Financial stocks lift indices, Sensex gains 364 pts; Nifty ends at 11,466

All that happened in the markets today

8:29 AM

Rupee check

Source: Bloomberg

8:27 AM

Oil edges up as storms take aim at Gulf of Mexico

>> Crude oil prices nudged higher on Monday as storms bore down on the Gulf of Mexico, shutting more than half the region’s oil production, although gains were capped by ongoing concerns about demand from coronavirus lockdowns.

 

>> Hurricane Marco and Tropical Storm Laura tore through the Caribbean and Gulf of Mexico on Sunday, forcing energy companies to pull workers from offshore platforms and shut down oil production.

>> Oil producers had shut 58% of the Gulf’s offshore oil production and 45% of natural gas production on Sunday. The region accounts for 17% of total U.S. oil production and 5% of U.S. natural gas output.

>> Brent crude oil futures added 8 cents, or 0.2%, to $44.43 a barrel while US West Texas Intermediate crude was up 7 cents, or 0.2%, to $42.41 a barrel.

(Source: Reuters)

8:25 AM

SGX Nifty update

>> At 8:24 am, the index was at 11,404 level, up 28 points or 0.26 per cent.

8:23 AM

Global stocks jump as investors pin hopes on coronavirus treatment

>> Asian shares advanced for a second straight session on Monday, underpinned by coronavirus hopes after the US Food & Drug Administration (FDA) authorised the use of blood plasma from recovered patients as a treatment option.

(Source: Reuters)
 

8:21 AM

Wall Street on Friday :: S&P 500, Nasdaq end at records after upbeat business surveys

Source: Reuters

7:52 AM

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