Digital Marketing Archives - Page 3 of 7

Stock markets fall for 3rd day amid uncertainty over U.S. tariff measures, weak Asian peers

Sensex and Nifty fell for the third day on Thursday (February 20, 2025) as fresh tariff threats, weak Asian markets and foreign fund outflows hurt investors’ sentiment. | Photo Credit: REUTERS Benchmark indices Sensex and Nifty declined for the third day on Thursday (February 20, 2025) as fresh tariff threats, weak Asian markets and foreign…

Markets open lower amid uncertainty over U.S. tariff measures, weak Asian peers

Brokers watch the movement of stock prices on their computer screens during a trading session. File photo | Photo Credit: PTI Benchmark indices Sensex and Nifty declined in initial trade on Thursday (February 20, 2025) as fresh tariff threats, weak Asian markets and foreign fund outflows hurt investors’ sentiment. The 30-share BSE benchmark Sensex dropped…

Sensex, Nifty end marginally lower amid volatile trade

The 30-share BSE benchmark Sensex dipped 28.21 points or 0.04% to settle at 75,939.18. Intra-day, it hit a high of 76,338.58 and a low of 75,581.38, gyrating 757.2 points. | Photo Credit: PTI Benchmark indices Sensex and Nifty ended marginally lower in a volatile trade on Wednesday dragged by blue-chip IT stocks. The 30-share BSE…

Markets rebound after falling in early trade on buying in bank stocks, fresh foreign fund inflows

Bombay Stock Exchange (BSE). | Photo Credit: ANI Benchmark indices Sensex and Nifty began the trade on a weak note on Wednesday (February 19, 2025), but later bounced back, driven by buying in blue-chip bank stocks and fresh foreign fund inflows. The 30-share BSE benchmark Sensex declined 386.01 points to 75,581.38 in early trade. The…

Rupee falls 8 paise to close at 86.96 against U.S. dollar

At the interbank foreign exchange, the rupee opened at 86.94 and touched the high of 86.91 against the greenback during intraday. File. | Photo Credit: Reuters Rupee depreciated 8 paise to close at 86.96 (provisional) against U.S. dollar weighed down by sustained foreign fund outflows and an uptick in the U.S. Dollar index. Forex traders…

Stock markets end eight-day losing run on buying in RIL, HDFC Bank

BSE Sensex climbed 57.65 points or 0.08% to settle at 75,996.86. During the day, the barometer tanked 644.45 points or 0.845 to 75,294.76. File. | Photo Credit: Reuters Stock markets snapped the eight-day losing run on Monday (February 17, 2025) with benchmark Sensex closing higher by 57 points on the back of value buying in…

Rupee falls 16 paise to close at 86.87 against U.S. dollar

Traders may take cues from speeches by Federal Open Market Committee (FOMC) members. file | Photo Credit: Reuters The rupee depreciated 16 paise to close at 86.87 (provisional) against the U.S. dollar on Monday (February 17, 2025), weighed down by significant foreign fund outflows and a recovery in the U.S. dollar index from intraday lows. …

Sensex, Nifty tumble in early trade amid foreign fund outflows; slowdown in corporate earnings

In the last eight trading days, the BSE benchmark tanked 2,644.6 points or 3.36%, and the Nifty slumped 810 points or 3.41%. File | Photo Credit: PTI Benchmark indices Sensex and Nifty declined in early trade on Monday (February 17, 2025) as persistent foreign fund outflows from the Indian equity markets and slowdown in corporate…

Rupee falls 8 paise to 86.87 against U.S. dollar

FIIs offloaded equities worth ₹4,486.41 crore in the capital markets on a net basis on Tuesday (February 11, 2025), according to exchange data. File Photo: V.V. Krishnan The rupee failed to sustain its recovery and depreciated 8 paise to close at 86.87 (provisional) against the U.S. dollar on Wednesday (February 12, 2025) due to a…

What is contributing to the downturn in Indian markets? | Explained

For representative purposes. | Photo Credit: iStockphoto The story so far: For the sixth consecutive day, BSE Sensex closed lower on Wednesday reflective of a major sell-off among foreign institutional investors and portfolio investors (FIIs/FPIs), mixed earnings and apprehensions about the tightening of the (imports’) tariff regime in the U.S. The thirty-share BSE shed 122.52…

BSNL Q3 profit after 17 years at ₹262 crore

BSNL has cut its finance cost and overall expenditure, leading to a decline in losses by over ₹1,800 crore compared to last year. File Photo: Arrangement BSNL has posted a net profit of ₹262 crore for the December quarter, marking its return to profitability after almost 17 years, Union Minister Jyotiraditya Scindia said on Friday…

Why is share market down today? Sensex, Nifty fall for 8th day as relentless FII selling hits market sentiments

Bombay Stock Exchange (BSE). | Photo Credit: ANI Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row on Friday (February 14, 2025) as investors’ sentiments were plagued due to persistent foreign fund outflows. Markets began the trade on an optimistic note but soon gave up initial gains…

SEBI rejects Digvijay Gaekwad’s plea for competing open offer in Religare deal

Capital markets regulator Securities and Exchange Board of India (SEBI) on Friday (February 14, 2025) rejected Digvijay Laxhamsinh Gaekwad’s plea seeking an exemption to make a competing open offer for a majority stake in Religare Enterprises. With this ruling, the Burman Group’s open offer process remains on track, solidifying their acquisition bid for Religare…

Sensex, Nifty climb in early trade after 7-day decline

Equity benchmark indices Sensex and Nifty began the trade on an optimistic note on Friday (February 14, 2025) after India and the United States agreed to conclude the first phase of a mutually beneficial ambitious trade pact by this year and set a target of USD 500 billion in annual bilateral trade by 2030. A…

Sensex Nifty pare gains to close lower for 7th day in a row

File image used for representative purpose only. | Photo Credit: Reuters Benchmark indices Sensex and Nifty pared early gains to close lower for the seventh straight day on Thursday (February 13, 2025), dragged by fag-end selling in select IT and banking shares and foreign fund outflows. The 30-share BSE Sensex dipped 32.11 points or 0.04%…

Markets rebound in early trade after 6-day slump

Since February 4 till February 12, the BSE bellwether gauge had slumped 2,412.73 points or 3.07%, while the Nifty tanked 694 points or 2.92%. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty rebounded in early trade on Thursday (February 13, 2025) following a better-than-expected decline in CPI inflation in January and value-buying…

Sensex, Nifty fall for 6th day dragged by FII outflows, trade war fears

Bajaj Finserv, Tata Steel, Larsen & Toubro, UltraTech Cement, Kotak Mahindra Bank and Tata Motors were among the gainers. File | Photo Credit: PTI Stock markets closed lower for the sixth straight day on Wednesday (February 12, 2025) with Sensex falling by 122 points on unabated foreign fund outflows and trade war worries. The 30-share…

Sensex drops below 76k-mark; Nifty falls lower than 23,000

People walk outside the National Stock Exchange (NSE) in Mumbai. File photo | Photo Credit: REUTERS Benchmark indices Sensex and Nifty slumped in initial trade on Wednesday (February 12, 2025) as unabated foreign fund outflows and trade war fears continued to unnerve investors. The 30-share BSE benchmark Sensex declined 274.56 points to 76,019.04 in early…

Sensex dropped 1,018.20 points over 1% amid foreign fund exodus

People walk past a live screen on the facade of Bombay Stock Exchange (BSE) building in Mumbai on February 11, 2025. | Photo Credit: AP India’s stock markets tripped for the fifth straight day on Tuesday (February 11, 2025), as U.S. President Donald Trump’s tariff pronouncements and the fear of a growing trade war continued…

Stock markets decline in early trade amid relentless foreign fund outflows

A screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Market benchmark indices Sensex and Nifty declined in early trade on Tuesday (February 11, 2025) amid unabated foreign fund outflows and fresh U.S. tariffs that ignited trade war fears. Declining for the…

Sensex, Nifty fall for fourth day amid fresh U.S. tariff concerns, foreign fund outflows

Stock markets closed with losses for the fourth consecutive day on Monday (February 10, 2025) with the benchmark Sensex declining by 548 points as fresh U.S. tariff threats shook investor confidence and triggered selling in bluechip banking, metal and oil shares. The 30-share BSE Sensex dropped 548.39 points or 0.70% to settle at a week’s…

Markets slump in early trade amid fresh tariffs concerns, foreign fund outflows

Declining for the fourth day running, the 30-share BSE benchmark Sensex dropped 343.83 points to 77,516.36 in early trade. File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty declined in early trade on Monday (February 10, 2025) amid fresh tariffs concerns and unabated foreign fund outflows. Declining for the fourth day running, the 30-share…

Rupee recovers 15 paise from all-time low level to close at 87.44 against U.S. dollar

Photo used for illustration purpose only. | Photo Credit: Reuters The rupee recovered 15 paise from its all-time low closing level to 87.44 (provisional) against the U.S. dollar on Friday (February 7, 2025) after the Reserve Bank of India reduced repo rate by 25 basis points in line with street expectations. The Monetary Policy Committee…

SEBI bans financial influencer Asmita Patel, five others from market, impound illegal gains of more than ₹53 crore

Asmita Patel. File | Photo Credit: Photo Courtesy: YouTube Markets regulator Securities and Exchange Board of India (SEBI) has banned six entities, including Asmita Patel Global School and fin-influencer Asmita Patel, from the capital markets for alleged unregistered investment advisory services and directed to disgorge more than ₹53 crore collected as fees from the course…

