US dollar index soars nearly 2% to hit 4-month high as Donald Trump takes early lead in polls

US dollar index soars nearly 2% to hit 4-month high as Donald Trump takes early lead in polls

The US Dollar Index, which measures the greenback’s strength against a basket of six major currencies, surged by 1.9% to 105.30 on Wednesday, November 6 to its highest level in almost four months. This rally was driven by early reports suggesting that Republican candidate Donald Trump is edging closer to securing a second term in … Read more

Infosys shares have highest weight in Nifty IT index; TCS positioned second

Infosys shares have highest weight in Nifty IT index; TCS positioned second

IT stocks are in focus as the top Indian software companies, Tata Consultancy Services (TCS), Infosys, Wipro and Persistent Systems, have announced their Q4 results. The Nifty IT index, the benchmark that gauges the performance of IT stocks, has failed to give any return in the year 2024 so far. The Nifty IT index has … Read more