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Rupee weakened by 56 paise to 86.08 against the US dollar in early trade on Friday, hit by a sharp spike in global crude oil prices and escalating geopolitical tensions following a fresh Israeli strike on Iran’s nuclear sites. Forex traders said the local unit also came under pressure due to a weak opening in…
Gold prices on escalating geo-poltiical tensions has very swiftly gone beyond Rs 1 lakh levels on the MCX. As of the last count at around 10:36 am, gold August futures traded with gains of 1.78 per cent or Rs 1,753 to Rs 1,00,145 per 10 gm, while at the day’s high it marked a new…
The southwest monsoon, which regained momentum this week, is expected to cover most parts of northwest India, including Delhi, by June 25 well ahead of the usual dates, the India Meteorological Department (IMD) said, PTI reported. The primary rain-bearing system reached Kerala on May 24, marking its earliest onset over the Indian mainland since 2009,…
As we write, Indian equities has shown recovery from the day’s low with Nifty trading with a cut of 1.08 per cent or 268.05 at 24,620, while at the day’s low – it plunged to 24,473. Likewise, Sensex from the day’s low of 80,354.59 staged a rebound to 80,855, down as much as 836.44 or 1.02…
Mumbai-London Air India Flight Starts Return Journey: An Air India flight from Mumbai to London reportedly swtiched direction to return to Mumbai hours after takeoff. The reason behind the sudden change in course could not be ascertained immediately. The airline was expected to release a statement soon. Experts said that rising tensions between Iran and…
Ahmedabad Plane Crash: In one of the worst aviation disasters in recent Indian history, Air India confirmed that 241 people were killed after its London-bound Flight AI171 crashed shortly after takeoff from Ahmedabad’s Sardar Vallabhbhai Patel International Airport on Thursday afternoon. The Boeing 787-8 Dreamliner was carrying 230 passengers and 12 crew members when it…
Indian equities in Friday’s trade (June 13, 2025) traded weak amid weak global cues as Iran- Israel conflict worsened. This is, however, as the domestic retail inflation, has slumped to a 6-year low in May and meanwhile oil prices have surged sharply. At the open, Nifty slumped to 24,508 levels, down 1.4 per cent, while the…
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the Nifty50 index at 24,625-24,750 levels and a stronger support zone at 24,450-24,550 levels on Friday, June 13. For the Nifty Bank, the market wizard expects support at 55,550-55,750 levels and a strong buy zone at 55,250-55,450 levels. How market guru Anil Singhvi sums up trade setup: Global: Negative FII:…
Crude oil futures in Friday’s trade (June 13, 2025) amid escalating Israel and Iran conflict with the Israel launching airstrikes against Iran. US West Texas Intermediate last rose, 11.36 per cent to $75.77 per barrel, while global benchmark Brent surged 11.04 per cent, to $77.02 per barrel Israel launched a “targeted military operation” against Iran’s nuclear as well as ballistic missile, said Israel Prime…
Israeli airstrikes on Friday hit multiple sites across Iran, including its capital Tehran, killing Revolutionary Guard commander Gen. Hossein Salami in what is being described as the most significant attack on the country since the Iran-Iraq war of the 1980s, news agency AP reported. Iranian state television confirmed Salami’s death, with an anchor stating: “The…
