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Sensex, Nifty end higher as hopes of strong quarterly earnings trump coronavirus fears

by pallanus | Jul 17, 2020 | Business News

Indian shares ended higher for a third consecutive session on Friday, as gains in financial and energy stocks and hopes of strong corporate earnings outweighed concerns over surging domestic coronavirus cases that crossed the one million mark. The Bombay Stock...

Gold eyes sixth weekly gain as coronavirus cases surge

by pallanus | Jul 17, 2020 | Business News

Gold rose on Friday and was headed for its sixth consecutive weekly gain as surging coronavirus cases fuelled demand for safe havens. Spot gold rose 0.3% to $1,802.61 per ounce by 0942 GMT. US gold futures were up 0.2% at $1,803.30. Tensions between the United States...

IT, pharma stocks lift Indian shares as coronavirus cases near a million

by pallanus | Jul 16, 2020 | Business News

Indian shares closed higher on Thursday, led by gains in pharmaceutical and IT stocks, even though coronavirus cases in the world’s second-most populous nation inched towards one million. (Representative Image) Indian shares closed higher on Thursday, led by...

China becomes first economy to grow since coronavirus pandemic

by pallanus | Jul 16, 2020 | Business News

China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2 per cent expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened. Growth reported Thursday...

India posts first trade surplus in nearly 2 decades as coronavirus hits imports

by pallanus | Jul 16, 2020 | Business News

India posted a trade surplus of $790 million in June, its first in over 18 years, with imports plunging as the coronavirus pandemic depressed domestic demand for crude oil, gold and other industrial products, reflecting a slowing economy. Indian exports and imports...
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