Hacker steals $625 mn in crypto from Blockchain platform Ronin
In one of the largest decentralized finance (Defi) breaches yet, a hacker has stolen cryptocurrencies worth $625 million from Ronin, a Blockchain platform behind the popular non-fungible token (NFT) game Axie Infinity. The Blockchain platform and Axie Infinity operator Sky Mavis admitted the security breach, saying that 173,600 Ethereum and 25.5M USDC (a cryptocurrency pegged to the US dollar) were drained […]
Sensex jumps over 300 points in early trade; Nifty above 17,300
Equity benchmark Sensex surged over 300 points in early trade on Tuesday, following gains in index majors HDFC, Maruti Suzuki, and ICICI Bank amid a largely positive trend in global equity markets. Besides, a fall in international crude prices supported the market sentiment, traders said. The 30-share BSE barometer was trading 317.22 points higher at 57,910.71. Similarly, the […]
Rupee advances 22 paise to 76.78 against US dollar in early trade
The rupee advanced 22 paise to 76.78 against the US dollar in the opening trade on Wednesday, supported by the weakness in the American dollar and recovery in domestic equity markets. Forex traders said the rupee could remain range-bound and can witness high volatility amid the deepening Russia-Ukraine conflict. At the interbank foreign exchange, the rupee opened […]
Forex reserves jump by $2.76 bn to $632.95 bn: RBI data
The country’s foreign exchange reserves increased by USD 2.762 billion to USD 632.952 billion for the week ended February 18 on a healthy rise in the value of gold reserves and core currency assets, the RBI said on Friday. In the previous reporting week, the overall reserves had declined by USD 1.763 billion to USD […]
Rupee sinks to record low with stocks as Ukraine crisis boosts oil
The Indian rupee tumbled to a record low along with stocks and bonds as a spike in oil prices spurred by the war in Ukraine threatened to inflate the nation’s oil-import bill and fan inflationary pressures. The rupee declined as much as 1% to 76.9625 per dollar, past its previous low of 76.9088. Benchmark government bond yields rose six […]
Sensex, Nifty surrender early gains as boiling oil plays spoilsport
Equity indices relinquished early gains to close in the red for the second straight session on Thursday as surging oil prices amid the ongoing conflict between Russia and Ukraine sapped risk appetite. Crude oil prices ratcheted up towards the USD 120 per barrel mark on fears of supply disruptions as western nations tightened sanctions on […]
Rupee slumps 49 paise to 75.82 against US dollar in early trade
The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe. Forex traders said sustained foreign fund outflows, a lackluster trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at […]
Indices end strong after bleak opening session; Tata Steel rises over 6%
Benchmark Bombay Stock Exchange (BSE) Sensex recovered after a weak opening, as the 30-share barometer plunged more than 1,025 points to the day’s low of 54,833.50, before staging a recovery to close 388.76 pts or 0.70 per cent higher at 56,247.28, marking its second session of gains. On similar lines, the broader National Stock Exchange […]
Sensex, Nifty end lower in see-saw session; HDFC bucks trend
Market benchmarks closed in the red after a highly volatile session on Wednesday despite a positive trend in global equities amid signs of cooling of Russia-Ukraine tensions. The 30-share BSE Sensex swung nearly 800 points during the session before closing at 57,996.68 — marking a loss of 145.37 points or 0.25 per cent Likewise, the NSE Nifty see-sawed between […]
Oil prices steady as investors eye US-Iran nuclear talks
Oil prices were mixed on Thursday, after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors await the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures slid 10 cents, or 0.1%, to $91.45 a barrel at 0130 GMT, while U.S. […]
