Business

Gold prices traded lower in futures markets on Friday, tracking weak global cues and softer spot demand.Data from the Multi Commodity Exchange (MCX) showed that the June contract fell by Rs 1,363, or 0.89%, to Rs 1,52,071 per 10 grams, with a business turnover of 2,219 lots. Analysts attributed the decline to subdued global trends….

Jefferies’ global equity strategist Christopher Wood has said that Pakistan’s ongoing equity rally reflects a high-beta, IMF-driven trading opportunity rather than a structural shift, while maintaining that India remains his core long-term investment bet, backed by stronger fundamentals and improving valuations.In his latest GREED & fear newsletter, the India bull said Pakistan’s market offers opportunities…

Following RBI’s restrictions, the rupee has rebounded more than 2 per cent to 92.66 against the dollar as of Thursday. (AI image) The Reserve Bank of India’s move to stem rupee’s fall may end up acting as a deterrent for global investors. The central bank’s most aggressive push in nearly a decade to stabilise the…

Asian shares rallied in early trade on Friday after investors reacted positively to easing geopolitical fears and a modest recovery in global risk sentiment following developments in Middle East peace efforts.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5%. Japan’s Nikkei 225 added 1.5%, while South Korea’s Kospi climbed 1.9%, leading regional advances. S&P…

Strait of Hormuz (AP image) The Strait of Hormuz, which links the Gulf of Oman with the Persian Gulf, has become the focal point of global energy tensions since the war began on February 28.Ever since Iran and the US announced a two-week ceasefire, traffic through the critical waterway has remained severely restricted, with as…

MUMBAI: Sensex could hit 95,000 points by Dec according to a Morgan Stanley report. They are banking on a handful of tailwinds, which they believe, are set to support a strong bull rally in Indian stocks. The sensex target level has a 50% chance while there’s a 20% probability that it could run past the…

Stock market today (AI image) Stock market today: Indian equity benchmarks, Sensex and Nifty50, opened in green in trade on Friday after a day of losses on Thursday. While Nifty50 went above 23,900, BSE Sensex was up over 400 points, crossing the 77,000 mark. At 9:16 AM, Nifty50 was at around 23,921.05, up 146 points…

Top stocks to buy (AI image) Stock market recommendations: IndusInd Bank, and IIFL Finance – these are the two stocks that Bajaj Broking Research has recommended for buying today with a one month time horizon. The brokerage has also shared its views and outlook for Nifty, and Bank Nifty.Index View: NIFTYIndian benchmark indices saw a…

Tensions persisted, with Israel continuing strikes in Lebanon, which Tehran insists should be included in the ceasefire, while there was no indication that Iran had eased its blockade of the Strait of Hormuz. A breakdown in talks and a renewed escalation in the conflict could drive up energy prices and inflation, potentially forcing the Federal…

MUMBAI: With the US-Iran ceasefire in West Asia looking fragile, sensex gave up part of Wednesday’s gains to close 931 points lower at 76,632 points on Thursday as foreign funds continued to lead the selloff. Investors around the world were skeptical about the continuation of the truce that was announced on Tuesday as Israel, a…