Yield On The 10-Year Bond Falls
The yield on the 10-year bond opened 3 basis points lower at 6.55%. It closed at 6.58% on Friday
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
Rupee weakened 23 paise to open at 85.69 against US dollar. It ended at 85.46 a dollar on Friday
Source: Bloomberg
Reliance Partners with Blast to Launch Esports Venture in India
Reliance has entered into a joint venture with Blast, a global esports company, to foray into India’s rapidly growing esports market. This strategic partnership aims to promote and develop esports in India, leveraging Blast’s expertise and Reliance’s resources.
Stock Market Live Update: Shree Cement Receives Rs 160 Crore Draft Assessment Order for FY21-22
The company has received a draft assessment order from the Assistant Commissioner of Income Tax, Ajmer, demanding Rs 160 crore for the financial year 2021-22.
Gold Prices Trading Shy Of Record High
Gold prices were trading shy of record high Wednesday morning as market participants await the implementation of reciprocal tariffs. The Bloomberg spot gold was trading 0.58% higher at $3,131.33 an ounce as of 8:12 a.m.
Stock Market Live: R Systems International Signs Pact with Promoter BCP Asia and Velotio OCRPS Holders
R System has entered into an agreement with its promoter, BCP Asia, and holders of Velotio Optionally Convertible Redeemable Preference Shares. The pact aims to determine the number of R Systems International OCRPS to be allotted to Velotio OCRPS holders.
Asia Market Update: Trade Mixed; Traders Focus On US Tariff Announcement
Asia-Pacific Markets were trading on a mixed note with shallow movement Wednesday morning as traders focused on development on tariff front. US President Donald Trump will announce reciprocal tariff and other levies from Wednesday. These policies will come into effect immediately after the announcement.
As of 7:44 a.m., the Nikkei 225 and Hang Seng were trading 0.11% and 0.23% down, respectively. The S&P ASX 200 was 0.16% higher.
US Market Update: Most Share Indices End Higher As Rise In Technology Shares Support
Most share indices erased losses to end Tuesday on a positive note tracking gains in technology companies’ share. Uncertainty over how’ll reciprocal tariff policies play out continued to weigh on investors’ sentiment.
The S&P 500 and Nasdaq Composite ended 0.38% and 0.87% higher, respectively. The Dow Jones Industrial Average ended 0.03% down.
GIFT Nifty Near 23,300; SJVN, JSW Energy, Dabur India Share Prices In Focus
The GIFT Nifty was trading near 23,300 in early trade on Wednesday. SJVN Ltd., JSW Energy Ltd., and Dabur India Ltd. were in focus during the news flow overnight.
The GIFT Nifty was trading 0.15% or 34.50 points higher at 23,320.00 as of 7:08 a.m.
On Tuesday, the benchmark equity indices closed lower for the second consecutive session, weighed down by HDFC Bank Ltd. and ICICI Bank Ltd. The NSE Nifty 50 ended 353.65 points or 1.5% down at 23,165.70, the lowest level since March 20. The BSE Sensex closed 1,390.41 points or 1.80% lower at 76,024.51, the lowest since March 21.
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