Finance -

Rupee erases previous gains, tumbles 20 paise against US dollar

TazaPulseJuly 8, 2026

Rupee began Wednesday on a weak note against the US dollar, surrendering gains it made in the previous session. The currency began the day at 95.15 in the interbank foreign exchange market and slipped to 95.16 in early trade, a decline of 20 paise from its previous close of 94.96 against the greenback. On Tuesday,...

Stock market today: BSE Sensex plunges over 500 points; Nifty50 below 24,290 as renewed Middle East conflict rattles markets

TazaPulseJuly 8, 2026

Equity markets head into Wednesday with global developments taking centre stage after crude oil prices jumped nearly 3% in early trade following US military strikes on Iran, reviving concerns over disruptions in the Strait of Hormuz. Back home, Sensex ended Tuesday 104.35 points lower at 78,180.72, while Nifty50 slipped 31.65 points to 24,398.70, with gains...

Gold Price Today: Spot gold hits one-week low, slips to $4,100 per ounce

TazaPulseJuly 8, 2026

Gold price today: Yellow metal fell Rs 1,400 in previous session Gold prices have recorded a steep decline in the domestic market, with the price of 99.9% purity gold falling by Rs 1,400 to Rs 1,49,250 per 10 grams from the previous session. Silver also moved lower, shedding Rs 200 to Rs 2,39,800 per kilogram...

Crude loses cool: Oil prices soar 3% as Middle East tensions flare again

TazaPulseJuly 8, 2026

Calm in the oil markets proved short-lived as prices jumped nearly 3% in early Wednesday trade. The spike came after the United States launched military strikes against Iran in response to attacks on commercial vessels in the Strait of Hormuz, stoking fears that the fragile truce was beginning to unravel and threatening one of the...

service output index to be released next month

Services index to debut on July 14, exclude health, education

TazaPulseJuly 8, 2026

New Delhi: Starting next Tuesday, India’s official statistical machinery is set to release the index of services production (ISP), with base year 2024-25, which will act as a high frequency indicator to gauge short- term economic momentum, covering nearly two-third of gross value added (GVA) of the sector.Till now, policymakers have only relied on the...

US companies’ caution higher tariffs may hit manufacturing push

TazaPulseJuly 8, 2026

New Delhi: Top companies, including American giants, have cautioned USTR that its move to impose additional tariff of up to 12.5% on 60 countries, including India, will push up costs for consumers and businesses, with several of them seeking exemptions for specific products.“The practical effect would be to make it more expensive to build in...

Finance

Traders on Kalshi think the Nasdaq-100 will end 2026 above 30,000

TazaPulseJuly 8, 2026

Traders work at the New York Stock Exchange on June 29, 2026. NYSE The Nasdaq-100 is up about 18% in 2026, but traders on prediction market platform Kalshi don’t think the index will move much higher in the second half of 2026. Speculators place about 50-50 odds that the tech-heavy index will close 2026 above...

indian state refiners ready for iran oil if us extends waivers

US revokes license for Iranian oil sales as 3 British tankers hit in Strait of Hormuz

TazaPulseJuly 8, 2026

The United States on Tuesday revoked a 60-day sanctions waiver that had allowed the sale of Iranian oil, according to the Treasury Department. The license, issued last month as part of an interim agreement to halt fighting between the US and Iran, had temporarily eased restrictions on Iranian oil exports. Treasury officials did not immediately...

getty scraps 37 billion shutterstock deal after uk antitrust requires key sale

Getty Images calls off Shutterstock merger after UK regulator’s divestment demand

TazaPulseJuly 8, 2026

A sign for the Seattle office of Getty Images Inc., is shown Monday Getty Images, an American visual media company, has abandoned its planned merger with Shutterstock, ending the proposed $3.7 billion deal after deciding not to accept a UK competition regulator’s requirement to sell Shutterstock’s editorial business.The two companies unveiled the all-stock merger in...

US stock market today: Wall Street sees mixed performance; Dow rises 0.3%, Nasdaq falls 0.8% as AI stocks slide

TazaPulseJuly 7, 2026

Waal Street shows mixed results, AI stocks slide US stocks traded mixed on Tuesday, with losses in artificial intelligence (AI) and semiconductor stocks weighing on the broader technology sector despite gains in most other shares.The Nasdaq Composite fell 0.8 per cent in early trading, dragged down by declines in major chipmakers, while the S&P 500...