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OPEC Trims 2020 Oil Demand, Sees Doubts About 2021 On Virus Fallout
Reuters | Wednesday August 12, 2020While some countries have eased lockdowns, allowing demand to recover, fear of new outbreaks has kept a lid on oil prices -
From Carats To Peanuts: How A Pandemic Upended The Global Diamond Industry
Reuters | Wednesday August 12, 2020Demand for diamonds has plummeted during the pandemic, freezing sales and squeezing prices -
Nifty Breaks 6-Day Winning Streak Dragged By Metal, Pharma Shares
Edited by Abhishek Vasudev | Wednesday August 12, 2020Mid- and small-cap indexes ended on a mixed note as Nifty Midcap 100 index ended flat while Nifty Smallcap 100 index rose 0.4 per cent. -
UK Economy Contracts By 20.4% In June Quarter
Written by Sakshi Bajaj | Wednesday August 12, 2020Lockdown measures led to record quarterly decline in services, construction and production. -
Alibaba-Backed Best To List Delivery Business In Hong Kong: Report
Reuters | Wednesday August 12, 2020Best has tapped Credit Suisse and JPMorgan to lead the listing process, according to sources -
Sensex, Nifty Off Day's Lows; PSU Banks Gain, Metal, Pharma Shares Fall
Edited by Abhishek Vasudev | Wednesday August 12, 2020The equities have seen broad-based gains in the last few sessions and the Nifty 50 had gained nearly 4 per cent over the last six sessions. -
Weak Fuel Demand Drags On As Virus Crisis Worsens
Reuters | Wednesday August 12, 2020Sales of petrol, fell by 10.3 per cent from a year earlier to 2.26 million tonnes, and were down 0.8 per cent from 2.28 million tonnes in June. -
Spot Gold Rebounds Above $1,900 Mark Amid Volatile Trade As UK Economy Slumps
Reuters | Wednesday August 12, 2020Gold's gains were also helped by the dollar, whose recent uptick was stalled by a deadlock in Washington over a stimulus package. -
Interest Rate-Sensitive Stocks Trade Mixed Ahead Of July Inflation Numbers
Edited by Peter Noronha | Wednesday August 12, 2020At 11:10 am, the BSE Auto index had gained more than 1 per cent, while metal and banking indices had shed 1.5 per cent and 0.5 per cent respectively. -
Rupee Edges Lower To End At 74.82 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Wednesday August 12, 2020Rupee Vs Dollar Rate: The rupee traded in a range of 74.76-74.85 against the US currency, having started the day unchanged at 74.77 compared to its previous close. -
Silver Price Today: Silver Futures Hit Lower Circuit, Fall To Rs 60,910 Tracking Precious Metals
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday August 12, 2020Silver Rate Today: At 10:12 am, the MCX silver futures resumed trading after a 15-minute halt at 6 per cent (Rs 62,918), and slid to as low as Rs 60,910 during the session. -
Gold, Silver Price Today: Gold Futures End Volatile Day Higher At Rs 52,220, Silver Dips To Rs 66,772
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday August 12, 2020Gold Price In India: Domestic gold and silver futures fluctuated between gains and losses in a wide range on Wednesday, as data showing the UK's economy shrank by a record 20.4 per cent in the April-June period fuelled the coronavirus pandemic-led slowdown fears. Multi Commodity Exchange (MCX) gold futures - due for an October 5 delivery - registered wild swings in a more than Rs 2,500 range during the session, between Rs 49,955 and Rs 52,460, as against their previous close of Rs 51,929. MCX silver futures - due for a September 4 delivery - followed suit in a Rs 7,570 range, quoting at Rs 60,910 and Rs 68,480 at the day's weakest and strongest levels, as against their previous close of Rs 66,934, having also hitthe first lower circuit at 6 per cent (Rs 62,918) during the session. -
Gold Price Today: Domestic Gold Futures Drop 4%, Slide Below Rs 50,000 As Global Rates Tumble
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday August 12, 2020Gold Rate Today: At 10:12 am, the MCX gold futures contract quoted at Rs 50,293, down Rs 1,636 - or 3.15 per cent - from its previous close. -
Spot Gold Rate Falls Below $1,900 Per Ounce As US Dollar Rises
Reuters | Wednesday August 12, 2020Gold suffered its biggest one-day drop in more than seven years on Tuesday as equities surged and the dollar firmed. -
Sensex Falls Over 250 Points, Nifty Slips Below 11,250 Tracking Global Markets
Edited by Sandeep Singh (with inputs from Reuters) | Wednesday August 12, 2020On Wall Street, the S&P 500 snapped a seven-day winning streak after coming within reach of its all-time peak hit in February just before the global outbreak of COVID-19.
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