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Nifty at record close; financials, consumer staples bolster

India's NSE index marked its highest ever close on Friday, helped mainly by financial and consumer staple stocks and as Asian peers recovered on hopes of Sino-U.S. trade talks next week.

Recent Business News

Crude shipments to India's BPCL refinery delayed due to heavy rains - sources

SINGAPORE Crude oil shipments to Bharat Petroleum Corp Ltd's Kochi refinery in India are delayed due to heavy rains preventing vessels from berthing, two industry sources familiar with the matter told Reuters on Friday.

3:13pm IST

Growing trade risks may soon sour foreign appetite for Asian bonds

Foreigners turned net buyers of Asian bonds in July after three monhts of aggressive selling, but the esalating trade dispute between China and the United States and Turkey's economic crisis paint a gloomy outlook for continued regional inflows.

3:27pm IST

Turkey's lira weakens more than 6 percent on threat of more U.S. sanctions

ISTANBUL Turkey's battered lira weakened more than 6 percent against the dollar on Friday, after a U.S. warning that Ankara should expect more economic sanctions unless it hands over the detained American evangelical pastor Andrew Brunson.

3:32pm IST

Japan Mitsubishi Corp to acquire 25 percent stake in Bangladesh LNG terminal

SINGAPORE Japan's Mitsubishi Corp on Friday said it has agreed to acquire 25 percent of Bangladesh's Summit Liquefied Natural Gas (LNG) terminal and plans to help develop an offshore receiving site in the South Asian country.

South Asia, Japan 3:34pm IST

India's palm oil imports set to hit six-year low - industry official

MUMBAI India's palm oil imports are likely to fall 15 percent in 2017/18 from the year before to their lowest in six years, hit by a hike in import taxes, a weaker rupee and tighter credit for would-be buyers, a senior industry official told Reuters.

3:46pm IST

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Sensex 37,947.88 + 284.32 +0.75%
Nikkei 22,270.38 + 78.34 +0.35%
Hang Seng 27,213.41 + 113.35 +0.42%
EUR/INR 79.783 +0.08%
USD/INR 70.090 +0.01%
GBP/INR 89.077 -0.05%
Gold 1,176.10 -0.10 -0.01%
Oil 65.71 +0.25 +0.38%
Corn 364.00 -1.25 -0.34%

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