No level for rupee in mind, market forces decides forex rate: RBI Governor

Reserve Bank of India Governor Sanjay Malhotra at a press conference after the 613th Meeting of Central Board of Directors (CBD) of the RBI, in New Delhi on Saturday, February 8, 2025. | Photo Credit: PTI Reserve Bank Governor Sanjay Malhotra on Saturday (February 8, 2025) said that the market forces decide the value of…

RBI to set up Working Group to review trading and settlement timings of markets

The Reserve Bank of India (RBI) has decided to undertake a comprehensive review of trading and settlement timings across various market to synchronise it to facilitate benefits of efficient price discovery and optimisation of the liquidity requirements. “Over the last few years, there have been several developments including increased electronification of trading, availability of forex…

Markets settle lower after RBI policy; continuous foreign fund outflows dent investors’ sentiment

Equity benchmark indices Sensex and Nifty ended lower on Friday (February 7, 2025) as the RBI’s rate cut did not spring any major surprise for the markets and investors turned to profit-taking amid foreign fund outflows. Registering its third day of decline, the 30-share BSE benchmark Sensex dropped 197.97 points or 0.25% to settle at…

Stock markets trade lower in volatile trade ahead of RBI policy decision

Benchmark indices Sensex and Nifty traded lower in a volatile trade on Friday (February 7, 2025) morning ahead of the RBI’s monetary policy decision. After beginning the trade on a positive note, the 30-share BSE benchmark Sensex failed to carry forward the momentum and declined 87.32 points to 77,970.84 during the early trade. The NSE…

Stock markets fall for second day ahead of RBI policy decision; Airtel, ITC major drag

Global oil benchmark Brent crude rose by 0.60% to $75.06 a barrel. File | Photo Credit: PTI Benchmark indices Sensex and Nifty slid for the second consecutive day on Thursday (February 6, 2025) amid caution ahead of the RBI’s monetary policy decision and fresh foreign fund outflows. The 30-share BSE Sensex dropped 213.12 points or…

Markets trade lower after initial optimism ahead of RBI policy decision

Sensex and Nifty were trading lower amid RBI caution, foreign fund outflows on February 6, 2025. Benchmark indices Sensex and Nifty gave up early gains and were trading lower on Thursday (February 6, 2025) amid caution ahead of the Reserve Bank of India’s (RBI’s) monetary policy decision and fresh foreign fund outflows. The 30-share BSE…

Assamese women are major stock market investors

GUWAHATI The participation of women in the stock market is among the highest in India but investors in the State are among the most susceptible to online trading scams, officials of the Securities and Exchange Board of India (SEBI) said on Wednesday, February 5, 2025. A SEBI official said Assam has been a rising force…

Markets trade higher in early trade on fresh foreign fund inflows

Image for representative purpose | Photo Credit: The Hindu Benchmark indices Sensex and Nifty began the trade on a positive note on Wednesday (February 5, 2025) amid fresh foreign fund inflows and a firm trend in the U.S. markets. The 30-share BSE benchmark Sensex climbed 151.6 points to 78,735.41 in early trade. The NSE Nifty…

Rupee recovers 3 paise from all-time low to close at 87.08 against U.S. dollar

According to exchange data, FIIs offloaded equities worth ₹3,958.37 crore in the capital markets on a net basis on Monday, February 3, 2025. Photo: V.V.Krishnan The rupee recovered 3 paise from its all-time low level to close at 87.08 (provisional) against U.S. dollar on Tuesday (February 4, 2025), as the American currency index retreated from…

Sensex falls by 319 points amid weak global trends on trade war fears

From Sensex shares, Larsen & Toubro, Tata Motors, Hindustan Unilever, Asian Paints, ITC, Power Grid, NTPC and Reliance Industries were the major laggards. File | Photo Credit: PTI Benchmark stock indices Sensex and Nifty closed lower on Monday (February 3, 2025) tracking weak global markets amid concerns over U.S. President Donald Trump imposing tariffs on…

Amid global tumult, Rupee breaches 87 against dollar

Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The Indian Rupee slumped almost 0.6% or 49 paise to breach the 87 mark against the U.S. Dollar on Monday, amid a meltdown for most emerging market currencies and stock markets across Asia and Europe on the first day of trading after President Donald…

Rupee plunges 67 paise to hit record low of 87.29 against U.S. dollar in early trade

Image used for representative purpose only | Photo Credit: Ragu R The rupee depreciated 67 paise to hit record low of 87.29 against the U.S. dollar in early trade on Monday (February 3, 2025) after Trump Tariffs on Canada Mexico and China triggered fears of a broad trade war. Donald Trump slapped Canada and Mexico…

Markets trade higher in early trade driven by surge in L&T, rally in U.S. equities

B-68, MUM-030302, MARCH 03, 2008: Mumbai: BSE Sensex showing certain indices in Mumbai on Monday. Sensex was down 570 points on Monday. | Photo Credit: PTI Benchmark indices Sensex and Nifty rallied in early trade on Friday (January 31, 2025) helped by buying in Larsen & Toubro post its earnings announcement and a firm trend…

Economic Survey 2024-25 cautions against ‘meaningful’ market correction in 2025

Sounding a note of caution on the elevated stock market valuation, the Economic Survey 2024-25 on Friday (January 31, 2025) said any correction in the U.S. markets could have a cascading effect in India, which has witnessed increased participation from young investors post-COVID. Over the past few years, retail participation, especially from young investors, has…

Budget 2025 Stock market update: Markets open higher ahead of Budget presentation

Benchmark indices Sensex and Nifty ended flat in a special trading session on Saturday (February 1, 2025) as investors saw little coming in from the Finance Minister Nirmala Sitharaman for retail investors and the overall markets in the Union Budget. But, buying in consumption-related sectors after Ms. Sitharaman exempted annual income of up to ₹12…

Markets open higher ahead of Budget presentation

A traffic signal in the foreground of the Bombay Stock Exchange’s on Dalal Street seems to reflect the mood of the stock markets in Mumbai. | Photo Credit: PAUL NORONHA Benchmark indices Sensex and Nifty rallied in opening trade on Saturday (February 1, 2025) ahead of the Union Budget presentation. The 30-share BSE benchmark Sensex…

Gold prices to decline, silver to rise in 2025: Economic Survey

Image used for representational purpose. | Photo Credit: Reuters Gold prices are expected to decline in 2025 while silver prices may increase, according to Economic Survey 2024-25 tabled in Parliament on Friday(January 31, 2025). Citing the World Bank’s Commodity Markets Outlook for October 2024, the economic survey highlighted that commodity prices are projected to decrease…

Stock markets extend gains for 3rd day; Airtel, Reliance major movers

Extending the winning run to the third day, benchmark indices Sensex and Nifty closed higher on Thursday (January 30, 2025) on buying in heavyweight stocks Reliance Industries, Bharti Airtel and HDFC Bank. The 30-share Sensex advanced 226.85 points or 0.30% to settle at 76,759.81 in a volatile trade amid the monthly expiration day. During the…

Rupee falls 9 paise to close at 86.64 against U.S. dollar

The local unit settled at 86.64 (provisional), registering a fall of 9 paise over its previous close. File | Photo Credit: V.V. Krishnan The rupee depreciated 9 paise to close at 86.64 (provisional) against the U.S. dollar on Thursday (January 30, 2025), weighed down by a strong U.S. dollar amid a hawkish tone of the…

Rupee rises 1 paisa to close at 86.56 against U.S. dollar

The rupee pared its initial losses and settled for the day on a positive note, higher by 1 paisa to close at 86.56 against dollar. File | Photo Credit: Reuters The rupee pared its initial losses and settled for the day on a positive note, higher by 1 paisa to close at 86.56 (provisional) against…

Sensex, Nifty surge nearly 1% on buying in IT stocks, firm global cues

FIIs offloaded equities worth ₹4,920.69 crore on Tuesday (January 28, 2025), according to exchange data. File | Photo Credit: PTI Stock market benchmark indices Sensex and Nifty surged nearly 1% on Wednesday (January 29, 2025), buoyed by a rally in IT, capital goods and industrial stocks amid a firm trend in global markets. The 30-share…

Stock markets recover after two days of fall; banking shares lead gains

Sun Pharmaceutical, Larsen & Toubro, ITC, HCL Technologies, NTPC, Power Grid, Nestle India, Tata Consultancy Services, and Asian Paints were among the laggards. File | Photo Credit: PTI Benchmark stock indices Sensex and Nifty rebounded on Tuesday (January 28, 2025) after two straight days of steep decline driven by intense buying in banking and rate-sensitive…

Rupee falls 25 paise to close at 86.56 against U.S. dollar

FIIs sold equities worth ₹5,015.46 crore net on January 27, 2025, according to exchange data. File Photo: S.R. Raghunathan/The Hindu The rupee depreciated 25 paise to close at 86.56 (provisional) against the U.S. dollar on Tuesday (January 28, 2025), as global risk sentiments were dampened amid tariff threats by the U.S. President Donald Trump. …

Adani Wilmar Q3 profit more than doubles to ₹411 crore

The company has expanded its rural coverage to 43,000 towns as of December 2024, up from 5,000 in March 2022. File | Photo Credit: Reuters Adani Wilmar on Monday (January 27, 2025) posted over a twofold jump in consolidated net profit at ₹410.93 crore for December quarter 2024-25 on strong edible oil sales. The company…

