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About 65% of the Nifty futures contracts were rolled over to May series, according to the exchange data. This is far lower than the previous series of 74% as well as the three-month average of 75%.

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Gold is seen as a safe haven due to its lack of credit risk, and the recent global banking credit crisis, negative US consumer data, rising central bank stockpiling and weakening of the dollar index is driving demand. Gold is near a make-or-break area at its resistance point near all-time high levels of 2089-2090. While an intraday spike is expected, new purchases at these levels carry significant risks. A better strategy is waiting for a clear breakout before taking a trade in the direction of the breakout.

SBI raises $750 million via bonds

Updated at : 2023-04-27 23:20:01

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"The bonds will be issued through our London branch as of May 5, 2023 and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City," it said.

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The Windows software maker rose as much as 8% Wednesday after reporting strong quarterly results as corporate cloud-computing demand remained resilient. If the gains hold, the company will add $151 billion in market value, the most in the company’s history, according to data compiled by Bloomberg.

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Leased 5.1 msf across 100 deals at 16% leasing spreads, highest deal activity over last seven years

US stocks open higher as upbeat earnings lift mood

Updated at : 2023-04-27 20:20:02

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The Dow Jones Industrial Average rose 79.79 points, or 0.24%, at the open to 33,381.66.

Revenue from operations during the reporting quarter surged 22% to Rs 8,691 crore as against Rs 7,128 crore in the same quarter a year ago.

Gold climbs Rs 520; silver jumps Rs 440

Updated at : 2023-04-27 19:20:01

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In the overseas markets, both gold and silver were quoting higher at USD 1,999 per ounce and USD 25.05 per ounce, respectively.

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​Buying in index majors Infosys and Reliance Industries added to the optimism in the equity market.

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