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Rupee depreciated by 13 paise to settle at 85.55 against the US dollar in early trade on Tuesday (May 20, 2025), amid weak domestic equities and persistent foreign fund outflows. The local currency opened at 85.47 at the interbank foreign exchange and slipped to 85.55, marking a 13 paise decline from the previous close. On…
Major public sector Power Grid Corporation of India had its shares down on Tuesday, May 20, after registering subdued earnings for the March quarter. The share fell 0.6 per cent to Rs 302.15 in initial trade on the NSE as investor sentiment became subdued despite the company declaring a final dividend and exit from stakes…
Gold & Silver Prices Today, 20 May 2025: Gold and silver prices witnessed a mixed session on Monday, with domestic futures dipping even as global prices edged higher due to heightened safe-haven demand following a credit downgrade of the United States by Moody’s. On the Multi Commodity Exchange (MCX), gold futures for June delivery fell by…
In a major development, US President Donald Trump on Monday claimed that Russia and Ukraine will “immediately” begin ceasefire negotiations, following separate phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy. However, the conversations, while described as productive, did not appear to yield a major breakthrough, AP reported. The details regarding when or…
Indian stock market in Tuesday’s trade (May 20, 2025) opened higher tracking positive Asian market cues. At the open, Nifty opened higher by 40 points with the index hovering near 25,000 levels. Meanwhile, broader markets traded on a cautious note, with both the midcap and smallcap gauge slipping in early trade. Stocks in news today…
Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi expects support for the headline Nifty50 index at 24,850-24,950 levels and a strong buy zone at 24,675-24,775 levels on Tuesday, May 20. For the Nifty Bank, the market wizard expects support at 55,175-55,300 levels and a strong buy zone at 54,800-55,000 levels. How market guru Anil Singhvi sums up trade setup: Global:…
Asian markets today: Asian markets in Tuesday’s trade drifted higher with China taking the lead as Beijing took to rate cuts on expected lines. The key MSCI Index Asia ex Japan index traded higher by 0.37 per cent. Asian markets performance China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose about 0.43 per cent and 0.26 per cent, respectively,…
Dalal Street is likely to open on a positive note on Tuesday, May 20, with GIFT Nifty futures trading over 90 points higher in early deals. The sentiment follows two sessions of consolidation after last week’s sharp rally, with analysts expecting action in specific sectors and a firm undertone in the broader market. At 7:00…
The Reserve Bank of India (RBI) said on Monday that it has decided to grant in-principle approval to the UAE’s Emirates NBD Bank PJSC for setting up a wholly-owned subsidiary in India. Emirates NBD Bank PJSC is Dubai’s government-owned lender. The Indian central bank’s nod is under its scheme for setting up of wholly-owned subsidiaries…
Hyundai Motor India Ltd. (HMIL) has announced its plans to introduce eco-friendly powertrains, including hybrid vehicles, as part of its long-term strategy to strengthen its position in the Indian automotive market. Unsoo Kim, Managing Director of Hyundai Motor India, shared the news during a statement on the company’s financial performance and outlook. “We are also…
