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Markets trade lower after modest early gains on sluggish global peers, tensions in Middle East

Mumbai, Jun 12 (PTI) Benchmark indices Sensex and Nifty began the trade with modest gains on Thursday and later traded lower in-tandem with sluggish global market trends amid growing tensions in the Middle East. Fresh foreign fund outflows also dented investors’ sentiment. The 30-share BSE Sensex climbed 108.02 points to 82,623.16 in early trade. The 50-share NSE Nifty went up by 38.7 points to 25,180.10. However, later both the benchmark equity indices slipped in the negative territory and were trading lower. The BSE benchmark gauge quoted 178.60 points lower at 82,331.42, and the Nifty traded 57.15 points down at 25,093.75.

Rupee rises 7 paise to 85.46 against US dollar in early trade

Mumbai, Jun 12 (PTI) Rupee rose 7 paise to 85.46 against the US dollar in early trade on Thursday, supported by a weak American currency, a drop in global crude oil prices, and a positive opening in the domestic equity markets. However, FII outflows capped further gains in the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.43 against the greenback before falling to 85.46, up 7 paise from its previous close. The rupee had settled at 85.53 against the US dollar on Wednesday. “The rupee, which gained on Wednesday, opened higher as

US hyphenating India, Pak; PM must drop ‘stubbornness’ and call special session of Parliament: Congress

New Delhi, Jun 12 (PTI) The US is constantly making statements which can only be interpreted to mean that it is hyphenating India and Pakistan, the Congress said on Thursday and stressed that Prime Minister Narendra Modi should leave aside his “stubbornness” to call an all-party meeting and a special session of Parliament. Congress general secretary in-charge communications Jairam Ramesh asserted in a post on X that decades of diplomatic progress cannot be allowed to be weakened so easily. “It is reported that Pakistani Army Chief General Asim Munir has been invited to the event organised in Washington DC on

Musk backs off from Trump feud, saying he regrets some posts that ‘went too far’

June 11, 2025 (THE ASSOCIATED PRESS) Elon Musk stepped back from his explosive feud with U.S. President Donald Trump, writing on X that he regrets some of his posts about his onetime ally and that they went “too far.” Early Wednesday morning, he posted “I regret some of my posts about President @realDonaldTrump last week. They went too far.” I regret some of my posts about President @realDonaldTrump last week. They went too far. — Elon Musk (@elonmusk) June 11, 2025 Musk’s break with a president whom he spent hundreds of millions of dollars to elect appeared to put an

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