Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Thursday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.
Bangladesh’s stocks witness sharp fall amid selling spree
Bangladesh’s stocks witnessed sharp fall on Thursday as investors were mostly on selling spree, fearing further fall of stock prices.
Sensex drops 218 points; Nifty closes at 10,977
The Sensex and Nifty fell for the second consecutive session on Thursday after the US Fed hiked interest rates and struck a hawkish stance amid rising crude oil prices. Offloading of long bets in the F&O segment instead of carrying them forward to the October series dampened the domestic sentiment.
Indian rupee ends flat at 72.60
The Indian rupee ended flat at 72.60 on mild dollar selling by banks and exporters. However, capital outflows from the domestic equity market capped the rupee’s gains.
Asia markets down after Fed Chair Powell spurs Wall Street declines
Asia markets were largely negative on Thursday, on the back of U.S. Federal Reserve Chairman Jerome Powell’s comments on inflation after the central bank decided to increase interest rates.
Gold inches up as investors discount Fed rate hike
Gold prices edged higher on Thursday as investors largely discounted a U.S. interest rate hike, but gains were limited as the dollar rose following reports of a row in Italy’s new government.
Oil rises 1 percent ahead of shortfall in Iran supply
Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time.
Top 5 things to know in the market on Thursday
Here are the top five things you need to know in financial markets on Thursday, September 27.