Digital Marketing Archives - Page 6 of 7

Markets climb in early trade on firm global trends; extend winning momentum to 3rd day running

Image for representation | Photo Credit: PAUL NORONHA Benchmark equity indices continued their winning momentum for the third day running on Tuesday amid firm global market trends. Rallying for the third day running, the 30-share BSE Sensex climbed 411.27 points to 74,059.89 in early trade. The NSE Nifty advanced 111.15 points to 22,447.55. From the…

Sensex climbs 640 points; Nifty tops 22,300-level in early trade

File image. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty climbed in early trade on April 22 amid a rally in Asian markets, decline in Brent crude oil prices and buying by foreign investors. Extending its previous day’s rebound, the 30-share BSE Sensex climbed 639.85 points to 73,728.18 in early trade. The NSE…

Rupee rises 5 paise to 83.39 against U.S. dollar in early trade

File. | Photo Credit: C. Venkatachalapathy The rupee appreciated 5 paise to 83.39 against the U.S. dollar in early trade on April 22, supported by a firm trend in domestic equities. Forex traders said the local unit gained ground as the American currency and crude oil prices retreated from their elevated levels. At the interbank…

Rupee rises 6 paise to close at 83.55 against U.S. dollar

Image used for representative purpose only. | Photo Credit: REUTERS The rupee rebounded from its all-time low levels and appreciated 6 paise to close at 83.55 (provisional) against the U.S. dollar on Thursday, as the American currency and brent crude oil prices retreated from their elevated levels. At the interbank foreign exchange market, the local…

Markets tank in early trade as Middle East tensions flare-up

Equity benchmark indices tanked in early trade on April 19, taking their losing streak to the fifth day running, as escalating tensions in the Middle East weighed heavily on investors’ sentiment. Fresh foreign fund outflows, uptick in Brent crude oil prices and decline in IT stocks also added to the overall weak sentiment in equities.…

Rupee falls 6 paise to 83.58 against U.S. dollar in early trade

Image used for representative purpose only. | Photo Credit: Nagara Gopal The rupee depreciated 6 paise to 83.58 against the U.S. dollar in early trade on April 19, weighed down by a negative trend in domestic equities and elevated crude oil prices. Forex traders said the strength of the American currency in the overseas market…

Rupee rises 4 paise to close at 83.48 against U.S. dollar

Image used for representation purpose only. | Photo Credit: REUTERS The rupee pared initial losses to finally settle 4 paise higher at 83.48 against the U.S. dollar on Friday, tracking a strong rebound in domestic equities. Forex traders said the domestic currency fell in early trade on risk aversion in global markets amid geopolitical tensions…

Stock markets stage strong rebound after four days of slump; Sensex rallies 599 points

From the Sensex basket, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, Maruti, Wipro, Bharti Airtel, Bajaj Finserv, ICICI Bank and ITC were the major gainers. | Photo Credit: Reuters Stock markets rebounded from early lows to close higher on April 19, snapping the four-day losing streak on heavy value buying in banking and…

Markets face heavy fluctuations; settle lower taking downtrend to 4th day

Equity benchmark indices Sensex and Nifty faced heavy volatility on April 18 and ended lower, taking their losing streak to the fourth straight session, dragged by bank stocks and foreign fund outflows. Concerns over fading rate cut hopes and persisting FII fund exodus from domestic equities also dampened investors’ sentiment. The 30-share BSE Sensex declined…

Gold falls ₹250 to ₹73,700 per 10 grams; silver stays flat

A saleswoman arranges gold necklaces inside a jewellery showroom in Kochi. File | Photo Credit: REUTERS Gold prices fell from an all-time high level and traded lower by ₹250 at ₹73,700 per 10 grams in the national capital on April 18 amid a decline in the yellow metal’s rates in the global markets, according to…

Stock Market Today: Markets rebound in early trade after three days of decline

Equity benchmark indices rebounded in early trade on Thursday, April 18, 2024, after falling for the past three days amid a rally in Asian markets along with buying in index majors State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 310.82 points to 73,254.50 in early trade. The NSE Nifty went up…

Markets slump for third day on fears of escalating tensions in Middle East

From the Sensex basket, Infosys, IndusInd Bank, Bajaj Finserv, Wipro, HCL Technologies, Bajaj Finance, Tech Mahindra, Tata Consultancy Services, and Larsen & Toubro were the major laggards. File. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty continued to slump on April 16 dragged down by heavy selling in IT stocks amid weak global…

