Indian equity markets rebounded from the lows to close Monday’s trading session in green.&nbsp;

S&amp;P BSE Sensex gained 230 points during the day to end at 52,574 while the 50-stock NSE Nifty index jumped 63 points and closed at 15,746.&nbsp;

NTPC, Titan Company, and State Bank of India closed as the top index performers while Tech Mahindra, Maruti, and TCS were the worst performers. Broader markets outperformed benchmark indices. India VIX ended flat.

Broader markets, meanwhile, outperformed the large-caps today with the BSE MidCap and SmallCap indices gaining 0.8 per cent each. 
&nbsp;

Indian equity markets rebounded from the lows to close Monday’s trading session in green. S&P BSE Sensex gained 230 points during the day to end at 52,574 while the 50-stock NSE Nifty index jumped 63 points and closed at 15,746.

Indian equity markets rebounded from the lows to close Monday’s trading session in green. S&P BSE Sensex gained 230 points during the day to end at 52,574 while the 50-stock NSE Nifty index jumped 63 points and closed at 15,746. NTPC, Titan Company, and State Bank of India closed as the top index performers while Tech Mahindra, Maruti, and TCS were the worst performers. Broader markets outperformed benchmark indices. India VIX ended flat. Broader markets, meanwhile, outperformed the large-caps today with the BSE MidCap and SmallCap indices gaining 0.8 per cent each.

Sensex ends with gains at 52,574, Nifty above 15,700

Africa's largest Economy Nigeria is planning to launch its digital currency by the end of this year. Nigeria’s Central Bank is preparing a digital currency pilot that could launch as early as the end of this year, its director of information technology said in a recording heard by Reuters on Friday.

Nigeria to launch pilot digital currency by year-end

Brent crude futures for August gained 30 cents, or 0.4%, to $73.81 a barrel by 0051 GMT, while US West Texas Intermediate (WTI) crude for July was at $71.96 a barrel, up 32 cents, or 0.5%.

Brent crude futures up 0.4% at $73.81 a barrel

Porsche said it will invest a high double-digit million euro sum in the joint venture in which it will hold 80%.

Porsche to set up joint venture with German battery maker

India's&nbsp;stock market staged a smart recovery to end flat on Friday after declining over a per cent in intra-day deals. Most indices trimmed some intraday losses adding to the recovery.

The Sensex ended 21 points higher at 52,344 while the Nifty fell 8 points to settle at 15,683.

Sensex fell 722 points intra-day but recovered to close 21 points or 0.04 per cent, higher at 52,344 levels. The broader Nifty50 index, meanwhile, bounced back from the day's low of 15,451 to end at 15,683 levels, down 8 points or 0.05 per cent.

Global markets

Stocks were stranded just below record highs on Friday, with investors left looking for direction after digesting the US Federal Reserve’s more hawkish stance.

(With inputs from Reuters)

India's stock market staged a smart recovery to end flat on Friday after declining over a per cent in intra-day deals. Most indices trimmed some intraday losses adding to the recovery.

India's stock market staged a smart recovery to end flat on Friday after declining over a per cent in intra-day deals. Most indices trimmed some intraday losses adding to the recovery. The Sensex ended 21 points higher at 52,344 while the Nifty fell 8 points to settle at 15,683. Sensex fell 722 points intra-day but recovered to close 21 points or 0.04 per cent, higher at 52,344 levels. The broader Nifty50 index, meanwhile, bounced back from the day's low of 15,451 to end at 15,683 levels, down 8 points or 0.05 per cent. Global markets Stocks were stranded just below record highs on Friday, with investors left looking for direction after digesting the US Federal Reserve’s more hawkish stance. (With inputs from Reuters)

Sensex ends flat at 52,344, Nifty below 15,700

On Wednesday, Brent settled at its highest price since April 2019 while WTI settled at its highest since October 2018.

Oil slips again on surging US dollar

Last week, the Senate approved $52 billion for production and research on semiconductors and telecommunications equipment.

