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 stay down at midday Tuesday
Bangladesh’s stocks maintained the upward trend at midday on Tuesday as investors continued their buying spree on sectors-wise stocks.
Realty, bank stocks pull Sensex down 67 points
The Sensex and Nifty slipped into the negative zone due to heavy selling in realty, banking, PSU and power stocks amid firm global cues. The 30-share BSE index Sensex was trading down by 66.72 points or 0.19 per cent at 34,379.04 and the 50-share NSE index Nifty down 28.7 points or 0.27 per cent at 10,553.90.
Indian rupee weakens to 64.83 on dollar demand
The Indian rupee depreciated 4 paisa to 64.83 against the US dollar in early trade due to increased demand for the US currency from importers amid sustained foreign fund outflows. However, a weak dollar overseas helped the rupee limit its losses, dealers said.
Nikkei advances 286 points as Asian stocks extend gains; Powell testimony ahead
Most markets in Asia advanced on Tuesday while the dollar slipped ahead of a congressional testimony from the new Federal Reserve chair during U.S. hours.
Gold steady on softer dollar; investors await testimony from Fed’s Powell
Gold prices were steady on Tuesday as the dollar was also little changed while investors awaited U.S. Federal Reserve Chair Jerome Powell’s first congressional testimony for clues on the future pace of monetary tightening.
US oil extends gains to hold near 3-week high
U.S. oil prices rose for a fourth session on Tuesday to near a three-week high hit a day earlier, supported by signs of robust production curbs by OPEC and non-OPEC countries and a slight fall in U.S. production.