Sensex plunges 824 points to 7-month low as IT, oil, gas shares tank

The broader 50-share Nifty dropped by 263.05 points or 1.14% to close at 22,829.15, tanking below the 23,000-level for the first time since June 6, 2024. File | Photo Credit: PTI Benchmark BSE Sensex tanked 824 points to settle at a fresh seven-month low on Monday (January 27, 2025) following heavy selling in IT and…

Markets pare early losses to trade higher amid rally in Asian markets

The 30-share BSE Sensex opened on a negative note to plunge 202.87 points, or 0.26%, to 76,202.12 in the morning trade. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty pared all the losses to trade higher early on Thursday (January 23, 2025) following buying in IT stocks and a rally in Asian…

Rupee rises 18 paise to 86.26 against U.S. dollar in early trade

On January 23, 2025, Rupee declined nine paise to settle at 86.44 against the U.S. dollar. File | Photo Credit: The Hindu Rupee appreciated 18 paise to 86.26 against the U.S. dollar in morning trade on Friday (January 24, 2025), supported by positive domestic equities and soft American currency index. Forex traders said weak crude…

Sensex, Nifty climb in early trade on global markets rally

FIIs offloaded equities worth ₹5,462.52 crore on Thursday (January 23, 2025), according to exchange data File | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty climbed in early trade on Friday (January 24, 2025), tracking a firm trend in global markets. The 30-share BSE benchmark Sensex climbed 282.35 points to 76,802.73 in early…

ICICI Bank Q3 profit rises 15% to ₹11,792 crore

ICICI bank. File | Photo Credit: Reuters ICICI Bank on Saturday (January 25, 2025) reported a 15% rise in standalone net profit at ₹11,792 crore for the third quarter ended December 2024. The second-largest private sector lender had earned a net profit of ₹10,272 crore in the same quarter a year ago. “Total income increased…

Sensex, Nifty snap two-day rally dragged by realty, healthcare stocks

Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: Reuters Equity benchmarks Sensex and Nifty surrendered early gains to close with losses in a volatile session on Friday (January 24, 2025), snapping their two-day winning streak as investors pared exposure to realty, oil & gas and healthcare stocks amid a mixed trend in global…

Rupee rises 22 paise to close at 86.22 against U.S. dollar

FIIs remained net sellers in the capital markets on Thursday (January 23, 2025), as they offloaded shares worth ₹5,462.52 crore, according to exchange data. File Photo: S.R. Raghunathan/The Hindu The rupee appreciated 22 paise to close at 86.22 (provisional) against the U.S. dollar on Friday (January 24, 2025), as a decline in the U.S. dollar…

Rupee falls 12 paise to settle at 86.47 against U.S. dollar

Image used for representative purpose only. | Photo Credit: Reuters The rupee declined 12 paise to settle at 86.47 (provisional) against the U.S. dollar on Thursday (January 23, 2025) amid the strengthening American currency and continuous outflow of foreign funds. However, positive domestic equity markets and lower crude oil prices supported the Indian currency at…

Sensex, Nifty extend gains for 2nd day on buying in IT, consumer stocks

A view of the BSE building in Mumbai | Photo Credit: Paul Noronha Equity benchmark indices Sensex and Nifty extended gains for the second session on Thursday (January 23, 2025) due to intense buying in IT, consumer durables and commodity stocks amid a largely positive trend in global markets. In a volatile trade, the 30-share…

Sensex, Nifty rebound on buying in Infosys, HDFC Bank, firm global trends

Image used for representative purpose only | Photo Credit: Reuters Benchmark Sensex rebounded nearly 567 points and Nifty regained 23,150 level on Wednesday (January 22, 2025) following gains in blue-chip stocks Infosys, HDFC Bank and Tata Consultancy Services, and firm global trends. The 30-share BSE Sensex surged 566.63 points or 0.75% to close at 76,404.99.…

Rupee rises 25 paise to close at 86.33 against U.S. dollar

A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad. | Photo Credit: REUTERS The rupee appreciated 25 paise to close at 86.33 (provisional) against the U.S. dollar on Wednesday (January 22, 2025), supported by positive domestic equities and soft U.S. dollar index. Forex traders said the rupee is likely…

Sensex falls 1,235 points to seven month low on concerns over Trump’s trade policies

Image for representative purposes only The BSE Sensex on Tuesday (January 21, 2025) plunged 1,235 points or 1.6% to 75,838, the level seen over seven months back on June 6, 2024, on account of uncertainties of Trump administration’s tariff plans. The fall was led by Zomato (10.92%), Adani Ports (3.74%), NTPC (3.51%), ICICI Bank (2.98%),…

Rupee falls 14 paise to close at 86.59 against U.S. dollar

According to exchange data, FIIs were net sellers in the capital markets on January 20, 2025, offloading shares worth ₹4,336.54 crore. Photo: V.V.Krishnan/The Hindu The rupee pared initial gains and settled for the day lower by 14 paise to 86.59 (provisional) against U.S. dollar on Tuesday (January 21, 2025), tracking heavy sell-off in the domestic…

Central Bank of India Q3 profit jumps 33% to ₹959 crore

Central Bank of India. File State-owned Central Bank of India posted a 33₹ increase in its profit at ₹959 crore in the third quarter ended December 2024. The bank had earned a net profit of ₹718 crore in the same quarter a year ago. Total income increased to ₹9,739 crore during the quarter…

Stock markets rally on firm global trends, spike in Kotak Bank

Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards. File | Photo Credit: PTI Benchmark Sensex spurted by 454 points and Nifty closed above 23,300 on Monday (January 20, 2025) following gains in banking stocks, mainly Kotak Mahindra Bank, and firm global trends. The 30-share BSE…

Adani Group shares rise as Hindenburg founder disbands short-seller

Adani Enterprises Limited. File | Photo Credit: Reuters Adani Group company shares rose sharply on Thursday (January 16, 2025) morning at stock exchanges hours after Hindenburg Research founder Nate Anderson announced his decision to disband the entity. On Wednesday (January 15, 2025) Mr. Anderson said that it has completed the projects it was handling.he plan…

Rupee gains 3 paise to 86.58 against U.S. dollar in early trade

Image used for representative purpose only. | Photo Credit: Reuters The rupee rose 3 paise to 86.58 against the U.S. dollar in early trade on Friday (January 16, 2025) on the back of softening American currency. Higher crude oil prices and volatile global trends failed to prevent the withdrawal of foreign funds from domestic equities,…

Markets drop in early trade dragged by Infosys, Axis Bank

Representational image of the facade of the Bombay Stock Exchange (BSE) building in Mumbai | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty declined in early trade on Friday (January 17, 2025) after a three-day rally dragged by Infosys and Axis Bank. Also, continuous foreign fund outflows and muted global trends added to the…

Weaker rupee to push India’s import bill, says Global Trade Research Initiative

Photo used for illustration purpose only. | Photo Credit: Reuters The weaker rupee will push the country’s import bill due to higher payments for crude oil, coal, vegetable oil, gold, diamonds, electronics, machinery, plastics, and chemicals, economic think tank Global Trade Research Initiative (GTRI) said on Friday (January 17, 2025). Citing an example, it said…

SEBI asks mutual funds to disclose information ratio of schemes

Industry body Amfi will have to ensure that such disclosure will be available on its website in a comparable, downloadable (spreadsheet) and machine-readable format. File | Photo Credit: Reuters To bring more transparency in disclosures made by AMCs and aid better decision-making by investors, Securities and Exchange Board of India (SEBI) on Friday (January 17,…

Markets snap 3-day winning run on selloff in Infosys, ICICI Bank; Sensex slumps over 400 points

From the 30-share blue-chip pack, Infosys dropped nearly 6% despite raising its annual sales forecast for a third time this fiscal year. File | Photo Credit: Reuters Key benchmark indices Sensex and Nifty slipped into negative territory on Friday (January 17, 2025) after a three-day rally, dragged by selling pressure in Infosys, ICICI Bank and…

Rupee declines 16 paise to settle at 86.56 against U.S. dollar

Image for representative purposes only | Photo Credit: Reuters The rupee depreciated 16 paise to close at 86.56 (provisional) against the U.S. dollar on Thursday (January 16, 2025), dragged down by a strong American currency overseas, elevated crude oil prices and foreign fund outflows. “However, positive domestic equity markets provided some cushion at the lower…

Sensex, Nifty extend gains for 3rd day on strong global cues, lower U.S. inflation

Image for representative purposes only | Photo Credit: PAUL NORONHA Equity benchmark indices Sensex and Nifty rallied for the third session on the trot, helped by a rally in global markets after lower-than-expected consumer inflation in the U.S. ignited hopes of more rate cuts by the Federal Reserve. The 30-share BSE index climbed 318.74 points…

Rupee extends gains, settles 13 paise higher at 86.40 against U.S. dollar

Image for representational purposes only | Photo Credit: Reuters The rupee extended its recovery for the second straight session and settled with a gain of 13 paise at 86.40 (provisional) against the U.S. dollar on Wednesday (January 15, 2025), tracking favourable cues from domestic equity markets and softening crude oil prices. The American currency index…

Markets log gain for 2nd day; Sensex climbs over 200 points

Image for representational purposes only | Photo Credit: Reuters Benchmark indices Sensex and ticked higher for the second straight session on Wednesday (January 15, 2025), buoyed by buying in bellwether stock Reliance Industries, Zomato and Kotak Bank amid a largely firm trend in global markets. However, elevated crude oil prices in the international markets and…

