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Bitcoin Crosses $114,000 as US PPI Report Lifts Rate Cut Hopes
Bitcoin held steady at $114,000 (roughly Rs. 1 crore) on Thursday as softer US producer price data at 2.6 percent boosted hopes of a Fed rate cut next week. Analysts highlighted that consistent inflows into spot Bitcoin ETFs, nearly $1 billion so far this week, also supported sentiment. Ethereum surged to $4,400 (roughly Rs. 3.8 lakh), while major ...
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GST Council Meeting: What May Get Cheaper Or Cost More Under New Slabs
High hopes ride on the 56th GST Council meeting as it takes up proposals to simplify slabs and slash rates on key goods and services.
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Sensex Rallies 600 Points, Nifty Soars Amid US Federal Rate Cut Hopes
Stock market benchmark indices Sensex and Nifty surged nearly 1 per cent on Monday, propelled by intense buying in metal, IT and consumer durable stocks amid hopes that the US Federal Reserve will start cutting interest rates soon.
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Sensex, Nifty Reach All-Time High As Inflation Cools Off
Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI.
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Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
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India's Retail Inflation Surges In September, But Rate Cut Hopes Still High
India's retail inflation rose close to the central bank's medium-term target of 4% in September for the first time in 14 months, but analysts still predict a sharp economic slowdown will prompt a sixth consecutive interest rate cut in December.
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Budget 2019: Auto Industry Demands Budget Committee To Bring Down GST Rates
Industry Body and automakers have high hopes from the upcoming budget session which can help the industry to recover from the current slowdown.
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Sensex Surges 250 Points Ahead Of Budget 2018, Nifty Above 11,050: 10 Points
The BSE benchmark index Sensex and NSE Nifty rose higher in morning trade, ahead of presentation of Budget 2018 by Finance Minister Arun Jaitley in Parliament at 11 am today. The Sensex rose over 250 points to touch an intraday high of 36,226.97. The NSE Nifty rose as much as 73 points to hit 11,100.70.Higher global markets have given a boost to In...
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McDonald's Meals Not Cheaper Despite GST Rate Cut. Twitter Not Lovin' It
When new GST rates came into effect yesterday, consumers were hoping to see their restaurants bill be considerably lower but were shocked when they found the food bills didn't drop as drastically as they expected them to.
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Nifty Closes At Record High, Sensex Jumps 250 Points On Rate Cut Hopes
The banking sub-index of NSE - Nifty Bank - closed 1.34 per cent higher after gaining as much as 1.71 per cent as day's high.
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RBI Could Make Loans Cheaper Today: 10 Things To Know
The Monetary Policy Committee, headed by Reserve Bank of India Governor Urjit Patel, is expected to announce a rate cut today. A sharp moderation in retail inflation over the past few months has brightened hopes for further monetary policy easing from the central bank, which changed its stance to neutral from accommodative at the start of the year....
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Sensex Scales 32,000 As Records Tumble, Nifty Near 9,900: 10 Points
The Sensex ended above 32,000 for the first time after consumer price inflation fell to a record low of 1.54 per cent in June and Chief Economic Advisor Arvind Subramanian made a strong case once more for a Reserve Bank rate cut. Nudging the RBI, Dr Subramanian said policymakers "will reflect" on this historically low inflation data "very very care...
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Market Darling India Has Issues As Inflation Hits Record Low
Some of the pessimism stems from the fact that is India is still recovering from a cash ban that interrupted employment for millions, forced farmers into fire sales of agricultural produce and bogged down the manufacturing sector.
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Sensex Hits 32,000 For First Time Amid Hopes Of RBI Rate Cut
Nifty added over 65 points to 9,881 after government data showed that inflation for the month of June fell to a record low of 1.54 per cent.
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Sensex, Bonds Rise As Soft Inflation Stokes Rate Cut Hopes
Inflation is now well below the Reserve Bank of India's medium-term target of 4 percent, and at the lower end of its CPI projection of 2 percent-3.5 percent in the first half of the fiscal year.
