Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Monday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stocks turn negative at midday Monday
Bangladesh’s stocks could not sustain opening’s positive trend and turned negative at midday on Monday as investors are mostly on selling mode ahead of the holy month of Ramadan.
63 killed in India storms
Thunderstorms and rains lashed four states of India leaving at least 63 people dead and nearly hundreds injured on Sunday night, officials said today.
Sensex trading flat ahead of Karnataka poll results; Sun Pharma, Dr Reddy’s stocks spurt
Domestic indices opened the session on a flat note as industrial production (IIP) data slowed to a five-month low of 4.4 per cent in March. Traders also keenly await the exit poll outcome of the Karnataka State election. The BSE index opened up 6.14 points or 0.02 per cent at 35,541.93 and the NSE index down 3.15 points or 0.03 per cent at 10,803.35.
Indian rupee gains 12 paisa to 67.21 on fresh dollar selling
The Indian rupee strengthened by 12 paisa to 67.21 against the dollar in early trade due to fresh selling of the US currency by exporters and banks and a firm domestic equity market.
Malaysia markets turn positive after surprise election, as rest of Asia edges up
Most Asian markets edged higher on Monday, with Malaysian stocks recovering after dropping at the open as markets reopened after an election. Meanwhile, oil prices were slightly lower, paring more gains after touching multi-year highs last week.
Gold prices rise as US rate hike view grounds dollar
Gold prices rose on the back of a subdued dollar on Monday as investors considered the prospects of slower interest rate hikes in the United States.
Oil cautious on rise in US drilling, Iran sanctions opposition
Oil prices edged lower on Monday as a relentless rise in U.S. drilling activity points to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran.