Published 07:22 IST, November 7th 2024
Stock Markets Live: Sensex crashes 860 points, Nifty down 1.14%, auto, pharma stocks drag
Stock Markets Today: Stay updated with the latest live news and insights from the Indian stock markets! Get real-time updates on Sensex, Nifty, top gainers, top losers, and more.
15:07 IST, November 7th 2024
Vedanta Group bags 4 critical mineral blocks, OIL 1
Vedanta Group has won four blocks while state-owned Oil India Ltd (OIL) bagged one in the fourth round of critical mineral blocks auction, the government said on Thursday.
13:41 IST, November 7th 2024
UK house prices hit record high but rise by least in 3 months
British house prices hit a new record high in October but the 0.2% rise from September was the smallest in three months and demand could remain subdued if interest rates fall only slowly and as taxes on home-buyers go up, mortgage lender Halifax said.
13:41 IST, November 7th 2024
Rolls-Royce confident on profit growth despite supply chain woes
Britain's Rolls-Royce (RR.L) stuck to guidance for annual profit growth of at least 30% this year as its airline customers flew more and demand for power for data systems and defence equipment continued to grow.
11:56 IST, November 7th 2024
Rupee rises 5 paise to 84.26 against US dollar
The rupee recovered from its all-time low level and witnessed a range-bound trade against the US dollar in early hours on Thursday, as investors remained cautious ahead of the US Fed meeting outcome later this week.
Forex traders said RBI interventions will keep the USD/INR pair between 83.80 and 84.35. Moreover, the US Federal Reserve monetary policy and officials' comments will be in focus to derive further momentum.
10:58 IST, November 7th 2024
China's exports to Russia grow at quickest pace in 11 months
China's exports to Russia in October rose 24.4 per cent from a year earlier, the fastest pace since November last year, Chinese customs data showed on Thursday, as Beijing affirmed strong ties with Moscow.
10:29 IST, November 7th 2024
China stocks edge up as stimulus hopes outweigh Trump concerns
China and Hong Kong stocks edged up on Thursday, buoyed by investor optimism over potential stimulus measures that outweighed concerns about worsening trade tensions under a second Donald Trump presidency.
10:08 IST, November 7th 2024
Sensex crashes 900 points, auto stocks tumble
The domestic bourses shredded off the gains from Wednesday as the BSE Sensex tumbled as much as 900 points in the early trade with auto, pharma, banking, and financial services stocks trading in red.
Bajaj Finserv, UltraTech Cement, and Mahindra & Mahindra emerged as the biggest losers as of 10:08 am.
09:55 IST, November 7th 2024
Asian stocks mixed as Trump impact weighed
Asia-Pacific equity markets were mixed on Thursday as investors weighed the implications of a Donald Trump presidency, while also eyeing monetary policy decisions from the U.S. Federal Reserve and other major central banks later in the day.
09:22 IST, November 7th 2024
Rupee drops to all-time low on bullish dollar outlook
The Indian rupee declined to a lifetime low on Thursday in the wake of expectations that Donald Trump's victory is likely to boost the dollar in the coming months.
The rupee INR=IN dipped to 84.29, inching past the previous all-time low of 84.28 hit on Wednesday.
09:21 IST, November 7th 2024
China's yuan falls to near 3-month low
- China's yuan fell to a near three-month low against the dollar on Thursday, dragged lower by a much weakened official guidance and market worries about higher tariffs on Chinese goods following Donald Trump's win in the US presidential election.
09:20 IST, November 7th 2024
China, India demand to determine 2025 global oil prices
Fuel demand growth in China and India will determine the direction of global oil prices in 2025 as supply remains ample, the CEO of Hengli Petrochemical International 600346.SS said on Thursday.
"Supply has been doing very well for the last couple of years, and will continue to do so," Janet Kong said at the FT Commodities Asia Summit.
08:42 IST, November 7th 2024
Here's what Vitol says about China's oil demand
China will continue to have an important role in global oil demand because of its focus on petrochemicals even as fuel consumption in its road transportation sector peaks amid energy transition, Vitol's global head of research said on Thursday.
07:22 IST, November 7th 2024
Automakers brace for new tariffs, EV changes under Trump
Automakers are bracing for President-elect Donald Trump to impose new tariffs on vehicles from Mexico and potentially from other countries and to reverse many existing pro-electric vehicle policies, industry associations and executives said.
Trump has said he plans to begin rescinding Environmental Protection Agency and Transportation Department vehicle rules on his first day in office and is considering paring back or eliminating EV tax breaks and other incentives.
07:21 IST, November 7th 2024
From banks to small-caps, Trump victory drives rally in stocks
Donald Trump's US presidential election victory boosted the stock market on Wednesday as investors bet on lower corporate taxes and deregulation, lifting shares of Tesla (TSLA.O), banks, small-cap companies and Trump's own media company.
His promise to make Tesla CEO Elon Musk head of a government efficiency commission after the billionaire-backed Trump throughout his electoral campaign sparked a 15 per cent surge in shares of the electric automaker.
07:20 IST, November 7th 2024
US stocks surge to record highs as Trump returns to presidency
US stocks rallied sharply to close at record highs on Wednesday after Republican Donald Trump won the 2024 US presidential election in a stunning comeback four years after being voted out of the White House.
The Dow Industrials, S&P 500 and Nasdaq Composite each ended at record levels with investors expecting lower taxes, deregulation and a US president who is not shy to weigh in on everything from the stock market to the dollar, although fresh tariffs could bring challenges in the form of a higher deficit and inflation.
Updated 15:07 IST, November 7th 2024