Monthly archives: September, 2021

Cyclone Gulab makes landfall in Andhra Pradesh; Odisha experiences light rain

Cyclone Gulab makes landfall in Andhra Pradesh; Odisha experiences light rain

By Administrator_India Capital Sands Odisha experienced light to moderate rainfall as cyclone Gulab made landfall at a place in Andhra Pradesh, about 95 kilometres from Gopalpur in the state where a large number of people have been evacuated as a precautionary measure, officials said. The wind speed of the cyclone is much less in Odisha …

Dollar Up, but Remains Near Week Low Even as Risk Sentiment Slowly Improves

Dollar Up, but Remains Near Week Low Even as Risk Sentiment Slowly Improves

By Administrator_India Capital Sands The dollar was up on Friday morning in Asia, but remained near its lowest level in a week. Improving risk sentiment, as concerns about contagion from a potential China Evergrande Group default eased somewhat, erased the U.S. currency’s recent gains. The U.S. Dollar Index that tracks the greenback against a basket of …

Nifty Seen Opening Below 17,550; Mphasis, Torrent Power In Focus

Nifty Seen Opening Below 17,550; Mphasis, Torrent Power In Focus

By Administrator_India Capital Sands The Indian equity benchmarks are set to open lower as indicated by the Nifty futures traded on the Singapore Exchange. Nifty futures on Singapore Exchange also known as the SGX Nifty futures fell 0.2 per cent or 33 points to 17,529. Meanwhile, Stocks found support and U.S. futures lifted in relief …

Oil prices advance amid U.S. supply tightness signals

Oil prices advance amid U.S. supply tightness signals

By Administrator_India Capital Sands Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global markets remain haunted by the potential impact on China’s economy of a crisis at heavily indebted property group China Evergrande. Brent crude gained 52 cents or 0.7% to $74.44 a barrel by 0212 …

Vodafone Idea claims to record peak 5G speed of 3.7 gbps during trials

Vodafone Idea claims to record peak 5G speed of 3.7 gbps during trials

By Administrator_India Capital Sands Debt-ridden telecom operator Vodafone Idea on Sunday claimed to have recorded a peak speed of 3.7 gigabit per second (gbps), highest by any operator in India, during 5G trials in Pune. The company also claimed to have recorded 1.5 gbps download speed in the mid-band spectrum in Gandhinagar and Pune. Vi (Vodafone Idea) has been …

Dollar holds upper hand after retail sales boost

Dollar holds upper hand after retail sales boost

By Administrator_India Capital Sands The dollar held near three-week highs against a basket of major currencies on Friday after a raft of strong U.S. economic data rekindled expectations for earlier policy tightening by the U.S. Federal Reserve. U.S. retail sales unexpectedly increased in August, rising 0.7% from the previous month despite expectations of a 0.8% …

Dollar drifts as soft inflation raises taper timing questions

Dollar holds upper hand after retail sales boost

By Administrator_India Capital Sands The dollar drifted within recent ranges against major peers on Wednesday after softer-than-expected U.S. inflation raised doubts about a taper of Federal Reserve stimulus this year. The dollar index stood at 92.632, little changed from Tuesday, when it dropped following the inflation data only to recover on haven demand as stocks slid on …

Inflation pullback boosts RBI’s easy money policy before Oct policy meeting

Inflation pullback boosts RBI's easy money policy before Oct policy meeting

By Administrator_India Capital Sands India’s headline rate of inflation eased in August as food prices cooled, boosting the case for the central bank to keep interest rates lower for longer to support economic growth. Consumer prices rose 5.3% last month from a year earlier, the Statistics Ministry said in a statement on Monday. That was the slowest rate since …

Market Ahead Podcast, Sep 13: Factors that could guide markets this week

Nifty Seen Opening Below 17,550; Mphasis, Torrent Power In Focus

By Administrator_India Capital Sands Market is likely to eye movement in the stock of Reliance Industries this week, as lack of fresh triggers kept indices range-bound over the past couple of days. RIL’s subsidiary, Jio Platforms, postponed the launch of India’s cheapest smartphone – JioNext– last Friday. According to a Jefferies report, the smartphone is …