India's major ride-hailing company Ola has exited Google Maps and has shifted to its own Ola Maps for cab operations. Bhavish Aggarwal, co-founder and Chairman of the Ola group said that through this move, the company will save nearly Rs 100 crore per year. Last month Aggarwal cut all his ties with Microsoft Azure and shifted his company's entire workload to in-house Artificial Intelligence (AI) firm Krutrim. In a social media post, he asked users to check Ola apps and update if required. Aggarwal said on X, "After Azure exit last month, we’ve now fully exited Google Maps. We used to spend ₹100 cr a year but we’ve made that 0 this month by moving completely to our in-house Ola maps! Check your Ola app and update if needed." Also Read: Google Translate to have 110 new languages with AI's help Aggarwal announced many more new features like street view, NERFs, indoor images, 3D maps, drone maps, etc will be integrated into Ola maps soon. "Many more features coming soon - street view, NERFs, indoor images, 3D maps, drone maps, etc!" Aggarwal said in a social media post. In October 2021, Ola acquired Pune-based geospatial services provider company GeoSpoc. Currently, Ola Maps provides services to its flagship ride-hailing app Ola cabs. At the time of the Krutrim AI launch, Ola announced that it would provide a mapping solution within its Cloud services. Recently, Aggarwal said that “early next year is when you can see our own cells in our own products.” Ola is building a battery cell gigafactory in Tamil Nadu’s Krishnagiri District. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
06 July,2024 03:52 PM IST | New Delhi | IANSBenchmark equity indices fell in early trade on Friday, suggesting profit-taking following a record run in recent trading sessions and selling pressure in blue-chip companies such as HDFC Bank and ICICI Bank. The 30-share BSE Sensex fell 504.27 points to 79,545.40, while the NSE Nifty tumbled 105.30 points to 24,196.85, reported PTI. According to the report, key laggards among the 30 Sensex businesses were HDFC Bank, Mahindra & Mahindra, Titan, Tata Steel, ICICI Bank, IndusInd Bank, Power Grid, and Kotak Mahindra Bank. Sun Pharmaceuticals, JSW Steel, Larsen & Toubro, Hindustan Unilever, Reliance Industries, Infosys, and Tech Mahindra, on the other hand, saw gains. Foreign institutional investors (FIIs) were net purchasers in the capital markets on Thursday, buying shares worth Rs 2,575.85 crore, according to exchange data. "FIIs' huge long position in the index derivatives and strong buying in the cash market can support the market in the near term. An important trigger may come from the US jobs data expected on Friday. If the jobs data show a loosening labour market and a slowing economy, it can lead to rate cuts by the Fed in September," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services told PTI. Seoul led Asian markets up, but Tokyo, Shanghai, and Hong Kong fell. "Most markets in the Asia-Pacific region traded lower due to the absence of cues from US peers, with investors keenly awaiting the non-farm payroll data to be published later on Friday," said Avdhut Bagkar, Technical and Derivatives Analyst at StoxBox. On Thursday, the US markets were closed for Independence Day. Global oil benchmark Brent crude fell 0.37 per cent to USD 87.11 per barrel, according to the PTI report. On Thursday, the 30-share BSE Sensex hit an intraday record high of 80,392.64 in early trade before finishing 62.87 points, or 0.08 per cent higher at 80,049.67, its all-time closing high. The broader Nifty also reached an intraday high of 24,401 before finishing practically flat, up 15.65 points or 0.06 per cent to a record 24,302.15. The rupee rose 5 paise to 83.45 against the US dollar in early trade on Friday, as the US currency fell from its highs and was backed by large foreign money inflows.At the interbank foreign exchange market, the local currency opened at 83.48 and rose to 83.45 versus the US dollar, up 5 paise from the previous close, stated another PTI report.