Rupee recovers from record low to settle 8 paise higher at 86.62 against U.S. dollar

Image for representative purposes only | Photo Credit: Reuters The rupee rebounded from its lowest-ever level and settled 8 paise higher at 86.62 (provisional) against the U.S. dollar on Tuesday (January 14, 2025) as the American currency retreated from record high. Some recovery in domestic equity markets after the release of macroeconomic numbers also supported…

Sensex, Nifty rebound amid easing inflation, buying in bank, energy stocks

Image used for representational purpose. | Photo Credit: Reuters Benchmark indices Sensex and Nifty bounced back on Tuesday (January 14, 2025) after four days of sharp decline on easing retail inflation and a rebound in global markets. The 30-share BSE benchmark Sensex rose 169.62 points or 0.22% to settle at 76,499.63. During the day, it…

RBI likely selling dollars to support rupee, traders say

The dollar index was up 0.2% at 109.9 while most Asian currencies weakened. Representational file image. | Photo Credit: Reuters The Reserve Bank of India (RBI) was likely selling dollars to support the rupee on Monday (January 12, 2025), after the currency slumped to its all-time low as the dollar surged on expectations that the…

Rupee at record low: Congress leader Jairam Ramesh mocks at PM Modi

Congress leader Jairam Ramesh. File | Photo Credit: PTI In a X (formerly Twitter) post, Congress leader Jairam Ramesh mocked at Prime Minister Narendra Modi for the depreciation of rupee to record low at ₹86. Mr. Ramesh in his X post, said “When Mr. Narendra Modi took over at PM he was about to turn…

BSE expects record-breaking IPO run to continue unabated in 2025, CEO says

Image used for representational purpose. | Photo Credit: Reuters India’s record-breaking capital-raising spree will continue in 2025 given the strong pipeline of firms looking to go public, the head of the country’s oldest exchange told Reuters. “There are 90-plus companies that have already filed their draft prospectus with the regulator, looking to raise an estimated…

Markets decline in early trade on unabated foreign fund outflows

Photo used for representation purpose only. | Photo Credit: Reuters Benchmark indices Sensex and Nifty dropped in initial trade on Thursday (January 9, 2025) dragged by persistent foreign fund outflows, with investors staying on the sidelines ahead of the earnings season. TCS is kick-starting the December quarter results calendar on Thursday. The 30-share BSE benchmark…

No more actions on derivatives on anvil: SEBI WTM Narayan

SEBI’s Wholetime Member Ananth Narayan. File The capital markets regulator is not planning any more measures to curb or restrict activity in derivatives, SEBI’s Wholetime Member Ananth Narayan said on Saturday (January 11, 2025). “An expert group under former RBI executive director G. Padmanabhan continues to work on bettering the system, and some moves…

Rupee falls 1 paisa to 85.87 against U.S. dollar in early trade

Image used for representative purpose only. | Photo Credit: Reuters The rupee dipped 1 paisa to 85.87 against the U.S. dollar in early trade on Friday (January 10, 2025) due to a firm American currency and massive outflow of foreign capital. Higher crude oil prices overseas also weighed on the Indian currency though it found…

Sensex today: Stock markets give up early gains; trade lower on foreign fund exodus

From the 30-share Sensex pack, Tata Consultancy Services jumped 4% after the IT services company reported an 11.95% jump in December quarter net profit to ₹12,380 crore. File | Photo Credit: Special arrangement Benchmark indices Sensex and Nifty rebounded in early trade on Friday (January 10, 2025) after two days of decline but soon succumbed…

Sensex, Nifty extend losses into 3rd session on surging crude prices, FII outflows

FIIs offloaded equities worth ₹7,170.87 crore on Thursday (January 9, 2025), according to exchange data. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty nursed losses for the third consecutive session on Friday (January 10, 2025), in lockstep with a weak trend in global equities as concerns over economic growth and a slowdown…

Rupee recovers from record low to settle 4 paise higher at 85.87 against U.S. dollar

Photo used for illustration purpose only | Photo Credit: Reuters The rupee recovered slightly from its record low and settled with a gain of 4 paise at 85.87 (provisional) against the U.S. dollar on Thursday (January 9, 2025) amid firm American currency and elevated level of crude oil prices. According to forex analysts, relentless selling…

Sensex, Nifty tumble nearly 1% on unabated foreign fund outflows; TCS earnings in focus

Photo used for representation purpose only. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty tumbled nearly 1 per cent on Thursday (January 9, 2025) due to heavy selling in market heavyweights HDFC Bank, TCS and Reliance as investors turned nervous over earnings growth concerns amid unabated foreign capital outflows. Besides, abysmally low Chinese…

Rupee plunges 13 paise to settle at new record low of 85.87 against U.S. dollar

Image used for representational purpose. | Photo Credit: Reuters The rupee extended its slide for the second straight session and declined 13 paise to hit a fresh record low of 85.87 (provisional) against the U.S. dollar on Wednesday (January 8, 2025) amid higher crude oil prices and stronger American currency. Lacklustre sentiment in domestic equity…

Markets settle marginally lower on muted GDP growth projection; HDFC, ICICI Bank major drag

The gross domestic product (GDP) rate of 6.4% will be the lowest since the year of Covid (2020-21). File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty ended marginally lower in a volatile session on Wednesday (January 8, 2025), as investors stayed on the sidelines ahead of the earnings season amid lower economic…

Market benchmarks rebound after two-day decline as Reliance, ICICI Bank rally

The 30-share BSE benchmark Sensex climbed 234.12 points or 0.30% to settle at 78,199.11. File. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty rebounded on Tuesday (January 7, 2025) after a sharp decline in the previous two sessions, driven by intense buying in blue-chip stocks like Reliance Industries, ICICI Bank and L&T amid…

Rupee settles 5 paise lower at 85.73 against U.S. dollar

At the interbank foreign exchange, the rupee opened at 85.77, touched the day’s peak of 85.65 and hit an intraday low of 85.80 against the greenback | Photo Credit: Reuters The rupee fell 5 paise to settle at 85.73 (provisional) against the U.S. dollar on Tuesday (January 7, 2025), as higher crude oil prices and…

Rupee falls 4 paise to close at new record low of 85.83 against U.S. dollar

Photo used for illustration purpose only. | Photo Credit: Reuters The rupee declined 4 paise to settle at a fresh record low of 85.83 (provisional) against the U.S. dollar on Monday (January 6, 2025), amid a steep fall in domestic equity markets and unabated outflow of foreign capital. Forex traders said the surging U.S. bond…

HMPV scare: Sensex, Nifty crash over 1.5% amid foreign fund outflows, concerns over earning season

Image used for representational purpose. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty crashed 1.6% on Monday (January 6, 2025) due to an across-the-board selloff, as concerns over third-quarter earnings growth and the continued flight of foreign capital sapped risk appetite. Besides, traders said that the new HMP virus scare, depreciating rupee and…

Market Capitalisation of four of top-10 most valued firms erode by ₹96,605.66 crore; HDFC Bank hit hard

The market valuation of HDFC Bank tumbled ₹37,025.46 crore to ₹13,37,919.84 crore. | Photo Credit: Reuters The combined market valuation of four of the top-10 most valued firms eroded by ₹96,605.66 crore last week, with HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India…

FPIs withdraw ₹4,285 crore in three trading sessions amid high valuations, global headwinds

Representational image only. File | Photo Credit: Special arrangement Foreign investors pulled out ₹4,285 crore from Indian equities in the first three trading days of the month driven by apprehensions ahead of the third-quarter earnings season and high valuations of domestic stocks. This came following an investment of ₹15,446 crore in the entire December, data…

Why is the rupee weakening against the dollar?: Explained

The current bout of rupee depreciation is seen as driven primarily by the exit of foreign investors from India, which has put pressure on the rupee. | Photo Credit: Reuters The story so far: In the last week of December, 2024, the rupee breached the 85 mark against the U.S. dollar, touching an all-time low…

Sensex, Nifty tank nearly 1% on selloff in banking, IT stocks

From the Sensex pack, Zomato, HDFC Bank, Tech Mahindra, Adani Ports, Tata Consultancy Services, ICICI Bank, Sun Pharma, Larsen & Toubro, HCL Tech and ITC were the major laggards. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty buckled under selling pressure to settle nearly 1% lower on Friday (January 3, 2025) as…

Film producer Vipul Shah’s Sunshine Pictures files draft papers for IPO to raise funds

Vipul Shah, producer of The Kerala Story. File. | Photo Credit: EMMANUAL YOGINI Film and television producer-director Vipul Shah-backed Sunshine Pictures Ltd has filed draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a total offer size of 83.75 lakh equity shares including a fresh…

Rupee falls four paise to close at record low of 85.79 against U.S. dollar

On December 27, 2024, the local currency touched its lifetime intra-day low of 85.80 against the greenback. File | Photo Credit: The Hindu The Rupee depreciated four paise to close at a record low of 85.79 (provisional) against the U.S. dollar on Friday (January 3, 2025), as strong dollar demand from importers and a muted…

Rupee falls 9 paise to close at 85.73 against U.S. dollar

Image for representative purposes only | Photo Credit: Reuters The rupee depreciated 9 paise to close at 85.73 (provisional) against the U.S. dollar on Thursday (January 2, 2025), as strong dollar demand from importers and foreign fund outflows dented investor sentiments. Forex traders said the dollar gained against most currencies during 2024 and continued to…

