Gold Silver Reports – Stock indices on Friday closed on a higher note ahead of Christmas as benchmarks Sensex and Nifty rallied to all-time peaks, with IT, technology and capital goods leading the gain. While the Sensex inched near 34,000, the Nifty ended slightly short of 10,500. In intraday, both scaled life highs.
Stock Market
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Stocks Trading Mixed; Dollar, Euro, Yen Steady
Gold Silver Reports – Stocks were mixed amid growing optimism that U.S. legislators are on the brink of passing sweeping tax cuts.
U.S. Stocks, Dollar Fall as Tax Debate Heats Up
Gold Silver Reports – U.S. equities slumped, with small caps leading losses, and the dollar erased a gain as concern mounted that the Republican tax overhaul package may struggle to pass the Senate.
All major U.S. equity gauges were lower. The S&P 500 Index dropped in afternoon trading after Republican Senator Marco Rubio’s spokeswoman said he told Senate leaders he’ll oppose tax legislation unless they agree to a larger child tax credit. Republicans can only afford to lose two votes and still guarantee passage.
Bitcoin Futures Trading Opening Brings Crypto to Wall Street
Gold Silver Reports – Bitcoin Futures Trading Opening Brings Crypto to Wall Street – Bitcoin has landed on Wall Street, and it was welcomed by traders. Cboe Global Markets Inc. started letting people buy and sell bitcoin futures Sunday evening.
Why the Stock Wobble Isn’t Helping Gold
Gold Silver Reports – Why the Stock Wobble Isn’t Helping Gold – Falling stock prices and geopolitical risks haven’t done much to support gold amid expectations of tighter U.S. monetary policy.
Sensex, Nifty Close Lower as RBI Decision Awaited
Gold Silver Reports – The BSE Sensex and NSE Nifty closed marginally lower on Tuesday as traders are cautious ahead of the Reserve Bank of India’s policy decision on Wednesday. The Nifty PSU Bank rose 1.37% led by SBI, which was up 2.17%. On the losing side, the BSE Power fell 1.06%. SBI, Bharti Airtel and Reliance Industries were the top gainers, while Hero MotoCorp, Wipro and Tata Steel were among the major losers.
Inside TCS’s transition led by CEO Rajesh Gopinathan
Gold Silver Reports – Tata Consultancy Services Ltd’s (TCS’s) chief executive officer (CEO) Rajesh Gopinathan likens his role at India’s biggest software services company to that of a conductor leading a musical ensemble.