Digital Marketing Archives - Page 4 of 7

Rupee falls 2 paise 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 2 paise to an all-time low of 84.40 against the U.S .dollar in early trade on Tuesday (November 12, 2024), as persistent foreign fund outflows and strength of the American currency in the overseas market dented investors’ sentiments. Forex traders said…

Sensex, Nifty close flat amid unabated foreign fund outflows, muted earnings

The Sensex eked out gains of 9.83 points, or 0.01%, to settle at 79,496.15 and the Nifty dipped marginally by 6.90 points, or 0.03%, to 24,141.30. File Benchmark stock indices Sensex and Nifty closed flat in highly volatile trade on Monday (November 11, 2024) as continuous Foreign Institutional Investors FII selling, disappointing quarterly earnings, and…

Stock Markets decline in early trade amid unabated foreign fund outflows, muted earnings

FIIs offloaded equities worth ₹3,404.04 crore on Friday (November 8, 2024). File | Photo Credit: Reuters Benchmark-sensitive indices Sensex and Nifty fell in early trade on Monday (November 11, 2024) as continuous foreign fund outflows, disappointing quarterly earnings and weak trends from Asian markets dented investors’ sentiment. Forex traders said the volatility in the equity…

Rupee falls 5 paise to all-time low of 84.37 against US dollar in early trade

An employee counts U.S. dollar bills at a foreign exchange counter inside a bank in New Delhi. File photo | Photo Credit: REUTERS The rupee fell 5 paise to an all-time low of 84.37 against the US dollar in early trade on Friday (November 8, 2024), weighed down by persistent foreign fund outflows and a…

‘Domestic savers to offset foreign investor exodus’: experts

Although Dalal Street may remain volatile in the short term thanks to FII exits, it will stabilise in the medium term, experts said | Photo Credit: Paul Noronha October’s record pullback from Indian markets by foreign institutional and portfolio investors (FIIs and FPIs) may not deter inflows from domestic investors into Indian equity markets as…

Reliance Power shares drop 5%; hit lower circuit limit

Shares of Reliance Power Ltd fell by 5% on Friday (November 8, 2024) as the company and Reliance NU BESS Ltd have been debarred from participating in Solar Energy Corporation of India Ltd (SECI) tenders for three years for allegedly submitting “fake documents”. The stock tanked 4.99% to ₹41.47, its lower circuit limit, on the…

Sensex, Nifty fall for 2nd day amid foreign fund exodus, muted corporate earnings

Bombay Stock Exchange (BSE) building in Mumbai. File. | Photo Credit: Reuters Stock markets closed lower for the second straight day on Friday (November 8, 2024) amid relentless foreign fund outflows and losses in blue-chip stocks Reliance Industries, ICICI Bank and State Bank of India. Benchmark BSE Sensex declined by 55.47 points or 0.07% to…

Rupee falls 5 paise to hit new all-time low of 84.37 against U.S. dollar

Image used for representative purpose only | Photo Credit: C. Venkatachalapathy Declining for the third straight session, the rupee dropped 5 paise to hit a new lifetime low of 84.37 (provisional) against the U.S. dollar on Friday (November 8, 2024), weighed down by persistent foreign fund outflows and a muted trend in domestic equities. Forex…

Sensex, Nifty fall in early trade amid foreign fund exodus

The BSE benchmark Sensex fell by 424.42 points to 79,117.37 in early trade. The NSE Nifty declined 132.7 points to 24,066.65. File | Photo Credit: Reuters The Sensex and Nifty fell in early trade on Friday (November 8, 2024) amid continuous foreign fund outflows and weak trends in blue-chip stocks Reliance Industries and ICICI Bank.…

Rupee falls 6 paise to fresh all-time low of 84.37 against US dollar

Image for representative purposes only | Photo Credit: Reuters The rupee declined 6 paise to close at a fresh lifetime low of 84.37 (provisional) against the U.S. dollar on Thursday (November 7, 2024), as weak domestic equities and sustained foreign fund outflows dented market sentiment. Forex traders said investors were also cautious ahead of the…

Rupee rises 5 paise to 84.26 against U.S. dollar in early trade

Image used for representative purpose only. | Photo Credit: RAGU R The rupee recovered from its all-time low level and witnessed a range-bound trade against the U.S. dollar in early hours on Thursday, as investors remained cautious ahead of the U.S. Fed meeting outcome later this week. Forex traders said RBI interventions will keep the…

Donald Trump victory: Sensex, Nifty surge over 1% on heavy buying in IT stocks on Trump’s U.S. election win

A vendor walks past by a poster of bear and bull in south Mumbai. File Stock markets rallied more than 1% on Wednesday (November 6, 2024) with benchmark Sensex soaring 901 points on heavy buying in IT and pharma shares as Donald Trump wins the U.S. presidential elections. Extending its gains to the second day,…

Rupee falls 14 paise to all-time low of 84.23 against U.S. dollar in early trade

At the interbank foreign exchange, the rupee opened at an all-time low of 84.23 against the greenback, registering a fall of 14 paise over its previous close. File | Photo Credit: The Hindu The rupee fell 14 paise to an all-time low of 84.23 against the U.S. dollar in early trade on Wednesday (November 6,…

Rupee rises 1 paisa to close at 84.10 against U.S. dollar

Forex traders said investors were cautious ahead of the U.S. presidential election. (Representational image) The rupee recovered from its all-time low level to settle 1 paisa higher at 84.10 (provisional) against the U.S. dollar on Tuesday (November 5, 2024), supported by a recovery in the domestic markets and suspected intervention by the Reserve Bank of…

Rupee falls 2 paise to all-time low of 84.13 against U.S. dollar in early trade

Representational image. | Photo Credit: The Hindu In early trade on Tuesday (November 5, 2024), the rupee fell 2 paise to an all-time low of 84.13 against the U.S. dollar, as persistent foreign fund outflows and a muted trend in domestic equities dented investor sentiments. Forex traders said all eyes are on the U.S.…

Sensex tanks 942 points; Nifty plunges below 24K on heavy selling in Reliance, banking shares

Image for representative purposes only | Photo Credit: Reuters Benchmark Sensex tanked nearly 942 points to settle at a three-month low while Nifty tumbled more than 1% to close below 24,000 on Monday (November 4, 2024) dragged down by heavy selling in Reliance Industries and banking shares. The 30-share BSE Sensex tumbled 941.88 points or…

Stock Market News: Sensex, Nifty plunge in early trade dragged by Reliance Industries

Image used for representative purpose only. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty tumbled in early trade on Monday (November 4, 2024) dragged down by Reliance Industries and cautious investors’ sentiment ahead of the U.S. presidential elections and Federal Reserve interest rate decision. Relentless selling by foreign investors also dampened the sentiments…

Markets decline in early trade dragged by bank stocks, weak Asian peers

Image used for representative purpose only | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty fell in early trade on Wednesday (October 30, 2024) dragged down by bank stocks and weak trends in Asian markets. The BSE Sensex declined 366.53 points to 80,002.50 in early trade. The NSE Nifty dropped 129.25 points to 24,337.60.…

Swiggy announces ₹11,000 crore IPO with a price band of ₹371 to ₹390

File image. | Photo Credit: Getty Images Swiggy Ltd.‘s nearly ₹11,000 crore Initial Public Offering (IPO) will be open between November 6 and November 8, 2024. The company is has set a price band between ₹371 to ₹390 a piece. Shares for the IPO will be allotted in lots of 38 and its multiples. The…

Rupee falls 4 paise to close at 84.09 against U.S. dollar

Image used for representational purpose. | Photo Credit: Reuters Rupee depreciated 4 paise to close at 84.09 (provisional) against U.S. dollar on Wednesday (October 30, 2024), weighed down by weak domestic markets and month-end dollar demand from importers. Forex traders said suspected intervention by the Reserve Bank of India (RBI) supported the local currency at…

Why is there an upward rally in gold prices? Explained

The story so far: Mired amidst geopolitical tensions and economic uncertainty, spot price of gold scaled a record high of $2,758.37 for an ounce on October 23. At the time of writing, the yellow metal was priced at $2,731.45/ounce having marginally corrected course from the record high. In India, gold was mirroring the upward trajectory…

Muhurat trading: Sensex, Nifty advance to start Samvat 2081 on a high

Amit Chandra, chairperson and founder of Bain Capital’s India Office and Sundararaman Ramamurthy, CEO and MD at BSE Ltd pose as they hit the ceremonial gong to start a special “muhurat” trading session in Mumbai on November 1, 2024. | Photo Credit: Reuters Benchmark Sensex rose by 335.06 points, or 0.42%, to settle at 79,724.12…

Rupee settles on flat note, rises 1 paisa to 84.07 against U.S. dollar

Image used for representative purpose only. | Photo Credit: iStockphoto The rupee settled on a flat note and rose 1 paisa to 84.07 (provisional) against U.S. dollar on Thursday, weighed down by persistent foreign fund outflows and month-end dollar demand from importers. Forex traders said suspected intervention by the Reserve Bank of India (RBI) supported…

Sensex, Nifty decline on unabated foreign fund outflows, selling in IT stocks

An illuminated view of the BSE building ahead of the Diwali festival, in Mumbai on Tuesday. | Photo Credit: ANI Benchmark equity indices Sensex and Nifty fell for the second day on Thursday dragged down by losses in IT stocks and relentless foreign fund outflows. Falling for the second day in a row, the BSE…

