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Stock markets rebound in early trade

Mumbai, Apr 29 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Wednesday helped by buying in blue-chip stocks and a rally in Asian markets. Buying by domestic institutional investors also offered support, helping cushion the downside moves, analysts said. The 30-share BSE Sensex climbed 358.92 points to 77,245.83 in opening trade. The 50-share NSE Nifty went up by 101.2 points to 24,096.90. From the 30-Sensex firms, Maruti, ITC, Tech Mahindra, Infosys, Mahindra & Mahindra and Reliance Industries were among the biggest gainers. Tata Steel, Asian Paints, ICICI Bank and Axis Bank were among the laggards. Brent

Rupee falls 13 paise to 94.81 against US dollar in early trade

Mumbai, Apr 29 (PTI) The rupee depreciated 13 paise to 94.81 against the US dollar in early trade on Wednesday, as rising global oil prices kept the currency under pressure. Forex traders said elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets dented investor sentiment. The focus has now shifted to the upcoming US Federal Reserve policy decision. While rates are expected to remain unchanged, the tone will carry more weight than the action, they said. At the interbank foreign exchange market, the rupee opened at 94.79 against the US dollar, then lost some

Petrol, diesel to get expensive after April 29: Rahul Gandhi

New Delhi, Apr 28 (PTI) Congress leader Rahul Gandhi on Tuesday warned that the prices of petrol and diesel will be increased after the assembly elections conclude on April 29. He also attacked the government for allegedly profiteering from low global crude oil prices and said it will now put burden on the public as the prices are rising. “Election relief over, inflation’s heat is on its way! After April 29th, watch out – petrol, diesel, everything will get expensive. “When (crude) oil was cheap, the Modi government pocketed the profits. Now that it’s expensive, it’ll dump the burden on

Gold declines Rs 1,800, silver plunges Rs 6,500 as oil rally hits bullion demand

New Delhi, Apr 28 (PTI) Gold prices retreated by Rs 1,800 to Rs 1.54 lakh per 10 grams in the national capital on Tuesday, while silver plunged Rs 6,500 to Rs 2.44 lakh per kilogram as a renewed surge in crude oil rates and a firm US dollar rattled global bullion markets. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity fell Rs 1,800, or 1.15 per cent, to Rs 1,54,300 per 10 grams (inclusive of all taxes). The metal had settled at Rs 1,56,100 per 10 grams on Monday. Silver prices also slumped

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