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Gold snaps 7-day rally, declines Rs 200 to Rs 88,300/10g in Delhi

New Delhi, Feb 11 (PTI) Snapping the seven-day winning run, gold prices declined by Rs 200 to Rs 88,300 per 10 grams in the national capital following selling by stockists amid a bearish trend in global markets. Gold of 99.5 per cent purity also dropped Rs 200 to Rs 87,900 per 10 grams from the previous close of Rs 88,100 per 10 grams. Additionally, silver prices decreased Rs 900 to Rs 96,600 per kg from the previous trading close of Rs 97,500 per kg on Monday. Traders said the yellow metal prices depreciated ahead of Fed Chair Jerome Powell’s testimony

US trade war fears wipe out $180 billion from Indian stocks in 2 days

Feb 11 (Reuters) – Indian stocks have lost about $180 billion in market value in the two days since U.S. President Donald Trump said he would slap reciprocal tariffs on several countries, with many analysts saying the world’s fifth-largest economy could be worst hit. The blue-chip NSE Nifty 50 and BSE Sensex indexes sank 1.32% on Tuesday and have tumbled a shade over 2% in the past two sessions. The broader, more domestically focused mid-cap and small-cap indexes have slid a steeper 5%. About 87%, or 2,532, of the 2,918 stocks listed on the National Stock Exchange declined on the

INDIA bloc needs to “sit and work things out”: Kapil Sibal

New Delhi [India], February 11 (ANI): After subsequent disappointments faced by major INDIA bloc parties in the recent assembly elections, senior advocate and Rajya Sabha MP Kapil Sibal on Tuesday said that the alliance will have to sit together and work meticulously to make things out. Speaking about the Congress, Sibal stated that the party always tries to work together and to move ahead with consent. He however, also admitted that sometimes the alliance faces problems citing the example of 2020 Bihar assembly elections, where a dismal show by Congress prevented the ‘Mahagathbandhan’ from reaching majority. “Congress party always tries

Stock markets decline in early trade amid relentless foreign fund outflows

Mumbai, Feb 11 (PTI) Market benchmark indices Sensex and Nifty declined in early trade on Tuesday amid unabated foreign fund outflows and fresh US tariffs that ignited trade war fears. Declining for the fifth day running, the 30-share BSE benchmark Sensex dropped 201.06 points to 77,110.74 in initial trade. The NSE Nifty declined 79.55 points to 23,302.05. From the 30-share blue-chip pack, Power Grid, Zomato, Tata Motors, UltraTech Cement, Bajaj Finserv, Sun Pharma, Kotak Mahindra Bank and Tata Steel were the biggest laggards. Infosys, HCL Tech, Maruti and ITC were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth

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