Stock markets to remain closed today for Ram Navami

The S&P BSE Sensex shed 0.62% to 72,943.68, extending losses to a third straight session. File | Photo Credit: PTI India’s currency, debt and equity markets will be closed on Wednesday, April 17, for Ram Navami. Trading will resume on Thursday, April 18. The blue-chip NSE Nifty 50 fell 0.56% to 22,147.90 while the S&P…

Rupee falls 14 paise to close at 83.57 against U.S. dollar

File. | Photo Credit: Reuters The rupee depreciated 14 paise to close at 83.57 (provisional) against the U.S. dollar on April 16, weighed down by a negative trend in domestic equities and a strong greenback against major crosses overseas amid geopolitical tensions. Forex traders said a weak appetite for riskier assets and recent foreign capital…

Markets continue to slump on fears of escalating tensions in Middle East

Continuing its downtrend for the third day running, the 30-share BSE Sensex tanked 585.63 points to 72,814.15 on April 16, 2024. File | Photo Credit: PTI Equity benchmark indices continued to slump in early trade on April 16 on fears of escalating tensions in the Middle East and weak global trends. Foreign fund outflows and uptick…

Sensex, Nifty tank over 1% on concerns over Middle East conflict, weak global trends; Rupee falls 6 paise

Stock markets took a beating on April 15 with benchmark Sensex and Nifty tumbling over 1% as escalating conflict in the Middle East and weak trends from global markets unnerved investors. Falling for the second session in a row, the 30-share BSE Sensex tanked 845.12 points or 1.14% to settle at a more than two-week…

Sensex tanks over 900 points amid Iran-Israel tensions

The S&P BSE Sensex fell 0.86% to 73,624 on April 15, 2024. File | Photo Credit: Reuters Nervousness gripped the equity markets on April 15 following the geopolitical tensions in West Asia. Extending its previous day’s decline, the 30-share BSE Sensex tanked 929.74 points to 73,315.16. The NSE Nifty declined 216.9 points to 22,302.50. All…

Sensex, Nifty rebound in early trade

An employee of a stock trading firm in Mumbai looking at a share price. File photo | Photo Credit: The Hindu Benchmark equity indices rebounded in early trade on Wednesday, April 10, 2024 amid the ongoing optimistic trend in equities and buying in largecap stocks. The 30-share BSE Sensex climbed 273.65 points to 74,957.35 in…

Rupee rises 15 paise to 83.16 against U.S. dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.23 against the greenback. It later touched 83.16 in initial trade, registering a rise of 15 paise from its previous close. | Photo Credit: The Hindu The Rupee appreciated 15 paise to 83.16 against the U.S. dollar in early trade on April 10, tracking…

Rupee falls seven paise to 83.38 against U.S. dollar in early trade

At the interbank foreign exchange, the Rupee opened at 83.36 against the dollar and touched a low of 83.38 in the initial trade, registering a fall of seven paise over its previous close. | Photo Credit: The Hindu The Rupee depreciated seven paise to 83.38 against the U.S. dollar in early trade on April 12,…

Stock Market Today: Markets decline in early trade after record-breaking rally

Equity benchmark indices declined in early trade on April 12 after a record-breaking rally in the previous trade. | Photo Credit: REUTERS Equity benchmark indices declined in early trade on April 12 after a record-breaking rally in the previous trade as investors went in for profit-taking amid weak trends from Asian markets. The hotter-than-expected U.S.…

Vodafone Idea FPO worth ₹18,000 to open from April 18

Vodafone Idea said its board has approved a Follow-on Public Offering (FPO) of equity shares of up to ₹18,000 crore. Image used for representative purpose only. | Photo Credit: Reuters Telecom operator Vodafone Idea on April 12 said its board has approved a Follow-on Public Offering (FPO) of equity shares of up to ₹18,000 crore.…

Sensex settles above 75,000-mark for first time, Nifty closes at record high

From the Sensex basket, ITC, Kotak Mahindra Bank, Bharti Airtel, State Bank of India, Asian Paints, Tech Mahindra, Reliance Industries and Nestle were the major gainers. File. Benchmark Sensex climbed 354 points to close above the record 75,000 mark for the first time while broader Nifty scaled a fresh lifetime high on Wednesday on gains…

NSE cautions against deepfake videos of its chief recommending stocks

National Stock Exchange MD and CEO Ashishkumar Chauhan. File. The National Stock Exchange (NSE) on April 10 cautioned investors against deepfake videos of its MD and CEO Ashishkumar Chauhan giving stock recommendations. In a statement, the exchange said it has observed the use of the face or voice of Mr. Chauhan and NSE logo in…