Sensex, Nifty surge nearly 2% on buying in financial, IT stocks

The gross GST collection rose 7.3% year-on-year to ₹1.77 lakh crore in December despite a significant increase in both domestic and export refunds. File | Photo Credit: Reuters Benchmark Se nsex rallied 1,436 points to close at a two-week high on Thursday (January 2, 2025) on buying in financial, auto and IT shares. The 30-share…

Rupee falls 5 paise to 85.69 against U.S. dollar in early trade

Forex traders said the dollar index and U.S. 10-year bond yields have been on an uptrend largely owing to the Federal Reserve’s cautious stance and the ‘Trump factor’

Rupee ends flat at 85.64 against U.S. dollar

Image used for representation. Photo: V.V. Krishnan The rupee settled flat at 85.64 against the U.S. dollar in the first session of 2025 on Wednesday (January 1, 2025), as gains from positive domestic equities were offset by unabated foreign fund outflows. At the interbank foreign exchange, the rupee opened at 85.63 and touched an…

Anthem Biosciences files draft papers with Sebi for ₹3,395-crore IPO

Anthem Biosciences on Tuesday (December 31, 2024) filed preliminary papers with capital markets regulator Sebi to float a ₹3,395-crore initial public offering. The proposed initial public offer (IPO) is entirely an offer for sale (OFS) worth ₹3,395 crore by promoters, investors and other selling shareholders, according to a Draft Red Herring Prospectus (DRHP). Under the…

Sensex declines 109 points in final session, ends 2024 with over 8% gains

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Benchmark indices Sensex and Nifty ended lower in the final session of 2024 on Tuesday (December 31, 2024) amid persistent foreign fund outflows and weak trends in the global…

Rupee falls 5 paise to 85.53 against U.S. dollar in early trade

Image used for representational purposes. Photo: Special Arrangement The rupee dropped 5 paise to 85.53 against the US dollar in early trade on Monday (December 30, 2024), as dollar demand from importers, foreign fund outflows and a muted trend in domestic equities dented investor sentiments. Forex traders said the rupee witnessed heavy volatility on…

Stock markets decline amid unabated foreign fund outflows, weak global trends

From the 30 sensex pack, Tata Motors, Titan, Tata Steel, State Bank of India, Mahindra & Mahindra, NTPC, ICICI Bank, Maruti, HDFC Bank and Infosys were among the biggest laggards. File | Photo Credit: Getty Images Benchmark Sensex dropped by nearly 451 points on Monday (December 30, 2024) amid unabated foreign fund outflows, weak trends in…

Rupee falls 23 paise to hit fresh record low of 85.50 against U.S. dollar

The Rupee’s earlier sharpest one-day fall of 68 paise was recorded on February 2, 2023. File | Photo Credit: Reuters The Rupee fell steepest in almost two years to hit its lifetime intraday low of 85.80 before a suspected Central bank intervention helped recover some of its losses and settled 23 paise lower at a…

Markets surge in early trade on buying in blue-chip bank stocks

From the 30 blue-chip stocks, State Bank of India, Maruti, Axis Bank, ICICI Bank, Mahindra & Mahindra and Power Grid were among the biggest gainers. File. Representational image Benchmark indices Sensex and Nifty surged in early trade on Thursday (December amid a rally in Asian markets and buying in blue-chip bank stocks. The 30-share BSE…

Rupee falls 23 paise to hit fresh record low of 85.50 against U.S. dollar

Markets trade higher in early trade on buying in bank stocks, rally in Asian peers

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Benchmark indices Sensex and Nifty climbed in early trade on Friday (December 27, 2024) amid buying in bank stocks and a largely firm trend in the Asian markets. The…

SaaS Fintech Zaggle raises ₹595 crore via QIP; eyes acquisitions

Dr. Raj Narayanam, founder & executive chairman, Zaggle. File | Photo Credit: Special arrangement B2B Software-as-a-Service (SaaS) fintech Zaggle Prepaid Ocean Services having raised ₹595 crore through Qualified Institutional Placement (QIP) route is now eying at least two acquisitions in the next 12 months, it is learnt. “The company is evaluating five to six potential targets in the SaaS…

Markets settle higher on buying in bank, auto stocks

From the 30 Sensex pack, Mahindra & Mahindra, IndusInd Bank, Bajaj Finance, Tata Motors, Bajaj Finserv, Nestle and ICICI Bank were the biggest gainers. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty ended higher on Friday (December 27, 2024) amid buying in bank and auto stocks. The 30-share BSE Sensex climbed 226.59 points…

Stock markets settle flat in muted trade; Adani Ports spurts over 5%

An employee of a stock trading firm looking at a share price on his computer. | Photo Credit: The Hindu Benchmark indices Sensex and Nifty ended flat in listless trading on Thursday (December 26, 2024) amid a lack of near-term triggers and unabated foreign fund outflows. The 30-share BSE benchmark Sensex dipped 0.39 points to…

Rupee plunges 12 paise to close at new all-time low of 85.27 against U.S. dollar

Image used for representative purpose only. | Photo Credit: Reuters The rupee stayed weak for the third straight session and fell 12 paise to settle at a fresh all-time low of 85.27 (provisional) against the U.S. dollar on Thursday, amid a strong greenback and rising crude oil prices. Forex traders said, increased month-end as well…

Sensex, Nifty settle almost flat in highly volatile trade; metal, power stocks drag

Representational image of the Bombay Stock Exchange (BSE) building | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty ended on a flat note in a volatile trade on Tuesday (December 24, 2024), as investors preferred to stay on the sidelines awaiting further triggers amid persistent foreign fund outflows. After gyrating between highs and lows,…

IndiQube Spaces files draft papers with Sebi for ₹850 crore IPO

IndiQube, a managed workplace solutions company, is dedicated to transforming the traditional office experience through comprehensive, sustainable, and technology-driven solutions. Representational image. | Photo Credit: Getty Images/iStockphoto Workplace solutions company IndiQube Spaces Ltd has filed preliminary papers with capital markets regulator Sebi to raise ₹850 crore through an initial public offering (IPO). Also read: The changing…

Lokpal calls SEBI chief, complainants for ‘oral hearing’ over corruption charges

SEBI chairperson Madhabi Puri Buch speaks during the Global Fintech Fest in Mumbai on August 29, 2024. | Photo Credit: PTI Anti-corruption ombudsman Lokpal has called SEBI chief Madhabi Puri Buch and also complainants, including Trinamool Congress MP Mahua Moitra, for an “oral hearing” next month in connection with corruption complaints being heard by it,…

Rupee falls 9 paise to close at fresh record low of 85.20 against U.S. dollar

Image for representative purposes | Photo Credit: Reuters The rupee extended its slide for the second straight session and depreciated 9 paise to settle at a fresh all-time low of 85.20 (provisional) against the U.S. dollar on Tuesday (December 24, 2024). The rupee was dragged by a strong greenback against major crosses overseas and subdued…

Rupee falls 7 paise to close at 85.11 against U.S. dollar

Image used for representative purpose only. | Photo Credit: REUTERS The rupee failed to resist pressure from strengthening American currency and lost 7 paise to settle at 85.11 (provisional) against the U.S. dollar on Monday despite a sharp recovery in domestic equities. According to forex traders, the rupee stayed weak due to significant dollar demand.…

Markets stage sharp recovery after five days of fall; Sensex climbs 500 points

From the 30 sensex package, ITC, Tech Mahindra, HDFC Bank, Reliance Industries, IndusInd Bank, Titan, State Bank of India and ICICI Bank were the biggest gainers. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty rebounded sharply on Monday (December 23, 2024) after five days of steep decline amid value buying at lower…

SEBI extends suspension of futures trading in key farm commodities till January 2025

SEBI said the suspension of trading in futures contracts would be on soybean and its derivatives, crude palm oil, wheat, paddy rice, chickpeas, green gram and rapeseed. File | Photo Credit: Reuters The suspension of trading in derivative contracts for key farm commodities was extended till January, so as to curb food inflation. The Securities…

Footwear component making to play key role to meet industry target of $26 billion by 2030

To ensure Indian companies manufacture high quality products, BIS which has been implemented will be applicable on all shoes from April 2025 onwards. Besides India has gone for its own standard in sizes of shoes rather than following the UK or the US sizes. Shoes in Indian sizes will be available from April 2025, Mr…

Markets decline in early trade amid unabated foreign fund outflows

The 30-share BSE benchmark Sensex declined 214.08 points to 79,003.97 in early trade. The NSE Nifty also dipped 63.8 points to 23,887.90. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty declined in early trade on Friday (December 20, 2024) amid unabated foreign fund outflows and concerns over the US Federal Reserve signalling…

Six entities pay ₹3.49 crore to settle front-running trade case with Sebi

The logo of the Securities and Exchange Board of India (SEBI) is seen on the facade of its headquarters in Mumbai. | Photo Credit: REUTERS Six entities, including Samir Kothari and Jitendra N. Kewalramani, has settled with Sebi in a case pertaining to the suspected front-running of trades by paying ₹3.49 crore towards settlement charges.…

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar

Traders said the rupee recovered from lower levels in the latter half of the day on the softening of the U.S. dollar index and a potential intervention by the RBI. File Photo: Venkatachalapathy C. The rupee saw some recovery from its all-time low level and appreciated 10 paise to close at 85.03 (provisional) against the…

Bears tighten grip on markets; Sensex tanks 1,176 points; Nifty falls below 23,500 level

