Indian Rupee Rebounds After RBI Intervention

The Indian rupee got a little better. Is now around 90.5 per dollar. It had gone down to 91 which is the lowest it has ever been. The Reserve Bank of India told the state-run banks to sell some of their dollars. This made the Indian rupee get a bit stronger again.. The Indian rupee is still having a tough time because of all the uncertainty about the trade talks, with the United States.

The Indian markets closed a little lower today.. The Public Sector Unit banks did really well. The Indian markets were down. The Public Sector Unit banks were a good performer. Overall it was not a day, for the Indian markets but the Public Sector Unit banks did their job well.

The Indian stock markets ended the day a bit lower. The Sensex went down by 120 points which’s a very small decrease of 0.14 percent to 84,560. At the time the Nifty was staying near 25,800. But Indian stock markets like the PSU bank stocks were actually doing well the Nifty PSU Bank index was up, by 1 percent.

Mixed Sector Performance: IT Gains, FMCG and Financials Fall

The market had a mixed day. The Nifty IT index went up by 0.41 percent. This was because of the technology stocks.

The Nifty IT index did well.

The Financial Services sector fell by 0.50 percent. The FMCG sector fell by 0.39 percent, which affected the whole market. The Financial Services and FMCG sectors did not do well.

People are selling Midcap Stocks and Smallcap Stocks. This is what is happening with Midcap Stocks and Smallcap Stocks now. There is a lot of selling going on in Midcap Stocks and Smallcap Stocks.

Midcap stocks and smallcap stocks are not doing well. The Nifty Midcap 100 index went down by 0.38 percent to 59,484. The BSE SmallCap index also went down it fell by 0.68 percent to 50,397. This means that Midcap stocks and smallcap stocks investors are being very careful.

IGL Tops Gainers List

Indraprastha Gas, also known as IGL was the performer of the day. The Indraprastha Gas stock went up by 6.11 percent to ₹194.62.

Reliance Infrastructure also did well it was up, by 5 percent.

The Aditya Birla Retail stock rose by 4.63 percent. Indraprastha Gas was really the gainer of the day.

Chinese Tech Rally Lifts Asian Markets

Asian markets received a boost from China. The CSI 300 index went up by 1.8 percent, which’s the best it has done in more than three months. The ChiNext index increased by than 3 percent and this was because of a lot of buying in Asian tech stocks and Asian hardware stocks particularly, in the Asian markets.

Gold Nears Record High on Safe-Haven Demand

Gold prices are really close to being the highest they have ever been. The price of gold went up to about $4,330 for one ounce of gold. This happened because of all the problems and uncertainty going on around the world. Gold prices have gone up by, than 62 percent compared to this time last year. Gold is doing well and gold prices are still going up.

Silver has really gone up to an all-time high. The price of silver is now higher than it has ever been before. This is a deal for people who buy and sell silver. The new all-time high, for silver is very interesting.

Silver prices have gone up to $65 per ounce which’s a new record. This year the price of silver is up a lot, 130%. The reason for this is that people really want to buy silver to use in things like panels and electric vehicles and data centers. This is why silver prices keep going up. Silver is really, in demand now so the price of silver is getting higher and higher.

Brent Crude Gains Despite Monthly Losses

Brent crude oil prices went up by 1.34 percent to sixty dollars. Seventy one cents per barrel.

The Brent crude oil prices are still lower with the gain today.

The Brent crude oil prices are down eight percent for this month and, over eighteen percent compared to the last year because people are not buying as much Brent crude oil as they used to.

Oracle Shares Rise on AI Data Center News

Oracle shares climbed 2.02% to $188.65. Investors are reviewing the company’s large spending plans for AI data centers. The stock is still well below its 52-week high of $345.72, as concerns remain over costs and funding.