Rupee opens on flat note, rises 1 paisa to 84.07 against U.S. dollar in early trade

At the interbank foreign exchange, the rupee opened at 84.08 against the greenback; it rose 1 paisa to 84.07 in initial trade. File | Photo Credit: The Hindu The rupee opened on a flat note and rose 1 paisa to 84.07 against the U.S. dollar in initial deals on Thursday (October 31, 2024), as strong…

Sensex, Nifty decline on selling in banking, financial stocks; weak global trends

From the 30-share Sensex pack, Infosys, ICICI Bank, Kotak Mahindra Bank, Mahindra & Mahindra, State Bank of India, HCL Technologies, Axis Bank, NTPC and HDFC Bank were among the laggards. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty declined on Wednesday (October 30, 2024), dragged down by banking and financial stocks amid weak…

Swiggy IPO to open on November 6; Food delivery giant likely to price $1.35 billion at ₹371-390/share

Swiggy has in recent weeks cut its internal valuation goal twice by a combined 25% due to volatility in the Indian stock markets. File. | Photo Credit: Reuters Food delivery giant Swiggy will likely price its $1.35 billion domestic initial public offering, which opens next week, at ₹371-390 per share, sources with direct knowledge of…

Rupee settles flat at 84.07 against U.S. dollar

Forex traders said the rupee is hovering around record low levels as the strong dollar weighed on the local unit. | Photo Credit: REUTERS The rupee settled flat at 84.07 (provisional) against the U.S. dollar on Tuesday, as the support from positive domestic markets and a softening crude oil prices was negated by persistent foreign…

Markets rebound in early trade on buying in ICICI bank, firm trends in Asian peers

From the 30 Sensex pack, ICICI Bank climbed nearly 3% after the private sector lender posted a 14.5% growth in standalone profit to ₹11,746 crore for the second quarter ended September-2024. File | Photo Credit: Reuters Equity markets rebounded in early trade on Monday (October 28, 2024), driven by buying in the stock of blue-chip…

Waaree Energies’ shares make remarkable market debut; jump nearly 70%

The company’s market valuation stood at ₹67,866.35 crore. Photo: Linkedin.com Shares of solar panel maker Waaree Energies Ltd on Monday (October 28, 2024) listed at a premium of 70%, opening at ₹2,550. The upper price band fixed for its recently concluded IPO was ₹1,503 per share, according to data from the Bombay Stock Exchange (BSE).…

IndusInd Bank shares plunge 17%; Mcap erodes by ₹15,572 crore amid disappointing earnings

Image used for representative purpose only. | Photo Credit: The Hindu Shares of IndusInd Bank on Friday (October 25, 2024) morning tumbled nearly 17% to hit the 52-week low level after the firm reported a 40% decline in net profit at ₹1,331 crore in the quarter ended September 2024. The stock dived 16% to hit…

Swiggy cuts IPO valuation again, to $11.3 billion, BlackRock and CPPIB to invest: report

Swiggy, backed by SoftBank and Prosus, was concerned to avoid a tepid response to its relatively large IPO, coming amid global uncertainty. File. | Photo Credit: Reuters Food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25% below the initial goal of $15 billion as market volatility and the lacklustre debut…

BJP protecting SEBI chairperson Madhabi Puri Buch from answering to PAC: Congress

This picture made from the video posted by the Congress shows SEBI chairperson Madhabi Puri Buch and the market regulator’s logo. Photo: X/@INCIndia The Congress on Saturday (October 26, 2024) accused the BJP of insulating Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch from answering to the Parliament’s Public Accounts Committee (PAC)…

Equity investors poorer by ₹7.15 lakh crore in morning trade as markets slump

Both BSE and Nifty tumbled on October 25, 2024, after Indusind Bank shares tanked. Image for representational purpose. | Photo Credit: VIVEK BENDRE Investors’ wealth eroded by a whopping ₹7.15 lakh crore during the morning trade on Friday as equity markets tumbled, driven by sharp fall in IndusInd Bank shares and unabated foreign fund outflows.…

Sensex, Nifty tank nearly 1% amid sharp fall in IndusInd Bank, foreign fund outflows

From the 30 Sensex pack, IndusInd Bank plunged more than 18.50% after the firm reported a 40% decline in September quarter net profit | Photo Credit: Reuters Declining for the fifth straight session, equity benchmark Sensex on Friday (October 25, 2024) plunged about 660 points to crash below the 80,000 level owing to widespread selling…

JSW Steel Q2 Results: Net profit falls more than 85% to ₹404 crore; output grows 7% to 6.77 MT

JSW Steel’s expenses were lower at ₹38,644 crore in the quarter under review against ₹40,801 crore in the year-ago quarter. File | Photo Credit: Reuters Steelmaker JSW Steel on Friday (October 25, 2024) reported a steep fall of 85.43% in its consolidated net profit at ₹404 crore in the July-September quarter of the current fiscal,…

Stock Markets fall dragged by Hindustan Unilever; massive foreign fund outflows

Image used for represnetative purpose only | Photo Credit: Reuters Equity markets turned negative after rallying in early trade on Thursday (October 24, 2024) as unabated foreign fund outflows and disappointing earnings from Hindustan Unilever dented investors’ sentiment. The BSE Sensex climbed 177.84 points to 80,259.82 in early trade. The NSE Nifty went up by…

Rupee stays unchanged at 84.07 against U.S. dollar

On October 23, 2024, the Rupee had settled with a marginal gain of one paisa at 84.07 against the U.S. dollar. File | Photo Credit: The Hindu The Rupee stayed stuck at its near-record low of 84.07 (provisional) against the U.S. dollar on Thursday (October 24, 2024) as surging crude oil prices and persistent foreign…

Markets rebound after sharp fall on buying by domestic investors, firm Asian peers

A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai. BSE Sensex and NSE Nifty rise in early trade. File | Photo Credit: Reuters Stock market benchmark indices rebounded in early trade on Wednesday (October 23, 2024) amid continuous buying by domestic institutional investors and firm trends across Asian…

Hyundai Motor India shares jump 6%

Shares of newly-listed Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai, jumped 6% on Wednesday (October 23, 2024), a day after making the market debut. The stock climbed 5.91% to ₹1,928.15 from the previous close on the BSE. At the NSE, the stock surged 6% to ₹1,928.90. Shares of Hyundai Motor…

Sensex, Nifty tumble over 1% on weak global cues, foreign fund exodus

A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty plunged more than 1% on Tuesday (October 22, 2024) due to across-the-board selloff amid massive foreign fund exodus from the capital markets and sluggish global equities. Besides, a weak earnings growth trend also dented market sentiment,…

Rupee settles flat at 84.07 against U.S. dollar for second straight session

Photo used for representation purpose only. | Photo Credit: Reuters The rupee settled flat at 84.07 (provisional) against the US dollar for the second straight session on Tuesday (October 22, 2024), tracking negative domestic equity markets and unabated outflow of foreign funds. The local unit was also weighed down by elevated crude oil prices as…

UltraTech Cement Q2 profit reports consolidated net profit ₹825 crore

UltraTech Cement’s total income, which includes other income, was at ₹15,855.46 crore. File | Photo Credit: Special arrangement “UltraTech Cement Limited on Monday (October 21, 2024) reported a consolidated net profit of ₹825.18 crore for September quarter 2024-25. It had posted a net profit of ₹1,280.38 crore in July-September FY24,” according to a regulatory filing from…

Rupee ends flat at 84.07 against U.S. dollar

At the interbank foreign exchange market, Rupee opened at 84.06 against the greenback and stayed almost flat throughout the session. File | Photo Credit: The Hindu The Rupee on Monday (October 21, 2024) settled flat at 84.07 (provisional) against the U.S. dollar amid strong American currency against major rivals overseas and relentless foreign fund outflows.…

Jindal Group in talks to acquire Czech-based Vitkovice Steel for €150 million

Jindal Group is in talks with Vitkovice Steel to acquire a 100% stake in the Czech-based company | Photo Credit: Reuters To strengthen its global presence, homegrown Jindal Group is in talks with Vitkovice Steel to acquire a 100% stake in the Czech-based company. “The group is expected to complete the acquisition by the end…

Market capitalisation of four of top-10 valued firms jumps ₹81,151 crore; ICICI, HDFC Bank biggest gainers

Image used for representative purpose only. | Photo Credit: Reuters Four of the top-10 most-valued firms together added ₹81,151.31 crore in market valuation last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the BSE benchmark declined 156.61 points, or 0.19%. While HDFC Bank, Bharti Airtel, ICICI Bank, and the…

Markets fall after rising in opening trade amid unabated foreign fund outflows

The BSE Sensex climbed 280.04 points to 81,781.40 in early trade and the NSE Nifty went up by 58.2 points to 25,029.50. | Photo Credit: PTI Market benchmark indices climbed in opening trade on Thursday (October 17, 2024) but later gave up all the initial gains and were trading lower amid unabated foreign fund outflows.…

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

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 103.59. | Photo Credit: The Hindu The rupee witnessed range-bound trade and appreciated 3 paise to 83.99 against the U.S. dollar in initial deals on Thursday (October 17, 2024), as suspected RBI intervention coupled with softer oil prices…

