs 70.54 per dollar after closing at 70.46.[Read More…]
Sensex opens in green, all eyes on Fed
Mumbai, Amid mixed Asian cues and falling crude oil prices, the domestic indices opened in the green on Wednesday. The Sensex of the BSE opened at 36,441.46 from its previous close at 36,347.08 on Tuesday as investors were cautious of the ongoing Federal Open Market Committee (FOMC) meeting that was[Read More…]
Petrol, diesel price likely to go up as government plans to increase excise duty
New Delhi: As per reports the Central government led by PM Modi is planning to increase the excise duty by two rupees in a day or two which can cause a sudden increase in petrol-diesel price. The excise duty was reduced by one rupee in October by the central government[Read More…]
Rupee hits fresh all time low; closes at 72.98
The latest global trade protectionist measures, along with high crude oil prices, dragged the Indian rupee to a fresh low of 72.98 per US dollar on Tuesday. At 5 p.m., the rupee closed at 72.98 per greenback from its previous close of 72.51 per dollar. It had opened at 72.60[Read More…]