Sensex, Nifty Give Up Early Gains Amid Volatile Trade

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Domestic stock markets gave up opening gains in volatile trade on Tuesday amid weakness across Asian shares, as rising global COVID-19 cases and concerns over fresh lockdowns in Europe weighed on sentiment. The S&P BSE Sensex index fell 332.87 points – or 0.88 per cent – to 37,701.27 in early deals, and the broader NSE … Read more Sensex, Nifty Give Up Early Gains Amid Volatile Trade

Government Aid, Stock Gains Push U.S. Wealth To Pre-pandemic Levels, Fed Says

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WASHINGTON: A rebounding stock market and massive federal aid payments pushed the net worth of U.S. households back to pre-coronavirus levels in the second quarter, the Federal Reserve reported on Monday, with savings accounts and equity portfolios both rising sharply despite the pandemic. The U.S. central bank’s latest quarterly look at wealth and income … Read more Government Aid, Stock Gains Push U.S. Wealth To Pre-pandemic Levels, Fed Says

Gold Gains As Tepid Dollar, Virus-induced Curbs Lift Appeal

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Gold prices edged higher on Monday, propped up by a softer dollar while fresh coronavirus-induced curbs globally dented hopes of a swift economic recovery, with investor focus on speeches by Federal Reserve policymakers due this week. FUNDAMENTALS Spot gold rose 0.3% to $1,954.65 per ounce by 0118 GMT. … Read more Gold Gains As Tepid Dollar, Virus-induced Curbs Lift Appeal

Sensex, Nifty Give up Early Gains End Lower As HDFC Bank Closes at Month's Low; Pharma Shines

Sensex Tumbles 323 Points as Global Markets Reel on Sober Federal Reserve Outlook

A man reacts as he looks at a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, March 12, 2020. REUTERS/Francis Mascarenhas The blue-chip NSE Nifty 50 index closed 0.1% lower at 11,504.95, while the benchmark S&P BSE Sensex, which has fewer pharma components, ended down … Read more Sensex, Nifty Give up Early Gains End Lower As HDFC Bank Closes at Month's Low; Pharma Shines

Gold Gains As Softer Dollar, Economic Concerns Bolster Appeal

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Gold prices rose on Friday en route to a second straight weekly gain on a subdued dollar as weak U.S. jobs data dented hopes of an economic recovery. Spot gold climbed 0.6% to $1,953.70 per ounce by 0710 GMT, up 0.6% so far this week. U.S. gold futures … Read more Gold Gains As Softer Dollar, Economic Concerns Bolster Appeal

Asia Defies Wall Street Weakness But Economy, Election Worries Cap Gains

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SINGAPORE/NEW YORK: Asian stocks inched up on Friday, despite Wall Street declines, but struggled to make deeper gains as worries about a faltering economic recovery kept investors to the sidelines or seeking safer harbour in assets such as the Japanese yen. Oil prices held hefty overnight gains after OPEC flagged a crackdown on member … Read more Asia Defies Wall Street Weakness But Economy, Election Worries Cap Gains

US Home Construction Falls 5.1% In August After Gains

Workers toil on a multifamily dwelling Tuesday, Aug. 4, 2020, in Winter Park, Colo. The Commerce Department reported Tuesday, Aug. 18, construction of new U.S. homes surged 22.6% last month as homebuilders continued to bounce back from the coronavirus pandemic. (AP Photo/David Zalubowski)

Workers toil on a multifamily dwelling Tuesday, Aug. 4, 2020, in Winter Park, Colo. The Commerce Department reported Tuesday, Aug. 18, construction of new U.S. homes surged 22.6% last month as homebuilders continued to bounce back from the coronavirus pandemic. (AP Photo/David Zalubowski) U.S. housing construction fell 5.1% in August after three months of strong … Read more US Home Construction Falls 5.1% In August After Gains

Dr Reddy's Labs Gains On Launching Eye Allergy Drop In US Market

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Dr Reddy’s Laboratories shares gained as much as 3.29 per cent to hit an intraday high of Rs 4,783.90 on the BSE after it announced launch of over-the-counter Olopatadine Hydrochloride Ophthalmic Solution USP, 0.2 per cent and 0.1 per cent in the US market. On the National Stock Exchange, Dr Reddy’s Laboratories shares gained as … Read more Dr Reddy's Labs Gains On Launching Eye Allergy Drop In US Market

Gold Falls As Dollar Gains On US Central Bank's Upbeat Economic View

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Gold is often used as a hedge against inflation Gold prices fell on Thursday as the dollar climbed after the Federal Reserve – the United States’ central bank – painted a favourable economic recovery picture but stopped short of offering concrete signals on further stimulus. Spot gold was down 0.8 per cent at $1,943.70 per … Read more Gold Falls As Dollar Gains On US Central Bank's Upbeat Economic View

Gold Futures Ease Below Rs 51,300, Silver Hits Rs 67,500 As Dollar Gains

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Gold and silver prices are in a long-term uptrend due to uncertainty around COVID-19, say analysts Gold, Silver Price In India: Domestic gold and silver futures slumped on Thursday tracking weakness in global rates, as the dollar strengthened after the US central bank pledged to keep interest rates low for a long time. Multi Commodity Exchange … Read more Gold Futures Ease Below Rs 51,300, Silver Hits Rs 67,500 As Dollar Gains