05 July,2024 12:09 PM IST | Mumbai | mid-day online correspondentOn Thursday, Indian markets reached fresh historic highs, with both major indices setting records in the opening session. The Nifty 50 index opened at a record 24,369 points, while the BSE Sensex hit an all-time high of 80,321.79 points. This positive tendency has continued since the June 10 rally, when the Sensex soared by more than 3,000 points to date, reported ANI. "Strong US and Asian market cues are pointing to another day of strong momentum in India. Weak US economic data is raising hopes for a September rate cut by the US Fed. That probability is up to 73 per cent, and US yields fell in tandem with that outlook," Ajay Bagga, Banking and Market Expert told the news agency. According to the ANI report, in the Nifty 50 index, 34 shares opened higher while 14 shares fell. The top gainers in the Nifty 50 included Hindalco, ICICI Bank, Tata Motors, HCL Tech, and Mahindra & Mahindra. HDFC Bank, Cipla, Dr Reddy's, Shriram Finance, and Adani Entertainment were the biggest losers. The broader market on the National Stock Exchange also showed strong momentum, with all indices, including Nifty Next 50, Nifty 100, and Nifty 200, opening higher. In terms of sectoral performance, all indices save the Nifty Healthcare and Nifty Pharma indices opened higher, indicating widespread optimism in the market, the report stated. "We believe the uptrend is likely to continue as long as the index is trading above 24,200/79,600, which is the lowest point of the previous day. Above 24,200/79,600, the market may rise to 24,400-24,500/80,200-80,500," stated Shrikant Chouhan, Head of Equity Research at Kotak Securities. Reportedly, this optimistic feeling was echoed in global markets as well. Wall Street closed at record highs, boosted by advances in technology sectors. The S&P 500 grew by 0.51 per cent, while the Nasdaq Composite increased by 0.88 per cent. The optimistic trend was also reflected in Asian markets, where Japan's Nikkei 225 surged 0.27 per cent, Korea's Kospi rose 0.87 per cent, and the broader Asia Dow rose 1 per cent. Hong Kong's Hang Seng Index rose 0.56 per cent, ANI report stated. In the commodities market, crude oil prices rose somewhat. West Texas Intermediate (WTI) crude was priced at USD 83.56 a barrel, while Brent crude was trading at USD 87.03. The US Dollar Index (DXY) was slightly higher at 105.30, indicating a rising dollar, the report added. "Looking ahead, investor focus turns to upcoming Q1 earnings reports and financial results, which are anticipated to influence market direction. Foreign Institutional Investors (FIIs) have reversed their market stance, increasing long positions significantly," Varun Aggarwal, MD of Profit Idea, told ANI that foreign institutional investors (FIIs) had flipped their market posture, dramatically expanding long positions.
04 July,2024 10:41 AM IST | Mumbai | mid-day online correspondentHomegrown micro-blogging platform Koo on Wednesday announced to discontinue its services to the public after partnership talks fell through. "We explored partnerships with multiple larger internet companies, conglomerates and media houses but these talks didn’t yield the outcome we wanted," Koo founders Aprameya Radhakrishna and Mayank Bidawatka wrote in a LinkedIn post. “Most of them didn’t want to deal with user-generated content and the wild nature of a social media company. A couple of them changed priority almost close to signing," they added. Koo, which secured more than 60 million dollars in funding from prominent investors like Tiger Global and Accel, faced significant challenges in expanding its user base and generating revenue over the past year. In February, media firm Dailyhunt was in the advanced stages of talks to acquire Koo, TechCrunch reported. Further in the post, the founders mentioned that "at our peak, we were about 2.1 million daily active users and around 10 million monthly active users, over 9000 VIPs, that included some of the most eminent personalities from various fields". "We were just months away from beating Twitter (now X) in India in 2022 and could have doubled down on that short-term goal with capital behind us," they added. The founders also mentioned that the mood of the market and the funding winter "got the better of us." Also read: Easy investment guide for Gen Z: Top tips from finance gurus
