Asian Share Market | Shares extend global sell-off, dollar holds gains

BJP leader and current Union Minister for Women and Child Development Smriti Irani has declared in her affidavit before the Election Commission of India (ECI) that her total investments in mutual funds (MF) stood at ₹88.13 lakh. Irani filed her nomination papers from the Amethi Lok Sabha Seat for the 2024 Lok Sabha elections on May 3.

Gold prices declined on Tuesday as the U.S. dollar strengthened, with investors anticipating additional remarks from Federal Reserve officials to gain insight into the potential timing of interest rate adjustments. Spot gold decreased by 0.5% to $2,312.29 per ounce by 1218 GMT, while U.S. gold futures also fell by 0.5% to $2,320.60 per ounce. The dollar index rose by 0.2% against its counterpart.

Adhesive and construction chemicals manufacturer Pidilite Industries Ltd on Tuesday (May 7) reported a 6.4% year-on-year (YoY) increase in net profit at ₹304.3 crore for the fourth quarter that ended March 31, 2024. In the corresponding quarter, Pidilite Industries posted a net profit of ₹285.9 crore, the company said in a regulatory filing. CNBC-TV18 poll had predicted a profit of ₹415 crore.