US senators propose 25% tax credit for semiconductor manufacturing

The Central Bank of the UAE (CBUAE) said on Thursday that the country's economy will grow by 2.4 per cent this year and by 3.8 per cent in 2022.

UAE projects 2.4% economic growth in 2021

Saudi Aramco on Thursday said it raised $6 billion from its first dollar-denominated Islamic bond sale, as the energy giant seeks capital to fund its hefty dividend payments.

The three-tranche sukuk, or Islamic bonds compliant with the Muslim faith, are due in three, five and 10 years, the company said in a statement.

Aramco "successfully raised $6 billion, following the sale of US dollar-denominated sharia-compliant securities to leading institutional investors", the statement said.

The sale comes after two previous bond offerings that were not compliant with Islamic law,&nbsp;a debut $12 billion sale in 2019 and an $8 billion offering in November last year.

The company is raising money to help pay an annual dividend of $75 billion, a key revenue source for the Saudi government, Aramco's biggest shareholder.

Aramco, the kingdom's cash cow, pledged to pay the dividend when it sought to generate interest in its debut initial public offering on the Saudi bourse in December 2019.

But company finances came under pressure last year, when crude prices tanked as the coronavirus pandemic sapped global demand.

Last month, Aramco declared a 30 percent jump in first quarter profit, thanks to a recovery in oil prices, but the company's free cash flow fell short of the $18.75 billion dividend obligation for that period.

Aramco is pushing to raise cash as Riyadh faces a ballooning budget deficit and pursues multi-billion dollar projects to diversify its oil-reliant economy.

In April, Aramco said it had struck a $12.4-billion deal to sell a minority stake&nbsp;in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners.

Saudi Aramco on Thursday said it raised $6 billion from its first dollar-denominated Islamic bond sale, as the energy giant seeks capital to fund its hefty dividend payments.

Saudi Aramco on Thursday said it raised $6 billion from its first dollar-denominated Islamic bond sale, as the energy giant seeks capital to fund its hefty dividend payments. The three-tranche sukuk, or Islamic bonds compliant with the Muslim faith, are due in three, five and 10 years, the company said in a statement. Aramco "successfully raised $6 billion, following the sale of US dollar-denominated sharia-compliant securities to leading institutional investors", the statement said. The sale comes after two previous bond offerings that were not compliant with Islamic law, a debut $12 billion sale in 2019 and an $8 billion offering in November last year. The company is raising money to help pay an annual dividend of $75 billion, a key revenue source for the Saudi government, Aramco's biggest shareholder. Aramco, the kingdom's cash cow, pledged to pay the dividend when it sought to generate interest in its debut initial public offering on the Saudi bourse in December 2019. But company finances came under pressure last year, when crude prices tanked as the coronavirus pandemic sapped global demand. Last month, Aramco declared a 30 percent jump in first quarter profit, thanks to a recovery in oil prices, but the company's free cash flow fell short of the $18.75 billion dividend obligation for that period. Aramco is pushing to raise cash as Riyadh faces a ballooning budget deficit and pursues multi-billion dollar projects to diversify its oil-reliant economy. In April, Aramco said it had struck a $12.4-billion deal to sell a minority stake in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners.

Saudi Aramco raises $6 billion from its first dollar-denominated Islamic bond sale

Indian stock market indices BSE Sensex and Nifty 50 ended over half a per cent down on Thursday, a day of weekly options expiry.&nbsp;

BSE Sensex fell 179 points or 0.34 per cent to 52,323.33, while the broader Nifty 50 index lost 76 points or 0.48 per cent to settle at 15,691.&nbsp;

The NSE's Nifty 50 index breached below its immediate support of 15,650 and hit a low of 15,616. It recovered marginally to end at 15,691 levels, down 76 points or 0.48 per cent.

Global markets

Global stock markets were mostly lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought.

In Asia, the Nikkei 225 in Tokyo lost 0.9 per cent, South Korea's Kospi and Australia's S&amp;P-ASX 200 shed 0.4 per cent each. China's Shanghai Composite Index, on the contrary, rose 0.2 per cent while Hong Kong's Hang Seng added 0.4 per cent.