03 July,2024 02:02 PM IST | Mumbai | IANSAre you tired of seeing the same limited Netflix library? Do you crave access to global content and an enhanced streaming experience without interruptions? A static residential proxy might just be what you need. In this post, we'll explore the top benefits of buying a static residential proxy and how it can transform your Netflix viewing into an extraordinary adventure. What is a Static Residential Proxies? A static residential proxies provides you with an internet connection that routes through a residential IP address which remains constant rather than changing. This type of proxy combines the reliability and legitimacy of a residential IP with the stability of a static IP, making it particularly effective for activities like streaming, where maintaining the same IP address is beneficial. The Benefits of Buying a Static Residential Proxy for Netflix Unrestricted Access to Global Content Netflix's vast library can vary dramatically from country to country, which can be frustrating if you're located in a region with limited selections. A proxy is a powerful tool in such cases. By routing your internet connection through a proxy server in a different country, your IP address reflects that location, effectively unlocking new Netflix content that was previously inaccessible. For instance, if you’re in Australia but use a proxy located in the US, you can access American Netflix, which often has a wider range of shows and movies. This is particularly beneficial for expatriates who wish to continue watching content from their home countries or movie enthusiasts looking to explore diverse international cinema. Improved Streaming Speed and Reliability One of the key advantages of using a proxy is the enhancement of internet connection stability and speed while streaming. Residential proxies are less likely to be detected and blacklisted by streaming services compared to other types of proxies because they are associated with legitimate residential IP addresses. This means fewer interruptions due to proxy bans, ensuring a smoother viewing experience. Furthermore, because the proxy's IP address does not change, it provides a consistent route for your data, reducing the likelihood of buffering and load failures even during peak times. Enhanced Privacy and Security Privacy concerns are paramount in today’s digital world, especially when using online streaming services. Utilizing a proxy provides a significant layer of anonymity and security by masking your actual IP address. This obscures your physical location and internet activities from potential surveillance and malicious entities. Moreover, it helps protect sensitive personal information from potential interception by hackers. This enhanced security is especially critical if you often use public Wi-Fi networks, which are more susceptible to security breaches. Avoid Bandwidth Throttling ISPs may throttle internet speeds when they detect high bandwidth consumption, particularly during activities like streaming high-definition videos on Netflix. This can lead to a frustrating experience characterized by buffering and reduced video quality. By using a proxy, your streaming activity appears as regular browsing to your ISP, thus circumventing their throttling criteria. This results in consistently better streaming quality, allowing you to enjoy your shows and movies in the best possible resolution without interruptions. Cost-Effective Streaming Enhancement Compared to other methods such as using various VPNs or international travel to access global content, a proxy is a more economical solution. VPNs can often be detected and blocked by Netflix, leading to the "proxy error" message, whereas a proxy typically avoids detection due to its association with a real residential ISP. Moreover, it is a one-time setup that offers long-term benefits without the need for ongoing travel or the continuous purchase of new VPN services, making it a cost-effective way to enhance your Netflix experience. How to Choose the Right Static Residential Proxy Selecting the right proxy provider is crucial to ensure you get the most out of your investment. Consider factors like the variety of IP locations the provider offers, which will affect the range of content you can access. Stability and speed of the connection are also important, particularly for streaming high-quality video without lag. Additionally, look for providers with positive user reviews and robust customer support. Privacy policies and the provider's commitment to data security should also be carefully evaluated to ensure your online activities remain confidential and protected. Conclusion Buying a static residential proxy offers significant advantages for Netflix users looking to enhance their streaming experience. From accessing a broader range of content and enjoying improved streaming quality to enhancing online security, the benefits are clear. If you're ready to take your Netflix experience to the next level, consider investing in proxy. Ready to explore the possibilities? Check out our recommendations for the best static residential proxies on the market and get ready for a world of endless entertainment.
