Gold rush to summit sees demand trampled
April 2nd, 2024 07:27
Gold prices soar in Kolkata's Zaveri Bazaar, impacting sales. Jewellers hopeful for a recovery during Akshay Tritiya. Mumbai sees 70% demand slump, while investment in bars rises. Analysts predict further price hikes due to global factors.
Stock Market Live Updates: Asian markets rise, Nikkei 225 hits 40,000 mark
April 2nd, 2024 07:27
Sensex, Nifty, Share Prices LIVE: Asian markets opened positively on Tuesday, with Japan’s Nikkei 225 climbing 0.62% to 40,050.21, and the broader Topix index edging up 0.02% to 2,721.87. South Korea’s KOSPI also saw a 0.10% increase to 2,750.72. In Australia, trading resumed after a holiday weekend, with the S&P/ASX 200 reaching a record high of 7,898, up by 0.1%, driven by strong performances in the mining sector. Meanwhile, on Wall Street, stocks faced declines as new inflation data sparked concerns over US monetary policy. The Dow Jones Industrial Average dropped 0.60% to 39,566.85, the S&P 500 lost 0.20% to 5,243.77, and the Nasdaq Composite rose slightly by 0.11% to 16,396.83. Gold prices surged to a new all-time high amidst the market fluctuations.
US bonds slide as rate cut bets fade on factory data
April 2nd, 2024 06:30
Treasuries fell across the curve - with 10-year yields climbing over 10 basis points - as manufacturing unexpectedly expanded for the first time since September 2022 - while input costs climbed.
Microlenders look for ways to tackle skew in credit reach
April 2nd, 2024 06:27
India's microfinance sector is highly concentrated, with the top 10 states representing 85% of the market, leaving many districts and villages with limited access to credit. Sa-Dhan, a microfinance industry body, is investigating reasons for this disparity and aims to encourage lenders to reach under-penetrated areas. Despite recent growth in financial inclusion, many districts have a penetration ratio of less than 30%, indicating a need for expansion in these regions.
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