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Oil Jumps After Industry Group Reports U.S. Crude Supply Decline
By Administration_ India Capital Sands Oil extended gains after an industry group reported a larger-than-expected decrease in U.S. crude stockpiles. Futures in New York rose in after-market trading after closing 0.8% higher on Tuesday amid thin liquidity. The American Petroleum Institute reported domestic crude inventories fell 4.79 million barrels last week. That would be the largest stockpile […]
Oil gains on hopes US pandemic stimulus payments to spur fuel demand
By Administration_ India Capital Sands Oil rose on Tuesday, for the third time in four sessions, on expectations for rising fuel demand as the United States may expand their pandemic aid payments and a final Brexit deal is set to stabilize trade between Europe and the UK. Brent crude futures climbed 36 cents, or 0.7%, […]
Gold Up After Trump Signs Latest Stimulus Measures
By Administration_ India Capital Sands Gold was up on Monday morning in Asia, boosted by the news that U.S. President Donald Trump signed a long-awaited COVID-19 relief bill into law. Gold futures were up 0.84% at $1,899.05 by 11:23 PM ET (4:23 AM GMT), after jumping 1% earlier. The dollar was down on Monday, also giving […]
Sensex jumps 250 points higher, Nifty rises above 13,660
By Administration_ India Capital Sands Markets opened in the positive zone on Thursday tracking gains in index majors amid positive global cues. The BSE Sensex rose 249.23 points or 0.54 percent to 46,693.41 in early trade while the NSE Nifty jumped 60.20 points or 0.44 percent to 13,661.30. Major gainers in the Sensex pack were ONGC, Bharti Airtel, […]
UK confronts threat of food crisis as coronavirus surge blocks trade
By Administration _ India Capital Sands The UK confronted threats of food insecurity and panicked shopping days before Christmas as European nations restricted trade and travel to guard against a resurgent coronavirus, offering Britain a preview of the border chaos to come in the absence of a Brexit deal. Fearing a fast-spreading new strain of the virus […]
Delhi’s air quality deteriorates further as overall AQI reaches 320
By Administrator_ India Capital Sands The air quality of the national capital deteriorated further on Monday while remaining in the ‘very poor’ category as the overall AQI was recorded at 320. The concentration of PM10 and PM2.5 pollutants increased on Monday and as a result, the AQI rose up from 309 to 320. According to […]
US puts India on currency watch list, labels Switzerland as manipulator
By Administrator_ India Capital Sands The US Treasury labeled Switzerland and Vietnam as currency manipulators on Wednesday and added India, Taiwan and Thailand to a watch list of countries it suspects of taking measures to devalue their currencies against the dollar. The “monitoring list” of countries has now hit 10. Others on the list include China, Japan, Korea, Germany, Italy, Singapore […]
LIC books record profit in April-November
By Administrator_ India Capital Sands LIC’s profits primarily come from sale of shares in the insurer’s large, non-linked portfolio, which includes traditional life insurance policies LIC has booked its highest ever profit of ₹25,908 crore from selling stocks in the eight months ended 30 November, three people, including a top LIC official, said, as the […]