02 July,2024 09:40 PM IST | Mumbai | Krishna Prasad | Krishna PrasadMarket regulator Securities and Exchange Board of India (SEBI), as per directions by the Supreme Court, has issued a show-cause notice to Hindenburg Research, its sole beneficial owner Nathan Anderson and Mark Kingdon who is the ultimate beneficial owner of Mauritius-based entities, for trading violations in the scrip of Adani Enterprises, leading up to Hindenburg report and thereafter. In the show-cause notice, it is alleged that Hindenburg colluded with others to build short positions in the scrip of Adani Enterprises Limited (AEL). Hindenburg and Anderson are also alleged to have disseminated misleading information through the Hindenburg report (dated January 24, 2023), thereby inducing panic selling in AEL, among other securities. The Supreme Court, by its judgment and order dated January 3, 2024, issued directions to SEBI and the investigative agencies of the Union government to probe into whether the loss suffered by Indian investors due to the conduct of Hindenburg and any other entities in taking short positions involved any infraction of the law and if so, to take suitable action. In a previous order passed in the Writ Petitions, the Supreme Court took note of the loss of investor wealth in the aftermath of the report and recognised the dire need to protect Indian investors from unanticipated volatility in the market. SEBI's investigation exposed that Kotak Mahindra and Hindenburg conspired together to take short positions in Adani shares. Hindenburg agreed to take a 25 per cent profit cut from shorting, resulting in millions of dollars in profit. Chats from Kotak Mahindra bank executives, mentioned by SEBI in their show-cause notice, reveal how Kotak set up offshore funds to route money and take short positions in Adani futures, generating profits of $22.11 million. SEBI's show-cause notice also exposes how Hindenburg's report was full of conjectures, lies and misrepresentations, with the sole intention of maximising profits from their short positions. Instead of addressing SEBI's investigation, which is based on documents and proof obtained from US courts and SEC records, Hindenburg has started attacking SEBI, calling them biased. Despite claiming small profits from shorting Adani, SEBI's investigation reveals Hindenburg also made $9.2 million by taking short positions in ETFs and options on the MSCI India Index, and trading in bonds of Adani Electricity Mumbai Limited, AGEL, and APSEZ. SEBI also found that Hindenburg misrepresented Supreme Court judgment findings, alleged government corruption and bribery without proof. The show-cause notice states as to why action should not be taken against them under Sections 11(1), 11(4), 11(4A), 11B(1) and 11B(2) -- read with Sections 15HA and 15HB of the SEBI Act, 1992 -- which provide for the issuance of directions, including restraint from access to the securities market, and levying of monetary penalty. Hindenburg has claimed that it did not provide research notice to Kingdon prior to sharing the draft report and Kingdon did not share the trading notice with Hindenburg before the report was shared publicly through mass email.
02 July,2024 02:43 PM IST | Mumbai | IANSEarly trading on Tuesday saw the equity benchmark indexes Sensex and Nifty reach new all-time highs, propelled by a surge in global markets and robust purchasing of IT stocks. In early trading, the 30-share BSE Sensex increased 379.68 points to a record high of 79,855.87. The Nifty reached a record high of 24,236.35, up 94.4 points, reported PTI. According to the report, among the Sensex stocks, the top gainers were Power Grid, HDFC Bank, Bharti Airtel, Infosys, HCL Technologies, and Tata Consultancy Services. ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, and Tata Motors all experienced decreases. Profit booking surfaced despite the positive start, which led the indices to reduce early gains and trade in negative territory. The larger NSE Nifty dropped 25.65 points, or 0.11 per cent, to 24,116.30 points, while the BSE Sensex slid 77.93 points, or 0.10 per cent, to 79,398.26 points. The BSE benchmark closed at an all-time high of 79,476.19 on Monday, up 443.46 points, or 0.56 per cent. The Nifty increased by 131.35 points, or 0.55 per cent, to end at 24,141.95, a new all-time high, the report added. Per the news report, Seoul saw a decrease on Tuesday, but Tokyo, Shanghai, and Hong Kong saw positive activity. On Monday, US markets concluded the day higher. According to sources on Monday, India's gross GST collection rose by 8 per cent to Rs 1.74 lakh crore in June. The benchmark for world oil, Brent crude, increased 0.23 per cent to USD 86.80 a barrel. According to market data, foreign institutional investors (FIIs) sold stocks on Monday for a total of Rs 426.03 crore, the report added. Rupee falls 12 paise to 83.56 against US Dollar in early trade Meanwhile, in early trade on Tuesday, the rupee fell 12 paise to 83.56 against the US dollar, weighed down by the dollar's strength in global markets and rising crude oil prices. Forex traders noticed that oil importers and foreign portfolio investors (FPIs) purchased US dollars as US yields rose, putting more pressure on the currency. The rupee opened at 83.51 versus the dollar on the interbank foreign exchange market before falling to 83.56, a 12-paise drop from its previous closing level. On Monday, the rupee had already depreciated by 10 paise to settle at 83.44 against the US dollar. Initially, the rupee saw dollar inflows and rose to 83.37, but was then sold off to 83.44 levels as oil companies and FPIs bought dollars in response to rising US yields, explained Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP, the report added. Bhansali predicted that the rupee would reach 83.55 before settling around 83.45, with a day trading range of 83.40 to 83.55. Meanwhile, the dollar index, which measures the greenback's strength against a basket of six currencies, was trading slightly higher at 105.91, up 0.02 per cent, following a rise in US government yields as investors weighed the potential consequences of a second Trump administration. Brent crude futures, the global oil benchmark, rose by 0.22 per cent to USD 86.80 per barrel. With PTI inputs
