Sensex, Nifty end higher as coronavirus fears abate

India stocks lower at close of trade; Nifty 50 down 0.44%

By Ritu, Capital Sands Indian shares ended higher on Wednesday, as a slowdown in the number of coronavirus cases and the U.S. Federal Reserve chairman’s optimistic view on the economy whetted investor appetite for riskier assets. The broader Nifty ended up 0.77% at 12,201.20 and the benchmark Sensex ended 0.85% higher at 41,565.90. China reported […]

Oil prices rise as new virus cases slow, easing Chinese demand concerns

Oil market falls too big to offset with output cuts, IEA warns

By Administrator_India, Capital Sands Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the demand impact from the disease in the world’s second-largest oil consumer. Brent crude was up 73 cents, or 1.3%, at $54.75 per barrel. U.S. West Texas Intermediate […]