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Marg towards ITO due to overflow of flood water. In another update, it said that traffic movement is closed on Bhairon Road due to overflow of drain water near Railway Under Bridge.

Federal Reserve was close to the end of its rate hike cycle due to easing inflation. The dollar index, which measures the U.S. currency against six major rivals, stood at 99.71 in early Asian hours, its lowest since April 2022.

Gold prices on Friday were set for their biggest weekly gain since April, as the U.S. dollar hovered close to a more than one-year low on bets the Federal Reserve will soon hit the brakes on interest rate hikes. Spot gold was steady at $1,958.45 per ounce by 0051 GMT, and up 1.8% for the week.

ALSO READ: Wipro Q1 results: Earns consolidated PAT of ₹2,870 crore, rising by 12%; key highlights here Sharing the Q1 results via a stock regulatory filing, the firm said that its attrition volume under TTM (Trailing 12 months) stood at 17.3 percent from 19.4 percent in the previous quarter. TTM is a term used to describe the past 12 consecutive months of a firm's performance data, that's used for reporting financial figures.' In other data related to attrition, the firm said that in Q1 FY2023-24, the voluntary attrition TTM -- for IT services excluding ESOP -- was 17.3 percent, in comparison to 23 percent recorded in Q1 FY 2022-23.

The risk-on mood in markets stretched into another day as stocks climbed and the dollar weakened to a 15-month low. 

Gold rate today: Following US dollar index slide to 15-month low on easing US inflation, gold price today ascended in early morning deals in Asian and Indian markets. Gold future contract for August 2023 expiry on Multi Commodity Exchange (MCX), yellow metal opened higher at ₹59,230 per 10 gm levels and went on to hit intraday high of ₹59,288 per 10 gm within few minutes of commodity market's opening. In international market, oscillating around $1,955 per ounce levels.

“This pragmatic approach aimed at resolving issues where negotiators had encountered challenges. The visit proved to be critical in overcoming crucial obstacles and charting a path forward towards an ambitious and mutually beneficial trade deal,” the government said in a statement after Commerce and Industry Minister Piyush Goyal met UK’s Secretary of State for Trade Kemi Badenoch. Goyal was on a visit to the UK from July 10-12. The meeting was marked by a shared understanding and a commitment to advancing mutual interests, according to the statement. The ministers also explored opportunities for enhanced collaboration between the two nations.

Arvind Kejriwal Wednesday urged people living in low-lying areas near the Yamuna river floodplains to immediately evacuate their houses as the water level continued to rise after recording an all-time high. Addressing a press conference, the chief minister said, “The water will enter your houses, there will be no time and it will be harmful for you and your life. Requesting everyone with folded hands, please don't wait." "I request everyone to vacate their homes in the low-lying areas.

Bitcoin (BTC) eased higher into July 12 with the key macroeconomic event of the week just hours away.

With large-cap funds giving lower returns than small-cap and mid-cap mutual funds, many investors want to know whether they should continue to have large-cap funds in their portfolios or not. In an online Q&A with FE Money recently, Chintan Haria, Head of Investment Strategy at ICICI Prudential AMC shared why investing in large-cap Nifty50-based funds makes sense. He also talked about why the Nifty50 index is considered the ideal way to have exposure to large-cap stocks. Edited excerpts:

Amazon's cloud division aims to set itself apart from rivals perceived to have a leg up on artificial intelligence is by competing on price, an executive said on Tuesday. The AI models behind a viral chatbot like ChatGPT require immense computing power to train and operate, the kinds of costs Amazon Web Services (AWS) is good at lowering, said Dilip Kumar, vice president overseeing its applications group. A potential boost is that the company, like Google, has proprietary chips for AI.

tomato growers had suffered losses due to non remunerative prices, shows preliminary findings by the agricultural department of Maharashtra. The state is a key supplier of tomatoes to the country during the months of July and August, when growing vegetables is a challenge. The agricultural commissioner of Maharashtra held a meeting with the district agricultural officers and the vice chancellors of the agricultural universities in the state on Tuesday. “The plantation of tomato has declined in the state due to financial losses suffered by the farmers due to non remunerative prices, while the new plantations have been delayed due to delayed monsoon in the state,” said agriculture commissioner Sunil Chavan in a press release.

By Gertrude Chavez-Dreyfuss

Global miner Rio Tinto and Japan’s Sumitomo Corporation will build a $111 million world-first hydrogen plant at the Yarwun alumina refinery in Gladstone to help reduce carbon emissions at the energy-intensive facility.

Investing.com — The U.S. dollar slipped to a two-month low in early European hours Tuesday on growing expectations that the U.S. Federal Reserve is nearing the end of its tightening cycle, while sterling hit a fresh 15-month high as wages continue to grow.

₹58,600 per 10 gm levels within few minutes of commodity market's opening. However, the yellow metal attracted fresh buying at lower levels and bounced back from its intraday lows and hit intraday high of ₹58,683 levels.

UPL share price touched new 52-week low and was down nearly 2% on Tuesday's trading session. The stock was one of the top losers in the Nifty 50's with 2.16% decline. UPL shares opened at intraday high level of ₹659.90 apiece on BSE.  Analysts claim that the street is anticipating poor performance in Q1 FY24 due to the severe headwinds the agrochemical business is experiencing in both domestic and international markets.

Investing.com-- Most Asian currencies rose on Tuesday, while the dollar sank amid growing bets that the U.S. Federal Reserve was close to concluding its rate hike cycle, with focus also turning to upcoming inflation data for more cues.

By Gertrude Chavez-Dreyfuss

Bitcoin (BTC) begins a new week barely clinging to $30,000 as a “bearish divergence” sets the tone.

earnings of PVR Inox are expected to disappoint due to continued weak performance of Bollywood movies.  According to a report by Prabhudas Lilladher, national box office revenues for Bollywood productions, including Hindi-dubbed films, saw a 20% sequential decline in Q1FY24 and a 28% year-on-year (YoY) drop. “We expect PVR-Inox to report footfalls of 33 million with pre Ind-AS Ebitda (earnings before interest, tax, depreciation and amortisation) margin of 5.8%.