(With inputs from agencies)

Indian stock market indices BSE Sensex and Nifty 50 ended over half a per cent down on Thursday, a day of weekly options expiry. BSE Sensex fell 179 points or 0.

Indian stock market indices BSE Sensex and Nifty 50 ended over half a per cent down on Thursday, a day of weekly options expiry. BSE Sensex fell 179 points or 0.34 per cent to 52,323.33, while the broader Nifty 50 index lost 76 points or 0.48 per cent to settle at 15,691. The NSE's Nifty 50 index breached below its immediate support of 15,650 and hit a low of 15,616. It recovered marginally to end at 15,691 levels, down 76 points or 0.48 per cent. Global markets Global stock markets were mostly lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. In Asia, the Nikkei 225 in Tokyo lost 0.9 per cent, South Korea's Kospi and Australia's S&P-ASX 200 shed 0.4 per cent each. China's Shanghai Composite Index, on the contrary, rose 0.2 per cent while Hong Kong's Hang Seng added 0.4 per cent. (With inputs from agencies)

Sensex slips 179 points, Nifty below 15,700

Meanwhile, US oil inventories declined by 8.5 million barrels in the week ending June 11, according to American Petroleum Institute.

Brent crude continues climb, trades at $72.15 a barrel

On Wednesday, Salvadoran Finance Minister Alejandro Zelaya said his country had approached the bank for technical assistance in order to implement bitcoin alongside the U.S. dollar

World Bank denies El Salvador’s request for implementation of Bitcoin

The Federal Reserve raised its inflation expectations and moved up the timeframe on when it will next hike interest rates.

US Fed leaves key interest rates unchanged

The ECB said a digital euro could increase the euro's appeal, though the health and size of the euro zone's economy were more important.

Digital euro could boost single currency's international use

Exports of both cars and auto parts more than doubled, up 135.5% and 139.1% from a year earlier, respectively.

Japan's May exports log sharpest rise in 41 years

Indian stock market indices, Sensex and Nifty ended lower on Wednesday dragged by metals and banking stocks amid mixed global cues.&nbsp;

Broader markets, smallcap and midcap indices also declined. Barring Nifty FMCG and Nifty IT, all other sectoral indices witnessed selling pressure.

BSE Sensex fell 271 points or 0.51 per cent to 52,502, while the broader Nifty 50 index declined 102 points or 0.64 per cent to settle at 15,767. The top BSE Sensex laggards were Power Grid Corporation of India, IndusInd Bank, Reliance Industries Ltd (RIL), L&amp;T, and UltraTech Cement, among others.

Global market

Asian shares were subdued on Wednesday with investors wary of any hint of hawkishness from the US Federal Reserve given lofty asset valuations rely so heavily on an endless supply of super-cheap money.

Japan's Nikkei ended 0.5 per cent lower and China's Shanghai Index dipped 1 per cent. South Korea's Kospi and Australia's ASX200, on the other hand, gained 0.6 per cent and 0.01 per cent, respectively.&nbsp;

In Europe, gains in financial and industrial stocks lifted indices, with the pan-European STOXX 600 up 0.2 per cent.

(With inputs from Reuters)

Indian stock market indices, Sensex and Nifty ended lower on Wednesday dragged by metals and banking stocks amid mixed global cues. Broader markets, smallcap and midcap indices also declined.

Indian stock market indices, Sensex and Nifty ended lower on Wednesday dragged by metals and banking stocks amid mixed global cues. Broader markets, smallcap and midcap indices also declined. Barring Nifty FMCG and Nifty IT, all other sectoral indices witnessed selling pressure. BSE Sensex fell 271 points or 0.51 per cent to 52,502, while the broader Nifty 50 index declined 102 points or 0.64 per cent to settle at 15,767. The top BSE Sensex laggards were Power Grid Corporation of India, IndusInd Bank, Reliance Industries Ltd (RIL), L&T, and UltraTech Cement, among others. Global market Asian shares were subdued on Wednesday with investors wary of any hint of hawkishness from the US Federal Reserve given lofty asset valuations rely so heavily on an endless supply of super-cheap money. Japan's Nikkei ended 0.5 per cent lower and China's Shanghai Index dipped 1 per cent. South Korea's Kospi and Australia's ASX200, on the other hand, gained 0.6 per cent and 0.01 per cent, respectively. In Europe, gains in financial and industrial stocks lifted indices, with the pan-European STOXX 600 up 0.2 per cent. (With inputs from Reuters)

