Gold, silver rule high on Indian futures trade market
Business | April 07, 2020 13:15 ISTRiding positive indicators from markets abroad, gold traded on a new record high on the futures trade market in India.
Riding positive indicators from markets abroad, gold traded on a new record high on the futures trade market in India.
The trade between China and India fell 12.4 per cent year-on-year to USD 12 billion in the first two months amid the coronavirus outbreak, according to the latest data from Chinese customs.
Investor wealth dropped Rs 3,20,633.05 crore on the first day of the new financial year as selling resumed in the equity market amid rising cases of COVID-19.
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade. The Sensex of the BSE opened at 29,505.33 points and touched a high of 59,505.98. The Sensex touched a low of 29,107.98 point.
Equity benchmark Sensex was trading over 1,000 points higher in afternoon session on Wednesday after Finance Minister Nirmala Sitharaman announced a stimulus package worth Rs 1.70 lakh crore to cushion the impact of the lockdown in wake of COVID-19 pandemic.
Equity benchmark indices fluctuated between gains and losses during early hours on Wednesday as the country braced up for a three-week lockdown to break the chain of deadly COVID-19 virus. At 10:15 am, the BSE S and P Sensex was down by 36 points or
Equity benchmark indices witnessed volatility during early hours on Friday as policymakers around the world took further actions to minimise the human and economic impact of coronavirus pandemic.
Equity benchmark indices were in the negative zone during early hours on March 18 as worries about coronavirus pandemic eclipsed hopes that broad policy will easily curb the economic impact of the outbreak.
Film trade analyst, Komal Nahta stated that the film industry stands to lose Rs 750 to 800 crore owning to delayed in release of films and shooting schedules.
On the corporate front, Yes Bank will be in focus after reporting a staggering Rs 18,654-crore loss for the December quarter due to higher recognition of dud assets on the books, and an erosion of capital buffers to the brink.
A sense of anxiety among investors has developed as they see the global economy is plunging into a deep crisis due to coronavirus pandemic that has killed about 5,000 and sickened lakhs of people around the globe.
The Indian rupee plunged 82 paise to 74.50 against US dollar in opening trade on Thursday after the World Health Organization declared the new coronavirus (COVID-19) a pandemic.
The Indian rupee recovered 33 paise to 73.84 against US dollar in early trade on Wednesday amid positive opening in domestic equities and weakening of the American dollar in the overseas market.
Investor wealth plummeted by nearly Rs 5 lakh crore in early trade on Monday as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak.
The Indian rupee continued its downward journey on Monday, sliding another 16 paise to 74.03 against the US dollar in opening trade, tracking weak opening in domestic equities amid mounting fears of a coronavirus-led economic slowdown.
China's foreign trade dropped 9.6 per cent year-on-year during the first two months of this year, according to official data published on Saturday.
The Indian rupee continued its downward journey on Thursday, sliding another 5 paise to trade at 73.44 against the US dollar amid mounting fears of a coronavirus-led economic slowdown.
The trade impact of the coronavirus epidemic for India is estimated to be about 348 million dollars and the country figures among the top 15 economies most affected as the slowdown of manufacturing in China disrupts world trade.
The IMF on Wednesday said will make available about USD 50 billion through its rapid-disbursing emergency financing facilities for low income and emerging market countries that could potentially seek support on account of coronavirus.
Equity benchmark indices were flat during early hours on Wednesday as investors assessed the economic fallout from fast-spreading coronavirus.
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