Mumbai: India’s equity indices weakened on Thursday, mirroring an overnight sell-off on Wall Street, after a sharp sell-off in the American bond market pushed up the yields on long-term treasury bonds there. The NSE Nifty fell 0.8%, or 203.75 points, to finish at 24,609.70. The BSE Sensex moved 0.8%, or 644.64 points, lower at 80,951.99. … Read more
Mumbai: Net sales of Indian bonds by overseas investors surged the highest in April since the inclusion of local debt on global bond indices, reflecting the undiminished allure of higher returns in the US, and the impact of escalating tensions with Pakistan toward the latter half of the month, market experts said. Reversing four months … Read more
The Nasdaq fell on Monday, while the benchmark S&P 500 bounced off a two-month low and eked out a slight gain as U.S. Treasury yields stayed elevated with investors dialing back expectations on the pace of rate cuts from the Federal Reserve. Recent economic data have indicated a resilient economy with nagging price pressures, which … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Monday at Rs 70,999 per 10 grams and hit an intraday low of Rs 70,862. In the international market, prices hovered around $2,339.72 per ounce. Meanwhile, silver opened at Rs 81,093 per kg and hit an intraday low of Rs 80,030 on the MCX. In … Read more
NEW YORK: US Treasury yields were higher on Monday, with the benchmark 10-year Treasury yield building on three straight weeks of gains on expectations the U.S. Federal Reserve will keep interest rates at higher levels for longer than initially anticipated. Chicago Fed President Austan Goolsbee said on Monday that inflation remaining entrenched above the central … Read more