Category: Market

oil prices

Oil is easing after previously soaring due to Russian sanctions against EU companies

Early Asian trade on Thursday saw oil prices fall after surging more than 5% the previous session in response to new Russian sanctions on some European gas companies. Russia sanctioned 31 enterprises headquartered in countries that placed sanctions on Moscow following Russia’s February invasion of Ukraine. At the same time, Russian gas flows to Europe via Ukraine plummeted by a […]

Oil prices rise

Oil prices rise on supply concerns as Ukraine crisis deepens

Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia. Brent futures were up $1.50, or 1.3%, at $113.20 a barrel at 0030 GMT, and U.S. West Texas Intermediate futures rose 98 cents, or 0.9%, to $107.93 a barrel. […]

Gold heads for weekly gain

Gold heads for weekly gain as US stocks slide

Gold headed for a weekly advance as US equities fell after Meta Platforms, Inc. suffered a historic share-price rout, while investors awaited a key jobs report for more clues on the US Federal Reserve’s (Fed’s) monetary policy path. The Facebook parent plunged 26 percent on Thursday on the back of woeful earnings results, erasing about $251 billion in market value in the biggest one-day wipeout […]

India to be the 5th largest market globally by 2024

By Administrator_India Capital Sands New initial public offerings will help add $400 billion to the overall market capitalization over the next three years, an American brokerage said on Monday. The estimate comes on the back of a surge in IPO activity in the last few months, which has seen companies raise $10 billion from public markets since the beginning of […]

Sensex slips 127 points, Nifty ends session at 17,355

By Administrator_ India Capital Sands Equity benchmark Sensex dropped 127 points on Monday, weighed by losses in index heavyweights Reliance Industries, ICICI Bank, and HDFC Bank. The 30-share BSE index ended 127.31 points or 0.22 percent lower at 58,177.76, while the broader NSE Nifty slipped 13.95 points or 0.08 percent to 17,355.30. RIL was the top loser in the Sensex […]

Infosys becomes 4th Indian company to touch $100 bn market capitalization

By Administrator_ India Capital Sands Infosys on Tuesday became the fourth Indian company to touch a market valuation of $100 billion. The IT services major has joined the league of TCS, Reliance Industries, and HDFC Bank for crossing the $100 billion mark in terms of market capitalization. The milestone was achieved during the morning trade when the scrip was trading at its 52-week […]

Oil prices steady after US call for more oil raises supply

By Administrator_ India Capital Sands Oil prices were steady on Thursday following two days of gains after a call from the United States, the world’s top oil consumer, for major producers to boost output reinforced supply concerns as economies ease their coronavirus restrictions. Brent crude futures edged higher by 5 cents to $71.49 a barrel by 0216 GMT while U.S. […]

Sensex sheds 586 points over Covid-19 surge in biggest drop since April 30

By Administrator_ India Capital Sands The benchmark indices on Monday declined along with Asian and European peers as investors were worried by the surge in Covid-19 cases and rising inflation. The benchmark Sensex fell 586 points to end the session at 52,553, a decline of 1.10 percent in the biggest single-day fall since April 30. The Nifty tumbled 171 points to end the session […]

Asian stocks rise with bond yields as Fed outcome boosts risk sentiment

Sensex Opens Flat; M&M, ICICI Bank Top Gainers, TCS, Infosys Weak

By Administrator_ India Capital Sands The domestic stock markets have opened on a cautious note due to mixed global trends. Asian markets are mixed in early trading and trends on SGX Nifty indicate a cautious opening for the Nifty in India, with a 9-points gain. As of 9:20 am, the BSE Sensex is trading at 52,508.35, lower by 11 points […]

Sensex, Nifty Likely To Have A Cautious Opening

By Administrator_ India Capital Sands The Indian stock markets are likely to open mildly in the green, extending the gains witnessed in Friday’s session. Trends on SGX Nifty indicate a positive opening for the Nifty in India, with a 25-point gain. At 7:30 am, the Nifty futures were trading at 15,896, higher by 25 points or 0.15 percent, on the […]