Key Points
BENGALURU, Oct 20 (Reuters) - India's blue-chips are set for a lower open on Friday after U.S. Federal Reserve Chair Jerome Powell's comments fanned worries over higher-for-longer interest rates, adding to mounting concerns over the Middle East crisis...
That was after Wall Street dropped overnight, while U.S. 10-year Treasury yields hit fresh 16-year highs after Powell said the U.S. economy's strength and tight labour market meant that further policy tightening could be needed...
The benchmark Nifty 50 (.NSEI) is down 0.64% so far this week, on track to snap a two-week winning streak, as rising oil prices and U.S. yields, the Middle East conflict and interest rate worries continue to nag investors...
Meanwhile, earnings have been mixed, with IT companies facing the brunt of weakening global demand, but key consumer companies like Hindustan Unilever (HLL.NS) and Nestle India (NEST.NS) helped by strong domestic urban demand...
** Tata Motors (TAMO.NS) will buy a 26.79% stake in digital logistics firm Freight Tiger for 1.50 billion rupees ($18 million), with the option to invest a further 1 billion rupees over the next two years...
You might be interested in
Indian shares set to open marginally higher
30, Oct, 23BENGALURU (Reuters) - India's blue-chips were set to open marginally higher on Monday after logging their worst week in over a month, while Asian peers were muted over the Middle East conflict.
Indian shares set to open weak as US rate fears, high oil prices weigh
09, Oct, 23Indian shares are set to open marginally lower on Monday, as rising U.S. rate concerns after strong jobs data and surge in oil prices due to military conflict in the Middle East weighed on sentiment.
Indian skincare firm Mamaearth's IPO oversubscribed 7.6 times
02, Nov, 23Indian skincare startup Mamaearth's initial public offering (IPO) was oversubscribed by 7.6 times, fetching bids worth 71.3 billion rupees ($856.75 million), exchange data showed on Thursday.
Gold drifts higher as Middle East tension attracts safe-haven inflows
18, Jan, 24By Anushree Ashish Mukherjee (Reuters) - Gold prices firmed on Thursday, aided by safe-haven demand amid the Middle East conflict, while investors looked out for further clarity on the U.S. Federal
Oil heads for weekly rise after IEA predicts record demand
20, Apr, 23By Laila Kearney NEW YORK (Reuters) -Oil prices were up on Friday and headed for a fourth straight week of gains after the West's energy watchdog said global demand will hit a record high this year on
Safe-haven gold gains as Middle East worries mount
29, Jan, 24By Harshit Verma (Reuters) - Gold prices rose on Monday as escalating tensions in the Middle East lifted bullion's safe-haven appeal, while moves were limited as traders awaited the U.S. Federal
Oil set to end week lower on demand concerns, easing supply woes
23, Aug, 24By Shariq Khan (Reuters) - Oil prices were steady in early Asian trading on Friday, but were poised to end the week lower as downward revisions to U.S. employment data raised demand concerns and
Oil heads for weekly loss as inflation, interest rates spur fuel demand concerns
25, May, 24By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose 1% on Friday, but looked set for a weekly loss after strong U.S. economic data reinforced expectations that interest rates might remain elevated
GIFT Nifty up 20 points; here's the trading setup for today's session
10, Oct, 23Foreign portfolio investors on Monday net sold shares worth Rs 998 crore, according to the provisional data. On the contrary, DIIs net bought shares worth Rs 2,661 crore.