All the sectoral indices, barring the metals ended in the red. The Indian stock market experienced a significant crash on Thursday, with the benchmark indices, Sensex and Nifty 50, both closing the session down over 2%. In the broader market, the Nifty Midcap 100 index fell 2.21%, closing at 59,024 points, while the Nifty SmallCap 100 ended the trading day …
Lyft shares tumbled to their biggest loss in more than a year on Wednesday after the ride-hailing app reported gross bookings that spooked investors. Shares of Lyft were down close to 13% in midday trading to $9.54 per share, even as the San Francisco company turned in its first quarterly profit, earning $5 million. Lyft defines gross bookings as the …
The US dollar index is on course for its steepest weekly decline against major currencies since July, weighed down by increasing prospects of interest rate cuts next year by the US Federal Reserve. The drop in the greenback comes after the dovish rate pause delivered by the US Fed this week, signaling 75 basis points rate cuts for 2024, surprising …
Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, the Resolution Foundation said rising interest rates could create some “winners” among the younger …
Big wild bears ran over Indian markets on Friday pushing both Sensex and Nifty 50 to their biggest weekly fall in six months. Meanwhile, Bank Nifty which had clocked a fresh lifetime high and crossed over the 44,000 mark last week, was in a free fall and even reached below 41,600 levels. Sensex 30 and Nifty 50 indices corrected ~2% …
Share Market Update: Domestic benchmark indices BSE Sensex and NSE Nifty tanked for the seventh consecutive session, crashing by over 4.7 per cent on Thursday on the backdrop of fall in their international peers amid the ongoing invasion of Russia over Ukraine. Additionally, all sectoral indices of Nifty turned negative, with Nifty PSU bank declining the most at 8.3 per …