Rupee rises 12 paise to close at 83.19 against U.S. dollar

File. | Photo Credit: AFP The rupee appreciated 12 paise to close at 83.19 (provisional) against the U.S. dollar on April 10, as equity benchmarks climbing to all-time high levels and a weak greenback against major currencies overseas boosted investor sentiment. Forex traders said the rising appetite for riskier assets supported the local currency. At…

Stock market today: Sensex breaches historic 75,000-mark for first time ever; Nifty climbs to new record peak

The BSE benchmark jumped 494.28 points or 0.67% to settle at a new closing peak of 74,742.50 on April 8, 2024. File | Photo Credit: Reuters Benchmark equity indices continued their record-breaking rally on April 9, with the BSE Sensex breaching the historic 75,000-mark for the first time ever in early trade and the Nifty…

Markets settle lower after hitting record peaks in intra-day; Sensex breaches 75,000-milestone

The BSE benchmark jumped 494.28 points or 0.67% to settle at a new closing peak of 74,742.50 on April 8. File. | Photo Credit: Reuters Benchmark equity indices ended marginally lower on April 9 amid profit-taking after the BSE Sensex breached the historic 75,000-mark for the first time ever in early trade and the Nifty…

Rupee rises 8 paise to 83.23 against US dollar in early trade

Forex traders said investor sentiments got a boost as crude oil prices retreated from their elevated levels, while the strength of the American currency in the overseas market weighed on the local unit and restricted the up move. | Photo Credit: R. Ragu The rupee appreciated 8 paise to 83.23 against the U.S. dollar in…

HDFC Bank, LIC emerge as big gainers as four of the top 10 valued firms add ₹1.71 lakh cr to m-cap

The BSE benchmark climbed 596.87 or 0.81%. It hit an all-time high of 74,501.73 on April 4. File | Photo Credit: PTI Four of the top 10 valued firms added ₹1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line…

FPIs withdraw ₹325 crore from Indian equities so far in April

FPIs have been pumping money into the debt markets for the past few months, driven by the upcoming inclusion of Indian government bonds in the JP Morgan Index. File | Photo Credit: Reuters FPIs have turned cautious as they pulled out ₹325 crore from Indian equities in the first week of this month owing to…

Markets fall in early trade ahead of RBI policy announcement; Sensex tumble nearly 200 points

HDFC Bank, Bajaj Finserve, Nestle India and Mahindra & Mahindra defied the trend and were trading with gains. File. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty retreated from their record peaks and traded lower in early trade on April 5 as investors turned cautious ahead of RBI’s interest rate decision, amid muted…

Rupee falls 6 paise to 83.45 against U.S. dollar in early trade

File. | Photo Credit: C. Venkatachalapathy The rupee depreciated 6 paise to 83.45 against the U.S. dollar in early trade on April 5, as market participants remained cautious ahead of the announcement of the Reserve Bank of India’s rate-setting panel’s decision. Forex traders said the local unit was also weighed down by a strong American…

Rupee ends higher on foreign, state-run banks’ dollar sales; rises on week

Photo used for representation purpose only. The rupee rose on April 5, bolstered by dollar sales from foreign and state-run banks and after the central bank kept rates unchanged for a seventh consecutive meeting. | Photo Credit: The Hindu The rupee rose on April 5, bolstered by dollar sales from foreign and state-run banks and…

Sensex gains marginally to scale new peak after RBI policy decision

The Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: REUTERS Equity benchmark index Sensex registered marginal gains to hit fresh lifetime high on April 05 after the Reserve Bank maintained the status quo on key interest rates amid a negative trend in global markets. The six-member rate-setting panel of the Reserve Bank…

Sensex, Nifty hit record highs as HDFC, TCS rise

Equity benchmark indices Sensex and Nifty rebounded sharply to hit record fresh highs on April 04, propped up by buying in IT, consumer durables and financial stocks amid expectations of a robust corporate performance. Besides, investors lapped up select banking stocks expecting a status quo in the interest rate decision of the RBI’s monetary policy…

Rupee rises 9 paise to close at 83.44 against U.S. dollar

The rupee on April 04 recovered 9 paise to close at 83.44 (provisional) against the U.S. dollar, tracking a firm trend in domestic markets and upbeat macroeconomic data. A weak U.S. dollar against major crosses overseas also supported the domestic unit. However, elevated crude oil prices and sustained foreign fund outflows capped the sharp gain,…

Markets end lower amid profit-booking, mixed global cues

Bombay Stock Exchange (BSE) building. | Photo Credit: REUTERS Equity benchmark indices Sensex and Nifty settled lower for the second straight session on Wednesday due to profit-booking in select banking and auto stocks amid mixed trends from the global markets and outflow of foreign funds. The 30-share BSE Sensex declined by 27.09 points or 0.04%…

