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Markets trade lower in volatile trade ahead of US Federal Reserve’s policy decision

Markets trade lower in volatile trade ahead of US Federal Reserve’s policy decision

Mumbai, May 6 (PTI) Benchmark indices Sensex and Nifty declined in early trade on Tuesday facing volatile trends as investors preferred to stay on the sideline a day ahead of the US Federal Reserve’s policy decision. Also, range-bound trading prevailed in the markets amid escalating tensions between India and Pakistan following the April 22 terror attack in Pahalgam and concerns over US-China trade negotiations. The 30-share BSE benchmark gauge declined 100.4 points to 80,696.44 in early trade, despite a positive opening. The NSE Nifty dipped 40.15 points to 24,421. From the Sensex firms, Titan, Sun Pharma, Eternal, Reliance Industries, Kotak

Rupee falls 8 paise to 84.38 against US dollar in early trade

Rupee falls 8 paise to 84.38 against US dollar in early trade

Mumbai, May 6 (PTI) The rupee traded in a narrow range in morning trade on Tuesday and fell 8 paise to 84.38 against the US dollar tracking the rise in the dollar index and fall in Asian currencies, amid growing uncertainty and a cautious recalibration of risk appetite. According to forex traders, the USD/INR pair was supported by an overall decline in crude oil prices and sustained foreign fund inflows while ongoing geopolitical tensions between India and Pakistan weighed on investor sentiment, keeping the rupee on edge. At the interbank foreign exchange, the domestic unit opened at 84.28 and fell

Cong chief Kharge writes to PM Modi, calls for dialogue with all parties on caste census

Cong chief Kharge writes to PM Modi, calls for dialogue with all parties on caste census

New Delhi, May 6 (PTI) Congress president Mallikarjun Kharge has urged Prime Minister Narendra Modi to draw upon the Telangana model for the caste survey, remove 50 per cent cap for reservation and immediately implement Article 15(5) providing for reservations for SCs, STs and OBCs in private educational institutions. In a letter to Modi, Kharge also called on the prime minister to have a dialogue with all political parties soon on the issue of the caste census. “Conducting any exercise such as the caste census which gives the backward, the oppressed and the marginalized sections of our society their rights

Asian shares are mostly higher after Wall Street breaks its winning streak

Asian shares are mostly higher after Wall Street breaks its winning streak

May 6, 2025 (AP) Shares were mostly higher early Tuesday in Asia after benchmarks fell on Wall Street, snapping a nine-day winning streak. Oil prices bounced back slightly from a 4-year low and U.S. stock futures slipped. A monthly survey measuring future activity in China’s services sector fell to its lowest level ever, excluding the pandemic, in a further sign the escalation of U.S. President Donald Trump’s trade war is hitting the world’s second-largest economy. A drastic increase in tariffs on U.S. imports of Chinese products, to 145%, has caused a sharp drop in shipping and other logistics. “Overall optimism

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