Markets retreat as Iran war worries, inflation fears weigh on markets

Asian markets mostly declined on Friday as investor optimism around artificial intelligence stocks faded amid rising concerns over inflation, elevated oil prices and uncertainty surrounding the Iran war.Japan’s Nikkei 225 fell 1.2% to 61,880.04, while South Korea’s Kospi dropped 3.2% to 7,727.34 after briefly crossing the 8,000 mark for the first time.The sharp reversal came…

Read More

Stock Market Live Updates: BSE Sensex over 350 points up; Nifty50 goes above 23,800 even as global crude oil prices remain high

“Indian equity markets are expected to open on a mildly positive note, with Gift Nifty trading around 23,769, up by 40 points. Global equities traded mixed after a muted session on Wall Street, as investors remained cautious amid concerns over elevated bond yields, inflation outlook, and uncertainty surrounding the pace of global economic recovery. Market…

Read More

Gold, Silver Rate Today Live Updates: MCX Gold, MCX Silver prices drop; gold set for weekly decline in international markets

Manoj Kumar Jain told ET that gold and silver are likely to witness heightened volatility during today’s trade as markets react to movements in the dollar index and developments emerging from the summit between the US and Chinese Presidents. According to him, gold is expected to find support in the $4,634-$4,600 per troy ounce range,…

Read More

SUVs, 2-wheelers power auto sales growth in April

NEW DELHI:India’s automobile industry began FY27 with strong growth across segments, led by rising demand for SUVs and two-wheelers, even as concerns persist over higher commodity prices linked to tensions in West Asia.Domestic passenger vehicle sales rose 26% year-on-year to nearly 4.4 lakh units in April, according to data released by the Society of Indian…

Read More

Auto exporters dodge West Asia pothole

Chennai: India’s automobile exporters began the new fiscal year in buoyant form. Shipments of locally made cars, utility vehicles and two-wheelers rose at a double-digit pace in April, despite logistical snarls triggered by tensions in West Asia. For now, exporters point out that diversification across markets is cushioning the blow. Passenger vehicle (PV) exports were…

Read More