From the 30 blue-chip Sensex pack, JSW Steel, Nestle and Titan were the gainers. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty plunged about 1.5% on Friday (December 20, 2024), taking their downtrend to the fifth straight session, owing to risk aversion in the global markets after the hawkish stance of the…

Rupee falls 14 paise to close at all-time low of 85.08 against U.S. dollar

Image used for representative purpose only. | Photo Credit: Reuters The rupee dropped 14 paise and breached the crucial 85 level to close at an all-time low of 85.08 (provisional) against the U.S. dollar on Thursday, as a hawkish stance from the U.S. Federal Reserve sparked a broad dollar rally. Forex traders said the Indian…

Indian markets join global selloff as U.S. Fed indicates fewer rate cuts ahead; Sensex sinks below 80k

Equity benchmark Sensex on Thursday plunged about 965 points to crash below the 80,000 level due to heavy selling in global equities after the U.S. Federal Reserve signalled fewer rate cuts next year. Besides, deep losses in consumer durables, banking and IT stocks amid foreign fund outflows added to the gloom, analysts said. Falling for…

Sensex, Nifty extend losses into 3rd session on foreign fund outflows

File. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty stayed on the back foot for the third straight session on Wednesday (December 18, 2024) as investors offloaded utility, capital goods and metal stocks amid foreign fund outflows. The 30-share BSE benchmark Sensex tumbled 502.25 points or 0.62% to settle at 80,182.20, taking its…

Rupee falls 3 paise to close at all-time low of 84.94 against U.S. dollar

At the interbank foreign exchange, the rupee opened at 84.92 against the greenback, and touched 84.95 during intra-day trade. File. | Photo Credit: Reuters The rupee dropped 3 paise to close at an all-time low of 84.94 (provisional) against the U.S. dollar on Wednesday (December 18, 2024), as traders await cues from the US Fed…

Rupee settles on flat note, up 1 paisa at 84.90 against U.S. dollar

Image used for representational purpose only. | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 (provisional) against the U.S. dollar on Tuesday (December 17, 2024), weighed down by disappointing trade balance data and weak domestic markets. Forex traders said the rupee is…

Markets slump over 1% amid widespread selloff; Sensex sinks below 81k

Exchange data shows that FIIs offloaded equities worth ₹278.70 crore on Monday (December 16, 2024). File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty slumped over 1% on Tuesday (December 17, 2024), weighed down by an across-the-board selloff amid cautious investors’ approach ahead of the U.S. Fed interest rate decision. Falling for the…

Rupee falls 9 paise to all-time low of 84.89 against U.S. dollar

On Friday, the rupee rebounded from its all-time low level and settled with a gain of 8 paise at 84.80 against the U.S. dollar. File. | Photo Credit: Reuters The rupee depreciated by 9 paise to close at an all-time low level of 84.89 (provisional) against the U.S. dollar on Monday (December 16, 2024), dragged…

Markets decline amid weak global trends; Sensex falls 385 points

From the 30-share Sensex blue-chip pack, Titan, Adani Ports, UltraTech Cement, Tata Consultancy Services, NTPC, Bharti Airtel, Tech Mahindra, Infosys, Hindustan Unilever and JSW Steel were the biggest laggards. File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty closed lower on Monday (December 16, 2024) due to weak global cues amid caution ahead of…

Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade

Image used for representation purpose only. File | Photo Credit: V.V. Krishnan The rupee fell 2 paise to all-time low of 84.87 against the U.S. dollar in early trade on Wednesday (December 11, 2024), amid rising expectations of a shift in the Reserve Bank’s monetary policy stance post the appointment of Sanjay Malhotra as the…

Rupee recovers from all-time low, gains 5 paise to 84.83 against U.S. dollar in early trade

The rupee saw some recovery from its all-time low level and appreciated 5 paise to 84.83 against the U.S. dollar. File | Photo Credit: Reuters The rupee saw some recovery from its all-time low level and appreciated 5 paise to 84.83 against the U.S. dollar in early trade on Friday (December 13, 2024) on the…

Stock market crash today: Sensex, Nifty slump in early trade dragged down by metal stocks, foreign fund outflows

Bharti Airtel, Nestle, Adani Ports and Hindustan Unilever were the gainers. File | Photo Credit: AFP Benchmark indices Sensex and Nifty slumped in early trade on Friday (December 13, 2024) dragged down by metal stocks, foreign fund outflows and weak global cues. The 30-share BSE benchmark Sensex tumbled 1,207.14 points to 80,082.82 in the late…

Sensex Nifty recovery: Strong comeback amid easing inflation, buying in telecom stocks

Among the 30-share Sensex blue-chip pack, Bharti Airtel, ITC, Kotak Mahindra Bank, Hindustan Unilever, Titan, UltraTech Cement, HCL Technologies, and Power Grid, were the biggest gainers. File | Photo Credit: The Hindu Benchmark indices Sensex and Nifty ended sharply higher on Friday (December 13, 2024) amid heavy buying in telecommunication stocks and encouraging domestic inflation…

SEBI proposes retail investors participate in algo trading

In 2008, the SEBI had introduced algorithmic trading which provided facilities like faster order execution, reduced transaction costs and greater transparency. File | Photo Credit: Reuters Securities and Exchange Board of India (SEBI) on Friday (December 13, 2024) proposed a framework to allow retail investors to participate in algorithmic trading through stock brokers. In 2008,…

Rupee recovers 10 paise to end at 84.78 against U.S. dollar

Image used for representational purposes. File | Photo Credit: The Hindu The rupee rebounded from its all-time low level and settled with a gain of 10 paise at 84.78 (provisional) against the U.S. dollar on Friday (December 13, 2024), buoyed by a strong recovery in domestic equity markets and easing inflation data. However, a…

Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar

Image for representational purposes only | Photo Credit: Reuters The rupee depreciated by 4 paise to settle at an all-time low of 84.87 (provisional) against the U.S. dollar on Thursday (December 12, 2024), dragged down by negative domestic equity markets, outflow of foreign funds and rise in crude oil prices. Forex traders said investors were…

Sensex, Nifty climb in early trade amid positive global cues

Among the 30-share Sensex blue-chip pack, Tech Mahindra, Bharti Airtel, Tata Consultancy Services, Infosys, HCL Technologies and ICICI Bank were the biggest gainers. File | Photo Credit: Reuters Equity market benchmark indices Sensex and Nifty climbed in early trade on Thursday (December 12, 2024) driven by buying in IT stocks amid a firm trend in…

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

Mobikwik has reduced its IPO size from its earlier plans of ₹1,900 crore in 2021 to ₹700 crore in January this year to ₹572 crore now. File. | Photo Credit: Reuters The initial public offering (IPO) of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the…

Sensex, Nifty edge up in choppy trade amid caution ahead of U.S. inflation data

Image for representational purposes only | Photo Credit: The Hindu Benchmark equity indices Sensex and Nifty closed higher in choppy trade on Wednesday (December 11, 2024) as investors awaited key U.S. inflation data for further cues. The 30-share BSE Sensex rose by 16.09 points or 0.02% to close at 81,526.14. Snapping its three-day losing run,…

Stock market news: Sensex, Nifty end on flat note amid volatile trade

The 30-share BSE Sensex rises 1.59 points to close flat at 81,510.05. During the day, it climbed 217.88 points or 0.27% to hit an intraday high of 81,726.34. | Photo Credit: PTI GRAPHICS Equity benchmark indices Sensex and Nifty closed on a flat note on Tuesday (December 10, 2024) amid a lacklustre trade, as investors…

Rupee settles on a flat note near all-time low at 84.85 against U.S. dollar

Image for representative purposes only | Photo Credit: The Hindu The rupee settled for the day on a flat note higher by just 1 paisa at 84.85 (provisional) against the U.S. dollar on Tuesday (December 10, 2024), a tad above its all-time low level, as change of guard at the Reserve Bank of India raised…

Markets settle lower amid selling in blue-chip stocks

Image for representative purposes only | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty ended lower on Monday (December 9, 2024), dragged down by selling in blue-chip stocks Reliance Industries, Hindustan Unilever, Axis Bank and mixed global trend. After oscillating between highs and lows during the day, the 30-share BSE benchmark Sensex declined 200.66…

Rupee drops 8 paise to close at 84.74 against U.S. dollar

Forex traders said post the RBI monetary policy announcement, investors will await the Industrial Production (IIP) and CPI data for further cues. File | Photo Credit: The Hindu The rupee depreciated 8 paise to close at 84.74 (provisional) against the U.S. dollar on Monday (December 9, 2024), dragged down by fresh foreign fund outflows and…

Rupee trades in narrow range against U.S. dollar in early trade

Image used for representational purpose. | Photo Credit: Reuters Rupee opened on a flat note and rose just 4 paise from its all-time low level to 84.71 against the U.S. dollar in morning trade on Thursday (December 5, 2024), as the support from positive domestic equities was negated by the broad strength of the American…

‘Afghanistan economy shows modest signs of growth but recovery remains fragile,’ says World Bank

An Afghan woman tailor works with a sewing machine in the Afghan Women Business Hub in Kabul. File | Photo Credit: AP “Afghanistan’s economy is showing modest signs of growth after two years of severe contraction,” the World Bank said. In its latest development update issued late on Wednesday (December 4, 2024), the Financial Institution…

Sensex, Nifty face volatile trends after RBI policy announcement

Both the Nifty and Sensex faced bouts of volatility between highs and lows. File | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty turned highly volatile after the Reserve Bank of India’s monetary policy announcement. Markets dipped 0.45% to 81514 at the Bombay Stock Exchange (BSE) as the RBI governor Shaktikanta Das announced the…

