Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Wednesday’s evening business round up compiling reports, published by different newspapers and news portals both in local and international.
DSEX exceeds 5,400-mark on buying spree
Bangladesh’s stocks ended higher on Wednesday as optimistic investors showed their buying appetite on large-cap stocks, particularly banking stocks.
Bangladesh will make the biggest jump in global GDP ranking by 2030
Bangladesh is likely to make the biggest jump in the global rankings of the size of the economies by the next 12 years, according to a long-term projection of the HSBC Global Research.
Sensex tanks 550 points; Nifty plunges to 10,858 as rupee hits record low of 73.42
The S&P BSE Sensex nosedived 550.51 points or 1.51 per cent to 35,975.63 and the Nifty dropped 150.05 points or 1.36 per cent to 10,858.25 on heavy selling in auto, TECk, IT and banking stocks. Intraday, the Sensex hit a low of 35,911.82 and the Nifty touched 10,843.75.
Indian rupee ends weak by 43 paisa at 73.34
The Indian rupee dropped to a record low of 73.42 on Wednesday as a sharp rise in global crude oil prices heaped more pressure on the currency, prompting the central bank to quickly intervene to slow its fall.
Japan’s Nikkei lower as major automakers decline
In Hong Kong, the Hang Seng index saw a partial recovery from its earlier losses but remained lower by around 0.2 percent as of 3:10 p.m. HK/SIN.
Gold prices rise on softer dollar, Italy budget woes
Gold prices touched a one-week high on Wednesday as the dollar softened and demand for the safe-haven metal got a boost on concerns surrounding Italy’s plans to tackle budgetary deficit.
Oil firm on Iran sanctions, but rising US supply and strong dollar weigh
Oil prices were firm on Wednesday on expectations of tighter markets once U.S. sanctions target Iran’s petroleum industry from next month, although a strong dollar and rising U.S. crude supply curbed gains.
Top 5 things to know in the market on Wednesday
Here are the top five things you need to know in financial markets on Wednesday, October 3.