Rupee falls 3 paise to close at 83.45 against U.S. dollar

Image used for representative purpose only. | Photo Credit: REUTERS The rupee depreciated by 3 paise to close at 83.45 (provisional) against the U.S. dollar on Wednesday, weighed down by elevated crude oil prices in international markets and persistent foreign fund outflows. A muted trend in domestic equities also dented investor sentiments, forex traders said.…

Stock markets snap three-day winning run; Sensex down 110 points on profit-taking, foreign fund outflows

Mahindra & Mahindra, Nestle, Tata Motors and IndusInd Bank were among the gainers. File. | Photo Credit: Reuters Stock markets snapped the three-day gaining run on April 2 with benchmark Sensex dropping by 110 points due to profit-taking in select private bank and auto shares amid weak trends from the US markets and foreign fund…

Rupee falls 4 paise to close at 83.43 against U.S. dollar

File. | Photo Credit: C. Venkatachalapathy The rupee on April 2 consolidated in a narrow range and settled 4 paise lower at 83.43 against the U.S. dollar, weighed down by a strong dollar and elevated crude oil prices. Forex traders said a weak trend in domestic equities also dented investor sentiments. At the interbank foreign…

Stock market today: Sensex, Nifty hit all-time high in early trade

The BSE Sensex reached its all-time high of 74,254.62 and the NSE Nifty hit the lifetime peak of 22,529.95 on April 1, 2024. Benchmark equity indices started the new fiscal on a bullish note on April 1, with the Sensex and Nifty reaching all-time high levels, amid firm trends from Asian markets and foreign fund…

Stock markets start new fiscal on a high; Sensex, Nifty scale new lifetime highs

File. | Photo Credit: Paul Noronha Stock markets started the new fiscal on a high with benchmark Sensex and Nifty scaling fresh record high levels in intra-day trade before settling in the green on April 1, backed by firm trends in Asian markets and foreign fund inflows. Extending its winning momentum to the third day…

Rupee edges up 1 paisa to 83.02 against U.S. dollar in early trade

The rupee edged up 1 paisa to 83.02 against the U.S. dollar on Wednesday ahead of the announcement of the key U.S. Fed policy decision later in the day. | Photo Credit: REUTERS The rupee edged up 1 paisa to 83.02 against the U.S. dollar on Wednesday ahead of the announcement of the key U.S.…

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

On Tuesday, the rupee recovered from all-time low levels and appreciated 32 paise to close at 83.29 against the U.S. dollar. File. | Photo Credit: C. Venkatachalapathy The rupee was trading in a narrow range against the U.S. dollar in early trade on March 27, as the support from positive domestic equities was negated by…

Sensex, Nifty rebound in early trade led by Reliance Industries

Share brokers watching the movement of stock prices. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty rebounded in early trade on Wednesdauy, March 27, 2024,. supported by buying in index majors Reliance Industries and Maruti. The 30-share BSE Sensex climbed 270.18 points to 72,740.48 in early trade. The NSE Nifty went up by…

Rupee turns flat at 83.33 against U.S. dollar in early trade

Representational image of U.S. dollar notes | Photo Credit: Reuters The rupee turned flat at 83.33 against the U.S. dollar in early trade on Thursday amid a strong American currency and higher crude oil prices. Forex traders said the positive equity markets and inflow of foreign funds resisted the fall in the Indian currency. At…

Market extend winning momentum for 2nd day running on foreign fund inflows, rally in U.S. equities

Representational image of share brokers watching stock prices at BSE Sensex and NSE Nifty at Calcutta Stock Exchange in Kolkata | Photo Credit: PTI Benchmark equity indices climbed in early trade on Thursday, extending their previous day’s rally, on foreign fund inflows and positive trend in the U.S. markets. The 30-share BSE Sensex climbed 342.48…

FPIs infuse over ₹2 lakh cr in equities in FY24

FPIs pumped ₹3.4 lakh crore into the capital market, according to data available with the depositories. File | Photo Credit: Reuters Foreign investors made a strong return by injecting more than ₹2 lakh crore into Indian equities in 2023-24, driven by optimism surrounding the country’s robust economic fundamentals amidst a challenging global environment. Looking forward…

Rupee falls 6 paise to settle at 83.39 against U.S. dollar

The rupee depreciated 6 paise to settle at 83.39 (provisional) against the U.S. dollar on March 28. File | Photo Credit: Nagara Gopal The rupee depreciated 6 paise to settle at 83.39 (provisional) against the U.S. dollar on March 28 due to a strengthening greenback against major rivals overseas and rising crude oil prices in…