Rupee settles on a flat note, rises 1 paisa to 84.70 against U.S. dollar

Forex traders said an overall decline in the U.S. dollar and crude oil prices supported the rupee. However, weak domestic markets capped sharp gains. File | Photo Credit: The Hindu The rupee settled on a flat note and appreciated by just 1 paisa to close at 84.70 (provisional) against the U.S. dollar on Friday (December…

Markets snap five-day rally; settle marginally lower in highly volatile trade after RBI policy

In the past five trading days, the BSE benchmark jumped 2,722.12 points, or 3.44%. File | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty ended marginally lower in a highly volatile trade on Friday (December 6, 2024), snapping their five-day rally, after the Reserve Bank of India kept the policy rate unchanged but sharply…

JP Morgan gives ‘overweight’ rating to four Adani bonds

U.S. investment banker JP Morgan has given ‘overweight’ rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. Also read: Fitch places some Adani bonds on negative watch after U.S. bribery charges In a report, JP Morgan gave ‘overweight’ rating on…

Sensex, Nifty surge on buying in IT stocks, foreign fund inflows

From the 30-share Sensex pack, Tata Consultancy Services, Titan, Infosys, Bharti Airtel, Bajaj Finance, ICICI Bank, HCL Technologies and Tech Mahindra were the biggest gainers. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty maintained their winning run on Thursday (December 5, 2024), rising 1%, propelled by buying in IT stocks amid a rally…

Rupee recovers from all-time low, rises 3 paise to close at 84.72 against U.S. dollar

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.16% at 106.15. File | Photo Credit: The Hindu The rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.72 (provisional) against the U.S. dollar in a…

Seoul stocks sink amid South Korea drama as Asian markets mixed

South Korean stocks sank Wednesday (December 4, 2024) while the won rebounded from earlier losses after President Yoon Suk Yeol dramatically declared martial law overnight before reversing the decision hours later. The shock announcement sent shivers through the trading floor in Seoul and fuelled a political crisis in Asia’s third-biggest economy, with the Opposition party…

Stock Market Today: Sensex reclaims 81,000 level in early trade on buying in HDFC Bank, IT stocks

Image of stock brokers for representation only | Photo Credit: ANI Benchmark indices Sensex and Nifty climbed in early trade on Wednesday (December 4, 2024) helped by buying in HDFC Bank, IT stocks and fresh foreign fund inflows. Rallying for the fourth day running, the BSE benchmark Sensex climbed 190.47 points to 81,036.22 in early…

Sensex, Nifty rally for 3rd day propelled by buying in blue-chip stocks, firm global peers

The BSE benchmark Sensex jumped 597.67 points or 0.74% to settle at 80,845.75 | Photo Credit: PTI Benchmark indices Sensex and Nifty rallied for the third straight session on Tuesday (December 3, 2024) amid buying in blue-chip stocks like HDFC Bank, Reliance Industries and firm trends in global markets. The BSE benchmark Sensex jumped 597.67…

Rupee falls 4 paise to all-time low of 84.76 against U.S. dollar in early trade

Image used for representative purpose only | Photo Credit: Reuters The rupee fell 4 paise to all-time low of 84.76 against the U.S. dollar in early trade on Tuesday, as the strength of the American currency in the overseas market and unabated foreign portfolio outflows dented investor sentiments. Forex traders said the depreciation in rupee…

Sensex, Nifty settle higher on buying in blue-chips

People outside the Bombay Stock Exchange (BSE), Mumbai. | Photo Credit: REUTERS Benchmark indices Sensex and Nifty ended higher on Monday (December 2, 2024) amid buying in blue-chip stocks Reliance Industries, Infosys and HDFC Bank along with a firm trend in the U.S. markets. Recovering the early lost ground, the BSE benchmark Sensex climbed 445.29…

Adani Green Energy shares jump 9% in morning trade

A vehicle drives past solar panels installed at the Adani Green Renewable Energy Plant in Khavda, Gujarat. | Photo Credit: AFP Shares of Adani Green Energy jumped 9% on Monday (December 2, 2024) morning after Adani group chairman Gautam Adani said his conglomerate was committed to compliances and “every attack makes us stronger” amid recent…

Stock market today: Sensex, Nifty bounce back after sharp correction in previous trade

File image. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty rebounded in early trade on Friday (November 29, 2024) amid buying in frontline stocks Reliance Industries and HDFC Bank. The BSE benchmark Sensex climbed 216.18 points to 79,259.92 in early trade. The NSE Nifty went up by 78.6 points to 23,992.75. From the…

FPIs’ selling spree continues in November at ₹21,612 crore

Representational image only. File | Photo Credit: Special arrangement Foreign investors pulled out ₹21,612 crore ($2.56 billion) from the Indian equity market in November, mainly owing to the rising U.S. bond yields, strengthening dollar and expectation of a slowdown in the domestic economy. While the sell-off continues, the quantum of net outflow significantly reduced compared…

Rupee falls 2 paise to 84.49 against U.S. dollar in early trade

File image. | Photo Credit: Reuters The rupee fell 2 paise to trade at 84.49 against the U.S. dollar in early trade on Friday (November 29, 2024) dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said the rupee remains in a weakening mode due to dollar demand from…

Sensex, Nifty rebound after deep plunge to settle nearly 1% higher

The majority of Adani Group firms ended higher, with Adani Green Energy soaring 21.72% and Adani Energy Solutions surging 15.56% on the BSE. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty rebounded on Friday (November 29, 2024), surging nearly 1% each, amid buying in frontline stocks Bharti Airtel and Reliance Industries. The…

Zomato raises ₹8,500 crore via Qualified Institutional Placement at ₹252.62 per share

Food delivery aggregator Zomato has raised ₹8,500 crore by selling equity shares to qualified institutional investors. File | Photo Credit: Reuters Food delivery aggregator Zomato has raised ₹8,500 crore by selling equity shares to qualified institutional investors, mainly domestic mutual fund houses, to fund its expansion and growth plans. Zomato, which also owns quick-commerce firm…

Adani Group stocks surge; Adani Green jumps nearly 15%

A man walks past a corporate office of Adani Group in Gurugram, India, November 22, 2024. REUTERS/Priyanshu Singh | Photo Credit: Reuters Shares of all 11 listed Adani Group firms rallied in morning trade on Friday (November 29, 2024), with Adani Green Energy surging nearly 15%. The stock of Adani Green Energy jumped 14.64%, Adani…

Stock market today: Sensex, Nifty rise in early trade amid buying in HDFC Bank, SBI

Equity benchmark indices Sensex and Nifty opened on a positive note in early trade on Thursday amid buying in blue-chip stocks like HDFC Bank and State Bank of India. The BSE benchmark Sensex rose 95 points to 80,329.08 in early trade. The NSE Nifty went up 48.15 points to 24,323.05. From the 30-share Sensex pack,…

Nine Adani Group firms trade higher at BSE on November 28, 2024

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad. | Photo Credit: REUTERS Shares of nine of the 11 listed Adani Group firms were trading higher during morning trade on Thursday (November 28, 2024), with Adani Total Gas soaring nearly 19 per cent.…

Rupee plunges 15 paise to settle at 84.44 against U.S. dollar

Image used for representational purposes. File | Photo Credit: RAGHUNATHAN SR The rupee declined sharply by 15 paise to close at 84.44 (provisional) against the U.S. dollar on Wednesday (November 27, 2024) amid uncertainties surrounding U.S. President-elect Donald Trump’s trade policies and an increase in crude oil prices. However, a strong show at the…

Adani group stocks recover sharply; Adani Enterprises up 10%

Adani Power was nearly 16% up, while Adani Ports and SEZ had risen 7.2% in the morning trade on November 27, 2024. | Photo Credit: Dado Ruvic After getting beaten down on Tuesday, all Adani group stocks recovered sharply on Wednesday (November 27, 2024), with Adani Green Energy Ltd. seeing the first uptick in share…

Rupee falls 3 paise to close at 84.32 against U.S. dollar

Representational image. File The rupee fell 3 paise to close at 84.32 (provisional) against the U.S. dollar on Tuesday (November 26, 2024), as the greenback strengthened on Donald Trump’s tariff plans and a muted trend in domestic equities. Forex traders said U.S. President elect Donald Trump’s comments that he would impose additional 10% tariffs on…

Rupee rises 7 paise to 84.22 against U.S. dollar in early trade

On November 25, 2024, the rupee appreciated 12 paise to close at 84.29 against U.S. dollar. | Photo Credit: V.V. Krishnan Rupee appreciated 7 paise to 84.22 against the U.S. dollar in morning trade on Tuesday (November 26, 2024), on a sharp rebound in domestic equities amid improved investor risk appetite. Forex traders said the…

Rupee rises 10 paise to close at 84.31 against U.S. dollar

The rupee recovered on Friday (November 22, 2024) from its all-time low level and appreciated 9 paise to close at 84.41 against the U.S. dollar. Photo: Special Arrangement The rupee appreciated 10 paise to close at 84.31 (provisional) against U.S. dollar on Monday (November 25, 2024), supported by a firm trend in domestic equities amid improved…

Nine Adani group firms climb in early trade; NDTV shares goes lower by 2%

Shares of Adani Enterprises went up by 4%, Adani Wilmar (3.23%), ACC (3%) and Ambuja Cements (2.71%) on the BSE. | Photo Credit: Reuters Shares of nine of the ten Adani group firms climbed on the bourses in morning trade on Monday (November 25, 2024), with Adani Energy Solutions surging nearly 7%, in-tandem with a…

