MUMBAI: The US central bank’s aggressive move on Wednesday to cut interest rates by a half percentage point could turn out to be a tailwind for the Indian economy.It could help increase the flow of foreign funds into Indian markets, aid the rupee’s stability and fuel the current bull rally, top govt officials, economists and…
NEW DELHI: Equity benchmark indices, Sensex and Nifty opened on a negative note on Monday following Asian markets trends and global cues.Sensex opened at 80,973.75 down by 210 points (0.26%) while Nifty was down by 28 points at 24,823 points.NTPC, Adaniport, Tata Steel, Powergrid and Tata Motors were the major loser among the Sensex while…
Gold prices touched a record high on Monday after data showed that U.S. inflation moderated in February, boosting bets for the Federal Reserve‘s June interest rate cut. FUNDAMENTALSSpot gold rose 1% at $2,255.39 per ounce, as of 0103 GMT. Bullion hit a record high of $2,256.09 per ounce earlier in the session. U.S. gold futures…