Sensex falls 271 points, Nifty ends below 15,800

Indian stock market benchmarks BSE Sensex and Nifty 50 were trading at record high levels on Monday amid mixed Asian cues.&nbsp;

BSE Sensex hit a record high of 52,835.51, while Nifty 50 scaled a fresh all-time high of 15,889.60.

At close, the Sensex was up 221.52 points or 0.42% at 52773.05, and the Nifty was up 57.40 points or 0.36% at 15869.30. About 1894 shares have advanced, 1256 shares declined, and 139 shares are unchanged.

Meanwhile, the Indian rupee erased early gains and ended lower at 73.31 per dollar, amid buying saw in the domestic equity market. It opened marginally higher at 73.19 per dollar against the previous close of 73.27 and traded in the range of 72.16-73.34.

Indian stock market benchmarks BSE Sensex and Nifty 50 were trading at record high levels on Monday amid mixed Asian cues. BSE Sensex hit a record high of 52,835.

Indian stock market benchmarks BSE Sensex and Nifty 50 were trading at record high levels on Monday amid mixed Asian cues. BSE Sensex hit a record high of 52,835.51, while Nifty 50 scaled a fresh all-time high of 15,889.60. At close, the Sensex was up 221.52 points or 0.42% at 52773.05, and the Nifty was up 57.40 points or 0.36% at 15869.30. About 1894 shares have advanced, 1256 shares declined, and 139 shares are unchanged. Meanwhile, the Indian rupee erased early gains and ended lower at 73.31 per dollar, amid buying saw in the domestic equity market. It opened marginally higher at 73.19 per dollar against the previous close of 73.27 and traded in the range of 72.16-73.34.

Indian stock markets end at record closing high

U.S. West Texas Intermediate fell 3 cents to settle at $70.88 a barrel, after earlier touching $71.78 a barrel, its highest since October 2018.

Market Today: Crude oil steadies after hitting 2-yr high

The European Commission, which oversees EU trade policy, and the United States are keen to find a solution by July 11 when the current suspension of transatlantic tariffs comes to an end.

Potential truce looms in US-Europe jet subsidy war

Over half of SsangYong workers last week voted for the company's proposal of a two-year unpaid leave to half of its 4,800 employees,

Ssangyong workers accept 2-year unpaid leave

As per the numbers that appeared in&nbsp;government data released on Monday, India's wholesale price inflation increased to 12.94 per cent year-on-year in May, up from 10.49 per cent in April, owing primarily to a rise in energy prices.

Fuel prices increased 37.61 per cent year over year in May, according to data from the Ministry of Commerce and Industry. 
 
According to the government, the high rate of inflation in May was caused by a low base effect and increases in the prices of crude petroleum, mineral oils, and manufactured goods. 
 
The wholesale price index (WPI)-based inflation has risen for the fifth month in a row.WPI inflation reached double digits in April 2021, at 10.49 per cent.&nbsp;

"The annual rate of inflation, based on monthly WPI, was 12.94 per cent for the month of May 2021 (over May 2020) as compared to (-) 3.37 per cent in May 2020. The high rate of inflation in May 2021 is primarily due to the low base effect and rise in prices of crude petroleum, mineral oils viz. Petrol, diesel, naphtha, furnace oil etc. And manufactured products as compared to the corresponding month of the previous year," the Commerce and Industry Ministry said. 
 
(With inputs from agencies)

As per the numbers that appeared in government data released on Monday, India's wholesale price inflation increased to 12.94 per cent year-on-year in May, up from 10.