Rupee slips 1 paisa to 84.07 against U.S. dollar in early trade

The rupee slipped 1 paisa to 84.07 against the U.S. dollar in early trade on Friday, as the weakening American currency failed to support the local unit amid negative domestic equity markets and higher crude oil prices. Forex traders said the unabated outflow of foreign funds also weighed on the domestic unit. At the interbank…

Stock Market Today: Sensex, Nifty slump as unabated foreign fund outflows drag markets lower

From the 30 Sensex firms, Titan, Infosys, Maruti, Nestle, ITC, Adani Ports, HDFC Bank and Hindustan Unilever were the biggest laggards | Photo Credit: Reuters Equity benchmark indices slumped in early trade on Friday (October 18, 2024), falling for the fourth day running, amid relentless foreign fund outflows and selling in Infosys shares after its…

Hyundai Motor India’s record ₹27,870 crore IPO fully subscribed

This is the largest IPO in the country, surpassing LIC’s initial share sale of ₹21,000 crore. | Photo Credit: Reuters The Initial Public Offering (IPO) of Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai, got fully subscribed on the third day of the bidding on Thursday (October 17, 2024). The ₹27,870…

Sensex, Nifty fall for 3rd day amid foreign fund exodus

Market benchmark indices Sensex and Nifty slumped on Thursday (October 17, 2024), taking their downward trend to the third day | Photo Credit: Getty Images Market benchmark indices Sensex and Nifty slumped on Thursday (October 17, 2024), taking their downward trend to the third day running amid unabated foreign fund outflows. Intense selling in realty,…

Rupee rises 4 paise to settle at 84 against US dollar

The rupee witnessed a range-bound trade and strengthened marginally by 4 paise to 84 (provisional) against the U.S. dollar on Wednesday (October 16, 2024) as easing crude oil prices supported investor sentiments. | Photo Credit: Reuters The rupee witnessed a range-bound trade and strengthened marginally by 4 paise to 84 (provisional) against the U.S. dollar…

Stock markets close lower for 2nd day amid foreign fund outflows

Benchmark Sensex falls 318 points due to foreign fund outflows and global market trends. File | Photo Credit: ANI Benchmark Sensex declined by 318 points on Wednesday (October 16, 2024) due to selling in IT and auto shares amid unabated foreign fund outflows and weak trends in global markets. Falling for the second day, the…

Sensex, Nifty climb in early trade on buying in IT, bank stocks

The BSE benchmark Sensex jumped 591.69 points or 0.73% to settle at 81,973.05 on Monday (October 14, 2024). File | Photo Credit: PTI Equity benchmark indices rallied in early trade on Tuesday (October 15, 2024) amid buying in IT and bank stocks along with a sharp cut in Brent crude oil prices. The BSE Sensex…

Hyundai Motor India’s ₹27,870 crore IPO subscribed 9% so far on Day 1

File picture of Hyundai Motor India logo | Photo Credit: Reuters The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, received 9 per cent subscription during the initial hours of bidding on Tuesday (October 15, 2024). The ₹27,870 crore initial share sale received bids for 89,92,522 shares…

Rupee rises 4 paise to settle at 84.06 against U.S. dollar

Image used for representation purposes The rupee recovered from its all-time low levels and appreciated 4 paise to close at 84.06 (provisional) against the U.S. dollar on Monday (October 14, 2024) supported by strong domestic equity markets. Forex traders said the rupee was weighed down by the strong U.S. dollar and elevated crude oil prices.…

Sensex rises 592 points, Nifty settles above 25K on gains in IT, banking shares

Maruti Suzuki India, Tata Steel, Bajaj Finance, UltraTech Cement, Nestle India, Axis Bank and Tata Consultancy Services (TCS) were among the laggards. File | Photo Credit: PTI Benchmark BSE Sensex jumped nearly 592 points while Nifty reclaimed the 25,000 level on Monday (October 14, 2024) following gains in IT and banking shares amid a firm…

Tata Group stocks rise up to 10% after Ratan Tata’s demise

Tata Sons Chairman Emeritus Ratan Tata, who played a key role in transforming Tata Group into a global conglomerate, passed away late on October 9. | Photo Credit: PTI Shares of Tata Group companies on Thursday (October 10, 2024) rose up to 10%, with Tata Chemicals and Tata Teleservices among the major gainers. Tata Sons…

FPIs take out ₹58,711 crore from equities in October on geopolitical crisis, strong Chinese stocks

According to the data, FPIs made a net withdrawal of ₹58,711 crore from equities between October 1 and 11. File. | Photo Credit: Reuters Foreign investors turned net sellers in October, withdrawing shares worth ₹58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil…

Markets fall in early trade

The Bombay Stock Exchange (BSE) in Mumbai. File | Photo Credit: AFP Benchmark indices Sensex and Nifty fell in early trade on Friday amid volatility and mixed trends in global markets. The 30-share BSE Sensex opened on a negative note and slipped 62.90 points, or 0.08%, to 81,548.51 in early trade. Showing a similar trend,…

Rupee drops to lowest value ever against U.S. dollar due to equity outflows, oil prices

Image for representation | Photo Credit: Reuters The rupee fell below 84 to a dollar level for the first time on Friday (October 11, 2024), pressured by concerns over the recent jump in oil prices and the exodus of foreign money from the equity market. The rupee dropped to a low of 84.0525 per U.S.…

Rupee falls 11 paise to revisit all-time low of 84.09 against U.S. dollar

The rupee fell 11 paise, revisiting its all-time low of 84.09 (provisional) against the US dollar, tracking a weak domestic equity market and continued FII outflows. | Photo Credit: Reuters The rupee on Friday (October 11, 2024) fell 11 paise, revisiting its all-time low of 84.09 (provisional) against the US dollar, tracking a weak domestic…

Markets settle lower ahead of key macro data; Sensex falls 230 points

Bombay Stock Exchange. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty ended lower on Friday (October 11, 2024), dragged by selling in banking, utility and financial stocks as investors turned cautious ahead of key macro data. Besides, a mixed trend in global equity markets and unabated foreign fund outflows also hit investors’…

Rupee falls two paise to 83.98 against U.S. dollar

“A marginal decline in the value of the greenback against overseas currencies and rise in the domestic equity market supported the local unit and prevented further slide in the domestic unit,” forex traders said. | Photo Credit: The Hindu “Rupee depreciated two paise to close at 83.98 (provisional) against the U.S. dollar on Thursday (October…

Sensex, Nifty close higher amid buying in heavyweight stocks, firm global cues

From the 30 Sensex companies, Kotak Mahindra Bank, JSW Steel, HDFC Bank, Power Grid, IndusInd Bank, Maruti Suzuki India, NTPC, Axis Bank and Mahindra & Mahindra were among the gainers. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty settled higher on Thursday (October 10, 2024) due to gains in banking, power and…

Hyundai to launch India’s largest-ever IPO of ₹27,870 crore next week; aims ₹1.6 lakh crore valuation

Image for representational purposes only. | Photo Credit: REUTERS South Korean automaker’s Indian arm Hyundai Motor India Ltd will launch the largest initial public offering (IPO) in the country’s history next week, aiming to raise ₹27,870 crore (about $3.3 billion). This IPO will surpass the ₹21,000 crore offering by Life Insurance Corporation of India (LIC)…

Rupee rises one paisa to close at 83.96 against U.S. dollar

“The Indian Rupee remained steady as the RBI left repo rate and CRR unchanged at 6.5% and 4.5%, respectively,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas. | Photo Credit: The Hindu The Rupee traded in a narrow range and settled for the day higher by just one paisa at 83.96 (provisional)…

Sensex, Nifty turn flat after firm opening

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. | Photo Credit: PTI Equity benchmark indices turned flat after beginning the trade on a positive note early on Tuesday (October 8, 2024) amid a weak trend in the Asian markets. The 30-share BSE Sensex climbed 128.88 points to 81,178.88 in early trade, while…

Hyundai to launch India IPO next week at ₹1,865-1,960 per share

A logo of Hyundai Motors | Photo Credit: Reuters Hyundai Motor India’s IPO will open on October 14 for subscriptions and will likely be priced in the range of ₹1,865 to 1,960 per share, sources said on Tuesday (October 8, 2024), valuing the automaker at up to $19 billion in the country’s biggest stock offering…

SAT stays SEBI’s order to ban Omaxe, others from securities market

The logo of Securities and Exchange Board of India (SEBI). | Photo Credit: Reuters The Securities Appellate Tribunal (SAT) has stayed a SEBI order that barred realty firm Omaxe, its Chairman Rohtas Goel, Managing Director Mohit Goel and others from the securities market for two years for misrepresentation in the company’s financial statements. The latest…

Sensex, Nifty close lower amid massive selling in heavyweight stocks, mixed global cues

Bombay Stock Exchange (BSE). File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty settled lower for the sixth straight session on Monday (October 7, 2024) due to heavy selling in bellwether stocks including HDFC Bank and Reliance Industries amid mixed trends in the global markets and outflow of foreign funds. Falling for the…

Stock market today: Sensex, Nifty slump over 2% as Middle East conflict deepens

Image used for representative purpose only | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty tanked over 2% on Thursday (October 3, 2024), dragged by a decline in heavyweight stocks Reliance Industries, HDFC Bank and spiralling conflict in the Middle East. Falling for the fourth day running, the BSE Sensex tumbled 1,769.19 points or…

Sensex, Nifty fall over 2% on war fears, curbs on F&O trading

People walk past the Bombay Stock Exchange building in Mumbai on October 3, 2024. | Photo Credit: PTI Equity market indices on Thursday plunged more than 2% – their worst decline in nearly two months – owing to a weak global sentiment amid escalating geopolitical tensions in West Asia and concerns about reduced trading volumes…

Markets fall in early trade on unabated foreign fund outflows, Middle East conflict

From the 30 Sensex firms, HCL Technologies, IndusInd Bank, Tata Consultancy Services and HCL Technologies were among the gainers. | Photo Credit: Reuters Equity benchmark indices declined in early trade on Friday (October 4, 2024), extending their previous day’s sharp slump amid unabated foreign fund outflows and spiralling conflict in the Middle East. Falling for the…

Parliamentary panel summons SEBI chief Madhabi Buch amid Adani-Hindenburg row

File picture of SEBI Chairperson Madhabi Puri Buch | Photo Credit: PTI The Public Accounts Committee (PAC) of Parliament has decided to review the functioning of top regulatory authorities in the country and has called heads of SEBI and TRAI for deposition on October 24. Top officials of the Ministry of Finance, (Department of Economic…

Rupee turns flat at 83.96 against U.S. dollar in early trade

The rupee remains flat at 83.96 against the dollar amid retreating crude oil prices and weak American currency. File | Photo Credit: The Hindu The rupee paused its slide and traded flat at 83.96 against the U.S. dollar in early deals on Friday (October 4, 2024) amid retreating crude oil prices and a weak American…

Markets turn topsy-turvy; Sensex, Nifty slump nearly 1% on FII outflows, West Asia tensions

Equity benchmark indices Sensex and Nifty slumped nearly 1% in a topsy-turvy trading session on Friday (October 4, 2024), dragged by intense selling in FMCG, auto and energy stocks amid escalating tensions in West Asia and persistent foreign capital outflows. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty slumped nearly 1% in…

Sensex, Nifty fall over 2% on war fears, curbs on F&O trading

Rupee plunges 14 paise to settle at 83.96 against U.S. dollar as crude oil boils

Image used for representative purpose only. | Photo Credit: Reuters Rupee depreciated 14 paise to settle at 83.96 (provisional) against the U.S. dollar on Thursday, as volatile geopolitical situation triggered a surge in crude oil prices and weighed down by a steep fall of over two per cent in domestic equity markets. According to forex…

Rupee falls 2 paise to 83.81 against U.S. dollar in early trade

Image for representation | Photo Credit: istock.com The rupee fell 2 paise to 83.81 against the U.S. dollar in early trade on Tuesday (October 1, 2024), tracking massive outflow of foreign funds amid volatile global markets. Forex traders said a strengthening American currency weighed down the Indian unit against major rivals, though retreating crude oil…

Bombay Stock Exchange Brokers’ Forum appoints Anup Gupta as Chairman

File photo of Anup Gupta. Photo: Special Arrangement The Bombay Stock Exchange Brokers’ Forum (BBF) has appointed Anup Gupta as its new Chairman, effective September 30, 2024, succeeding Kishor Kansagra. “Mr. Gupta, Director of Sykes & Ray Equities (I) Ltd., brings extensive financial expertise, including M&A, corporate finance, and derivatives,” BBF said in a statement. BBF represents…

Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag

According to exchange data, equities worth ₹9,791.93 crore were sold by FIIs on Monday, September 30, 2024, while Domestic Institutional Investors DIIs purchased equities valued at ₹6,645.80 crore. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty edged lower on Tuesday (October 1, 2024), extending the losing run to the third day amid profit-taking…

Rupee settles 3 paise lower at 83.82 against U.S. dollar in range-bound trade

The dollar index, which measures the dollar’s strength against a basket of six currencies, increased by 0.27% to reach 100.79. File | Photo Credit: Nagara Gopal The rupee stayed in a narrow range and settled 3 paise lower at 83.82 (provisional) against the U.S. dollar on Tuesday (October 1, 2024) amid subdued equity markets, unabated…

Sensex slides 1.5% on escalating West Asia tensions

Image used for representative purpose only | Photo Credit: Reuters Key stock indices on Monday (September 30, 2024) slid about 1.5% on fears over escalating geopolitical tensions in West Asia. The S&P BSE Sensex fell 1,272 points or 1.49% to 84,299.78. The Sensex stocks which lost the most included Reliance down 3.23%, Axis Bank (3.12%),…

Rupee settles 11 paise lower at 83.80 against U.S. dollar amid steep fall in equity markets

Image used for representative purpose only. File | Photo Credit: REUTERS Rupee depreciated 11 paise to settle at 83.80 (provisional) against the U.S. dollar on Monday (September 30, 2024) taking cues from equity markets that saw a steep fall of over 1% amid volatile crude oil prices and outflow of foreign funds. However, a weak greenback…

Rupee declines 11 paise to 83.69 against U.S. dollar

Image used for representative purpose only. | Photo Credit: Reuters Rupee declined 11 paise to 83.69 against the U.S. dollar in early trade on Thursday amid a strengthening dollar against overseas currencies and an increase in crude oil prices. FIIs turning net sellers on Wednesday put further pressure on the domestic currency against the greenback,…

IPO rush: Hyundai, Swiggy, NTPC Green Energy among cos looking to raise ₹60,000 crore in Oct-Nov

The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around ₹60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik…

Rupee rises 2 paise to 83.64 against US dollar

Representational image. | Photo Credit: RUPAK DE CHOWDHURI Rupee rises 2 paise to 83.64 against the US dollar in early trade on Friday (September 27, 2024) amid softening crude oil prices and inflow of foreign funds. The Indian currency was, however, weighed down by a subdued domestic equity market and a stronger greenback against major…

Sensex hits fresh record high in early trade on buying in IT stocks, rally in global markets

File picture of the bull statue at the Bombay Stock Exchange building, in Mumbai | Photo Credit: PTI The BSE benchmark Sensex hit its fresh all-time high level in early trade on Friday (September 27, 2024) amid heavy buying in IT stocks and a rally in global markets. The BSE Sensex climbed 119.38 points to…

Sensex, Nifty draw back from lifetime highs on profit taking; HDFC Bank, ICICI major laggards

From the 30 Sensex firms, Power Grid, ICICI Bank, Bharti Airtel, HDFC Bank, Kotak Mahindra Bank, Larsen & Toubro, Adani Ports and UltraTech Cement were among the laggards. | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty retracted from lifetime highs to settle lower on Friday (September 27, 2024) due to profit-taking in frontline…

Rupee falls four paise to settle at 83.70 against U.S. dollar

On September 26, the Rupee declined eight paise to settle at 83.66 against the American currency. File | Photo Credit: The Hindu The Rupee declined four paise to settle at 83.70 (provisional) against the U.S. dollar on Friday (September 27, 2024) amid subdued domestic equity markets and increased month-end demand for the American currency. “However, sliding…

Rupee drops 6 paise to close at 83.64 against U.S. dollar

At the interbank foreign exchange, the local unit opened slightly weak at 83.66 against the American currency. File | Photo Credit: The Hindu The rupee depreciated by 6 paise to settle at 83.64 (provisional) against the U.S. dollar on Thursday (September 26, 2024), dragged by sustained foreign fund outflows. “However, a decline in global crude prices…

Sensex and Nifty at record highs on September 26, 2024

The bull statue at the Bombay Stock Exchange building, in Mumbai. File | Photo Credit: PTI Benchmark Sensex rallied 666 points to close at a fresh record high on Thursday (September 26, 2024) following buying in auto and banking shares amid gains in global markets. The BSE Sensex jumped 666.25 points or 0.78 per cent…

Rupee rises 3 paise to 83.60 against U.S. dollar

At the interbank foreign exchange, the local unit opened slightly strong at 83.59 against the American currency. File | Photo Credit: Reuters The rupee appreciated 3 paise to close at 83.60 (provisional) against the U.S. dollar on Wednesday (September 25, 2024), tracking a positive trend in domestic equities and a weak greenback against major currencies…

Sensex settles above record 85,000 level, Nifty scales 26,000 mount on fag-end buying

A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Benchmark Sensex closed above the 85,000 level for the first time while Nifty settled at a fresh lifetime high on Wednesday (September 25, 2024) as fag-end buying in banking and power shares helped stock…

Sensex hits 85,000 level for first time before closing flat; FMCG, banking shares drag

From the Sensex pack, Hindustan Unilever, UltraTech Cement, Kotak Mahindra Bank, IndusInd Bank, Titan, Nestle, Bajaj Finance and Asian Paints were among the biggest laggards. File | Photo Credit: Reuters Benchmark Sensex scaled the 85,000 level and Nifty breached the 26,000 mark for the first time before paring gains to close flat in a volatile…

Rupee falls 11 paise to close at 83.65 against U.S. dollar

The rupee trimmed its initial gains against the U.S. currency but was still quoted higher by 120 paise to 67.60 per dollar on Thursday. | Photo Credit: Raghunathan S. R. The rupee depreciated 11 paise to close at 83.65 (provisional) against the American currency, weighed down by a muted trend in domestic equities and rising…

