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Dollar near 2-month high vs yen, Chinese yuan scales 3-year high
By Administrator_ India Capital Sands The dollar held near a two-month high against the yen on Monday after a key measure of U.S. inflation showed stronger price gains than expected, keeping alive expectations of an eventual tapering in the Federal Reserve’s asset buying. The Chinese yuan, which has been supported by a strong economic recovery, […]
Rising stock markets amid GDP contraction
By Administrator_ India Capital Sands The central bank, in its annual report, has issued caution over the meteoric rise in stock prices at a time when the country’s GDP has contracted. India’s benchmark indices have more than doubled from the post-pandemic lows made in March 2020. Several individual companies have seen a multi-fold jump in […]
Sensex, Nifty Edge Lower; Banking, Financials Witness Selling Pressure
By Administrator_ India Capital Sands The Indian equity benchmarks edged lower on Thursday taking cues from other Asian markets ahead of the monthly expiry of May futures and options contracts due later in the day. The Sensex slipped as much as 51 points and the Nifty 50 index dipped below its important psychological level of […]
WhatsApp Sues Government, Says New Digital Rules Mean End To User Privacy
By Administrator_ India Capital Sands WhatsApp has filed a lawsuit in the Delhi High Court against the government’s new digital rules that take effect today, saying these would compel it to break privacy protections to users. The Facebook-owned messaging service filed its petition on Tuesday against the rules that will require it to “trace” the […]
Sensex jumps over 250 points in early trade; Nifty above 15,250
By Administrator_ India Capital Sands Equity benchmark Sensex surged over 250 points in opening trade on Tuesday, tracking gains in index heavyweights Infosys, Asian Paints, and HDFC amid a positive trend in global markets. The 30-share BSE index was trading 265.07 points or 0.52 percent higher at 50,916.97, and the broader NSE Nifty surged 86 […]
Dollar stuck near 3-month lows, bitcoin struggles
By Administrator_ India Capital Sands The dollar was pinned near three-month lows against a basket of major currencies on Monday, as bets on a robust global economic recovery continued to support currencies seen as riskier. The dollar index hovered around the 90 marks, down 0.2% on the day and close to a three-month low of 89.646 […]
Oil edges up but set for weekly fall on Iran nuclear talks
By Administrator_ India Capital Sands Oil prices nudged up on Friday, recovering from three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress on talks to revive a 2015 nuclear deal. Brent crude futures for July rose 8 cents, or 0.1%, to $65.19 […]
Bitcoin slides below $40,000, ether tumbles
By Administrator_ India Capital Sands Bitcoin‘s volatile week-long slide saw it tumble to below the $40,000 mark on Wednesday as news of further restrictions on cryptocurrency transactions in China added to earlier concerns sparked by Tesla boss Elon Musk’s tweets. Bitcoin, the world’s biggest and best-known cryptocurrency, fell about 9% to as low as $38,940.04, […]