Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Tuesday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stocks maintain positive trend at midday
Bangladesh’s stocks maintained the positive trend at midday on Tuesday as optimistic investors showed their buying appetite on large-cap stocks after a high profile meeting held on Monday.
Govt to build 163MW power plant in Mirsarai
The government plans to build a 163 megawatt (MW) dedicated power plant at Mirsarai Economic Zone (MEZ) to supply electricity to industries and factories to be located there.
Bangladesh asks nationals in Maldives to be cautious
Bangladesh has asked its nationals to remain cautious in Maldives, a country that is witnessing a major political situation that has resulted in a state of emergency.
Indian rupee drops to 64.40
The Indian rupee dropped by 33 paisa to 64.40 against the US dollar on frantic dollar demand from importers and banks.
Sensex crashes 1,029 points on global rout, Nifty sinks to 10,357
The 30-share BSE index Sensex crashed 1,029.33 points or 2.96 per cent to 33,727.83. The index touched an intraday low of 33,482.81. Similarly, the 50-share NSE index Nifty tanked 309 points or 2.9 per cent to 10,357.55. Nifty touched the day’s low of 10,295.15.
Global sell-off continues into Asia with Japan and Hong Kong plunging
Asian indexes tumbled and U.S. stock indexes fell on Tuesday following massive losses seen stateside in the last session.
Gold rises as equity sell-off spurs safe-haven buying
Gold prices rose on Tuesday as a rout in global equities prompted investors to seek shelter in safe havens such as gold, although expectations of more U.S. rate hikes this year weighed on the market.
Oil prices fall more than 1% amid global market rout
Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled lower in the wake of one of the biggest intra-day falls ever registered on Wall Street.