Rupee snaps 6-day gaining streak; slips 1 paisa to 83.53 against U.S. dollar

The rupee pared its early gains to close lower by 1 paisa at 83.53 (provisional) against the US currency on Monday (September 23, 2024), snapping its six-day gaining streak due to a strengthening dollar in overseas markets and an uptick in crude oil prices. | Photo Credit: Reuters The rupee pared its early gains to…

Sensex, Nifty hit fresh all-time high levels in early trade

People walk past the Bombay Stock Exchange (BSE) building in Mumbai. File photo | Photo Credit: REUTERS Domestic equity indices Sensex and Nifty scaled their new record high levels in early trade on Monday (September 23, 2024) helped by strong foreign fund inflows and rally in Asian markets. The 30-share BSE Sensex jumped 318.58 points…

Stock Market Today: Sensex, Nifty scale fresh peaks after U.S. Federal Reserve’s rate cut

Bombay Stock Exchange (BSE). | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty surged to their fresh record high levels in early trade on Thursday after the U.S. Federal Reserve cut its benchmark interest rate after more than four years. The 30-share BSE Sensex jumped 735.95 points to scale a new all-time high of…

Sensex, Nifty hit record highs on U.S. Fed rate cut; banks lead gains

The BSE benchmark dropped 131.43 points, or 0.16%, to settle at 82,948.23 on Wednesday (September 18, 2024). | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty climbed to fresh record high levels on Thursday (September 19, 2024) in line with firm global trends after the U.S. Federal Reserve announced the first cut in policy…

Rupee rises 9 paise to 83.56 against US dollar in early trade

At the interbank foreign exchange market, the Indian currency traded 9 paise higher than its previous closing level. | Photo Credit: REUTERS The rupee sustained its gaining streak for the third straight session and rose 9 paise to 83.56 against the US dollar in early trade on Friday (September 20, 2024) buoyed by a firm…

Sensex jumps 440 points in early trade tracking firm global peers

People walk past the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Domestic equity indices Sensex and Nifty climbed in early trade on Friday (September 20, 2024) tracking a rally in global markets after the US Federal Reserve cut its benchmark interest rate after more than four years. The 30-share BSE Sensex…

Rupee logs 10 paise gain to settle at 83.55 against U.S. dollar

The rupee stayed on the upward track for a record seventh straight session and settled 10 paise higher at 83.55 (provisional) against the dollar. File | Photo Credit: Reuters The rupee stayed on the upward track for a record seventh straight session and settled 10 paise higher at 83.55 (provisional) against the dollar on Friday…

Sensex soars 1,359 pts to settle above historic 84,000 mark; banks shares shine in global rally

The 30-share Bombay Stock Exchange (BSE) Sensex jumped 1,359.51 points, or 1.63%, to settle at an all-time high of 84,544.31. | Photo Credit: Reuters Benchmark Sensex closed above the historic 84,000-mark for the first time while Nifty settled at a new record high on Friday (September 20, 2024), powered by a rally in frontline bank…

Vodafone-Idea shares dip 21% as Supreme Court rejects curative petition on AGR dues

Vodafone closed at ₹10.43 down around 20% from the day’s open. File | Photo Credit: Reuters Vodafone Idea stocks fell 21% to ₹10.69 at 12.15 p.m. on September 19, from the day’s open of ₹12.99 as Supreme Court rejected the company’s curative petition on Adjusted Gross Revenues (AGR) dues. The three-judge Bench ruled that there was…

NTPC shares jump more than 4% as renewable energy arm files draft papers to raise ₹10,000 crore via IPO

NTPC Green Energy is a ‘Maharatna’ Central Public Sector Enterprise with renewable energy portfolio, including solar and wind power assets. File | Photo Credit: Reuters Shares of NTPC jumped by more than 4% to hit an all-time high on Thursday (September 19, 2024) after NTPC Green Energy, the renewable energy arm of the firm, filed…

Markets decline in early trade on profit-taking after record rally

File picture of the Bombay Stock Exchange (BSE) building in Mumbai | Photo Credit: Reuters Benchmark equity indices declined in early trade on Tuesday after surging to record high levels in the previous trading session, amid profit-taking and sluggish trends from the global markets. The 30-share BSE Sensex declined 90.8 points to 82,897.98. The NSE…

Sensex, Nifty hit fresh record high levels

Image used for representative purpose only | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty hit their fresh record high levels during the morning trade on Wednesday (September 18, 2024), driven by buying in blue-chip stocks HDFC Bank and ICICI Bank and fresh foreign fund inflows. Recovering all the early lost ground, the 30-share…

PN Gadgil Jewellers debuts at 74% premium on BSE

PN Gadgil Jewellers Ltd. on Tuesday listed on the BSE at ₹834, a premium of almost 74% to the issue price of ₹480. But the stock closed at ₹792.80 or about 65% more than the issue price but 4.94% less than the listing price. “We want to further leverage this platform [exchange] to strengthen our…

Rupee gains 2 paise to 83.84 against U.S. dollar in early trade

Image used for representational purpose. | Photo Credit: Reuters The rupee appreciated 2 paise to 83.84 against the U.S. dollar in early trade on Tuesday (September 17, 2024), helped by a weak greenback against major crosses overseas and lower crude oil prices in international markets. However, a sluggish trend in the domestic equities and fresh…

Rupee rises 4 paise to close at 83.88 against U.S. dollar

Representational image. | Photo Credit: The Hindu The rupee witnessed range-bound trade and settled for the day higher by 4 paise at 83.88 (provisional) against the U.S. dollar on Monday (September 16, 2024) supported by weak American currency and significant foreign fund inflows, while firm crude oil prices capped sharp gains. Forex traders said market…

Bajaj Housing Finance more than doubles in market debut on September 16

Bajaj Housing Finance stock rose as much as 130% to 161 Rupees before paring some gains to trade at 125% higher. File Shares of Bajaj Housing Finance more-than-doubled in their trading debut on Monday (September 16, 2024), giving the company a market capitalisation of 1.34 trillion Rupees ($16 billion) and making it most valuable listed home…

SEBI chief Madhabi Puri Buch invested in Chinese firms, alleges Congress

SEBI chairperson Madhabi Puri Buch. File | Photo Credit: PTI The Congress party renewed its attack on SEBI Chairperson Madhabi Puri Buch on Saturday alleging that as a full-time member and later chairperson of the regulator Ms. Buch had traded in listed securities while in possession of unpublished price sensitive information and had been investing…

FPIs inject ₹27,856 crore in equities in September so far on U.S. rate cut expectations

Foreign Portfolio Investors (FPIs) have infused ₹27,856 crore in domestic equities in the first fortnight this month, owing to the resilience of the Indian market and growing optimism around the potential interest rate cut in the U.S. FPIs have been consistently buying equities since June. Before that, they pulled out ₹34,252 crore in April-May. “With…

Madhabi Puri Buch | The regulator at the centre of a storm

The Securities and Exchange Board of India (SEBI) is the apex regulator for the securities market with a preamble that affirms its commitment “to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.” In February 2022, the Government announced the appointment of Madhabi Puri Buch,…

Rupee rises 6 paise to close at 83.90 against U.S. dollar

Forex traders said rupee trade was range-bound as the Reserve Bank of India (RBI) is maintaining a firm grip on the domestic currency. | Photo Credit: The Hindu The rupee witnessed range-bound trade and settled for the day higher by 6 paise at 83.90 (provisional) against the US dollar on Friday (September 13, 2024) supported…

SEBI has abandoned autonomy, brushing allegations under carpet: TMC leader

Trinamool Congress (TMC) MP Saket Gokhale. File photo | Photo Credit: ANI The Stock Exchange Board of India (SEBI), which is in the centre of a storm following multiple allegations being levelled against its chairperson Madhabi Puri Buch, has “completely abandoned its autonomy”, Trinamool Congress Rajya Sabha MP Saket Gokhale said on Friday (September 13,…

Rupee rises 5 paise to 83.91 against U.S. dollar in early trade

Rupee appreciated by 5 paise to 83.91 against the U.S. dollar. File | Photo Credit: Reuters The rupee appreciated by 5 paise to 83.91 against the U.S. dollar in early trade on Friday (September 13, 2024) supported by weakening of the American currency in the overseas market and significant foreign fund inflows. Forex traders said…

Rupee rises 4 paise to close at 83.95 against U.S. dollar

Image for representational purposes only. | Photo Credit: REUTERS The rupee traded in a narrow range to settle 4 paise higher at 83.95 (provisional) against the U.S. dollar on Thursday (September 12, 2024) amid a positive trend in domestic equities and foreign fund inflows. Forex traders said the rupee trade was range-bound, with a slight…

Markets rebound in early trade on rally in global peers, foreign fund inflows

Image used for representative purpose only. | Photo Credit: Reuters Equity benchmark indices rebounded in early trade on Thursday (September 12, 2024) tracking a rally in global markets and foreign fund inflows. The 30-share BSE Sensex jumped 428.83 points to 81,951.99 in early trade. The NSE Nifty climbed 154.1 points to 25,072.55. Among the 30…

Rupee settles flat at 83.98 against U.S. dollar

The rupee witnessed range-bound trade and settled for the day on a flat note at 83.98 (provisional) against U.S. dollar on Wednesday (September 11, 2024) as the support from the lower level of crude oil prices and soft US dollar was negated by a weak trend in domestic equities. Forex traders said significant corrections in…

