By Rama Venkat BENGALURU (Reuters) -Indian shares trimmed early gains on Wednesday, as losses in metals countered gains in bank and consumer stocks, and investors awaited U.S. inflation data this week for cues on the Federal Reserve’s future rate hikes. The NSE Nifty 50 index was 0.07% higher to 18,214.90 as of 0504 GMT, while …
Indian shares shed gains as metals offset consumer gains Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – The Indian government bond yield curve could invert, with the benchmark 10-year bond yield easing below those of shorter tenor securities, as the central bank’s rate hike cycle nears its end, the treasury head of private lender Axis Bank said on Wednesday. “When the market gets the sense that …
Indian bond yield curve may invert as rate hikes near end – Axis Bank’s Gambhir Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – India’s benchmark bond yield eased below 7.40% on Wednesday, as sentiment lifted on the back of sharp gains in local currency and retracing global oil prices. The benchmark 10-year yield was at 7.3958% as of 0450 GMT, after ending at 7.4342% on Monday. The yield fell five basis points …
Benchmark bond yield below 7.40% as rupee jumps to 5-week high Read More »
By Hannah Lang and Alun John WASHINGTON/LONDON (Reuters) – The dollar slid on Tuesday as rising German bond yields strengthened the euro, but a strong reading of the consumer price index later this week could reverse the currency’s slide. The market was watching Tuesday’s U.S. mid-term elections, whose outcome may well usher in an era …
Dollar slips as German bund yields strengthen euro Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks gyrated and Treasury yields paused on Tuesday as Americans went to the polls and market participants bided their time waiting to see whether Capitol Hill is in for a power shift. An early rally gathered momentum early in the session but lost steam into the afternoon, …
Wall Street wavers, Treasury yields dip as election day rolls on Read More »
By Brijesh Patel and Seher Dareen (Reuters) – Gold prices rose more than 2% on Tuesday to breach the key $1,700 per ounce level, following a fall in the dollar and bond yields as well as some technical buying, while market focus remained on U.S. inflation data later this week. Spot gold rose 2.4% to …
Gold advances over 2% on dollar slide, technical buying Read More »
BENGALURU (Reuters) – Indian tyre manufacturer MRF Ltd missed second-quarter profit estimates on Tuesday, as soaring input costs and supply chain issues weighed, offsetting a rise in revenue. Standalone net profit from continuing operations fell 32.4% to 1.24 billion rupees ($15.14 million) for the three months ended Sept. 30, from 1.83 billion rupees a year …
Indian tyremaker MRF misses Sept-qtr profit estimates as input costs weigh Read More »
BENGALURU (Reuters) – India’s Arvind Ltd reported a 79.7% jump in quarterly profit on Tuesday, as the textile manufacturer saw increased demand for its woven and knit products ahead of the festive season. The company, which supplies cloth for various brands, including Calvin Klein, Ed Hardy, and Tommy Hilfiger, posted net profit of 1.25 billion …
India’s Arvind posts surge in profit on festive season demand boost Read More »
BENGALURU (Reuters) – Jubilant FoodWorks Ltd, which runs the Domino’s Pizza chain of restaurants in India, reported a near-10% jump in second-quarter profit on Tuesday, as people dined out more following the easing of COVID-19 restrictions. Profit rose to 1.32 billion Indian rupees ($16.12 million) in the three months ended Sept. 30, from 1.2 billion …
Domino’s India franchisee Jubilant’s Q2 profit rises 10% on dine-in demand Read More »
NEW DELHI (Reuters) – India stands to gain from a price cap on Russian oil and the United States hopes that it will take advantage of it, U.S. Treasury Secretary Janet Yellen said ahead of a visit to India this week, media reported on Tuesday. The United States and its allies in the Group of …
U.S. hopes India will take advantage of Russian oil price cap – media Read More »