02 July,2024 10:00 AM IST | Mumbai | mid-day online correspondentProperty registrations in the Mumbai municipal region rose by 12 per cent year-on-year in June, reaching 11,575 units due to increased demand for housing, according to Knight Frank. According to data from the Maharashtra government web, collated by real estate expert Knight Frank, Mumbai city (under Brihanmumbai Municipal Corporation jurisdiction) registered 11,575 units in June, up from 10,319 units the previous year. However, this was slightly less than May's 12,000 registrants, reported PTI. Per the PTI report, the majority of these registrations were for housing properties. Strong buyer confidence has kept monthly property registrations in Mumbai above 10,000 throughout the first half of 2024. June 2024 saw the largest number of property registrations of any June in the previous 12 years. Knight Frank credited this growth to increased economic prosperity and a positive attitude towards homeownership. The PTI report quoted Shishir Baijal, Chairman & Managing Director of Knight Frank India, stating, "The continuous year-on-year growth in property sale registrations underscores the resilience of Mumbai's real estate market". Despite rising property prices, Baijal highlighted that home registrations have remained solid, indicating buyers' confidence in the country's economic prospects. He expects this upward trend to continue, fueled by solid GDP growth, growing income levels, and low interest rates, the report added. "This positive trend is expected to persist, driven by strong GDP growth, rising income levels, and a favourable interest rate environment," Baijal said. Akhil Saraf, founder and CEO of proptech startup Reloy, commented on the trend, stating that real estate demand is increasing, with both end users and investors actively buying homes. He emphasised that the increase in average revenue collection from stamp duty and registration fees reflects rising property prices. Despite this, demand is strong, demonstrating buyer optimism about the economy and its prospects, the news agency reported. "The rise in average revenue collection through stamp duty and registration fees also indicates an increase in property prices. Despite this, demand remains strong, reflecting positive sentiments and confidence of buyers and investors towards the economy and future prospects," Saraf said, per the report, and added, "Developers are aligning their product launches with the types of properties currently in demand."
30 June,2024 12:59 PM IST | Mumbai | mid-day online correspondentAfter opening at a record high on Wednesday, the Indian benchmark indices traded flat. The Nifty 50 finished at 23,408, down 36 points, despite reaching a new high of 23,664.00. In contrast, the Sensex closed in green at 77,331, up 54 points. The Bank Nifty gained nearly 1,400 points, setting a new all-time high. Private banks outperformed the Nifty, with HDFC Bank, Axis Bank, RBL Bank, ICICI Bank, IndusInd Bank, and Kotak Bank all making large gains. Notably, the Nifty Bank index rose to 51,900 for the first time, led by Axis Bank, HDFC Bank, ICICI Bank, and IndusInd Bank. Bank stocks gained approximately Rs 81 crore in market capitalisation during the day, reported ANI. According to the report, banking and market expert Ajay Bagga stated, "Volatile day, with banks shining and some IT counters rising in an otherwise flat to lower day. The broader indices were also lower. High-flying sectors like defence saw profit taking and fell sharply from lofty levels that were being decried by experienced investors as a source of worry." He continued, "Overall a flat day with selling coming in at every rise. Markets likely taking money off the table while fresh inflows are being directed into large private sector banks given their relative underperformance over the last few months." Axis Bank's stock climbed after reports that it expanded its stake in Max Life from 19.02 per cent to 19.99 per cent, the ANI report stated. The news agency report further stated that sectoral indices such as FMCG, Media, Metal, Pharma, and Realty stayed in the red, extending their losses from the previous trading day. In contrast, public and private banks, as well as financial and information technology equities, did strongly. Major IT companies, such as Wipro and HCL Tech, reported growth. Adani Ports also traded in the green. Meanwhile, according to a PTI report, the BSE benchmark Sensex rose 308.37 points, or 0.40 per cent, to settle at 77,301.14 on Tuesday. The Nifty rose by 92.30 points, or 0.39 per cent, to a record closing high of 23,557.90. The rupee was volatile, trading between 83.35 and 83.50, with strength at the open at 83.35, the ANI report stated.