Markets decline in early trade after two days of rally

Exchange Data said that FIIs bought equities worth ₹2,208.23 crore on Tuesday (September 10, 2024). File | Photo Credit: Reuters Equity benchmark indices declined in early trade on Wednesday (September 11, 2024) after two days of gains amid selling in Tata Motors and weak trends in Asian markets. The 30-share BSE Sensex fell 111.85 points…

Sensex climbs 362 points, Nifty closes above 25,000 mark on gains in IT, telecom shares

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. | Photo Credit: PTI Benchmark Sensex climbed nearly 362 points while Nifty ended above 25,000 level higher on Tuesday (September 10, 2024), marking their second straight day of gains following a rebound in the U.S. markets and fresh foreign fund inflows. The 30-share BSE…

Sensex, Nifty climb in early trade on rally in global markets, foreign fund inflows

Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Equity benchmark indices climbed in early trade on Tuesday (September 10, 2024) tracking a rally in global markets and fresh foreign fund inflows. The 30-share BSE Sensex climbed 241.68 points to 81,801.22 in early trade. The NSE Nifty went up 78.4 points to…

Bajaj Housing Finance ₹6,560-crore IPO fully booked hours after opening for subscription

Photo: Facebook/@Bajaj Housing Finance Limited The ₹6,560-crore initial public offer of Bajaj Housing Finance got fully subscribed within hours of opening for bidding on Monday (September 9, 2024) and ended the day with 2 times subscription. The initial share sale received bids for 1,46,58,24,030 shares against 72,75,75,756 shares on offer, reflecting 2.01 times subscription, as…

Adani Green redeems $750 mn bonds

The move by Adani Green Energy Limited is in step with its January announcement of a plan to redeem the $750 million worth of notes, eight months ahead of the redemption date. | Photo Credit: The Hindu Adani Green Energy Limited (AGEL), the renewable energy arm of the ports-to power conglomerate run by billionaire Gautam Adani,…

SEBI Chief Madhabi Buch faces allegations, congress demands independent probe

Congress demanded an independent inquiry against SEBI chairperson Madhabi Buch into the matter, asserting that it is in the national interest. File | Photo Credit: Reuters Asserting that foreign investors are worried about the “integrity” of the Indian stock markets, the Congress on Thursday demanded an independent inquiry into the allegations against Securities and Exchange…

Dollar struggles to find footing on rising bets of outsized Fed cut

Key factor: Investors have recently given greater importance to U.S. job market data. | Photo Credit: Reuters The dollar stayed on the back foot on Thursday as renewed concerns over the U.S. economy’s growth outlook bolstered expectations of a supersized rate cut from the Federal Reserve this month. The yen was a notable outperformer, in…

Stock Market Crash: Markets decline in early trade on weak global peers, foreign fund outflows

Image used for representative purpose only | Photo Credit: Reuters Benchmark equity indices declined in early trade on Friday (September 6, 2024) tracking a weak trend in global markets and fresh foreign fund outflows. Falling for the third day running, the 30-share BSE Sensex declined 233.98 points to 81,967.18 in early trade. The NSE Nifty…

Sensex, Nifty tumble over 1% on weak global cues

Benchmark equity indices Sensex and Nifty slumped over 1% on Friday (September 6, 2024), tracking a weak trend in global markets and fresh foreign fund outflows. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty slumped over 1% on Friday (September 6, 2024), tracking a weak trend in global markets and fresh foreign fund…

Rupee rises 2 paise to settle at 83.95 against U.S. dollar

File. | Photo Credit: Reuters The rupee gained 2 paise to close at 83.95 (provisional) against the US dollar on Friday (September 6, 2024) amid a weak greenback in overseas markets. However, negative domestic markets, rise in crude oil prices, and outflow of foreign capital capped sharp gains, forex traders said. At the interbank currency…

Rupee opens 2 paise higher at 83.95 against U.S. dollar

Image used for representative purpose only | Photo Credit: R. Ragu Rupee rose by 2 paise to 83.95 against the U.S. dollar in early trade on Friday (September 6, 2024) amid a weaker dollar against major currencies overseas. An upward movement in the international crude oil prices, negative domestic equity markets and outflow of foreign…

Sensex, Nifty extend losses into 2nd session as Reliance, Airtel drag

People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty closed lower on Thursday (September 5, 2024), tracking losses in the most valuable firm Reliance Industries, Bharati Airtel and L&T amid a negative trend in global markets. The 30-share BSE…

Markets rebound in early trade on foreign fund inflows

Image used for representational purpose. | Photo Credit: Reuters Benchmark equity indices rebounded in early trade on Thursday (September 5, 2024) amid steady foreign fund inflows along with buying in frontline stocks Reliance Industries and HDFC Bank. The 30-share BSE Sensex rebounded 264.85 points to 82,617.49 in early trade. The NSE Nifty climbed 76.75 points…

Nifty halts 14-day rally; Sensex drops over 200 points tracking weak global markets

Bombay Stock Exchange (BSE). | Photo Credit: Reuters Stock markets closed lower on Wednesday (September 4, 2024) with Nifty taking a breather after a 14-day winning run and Sensex dropping by 202 points due to weak global trends on worries of potential slowdown in the U.S. market. The 30-share BSE Sensex dropped 202.80 points or…

Rupee rises 2 paise to 83.96 against U.S. dollar

Image used for representational purpose. | Photo Credit: Reuters The rupee rose 2 paise to 83.96 against the U.S. dollar in early trade on Wednesday (September 4, 2024) aided by a weakening dollar against major currencies overseas and a drop in crude oil prices. The dollar index, which gauges the greenback’s strength against a basket…

Stock markets take breather after record-breaking run on selling in IT, oil shares

ICICI Bank, Bajaj Finserv, Titan, Nestle and HDFC Bank were among the gainers. File | Photo Credit: Reuters Snapping its record-breaking rally, benchmark BSE Sensex closed marginally down on Tuesday (September 3, 2024) due to profit-taking in metal, oil and IT shares amid weak global trends. Halting its 10-day winning run, the 30-share BSE Sensex…

Rupee falls 4 paise to 83.95 against U.S. dollar

Image used for representative purpose only | Photo Credit: Reuters The rupee declined 4 paise to 83.95 against the U.S. dollar in early trade on Tuesday due to a stronger greenback in global markets and weak domestic manufacturing data. A decline in the domestic equity market also contributed to the drop in the local unit,…

Rupee falls 7 paise to 83.92 against U.S. dollar

We expect the rupee to trade with a slight positive bias as domestic markets are trading at fresh record highs with fresh FII inflows. File | Photo Credit: Raghunathan S.R. The rupee declined 7 paise to close at 83.92 (provisional) against the greenback on Monday (September 2, 2024) on disappointing domestic macroeconomic data. However, positive…

Rupee falls 3 paise to 83.88 against U.S. dollar

File. | Photo Credit: Reuters Rupee declined 3 paise to hit 83.88 against the U.S. dollar in early trade on Monday (September 2, 2024) amid fluctuating crude oil prices. Forex traders said volatility in the international dollar trade and limited movement in the Brent crude rates contributed to the decline in the domestic currency in…

London Metal Exchange open-outcry trade lives on as SocGen quit sparks no rush

Trader’s worry: Digital trading can distort prices linked to deals in physical metals, some say. | Photo Credit: Reuters The future of ring trading on the London Metal Exchange looks assured for now after almost all the firms involved told Reuters they remained committed to open-outcry trading at one of the last venues to still…

Rupee rises 7 paise to 83.82 against U.S. dollar in early trade

Rupee appreciated 7 paise to 83.82 against the U.S. dollar. File | Photo Credit: Reuters Rupee appreciated 7 paise to 83.82 against the U.S. dollar in morning trade on Friday (August 30, 2024), supported by significant foreign fund inflows and a positive trend in domestic equities. Forex traders said a rise in global risk sentiments…

Rupee rises 3 paise to close at 83.86 against U.S. dollar

The rupee consolidated in a narrow range and settled for the day higher by 3 paise at 83.86 (provisional) against the American currency | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day higher by 3 paise at 83.86 (provisional) against the American currency on Friday (August 30, 2024),…

Windfall tax on crude petroleum reduced to ₹1,850 per tonne

Representational image only. The government has cut the windfall tax on domestically-produced crude oil to ₹1,850 per tonne, from ₹2,100 per tonne with effect from Saturday (August 31, 2024.) The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on the export of diesel, petrol and jet fuel or ATF,…

Sensex, Nifty extend gains to scale fresh peaks on firm global cues

Tata Motors, HDFC Bank, Reliance Industries, Tech Mahindra and ITC were among the laggards. File | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty marched higher to scale fresh lifetime closing peaks on Friday (August 30, 2024), tracking a largely firm trend in global markets and renewed foreign fund inflows. Buying in index…

Sensex, Nifty hit fresh all-time high levels in early trade

Equity benchmark indices Sensex and Nifty hit their new all-time high levels during early trade. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty hit their new all-time high levels during early trade on Friday (August 30, 2024), amid the ongoing bullish rally in domestic stocks, tracking firm trends in Asian markets and…

Rupee rises 10 paise to close at 83.87 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 10 paise to close at 83.87 (provisional) against the American currency on Thursday (August 29, 2024), supported by easing crude oil prices and a firm trend in domestic equities. Forex traders said the…