As per the numbers that appeared in government data released on Monday, India's wholesale price inflation increased to 12.94 per cent year-on-year in May, up from 10.49 per cent in April, owing primarily to a rise in energy prices. Fuel prices increased 37.61 per cent year over year in May, according to data from the Ministry of Commerce and Industry. According to the government, the high rate of inflation in May was caused by a low base effect and increases in the prices of crude petroleum, mineral oils, and manufactured goods. The wholesale price index (WPI)-based inflation has risen for the fifth month in a row.WPI inflation reached double digits in April 2021, at 10.49 per cent. "The annual rate of inflation, based on monthly WPI, was 12.94 per cent for the month of May 2021 (over May 2020) as compared to (-) 3.37 per cent in May 2020. The high rate of inflation in May 2021 is primarily due to the low base effect and rise in prices of crude petroleum, mineral oils viz. Petrol, diesel, naphtha, furnace oil etc. And manufactured products as compared to the corresponding month of the previous year," the Commerce and Industry Ministry said. (With inputs from agencies)

India's wholesale price inflation hits record high of 12.94% in May on costlier fuel

The commission’s recommended plan included banning imports of petrol and diesel cars by 2032, and that road transport be almost completely decarbonised by 2050.

New Zealand unveils $8,600 subsidy for electric vehicles

In its latest look at trends for the sector, the International Air Transport Association (IATA) said it doesn't expect world air traffic to resume to its pre-pandemic level before 2023.

Airline industry sees long-term rebound for sector

New outbreaks of COVID-19 in Asia could create delays in the global supply chain and exacerbate the global semiconductor shortage.

Chip shortage to last until at least mid-2022

The Indian stock market indices, Sensex and Nifty recovered early losses to end marginally higher Monday amid mixed global cues. Broader markets, smallcap and midcap indices closed lower. Among sectors, selling was seen in metals, private banks, realty and financial services indices, while Nifty IT and Nifty PSU Bank ended in the green.&nbsp;

BSE Sensex gained 76.77 points to end at a record high closing at 52,551.53, while the Nifty 50 index settled above 15,800 for the first time ever, at 15,811.85. Reliance Industries Ltd (RIL), Bajaj Finance, Power Grid Corporation of India, ONGC, Infosys, L&amp;T, TCS, SBI were among top Sensex gainers.&nbsp;

However, positive cues from global peers coupled with healthy buying in IT, PSU Bank, and select pharma and FMCG counters, helped the indices end the session in the positive territory.

Global markets

European shares hit a record high on Monday as investors bet on global central banks sticking to an accommodative stance on monetary policy even as the post-pandemic economic recovery gathers pace.

In Asia, investors were seen taking a wait-and-see stance ahead of the Federal Reserve's meeting and economic indicators from the United States and China. Japan's Nikkei gained 0.74 per cent, and South Korea's Kospi added 0.09 per cent. China and Australian markets were shut for holidays.

Meanwhile, futures of all three main Wall Street indices indicated a positive start later in the day.

(With inputs from Reuters)

The Indian stock market indices, Sensex and Nifty recovered early losses to end marginally higher Monday amid mixed global cues. Broader markets, smallcap and midcap indices closed lower.

The Indian stock market indices, Sensex and Nifty recovered early losses to end marginally higher Monday amid mixed global cues. Broader markets, smallcap and midcap indices closed lower. Among sectors, selling was seen in metals, private banks, realty and financial services indices, while Nifty IT and Nifty PSU Bank ended in the green. BSE Sensex gained 76.77 points to end at a record high closing at 52,551.53, while the Nifty 50 index settled above 15,800 for the first time ever, at 15,811.85. Reliance Industries Ltd (RIL), Bajaj Finance, Power Grid Corporation of India, ONGC, Infosys, L&T, TCS, SBI were among top Sensex gainers. However, positive cues from global peers coupled with healthy buying in IT, PSU Bank, and select pharma and FMCG counters, helped the indices end the session in the positive territory. Global markets European shares hit a record high on Monday as investors bet on global central banks sticking to an accommodative stance on monetary policy even as the post-pandemic economic recovery gathers pace. In Asia, investors were seen taking a wait-and-see stance ahead of the Federal Reserve's meeting and economic indicators from the United States and China. Japan's Nikkei gained 0.74 per cent, and South Korea's Kospi added 0.09 per cent. China and Australian markets were shut for holidays. Meanwhile, futures of all three main Wall Street indices indicated a positive start later in the day. (With inputs from Reuters)

Sensex posts record closing, Nifty ends above 15,800 for first time

Bitcoin hit a two-week peak just shy of $40,000 on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it.

