Indian (SENSEX) stock-index futures dropped amid concern the rupee’s slump to a record low will restrict the central bank’s scope to cut interest rates at a policy review next week. SGX CNX Nifty Index futures for June delivery fell 0.4 percent to 5,882 at 10:01 a.m. in Singapore. The underlying CNX Nifty (NIFTY) Index dropped Read More
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India’s (SENSEX) benchmark stock index rose to a one-week high on speculation the central bank will resume lowering borrowing costs after holding interest rates today. Automakers led the gains. The S&P BSE Sensex jumped 0.8 percent to 19,325.87 at the close in Mumbai. Volume on the gauge was 15 percent below the 30-day average. Tractor Read More
Indian (SENSEX) stock-index futures dropped, signaling benchmark indexes may extend yesterday’s slump to a seven-week low. SGX CNX Nifty Index futures for June delivery fell 0.6 percent to 5,757.5 at 9:54 a.m. in Singapore. The underlying CNX Nifty (NIFTY) Index dropped 1.5 percent to 5,788.80 yesterday, the lowest close since April 18. The S&P BSE Read More
Indian stock-index futures declined as overseas investors extended a sell-off of local shares and the U.S. Federal Reserve Chairman Ben S. Bernanke said bond purchases may be cut. SGX CNX Nifty Index futures for June delivery dropped 1.1 percent to 5,752 at 9:47 a.m. in Singapore. The underlying CNX Nifty (NIFTY) Index on the National Read More
Indian (SENSEX) stocks extended yesterday’s plunge after the rupee tumbled to near a record low and as overseas funds capped the longest selloff in 18 months. The S&P BSE Sensex fell 0.3 percent to 18,664.4 at 9:38 a.m. in Mumbai after losing 2.7 percent yesterday, its biggest drop since Sept. 22, 2011. declines among banks. Read More