Stock market today: Sensex, Nifty bounce back in early trade after sharp fall in previous session

From the 30-share Sensex pack, State Bank of India, ICICI Bank, IndusInd Bank, Tata Motors, Power Grid, Bajaj Finance, Bajaj Finserv and Tech Mahindra were the biggest gainers. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty bounced back in early trade on Friday (November 22, 2024) after falling sharply in the previous session…

Rupee trades in narrow range against US dollar in early trade

Rupee opened on a flat note and rose just 3 paise from its all-time low level to 84.47 against the US dollar in morning trade on Friday (November 22 2024), as the support of positive domestic equities was negated by geopolitical pressures and unabated foreign portfolio outflows. The US dollar strengthened in the overseas market…

Rupee rises 6 paise to close at 84.44 against U.S. dollar

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading higher. File | Photo Credit: RAGHUNATHAN S.R. The rupee recovered from its all-time low level and appreciated 6 paise to close at 84.44 (provisional) against the U.S. dollar on Friday (November 22, 2024), supported by positive domestic equities. Forex…

Day after U.S. court rap, Adani energy firms’ stocks sink further

A pedestrian watches a digital broadcast on the facade of the Bombay Stock Exchange in Mumbai on November 22, 2024. | Photo Credit: AFP A day after the Adani Group faced its worst market hammering since Hindenburg Research’s allegations in early 2023, six group stocks, including those of flagship Adani Enterprises Ltd. (AEL), recorded a…

India’s forex reserves see sharpest weekly drop on record, hit over four-month low

Image used for representational purposes. File India’s foreign exchange reserves logged their sharpest weekly fall on record to a more-than-four-month low last week, as the dollar strengthened following the U.S. election verdict, and the central bank sold from its reserves to limit the rupee’s decline. The reserves fell by $17.8 billion in the week of…

Kenya cancels projects with Adani Group amid bribery indictment in US

This grab from a video released by Adani Enterprises Ltd. on Thursday, Feb.2, 2023, shows Indian billionaire Gautam Adani. | Photo Credit: AP Adani Enterprises Ltd opened at ₹2,101, which is 3.8% lower than the previous close on the National Stock Exchange, as the Kenyan government cancelled Adani Group projects in response to the U.S.…

Adani group stocks nosedive; Sensex, Nifty tumble amid broad-based selloff

Watch: Sensex, Nifty tumble amid broad-based selloff; Adani group stocks nosedive A vendor walks past by a poster of bear and bull in south Mumbai. File | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty tumbled on Thursday (November 21, 2024) amid a sharp fall in Adani group stocks after billionaire industrialist Gautam…

Gautam Adani US Indictment: Names of 7 others accused in the US fraud case

Gautam Adani indicted by the U.S. Securities and Exchange Commission (SEC) with fraud, bribery, and corruption for allegedly defrauding American investors and bribing officials. File photo | Photo Credit: AP Gautam Adani along with seven others that includes his nephew Sagar Adani have been indicted by the U.S. Securities and Exchange Commission (SEC) with fraud,…

Maharashtra polls: Nifty, Sensex closed today, FPIs sold equities of Rs 3,411.73 crore on Nov. 19

Domestic stock markets on November 19, 2024 showed some bounce back after consistent selling pressure at the beginning of this week. | Photo Credit: Reuters Stock markets across the country remained closed on Wednesday on account of the assembly elections in Maharashtra. The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) observed a…

Rupee settles 1 paisa lower at 84.43 against U.S. dollar

The rupee recovered from its lowest level of 84.46 to settle 4 paise higher at 84.42 against the U.S. dollar | Photo Credit: Getty Images/iStockphoto The rupee traded in an almost flat note and settled 1 paisa lower at 84.43 (provisional) against the U.S. dollar on Tuesday (November 19, 2024), as support from positive domestic…

Sensex, Nifty rebound after days of downtrend

Image for representative purpose only | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty bounced back on Tuesday (November 19, 2024) after days of downtrend on value-buying at lower levels and rally in blue-chip stocks HDFC Bank, Tech Mahindra and M&M. Continuous buying by domestic institutional investors also supported the indices, traders said. Snapping…

Rupee rises 2 paise to 84.40 against U.S. dollar in early trade

On Monday, the rupee bounced back from a low of 84.46, settling 4 paise higher at 84.42 against the U.S. dollar. File | Photo Credit: NAGARA GOPAL The rupee rose 2 paise to 84.40 against the U.S. dollar in early trade on Tuesday (November 19, 2024) amid a recovery in domestic equity markets and a…

Rupee recovers from all-time low to settle 6 paise higher at 84.40 against U.S. dollar

Image for representative purposes only | Photo Credit: Reuters The rupee recovered from its all-time low level and settled with a gain of 6 paise at 84.40 (provisional) against the U.S. dollar on Monday (November 18, 2024), backed by a retreating American currency. Forex traders said, the recovery in the local unit was capped by…

Sensex, Nifty decline in early trade as FPIs selling spree, IT stocks dampen market sentiment

Bombay Stock Exchange (BSE). File. | Photo Credit: Reuters Equity benchmark indices declined in early trade on Monday, owing to relentless foreign fund outflows, selling in IT stocks and weak leads from the U.S. markets. The BSE benchmark Sensex declined 156.72 points to 77,423.59 in early trade. The NSE Nifty dipped 64.25 points to 23,468.45.…

Stock market today: Sensex, Nifty see free fall amid soaring inflation, foreign fund exodus

The BSE benchmark Sensex tanked 984.23 points or 1.25% to settle at 77,690.95, extending its previous day’s fall. File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty tumbled more than 1% on Wednesday (November 13, 2024) amid retail inflation soaring to a 14-month high of 6.21% in October and unabated foreign fund outflows. Muted…

Swiggy IPO makes 500 employees ‘crorepatis’; unlocks ₹9,000 cr worth of ESOPs

A man walks near a logo of Swiggy ahead of its Initial Public Offering (IPO) listing ceremony at the National Stock Exchange (NSE) in Mumbai on November 13, 2024. | Photo Credit: Reuters Swiggy’s much-anticipated stock market debut on Wednesday (November 13, 2024) catapulted over 500 current and former employees to the “crorepati” club, with…

Rupee rises 1 paisa to close at 84.38 against U.S. dollar

On Tuesday, the rupee fell 1 paisa to a new lifetime low of 84.39 against the U.S. dollar. File. | Photo Credit: Reuters The rupee moved in a narrow range and appreciated 1 paisa to close at 84.38 (provisional) against the U.S. dollar on Wednesday (November 13, 2024), as persistent foreign fund outflows and a…

Rupee slips 1 paisa to all-time low of 84.40 against US dollar in early trade

Representational image. | Photo Credit: REUTERS The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Thursday (November 14, 2024), weighed down by unabated foreign fund outflows and strong dollar demand from investors. Forex traders said the downward pressure on the USD/INR pair is largely driven…

Sensex drops 110 points; Nifty falls for sixth day on FII selling, inflationary concerns

From the 30-share Sensex pack, Hindustan Unilever, NTPC, Nestle, IndusInd Bank, Power Grid, Adani Ports, Tata Motors and Bajaj Finserv were the major laggards. | Photo Credit: Reuters Benchmark Sensex declined by 110 points in a see-saw trade on Thursday (November 14, 2024), marking its third straight session of losses amid continued FII selling, disappointing…

Rupee falls 4 paise to close at all-time low of 84.43 against U.S. dollar

The rupee traded in a tight range and fell 4 paise to close at an all-time low of 84.43 (provisional) against the U.S. dollar. File | Photo Credit: Reuters The rupee traded in a tight range and fell 4 paise to close at an all-time low of 84.43 (provisional) against the U.S. dollar on Thursday…

Strong rebound in exports, but import bill hits all-time high in October

Between April and October, India’s non-petroleum exports surged to the highest ever tally of $211.3 billion, Commerce Secretary Sunil Barthwal said. File | Photo Credit: Reuters India’s goods exports, that had clocked an anaemic 1% uptick in the first half of 2024-25, began the second half on a strong note with October shipments jumping at…

Sensex, Nifty trade firm in early trade

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Benchmark equity indices bounced back in early trade on Thursday (November 14, 2024) after facing heavy correction in the last two trading days, amid massive buying by domestic institutional…

Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

From the 30-share Sensex pack, Mahindra & Mahindra, Tata Steel, Adani Ports, JSW Steel, IndusInd Bank, Reliance Industries, HDFC Bank and Kotak Mahindra Bank were the biggest laggards. | Photo Credit: Reuters Equity investors suffered an erosion of ₹13 lakh crore in market valuation in two days of crash in the BSE benchmark Sensex which…

Rupee falls 1 paisa to all-time low of 84.40 against U.S. dollar in early trade

Image used for representative purpose only | Photo Credit: C. Venkatachalapathy The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday (November 13, 2024), as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit. Forex traders said the…

Market investors become poorer by ₹5.29 lakh crore amid massive correction in stocks

Representational file image. | Photo Credit: ANI A sharp fall in the equity market made investors poorer by ₹5.29 lakh crore on Tuesday when the BSE benchmark Sensex tumbled over 800 points. A host of negative triggers — muted quarterly earnings, continuous foreign fund outflows and weak trends in Asian and European markets — dragged…