Bitcoin has gyrated to Musk's views for months since Tesla announced a $1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment. He later said the electric car maker would not accept bitcoin due to concerns over how mining the currency requires high energy use and contributes to climate change.

"When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," Musk said on Twitter on Sunday.

Bitcoin rallied more than 9% after that message, breaking above its 20-day moving average, and it climbed a tiny bit further in Asia to hit $39,838.92.

"The market had been going through another round of correction over the weekend ... until Elon Musk's tweet of accepting BTC again for Tesla purchases changed sentiment," said Bobby Ong, co-founder of crypto analytics website CoinGecko.

He said the market was also supported by software company and major bitcoin-backer MicroStrategy raising half a billion dollars to buy bitcoin.

Bitcoin is up about 33% this year but has collapsed from a record peak above $60,000 amid a regulatory crackdown in China and Musk's apparently wavering enthusiasm for it. Telsa stock is down about 30% since the company's bitcoin purchase.

Musk's tweet was made in response to an article based on remarks from Magda Wierzycka, head of cybersecurity firm Syngia, who in a radio interview last week accused him of "price manipulation" and selling a "big part" of his exposure.

"This is inaccurate," Musk said. "Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market."

Musk had tweeted in May that Tesla "will not be selling any bitcoin" and "has not sold any bitcoin," but investors are keenly awaiting Tesla's next earnings update - due next month - for any disclosure of changes to its position.

Musk has taken issue with the vast computing power required to process bitcoin transactions and in early June posted messages appearing to lament a breakup with bitcoin.

Other cryptocurrencies were steady after weekend gains, with ether at $2,491 and one-time Musk darling dogecoin buying about 32 U.S. cents on crypto exchange Binance.

Bitcoin hit a two-week peak just shy of $40,000 on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it.

Bitcoin hit a two-week peak just shy of $40,000 on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Bitcoin has gyrated to Musk's views for months since Tesla announced a $1.5 billion bitcoin purchase in February and said it would take the cryptocurrency in payment. He later said the electric car maker would not accept bitcoin due to concerns over how mining the currency requires high energy use and contributes to climate change. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," Musk said on Twitter on Sunday. Bitcoin rallied more than 9% after that message, breaking above its 20-day moving average, and it climbed a tiny bit further in Asia to hit $39,838.92. "The market had been going through another round of correction over the weekend ... until Elon Musk's tweet of accepting BTC again for Tesla purchases changed sentiment," said Bobby Ong, co-founder of crypto analytics website CoinGecko. He said the market was also supported by software company and major bitcoin-backer MicroStrategy raising half a billion dollars to buy bitcoin. Bitcoin is up about 33% this year but has collapsed from a record peak above $60,000 amid a regulatory crackdown in China and Musk's apparently wavering enthusiasm for it. Telsa stock is down about 30% since the company's bitcoin purchase. Musk's tweet was made in response to an article based on remarks from Magda Wierzycka, head of cybersecurity firm Syngia, who in a radio interview last week accused him of "price manipulation" and selling a "big part" of his exposure. "This is inaccurate," Musk said. "Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market." Musk had tweeted in May that Tesla "will not be selling any bitcoin" and "has not sold any bitcoin," but investors are keenly awaiting Tesla's next earnings update - due next month - for any disclosure of changes to its position. Musk has taken issue with the vast computing power required to process bitcoin transactions and in early June posted messages appearing to lament a breakup with bitcoin. Other cryptocurrencies were steady after weekend gains, with ether at $2,491 and one-time Musk darling dogecoin buying about 32 U.S. cents on crypto exchange Binance.

Bitcoin jumps after Musk says Tesla could use it again