Rupee rises 9 paise to 83.88 against U.S. dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.92, then gained ground to touch 83.88, registering a rise of 9 paise from its previous close. File | Photo Credit: The Hindu The rupee appreciated 9 paise to 83.88 against the U.S. dollar in morning trade on Thursday (August 29, 2024), supported by…

Nifty gains marginally to hit lifetime high

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. | Photo Credit: PTI Equity benchmark Nifty rose marginally to hit a fresh lifetime high of 25,052 and Sensex gained over 70 points on Wednesday (August 28, 2024), helped by buying in IT stocks amid a largely positive global market. Recent foreign fund inflows…

SEBI bans Rana Sugars’ promoters, others from securities market for two years; imposes ₹63 crore fine

Individually, SEBI imposed penalties in the range of ₹3 crore to 7 crore on Rana Sugars, its promoters, and other related entities. | Photo Credit: Special arrangement Markets regulator Securities and Exchange Board of India (SEBI) has debarred 14 entities including, Rana Sugars promoters’ and other related entities from the securities markets for two years…

Markets settle almost flat in volatile trade; Nifty hits lifetime high

File. | Photo Credit: PTI Stock market benchmark indices Sensex and Nifty ended on a flat note after a volatile session on Tuesday (August 27, 2024) due to the emergence of profit-taking amid rising geopolitical tensions in the Middle East and Ukraine. The NSE gauge, however, hit a new lifetime peak of 25,017. After oscillating…

Rupee falls 8 paise to 83.95 against U.S. dollar in early trade

Image for representation purpose only. | Photo Credit: V. Sudershan Rupee depreciated 8 paise to 83.95 against the US dollar in morning trade on Tuesday (August 27, 2024), weighed down by elevated crude oil prices and a muted trend in domestic equities. Forex traders said Brent Crude, the international benchmark, was trading above the USD…

Sensex, Nifty surge in early trade on rally in U.S. markets, foreign fund inflows

Rising for the fourth straight session on Friday, the BSE benchmark ended 33.02 points or 0.04% higher at 81,086.21. File. | Photo Credit: ANI Stock market benchmark indices Sensex and Nifty climbed in early trade on Monday (August 26, 2024) following a rally in the U.S. peers and foreign fund inflows. Markets began the trade…

Rupee rises 10 paise to 83.80 against U.S. dollar in early trade

File. | Photo Credit: Reuters Rupee appreciated 10 paise to 83.80 against the U.S. dollar in morning trade on Monday (August 26, 2024), supported by the weakening of the American currency in the overseas market and foreign fund inflows. Forex traders said the dollar index lost significant ground and is hovering around the 100.60 level…

FPIs inject ₹11,366 crore in debt market in August; inflow tally crosses ₹1 lakh crore for 2024

Foreign investors’ strong buying interest in the Indian debt market can be attributed to India’s inclusion in JP Morgan’s Emerging Market government bond indices in June this year. Image used for representative purpose only. | Photo Credit: Reuters Foreign investors infused ₹11,366 crore in the Indian debt market so far this month, pushing the net…

Markets pare early gains; trade lower amid muted global market trend

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty began the trade on a positive note on Friday (August 23, 2024) but later pared gains to quote lower amid a muted trend in global markets and selling in IT stocks. Market analysts said…

SEBI Anil Ambani Ban: Anil Ambani, 24 other entities from securities market for five years

SEBI has barred industrialist Anil Ambani from the securities market for five years for diversion of funds from the company. | Photo Credit: Reuters The Securities & Exchange Board of India (SEBI) has restrained Reliance ADA Group chairman Anil Ambani from accessing the securities market and prohibited him from buying, selling securities for a period…

Rupee rises 4 paise to close at 83.89 against U.S. dollar

According to RBI Governor Shaktikanta Das, the current policy rate of 6.5% is broadly balanced, and any justification for policy easing at this juncture can be misleading. File | Photo Credit: The Hindu The rupee traded in a narrow range and settled higher by 4 paise at 83.89 (provisional) against the American currency on Friday…

Stock markets marginally up in volatile trade ahead of U.S. Fed chief speech

The 30-share BSE index rose 147.89 points to close at 81,053.19, registering gains for the third day in a row. | Photo Credit: Reuters Benchmark Sensex and Nifty edged up in volatile trade on Friday (August 23, 2024) following buying in blue-chip stocks such as ICICI Bank and Bharti Airtel amid mixed global trends ahead…

Rupee rises 5 paise against US dollar in early trade

Representational image. | Photo Credit: AFP Rupee traded in a narrow range and appreciated 5 paise to 83.88 against the US dollar in morning trade on Friday (August 23, 2024) supported by easing crude oil prices and fresh foreign fund inflows. Forex traders said significant correction in oil prices, which is hovering around USD 77…

Sensex rises 147 points, Nifty ends above 24,800 on firm global trend

A view of the BSE building in Mumbai. | Photo Credit: The Hindu Equity benchmark index Sensex ticked higher on Thursday (August 22, 2024) to settle at 81,000 level while Nifty closed above 24,800 following buying in commodity, telecom and consumer stocks amid a firm trend in global markets. Rising for the third straight day,…

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

Image used for representative purpose only. | Photo Credit: Reuters Rupee traded in a narrow range in morning trade on Thursday (August 23, 2024), as the support from positive domestic equities was negated by relentless dollar demand from importers. At the interbank foreign exchange market, the local unit opened at 83.93 and fell to 83.95,…

Markets extend gains on buying in FMCG, consumer stocks; Sensex rises 100 points

In a range-bound trade, the 30-share BSE Sensex gained for the second day in a row, rising 102.44 points or 0.13% to close at 80,905.30. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty closed higher on Wednesday (August 21, 2024), helped by gains in FMCG, consumer durables and health-care stocks amid strong buying…

Rupee falls 7 paise to 83.84 against U.S. dollar in early trade

The rupee settled 10 paise higher at 83.77 against the American currency on Tuesday. File | Photo Credit: The Hindu The Indian rupee depreciated by 7 paise to 83.84 against the U.S. dollar in early trade on Wednesday (August 21, 2024), tracking subdued domestic equity market trend and unabated outflow of foreign capital. A weak…

Rupee rises 8 paise to 83.79 against U.S. dollar

File image. | Photo Credit: Reuters The Indian rupee stayed firm for the second straight session and settled 8 paise higher at 83.79 (provisional) against the U.S. dollar on Tuesday (August 20, 2024), buoyed by positive domestic equity markets, weak American currency and lower crude oil prices. Forex traders said, foreign fund outflow, however, resisted…

Rupee turns flat at 83.87 against U.S. dollar in early trade

A customer holds hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi. | Photo Credit: REUTERS The Indian rupee pared its initial gains and turned flat at 83.87 against the U.S. dollar in early trade on Tuesday (August 20, 2024), as positive domestic equity markets and a weak American currency…

Rupee rises 8 paise to close at 83.87 against U.S. dollar

The Indian rupee appreciated by 8 paise to close at 83.87 (provisional) against the U.S. dollar on Monday (August 19, 2024), supported by a weak US dollar and a decline in crude oil prices. Forex traders said fresh foreign fund inflows boosted investor sentiments. At the interbank foreign exchange, the rupee opened at 83.88 against…

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

A customer holds a hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi. | Photo Credit: REUTERS The Indian rupee traded in a tight range appreciated 3 paise to 83.94 against the U.S. dollar in early trade on Tuesday (August 13, 2024) on positive domestic macroeconomic data. However, a muted…

Stock Market Today: Sensex climbs 145 points in early trade after two days of decline

Equity benchmark indices began the trade on an optimistic note on Wednesday (August 14, 2024) after two days of plunge, tracking a rally in the US markets, amid hopes of rates cut by the Fed in September. The 30-share BSE Sensex climbed 144.92 points to 79,100.95 in early trade. The NSE Nifty went up 57.5…

Sensex, Nifty surge in early trade tracking rally in global peers

A screen displays stock numbers outside the Bombay Stock Exchange (BSE) building, in Mumbai. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty surged in early trade on Friday (August 16, 2024) following a sharp rally in global markets along with buying in IT stocks and Reliance Industries. The 30-share BSE Sensex jumped 805.96…

Rupee turns flat at 83.94 against US dollar in early trade

The Indian rupee turned flat at 83.94 against the US dollar in early trade on Friday (August 16, 2024) amid concerns over elevated crude oil prices and the outflow of foreign capital from domestic equity markets. However, a positive sentiment in the domestic as well as global equity markets and a weak American currency supported…

Rupee settles flat at 83.94 against U.S. dollar

Image used for representative purpose only. | Photo Credit: Reuters The rupee stayed in a narrow range and settled flat at 83.94 (provisional) against the American currency on Friday, as the support from a rally in domestic equities and weak greenback was negated by foreign fund outflows amid geopolitical tensions in the Middle East. At…

Stock Market Today: Sensex, Nifty jump nearly 2% to hit over two-week highs on rally in global peers

Image for representational purposes only. | Photo Credit: ANI Benchmark Sensex spurted by 1,330 points to close at a more than two-week high while Nifty rallied 397 points to settle above the 24,500 level following buying in IT shares and Reliance Industries and a sharp global stocks rally. The 30-share BSE Sensex jumped 1,330.96 points…

Investment Advisers, Research Analysts should disclose AI tool usage to clients: SEBI

