Latest Stock Market News

“As we meet, geopolitical tensions have become a bigger risk to the global economy than the virus “ said external member JR Varma and a caveat from internal member Mridul Sagar, RBI executive director says “ The current geopolitical stress in Europe is a significant risk and if it translates into oil and gas prices spiking, we will need to adjust macro-economic policies suitably”

The Commercial Indo Bank, a joint venture between public-sector State Bank of India (SBI) and Canara Bank, is the only Indian bank with a presence in Russia with a small balance sheet of $100 million. Trade between India and Russia is also miniscule at just above $8 billion. All these factors are helping bankers relax even as the crisis in Ukraine has turned worse.

The regulator also did not allow term extensions to the members of the board of NSE during Oct-Nov 2016, when issues relating to Anand Subramanian, former group chief operating officer, and alleged sharing of confidential information by Chitra Ramkrishna, former MD& CEO, with an unknown person became known.

“Supply disruption in EU regions could also result in near-term demand for Indian steel and engineering products,” said Sanjeev Hota, head of research, Sharekhan.

The Dow Jones Industrial Average rose 92.07 points, or 0.28%, to 33,223.83, the S&P 500 gained 63.2 points, or 1.50%, to 4,288.7 and the Nasdaq Composite added 436.10 points, or 3.34%, to 13,473.59.

Gold crossed ₹51,500 per 10 gm on Thursday, the highest in 13 months, as Russia declared war on Ukraine. Those planning weddings will be forced to fork out more on gold jewellery not only due to rising prices of the yellow metal, but also on account of an upside in diamond prices that are up 15-20%.

The Fed official said she expects inflation will moderate this year as demand moderates and capacity constraints are resolved, but remain above 2% this year and next.

Traders told ET the central bank probably sold anywhere between $500 million and $1 billion to meet the demand for the greenback.

Most stablecoins were slightly higher on the day. Their market capitalization was up 0.3% at $182.5 billion, according to cryptocurrency data tracker coinmarketcap.com. Its daily trading volume, though, surged 75% to $108.1 billion.

A quarter-point increase is still anticipated as the Fed begins to lift its target policy rate from the near zero level set at the outset of the pandemic.