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Bitcoin Crosses $114,000 as US PPI Report Lifts Rate Cut Hopes
Bitcoin held steady at $114,000 (roughly Rs. 1 crore) on Thursday as softer US producer price data at 2.6 percent boosted hopes of a Fed rate cut next week. Analysts highlighted that consistent inflows into spot Bitcoin ETFs, nearly $1 billion so far this week, also supported sentiment. Ethereum surged to $4,400 (roughly Rs. 3.8 lakh), while major ...
-
GST Council Meeting: What May Get Cheaper Or Cost More Under New Slabs
High hopes ride on the 56th GST Council meeting as it takes up proposals to simplify slabs and slash rates on key goods and services.
-
Sensex Rallies 600 Points, Nifty Soars Amid US Federal Rate Cut Hopes
Stock market benchmark indices Sensex and Nifty surged nearly 1 per cent on Monday, propelled by intense buying in metal, IT and consumer durable stocks amid hopes that the US Federal Reserve will start cutting interest rates soon.
-
Sensex, Nifty Reach All-Time High As Inflation Cools Off
Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI.
-
Apple Shares Weaken After Warning of Dull Holiday Quarter
Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a US jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The stock was down 1.5 percent in early trading, having fallen more than 3 percent before the bell.
-
India's Retail Inflation Surges In September, But Rate Cut Hopes Still High
India's retail inflation rose close to the central bank's medium-term target of 4% in September for the first time in 14 months, but analysts still predict a sharp economic slowdown will prompt a sixth consecutive interest rate cut in December.
-
Budget 2019: Auto Industry Demands Budget Committee To Bring Down GST Rates
Industry Body and automakers have high hopes from the upcoming budget session which can help the industry to recover from the current slowdown.
-
Sensex Surges 250 Points Ahead Of Budget 2018, Nifty Above 11,050: 10 Points
The BSE benchmark index Sensex and NSE Nifty rose higher in morning trade, ahead of presentation of Budget 2018 by Finance Minister Arun Jaitley in Parliament at 11 am today. The Sensex rose over 250 points to touch an intraday high of 36,226.97. The NSE Nifty rose as much as 73 points to hit 11,100.70.Higher global markets have given a boost to In...
-
McDonald's Meals Not Cheaper Despite GST Rate Cut. Twitter Not Lovin' It
When new GST rates came into effect yesterday, consumers were hoping to see their restaurants bill be considerably lower but were shocked when they found the food bills didn't drop as drastically as they expected them to.
-
Nifty Closes At Record High, Sensex Jumps 250 Points On Rate Cut Hopes
The banking sub-index of NSE - Nifty Bank - closed 1.34 per cent higher after gaining as much as 1.71 per cent as day's high.
-
RBI Could Make Loans Cheaper Today: 10 Things To Know
The Monetary Policy Committee, headed by Reserve Bank of India Governor Urjit Patel, is expected to announce a rate cut today. A sharp moderation in retail inflation over the past few months has brightened hopes for further monetary policy easing from the central bank, which changed its stance to neutral from accommodative at the start of the year....
-
Sensex Scales 32,000 As Records Tumble, Nifty Near 9,900: 10 Points
The Sensex ended above 32,000 for the first time after consumer price inflation fell to a record low of 1.54 per cent in June and Chief Economic Advisor Arvind Subramanian made a strong case once more for a Reserve Bank rate cut. Nudging the RBI, Dr Subramanian said policymakers "will reflect" on this historically low inflation data "very very care...
-
Market Darling India Has Issues As Inflation Hits Record Low
Some of the pessimism stems from the fact that is India is still recovering from a cash ban that interrupted employment for millions, forced farmers into fire sales of agricultural produce and bogged down the manufacturing sector.
-
Sensex Hits 32,000 For First Time Amid Hopes Of RBI Rate Cut
Nifty added over 65 points to 9,881 after government data showed that inflation for the month of June fell to a record low of 1.54 per cent.
-
Sensex, Bonds Rise As Soft Inflation Stokes Rate Cut Hopes
Inflation is now well below the Reserve Bank of India's medium-term target of 4 percent, and at the lower end of its CPI projection of 2 percent-3.5 percent in the first half of the fiscal year.
