BENGALURU (Reuters) – India’s benchmark Nifty 50 stock index is likely to see muted gains in 2023 due to high domestic valuations and risks of spillovers from a potential global recession, Nomura said. The index is set to reach 19,030 in 2023, implying a 3% increase, the brokerage said in a note on Thursday. The …
Nomura sees muted returns for India’s Nifty in 2023 amid growth fears Read More »
BENGALURU (Reuters) -Shares of GMM Pfaudler fell as much as 18.1% on Friday, their worst intraday percentage fall in nearly five years, after a report said that one of its promoters will sell the bulk of its stake in India’s largest glass-lined equipment maker. Pfaudler Inc, which holds a 31.9% stake in GMM Pfaudler, will …
India’s GMM Pfaudler falls over 18% on report promoter selling bulk stake Read More »
By Nimesh Vora MUMBAI (Reuters) – The fall in commodity prices could help narrow India’s trade deficit in the coming months, aiding the rupee, analysts said on Friday. India’s trade deficit narrowed to $23.9 billion in November from $26.9 billion in the previous month, data released on Thursday showed. It was the lowest trade deficit …
Lower commodity prices to shrink India’s trade deficit, help rupee – analysts Read More »
By Nina Chestney LONDON (Reuters) – Global coal consumption is set to rise to an all-time high in 2022 and remain at similar levels in the next few years if stronger efforts are not made to move to a low-carbon economy, a report by the International Energy Agency (IEA) said on Friday. High gas prices …
Global coal consumption to reach all-time high this year – IEA Read More »
By Nikunj Ohri and Shivangi Acharya (Reuters) – India’s rupee trade settlement mechanism, a means of using rupees instead of dollars and other big currencies for international transactions, is attracting interest from more countries. Tajikistan, Cuba, Luxembourg and Sudan have begun talking to India about using the mechanism, according to two sources and an official …
India rupee settlement mechanism draws interest from more nations Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was a tad lower to the U.S. currency on Friday, with dollar sales by public sector banks saving the local currency from bigger declines. The rupee was quoting at 82.8375 per dollar by 10:20 a.m. IST, compared with 82.76 in the previous session. While public sector …
Rupee marginally lower, PSU banks help limit losses – traders Read More »
By Lawrence Delevingne (Reuters) -Shares fell globally on Thursday, while the U.S. dollar gained and Treasury yields ticked down, as major central banks hiked interest rates in their final policy decisions of the year. A day after the U.S. Federal Reserve said it expected rates to stay higher for longer, U.S. retail sales fell more …
Stocks slide but dollar gains as central banks continue inflation battle Read More »
By Karen Brettell NEW YORK (Reuters) – The euro fell on Thursday as investors took profits from a brief surge in the currency after European Central Bank President Christine Lagarde said more interest rate hikes are needed to tame inflation. The dollar was also boosted by worsening risk appetite as stocks fell. The ECB raised …
MUMBAI (Reuters) – India’s merchandise exports for the month of November stood at $31.99 billion, while imports stood at $55.88 billion, the country’s trade ministry said in a statement. The country’s merchandise imports for the April to November period stood at $493.61 billion and exports at $295.26 billion, the ministry said. (Reporting by Shilpa Jamkhandikar …
India’s Nov. merchandise exports at $31.99 billion, imports at $55.88 billion Read More »
By Kavya Guduru (Reuters) – Gold prices on Thursday fell by as much as 2% to their lowest in about a week as the dollar advanced after the U.S. Federal Reserve said it will deliver more interest rate hikes next year. Spot gold dropped 1.2% to $1,785.36 per ounce, as of 09:56 ET (1456 GMT), …
Gold broods over Fed’s higher-for-longer rate hike stance Read More »