19 June,2024 04:05 PM IST | Mumbai | mid-day online correspondentThe Securities and Exchange Board of India (SEBI) has recommended stiffer guidelines for including individual equities in the derivatives segment. This programme seeks to eliminate equities with continuously low turnover from the Futures & Options (F&O) division of stock exchanges. SEBI underlined the hazards associated with low-turnover derivatives equities in a consultation paper released earlier this month, including potential market manipulation, higher volatility, and weakened investor protection. "Without sufficient depth in the underlying cash market and appropriate position limits around leveraged derivatives, there can be higher risks of market manipulation, increased volatility, and compromised investor protection," SEBI said per the PTI report. According to the report. SEBI stressed the need to ensure that the derivatives section only includes high-quality stocks that are large, liquid, and have market depth. To that aim, SEBI suggests revising the existing market eligibility criteria to reflect changing market conditions. The last review of these criteria was done in 2018. According to the proposed plan, a stock must meet numerous requirements in order to be qualified for derivative trading:1. It must have traded on at least 75 per cent of trading days.2. At least 15 per cent of active traders, or 200 members (whichever is lower), should have traded the stock.3. The average daily turnover should be between Rs 500 and Rs 1,500 crore.4. The average premium daily turnover must be at least Rs 150 crore. Furthermore, the plan calls for increasing the maximum number of open contracts for the underlying stock from Rs 500 crore to Rs 1,250 crore to Rs 1,750 crore. These strategies seek to ensure that derivatives stocks have adequate turnover, open interest, and widespread involvement, the report added. SEBI further directed that equities should continue to be chosen from the top 500 based on their average daily market capitalization and average daily traded value. The stock's Median Quarter-Sigma Order Size in the last six months should be between Rs 75 and Rs 100 lakh, up from the present minimum of Rs 25 lakh. The minimum rolling average daily delivery value in the cash market for the past six months should be Rs 30-40 crore, an increase from the present Rs 10 crore. If a stock fails to achieve these conditions for three months in a row, it will be withdrawn from the derivatives segment, and no new contracts will be issued for that stock. SEBI is accepting public feedback on the proposal until June 19, the report added.
18 June,2024 01:38 PM IST | Delhi | mid-day online correspondentDomestic markets began the week on a positive note, with both the Nifty 50 and the BSE Sensex rising. The Nifty 50 surged by 60 points to 23,529, while the BSE Sensex climbed 101 points to 77,195 shortly after trading began. Except for Nifty Pharma, Nifty Healthcare, and Nifty MidSmall Healthcare, all sectoral indices began the week strongly, reported ANI. According to the report, the markets reopened today after being closed on Monday for Eid al-Adha. Ajay Bagga, a banking and market specialist, highlighted significant market drivers, such as the incoming government's 100-day agenda and future Union Budget initiatives. He also emphasised the importance of selecting the Speaker of the Lok Sabha and announcing the BJP President. "PSU companies, banks, capital goods, infrastructure, railways, and defence stocks are the preferred bets in the Indian markets," he stated per the ANI report. Reportedly, the top gainers in the Nifty 50 were Adani Enterprises, Wipro, Adani Ports, Mahindra & Mahindra, and Titan. The top losers were Dr Reddy's, Maruti, TCS, HDFC Life, and Divis Labs. Hindustan Aeronautics' shares rose more than 4 per cent after winning a Defence Ministry procurement worth more than Rs 45,000 crore for 156 Light Combat Helicopters. All NSE indices, including the Nifty 100, Nifty Next 50, Nifty Midcap, and Nifty Smallcap, rose in early trading. Asian markets rose, boosted by gains in US technology behemoths, however, Chinese equities were pressured by a worsening housing downturn in May. The Australian central bank is set to keep its benchmark interest rate at 4.35 per cent, while US markets await retail sales data and Federal Reserve speeches ahead of Wednesday's holiday, the ANI report stated. European stock markets fluctuated due to fears over the forthcoming French election, with France's index rising nearly 1 per cent and Germany's index rising 0.4 per cent. In the commodity market, gold fell 0.5 per cent to USD 2320/ounce as traders awaited signals from US authorities. Brent crude rose 2 per cent to a one-month high above USD 84 a barrel on expectations of rising global demand and OPEC+ continuing production cuts, the ANI report further stated.
18 June,2024 12:48 PM IST | Mumbai | mid-day online correspondentADVERTISEMENT
