Oil prices slide on worries over China economy and higher crude output

By Administrator_India Capital Sands Oil prices fell on Monday on worries over China’s economy after a survey showed factory activity growing at its slowest pace in 17 months in the world’s second-largest oil consumer, concern compounded by a rise in oil output from OPEC producers. Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by 0116 GMT while U.S. West Texas Intermediate (WTI) crude futures dropped 69 cents, or 0.9%, to…

"Oil prices slide on worries over China economy and higher crude output"

Oil falls but heads for strong weekly gain on demand growth

By Administrator_India Capital Sands Oil prices fell on Friday but were on track to post solid gains for the week with demand growing faster than supply, while vaccinations dampen the impact of a resurgence in coronavirus cases worldwide. Brent crude futures fell 40 cents, or 0.5%, to $75.65 a barrel by 0151 GMT, following a 1.75% jump on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 38 cents, or 0.5%, to $73.24 a barrel,…

"Oil falls but heads for strong weekly gain on demand growth"

Oil prices slip but remain near $75 after large inventory drawdown

By Administrator_India Capital Sands Oil prices slipped but remained near $75 per barrel on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell last week to their lowest since January 2020 and imports and production dropped. Brent crude oil futures fell 5 cents, or 0.1%, to $74.69 a barrel by 0108 GMT while U.S. West Texas Intermediate (WTI) crude oil futures slipped by 4 cents, or 0.1%, to $72.35 a…

"Oil prices slip but remain near $75 after large inventory drawdown"

Nifty Seen Opening Marginally Higher; Maruti Suzuki, IndiGo In Focus

By Administrator_India Capital Sands The Indian equity benchmarks are set to open higher as indicated by the Nifty futures on Singapore Exchange amid subdued cues from other Asian markets. Nifty futures on Singapore Exchange also known as the SGX Nifty futures advanced 42 points to 15,783. Meanwhile, Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets, while the dollar rested with traders reluctant to…

"Nifty Seen Opening Marginally Higher; Maruti Suzuki, IndiGo In Focus"

No plan to print currency notes to tide over economic crisis: Sitharaman

By Administrator_India Capital Sands The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday. To a question on whether there is any plan to print currency to tide over the crisis, the Finance Minister said, “No Sir”. Many economists and experts have suggested the government to resort to printing more currency notes to support the economy ravaged by the spread of COVID-19,…

"No plan to print currency notes to tide over economic crisis: Sitharaman"

Delhi Metro trains start running with 100% seating capacity; standing not allowed in coaches

By Administrator_India Capital Sands The Delhi Metro Rail Corporation (DMRC) till Sunday was running trains with 50 percent seating capacity, after the services had resumed after a long hiatus on June 7. Also, to handle increase in volume of commuters, 16 additional entry gates have been made operational at 16 stations (one at each station) across the network from Monday onwards to facilitate the movement of passengers. The DMRC is already facilitating passenger entry at…

"Delhi Metro trains start running with 100% seating capacity; standing not allowed in coaches"

Sentiments in property market turns pessimistic in April-June: Report

By Administrator_India Capital Sands Sentiments in the real estate market turned pessimistic during the April-June quarter because of the outbreak of the second wave of COVID-19 pandemic but the future outlook for the next six months remains optimistic, according to a survey by Knight Frank, FICCI and Naredco. In the 29th edition of Real Estate Sentiment Index Q2 2021, the consultant said the current sentiment score dropped to 35 in April-June 2021 from 57 in the first quarter of…

"Sentiments in property market turns pessimistic in April-June: Report"

Gold hovers near 1-week low as risk appetite returns; ECB meet in focus

By Administrator_India Capital Sands Gold prices fell on Thursday, hovering near a more than one-week low, weighed down by a stronger dollar and a rebound in risk sentiment as investors looked past economic threats from rising cases of the Delta coronavirus variant. Spot gold was down 0.3% at $1,798.27 per ounce, as of 0313 GMT, after hitting its lowest since July 12 at $1,793.59 in the previous session. U.S. gold futures eased 0.3% to $1,798.70…

"Gold hovers near 1-week low as risk appetite returns; ECB meet in focus"

Markets fall for third day on the trot amid delta variant worries

By Administrator_India Capital Sands The benchmark indices fell for the third day in a row, as rising coronavirus infections created fresh worries about business disruption and derailing economic recovery. Inflation concerns also kept investors on tenterhooks. Many countries, especially in Asia, have been forced to impose stricter lockdown measures as they are grappling with curbing the Delta variant of Covid-19. The benchmark Sensex shed 355 points to end the session at 52,198, a fall of 0.7 per…

"Markets fall for third day on the trot amid delta variant worries"

IT minister, Rahul Gandhi, Prashant Kishor among Pegasus ‘targets’

By Administrator_India Capital Sands The government on Monday denied claims that it had used spyware Pegasus to “compromise” the phone data of some persons but The Wire, the news portal which was a part of the Pegasus project that investigated possible snooping using the Israeli spyware in many countries, published fresh data that revealed IT minister Ashwini Vaishnaw himself was on a long list of people who might have been victims. The entire Opposition walked…

"IT minister, Rahul Gandhi, Prashant Kishor among Pegasus ‘targets’"