SEBI has proposed that registered Investment Advisers and Research Analysts who employ artificial intelligence (AI) tools in their services must disclose the extent of usage to clients. File | Photo Credit: Reuters Securities and Exchange Board of India (SEBI) has proposed that registered Investment Advisers and Research Analysts who employ artificial intelligence (AI) tools in…

Rupee rises 7 paise against US dollar in early trade

The Indian rupee appreciated 7 paise to 83.90 against the US dollar in early trade on Wednesday (August 14, 2024), as the American currency retreated from its elevated levels. Forex traders said the US dollar has weakened against majors post the US Producer Price Index (PPI) print, which came in softer than anticipated, leaving the…

Rupee rises 2 paise to close at 83.95 against U.S. dollar

A customer holds hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi, India, May 24, 2024. | Photo Credit: Reuters The rupee traded in a narrow range to settle 2 paise higher at 83.95 (provisional) against the American currency on Wednesday (August 14, 2024), helped by a sharp decline in…

Sensex snaps two-day losing streak on rebound in IT shares

Image used for representative purpose only. | Photo Credit: ANI Benchmark Sensex closed higher by 150 points on Wednesday (August 14, 2024), snapping its two-day losing streak following a rally in IT stocks amid a surge in the U.S. markets. The 30-share BSE Sensex rose by 149.85 points or 0.19% to settle at 79,105.88. During…

Hindenburg vs SEBI: Plea in Supreme Court asks to direct completion of probe against Adani group

Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch. File | Photo Credit: PTI An application filed in the Supreme Court on Tuesday (August 13, 2024) said the new Hindenburg Research’s allegations against Securities Exchange Board of India (SEBI) chairperson Madhabi Buch creates an “atmosphere of doubt”, making it incumbent for the court…

Sensex, Nifty tank nearly 1%; HDFC Bank drags

Image used for representative purpose only | Photo Credit: ANI Equity benchmark BSE Sensex tumbled nearly 700 points to sink below the 79,000 level on Tuesday (August 13), extending its losses for the second straight day due to selling pressure in HDFC Bank, SBI and ITC amid fresh foreign capital outflows. The 30-share BSE Sensex…

Rupee falls 2 paise to close at 83.97 against U.S. dollar

A currency trader is pictured through the symbol for the Indian Rupee on the floor of a trading firm in Mumbai. | Photo Credit: REUTERS The rupee consolidated in a narrow range and settled for the day lower by 2 paise at 83.97 (provisional) against the American currency on Monday (August 12, 2024), as market…

Hindenburg-SEBI-Adani Row: Sensex, Nifty settle marginally lower in volatile trade

Image used for representational purpose. | Photo Credit: PTI Stock markets closed marginally lower in a highly volatile trade on Monday (August 12, 2024) as investors turned cautious about the potential disruptions from the U.S. short-seller Hindenburg Research report on SEBI chairperson and her husband’s undisclosed investments in obscure offshore funds in Bermuda and Mauritius.…

Markets set to open flat as SEBI asks investors to remain calm amid fresh Hindenburg allegations

Indian shares logged gains on Friday, narrowing their weekly losses, as a bigger-than-expected drop in U.S. unemployment claims allayed fears of a recession in the world’s top economy. File. | Photo Credit: ANI Indian shares are likely to open flat on Monday (August 12, 2024), with the Securities and Exchange Board of India (SEBI) asking…

Hindenburg Research: Allegations against Adani duly investigated; Madhabi Buch disclosed, recused when necessary, says SEBI

SEBI chief Madhabi Puri Buch at SEBI Bhavan in Mumbai. | Photo Credit: PTI In its first comments following a new report by U.S.-based short seller Hindenburg Research, capital markets regulator SEBI on Sunday (August 11, 2024) said it has investigated all the allegations against the Adani group. Chairperson Madhabi Buch made relevant disclosures from…

Hindenburg Research alleges SEBI chief Madhabi Buch, spouse had stakes in offshore funds tied to its Adani report

SEBI chairperson Madhabi Puri Buch. Photo: sebi.gov.in Almost 18 months after Hindenburg Research flagged allegations of malfeasance and stock price manipulation at the Adani group of companies, the U.S.-based short seller on Saturday (August 10, 2024) alleged that the chairperson of India’s stock market regulator, in charge of probing these issues, herself had a stake…

Something big soon on India, says Hindenburg Research

U.S. based short-sheller firm Hindenburg Research may soon reveal their next report on India soon | Photo Credit: Special arrangements U.S.-based firm Hindenburg Research on Saturday (August 10, 2024) posted a cryptic message hinting at a possible new India-centric report, over a year after it published allegations against the Adani group of companies of insider…

Rupee rises 8 paise to 83.89 against U.S. dollar in early trade

The rupee strengthens against the dollar, supported by a positive equities trend | Photo Credit: The Hindu The Rupee appreciated 8 paise to 83.89 against the U.S. dollar in early trade on Friday (August 9, 2024), supported by a positive trend in domestic equities and a decline in the U.S. dollar index. Forex traders said…

Ola Electric IPO: Ola Electric valued at $4.4 billion in debut trade

With a 39% market share, Ola Electric dominates sales of electric scooters in India, after launching its first model just three years ago. | Photo Credit: Reuters SoftBank-backed Ola Electric Mobility’s shares rose 10% in their trading debut on Friday (August 9, 2024), valuing the company at ₹369.45 billion ($4.40 billion) after the first stock…

Stock Market Today: Sensex, Nifty decline in early trade ahead of RBI monetary policy decision

Image used for representative purpose only. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty declined in early trade on Thursday (August 8, 2024) ahead of the Reserve Bank of India’s monetary policy decision. Continuous foreign fund outflows and weak trends in the U.S. markets also drove domestic equities lower during initial deals. The…

Sensex, Nifty tumble post RBI monetary policy decision

Image used for representative purpose only | Photo Credit: PTI Equity benchmark indices Sensex and Nifty continued to trade lower on Thursday (August 8) after the Reserve Bank of India decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remains stubborn. Continuous foreign fund outflows and weak…

Rupee inches higher; importer hedging, NDF dollar demand cap gains

File. | Photo Credit: Reuters The rupee gained slightly on Wednesday (August 7, 2024) aided by a broad improvement in risk appetite but strong dollar bids in the non-deliverable forward (NDF) market and importers’ hedging demand are likely to keep the currency’s gains in check, traders said. The rupee was at 83.9150 against the U.S.…

Rupee settles 4 paise lower at 83.96 against U.S. dollar

The rupee finally settled at 83.96 (provisional) against the American currency, down 4 paise from its previous close. File | Photo Credit: Reuters The rupee consolidated in a narrow range and settled for the day lower by 4 paise at 83.96 (provisional) against U.S. dollar on Wednesday (August 7, 2024), weighed down by a recovery…

Stock Market Today: Sensex, Nifty bounce back sharply in early trade amid rally in Asian peers

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. File. | Photo Credit: PTI Equity market benchmark indices Sensex and Nifty bounced back sharply in early trade on August 6 after facing a severe drubbing in the previous trade tracking a smart rebound in Asian peers. The 30-share BSE Sensex jumped 1,092.68 points…

Rupee recovers from all-time low level, opens 25 paise higher at 83.84 against U.S. dollar

On Monday, the rupee slumped 37 paise to settle at an all-time low of 84.09 against the U.S. dollar | Photo Credit: Reuters The rupee recovered from its all-time low level and opened 25 paise higher at 83.84 against the U.S. dollar in morning trade on August 6, mirroring the rebound in the domestic equity…

Bharti Airtel Q1 net profit jumps 2.5 times to ₹4,160 crore

A Bharti Airtel office in Gurugram. File | Photo Credit: Reuters Telecom operator Bharti Airtel reported more than 2.5 times jump in its consolidated profit to ₹ 4,160 crore in the first quarter ended on June 30, 2024, compared to the year-ago period. The company posted a profit of ₹ 1,612.5 crore in the same…

Stock markets crash nearly 3% amid global equity rout, investors lose ₹15 lakh crore in single day

Stock markets crashed nearly 3% on August 5 due to across-the-board selling in banking, IT, metal and oil & gas shares following a global equity rout, wiping out more than ₹15 lakh crore of investor money in a single day. The 30-share BSE Sensex plummeted 2,222.55 points or 2.74% to settle at over a month’s…

Stock Market Today: Sensex rises 388 points, Nifty breaches record 25,000-mark

Image used for representational purpose only. | Photo Credit: PTI Benchmark BSE Sensex jumped 388 points to breach the 82,000-level for the first time while broader Nifty spurted 108 points to hit the record 25,000-mark in early trade on August 1 after the U.S. Federal Reserve indicated a rate cut by September. The 30-share BSE…

PMI signals factory activity eased a tad in July; price pressures mount

A worker makes a metal filter plate inside an industrial manufacturing unit on the outskirts of Ahmedabad. | Photo Credit: Reuters Growth in new orders and output eased slightly at Indian factories during July, even as firms raised selling prices at the highest pace in almost 11 years amid a significant spike in input costs…

Sensex plunges 640 points in early trade on weak global cues

A vendor walks past by a poster of bear and bull in south Mumbai, reflecting the mood of the stock markets, as the BSE sensex went down by 640 points in early trader on August 2, 2024. File photo | Photo Credit: The Hindu Benchmark equity indices Sensex and Nifty tumbled in early trade on…