Markets end FY24 on buoyant note amid positive global cues

Extending its previous day’s rally, the 30-share index jumped 655.04 points or 0.90% to settle at 73,651.35. File. | Photo Credit: Vivek Bendre Benchmark equity indices Sensex and Nifty ended the last day of trade of the 2023-24 fiscal on a bullish note on March 27, driven by heavy buying in power, auto and banking…

Sensex, Nifty rebound on heavy buying in Reliance Industries, HDFC Bank

Benchmark equity indices Sensex and Nifty rebounded sharply on Wednesday following heavy buying in index majors Reliance Industries and HDFC Bank. The 30-share BSE Sensex climbed 526.01 points or 0.73% to settle at 72,996.31. During the day, it jumped 668.43 points or 0.92% to 73,138.73. The NSE Nifty went up by 118.95 points or 0.54%…

Rupee falls 7 paise to close at 83.36 against U.S. dollar

The rupee declined by 7 paise to close at 83.36 (provisional) against the U.S. dollar on March 27, tracking a strong American currency against major rivals overseas and weak Asian peers. File. | Photo Credit: R. Ragu The rupee declined by 7 paise to close at 83.36 (provisional) against the U.S. dollar on March 27,…

Rupee recovers from all-time low level; rises 29 paise to 83.32

Forex, equity markets were closed on Monday on account of Holi. File. | Photo Credit: Reuters The rupee recovered from its all-time low level and appreciated 29 paise to 83.32 against the U.S. dollar in early trade on March 26. At the interbank foreign exchange, the domestic currency opened at 83.33 and it gained ground…

Sensex, Nifty drop on foreign fund outflows, weak US markets

Image for representation | Photo Credit: PAUL NORONHA Benchmark equity indices Sensex and Nifty declined on Tuesday due to losses in index major Reliance Industries and HDFC Bank amid sustained foreign fund outflows and mixed global trends. The 30-share BSE Sensex declined by 361.64 points or 0.50% to settle at 72,470.30. During the day, it…

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

From the Sensex basket, Maruti, Power Grid, Nestle, IndusInd Bank, Tata Consultancy Services, and Wipro were the major gainers. | Photo Credit: Reuters Benchmark equity indices rebounded in early trade on March 20 after a sharp decline in the previous trade amid a rally in global markets and fresh foreign fund inflows. The 30-share BSE…

Nvidia’s dizzying rally spurs rush into AI-themed Exchange Traded Funds

The fervour around artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia . The funds run the gamut from those offering a bouquet of the biggest AI winners to more esoteric themes such as robotics…

Rupee rebounds 14 paise to 83.05 against dollar as U.S. Fed indicates 3 rate cuts

Image used for representational purpose. | Photo Credit: Reuters The rupee rebounded 14 paise to 83.05 against the U.S. currency in early trade on Thursday as the dollar retreated from high levels in global markets after the U.S. Federal Reserve indicated three rate cuts this year. At the interbank foreign exchange market, the rupee opened…

Steady Fed outlook lifts stock market’s hopes for ‘soft landing’

Traders react after the closing bell on the floor at the New York Stock Exchange (NYSE) in New York City, | Photo Credit: REUTERS A U.S. stock market perched at record highs received an encouraging message from the Federal Reserve, after the central bank stuck with its rate cut projections for 2024 despite stronger-than-expected economic…

Rupee declines by 20 paise to 83.33 against dollar in early trade

Image used for representational purpose only. | Photo Credit: Reuters The rupee declined 20 paise to 83.33 against the U.S. dollar on March 22 due to a stronger greenback in the global markets and dollar buying by importers. At the interbank foreign exchange market, the local unit opened lower at 83.28 against the previous close…

Markets fall in early trade dragged by IT stocks, weak trends from Asian peers

Image used for representational purpose only. | Photo Credit: Reuters Benchmark equity indices tanked in early trade on March 22, surrendering their two days of rally, dragged down by IT stocks, weak trends from Asian markets and continuous foreign fund outflows. The 30-share BSE Sensex tanked 413.36 points to 72,227.83. The NSE Nifty skidded 86.8…

Rupee falls 35 paise to hit all-time low of 83.48 against U.S. dollar

Rupee finally settled at a record low of 83.48 (provisional), registering a fall of 35 paise from the previous close of 83.13. | Photo Credit: The Hindu The Rupee depreciated 35 paise to settle at an all-time low of 83.48 against the American currency on March 22, tracking a surging greenback against major crosses in…

Stock markets rise for 3rd session; Sensex gains 190 points

Benchmark equity indices Sensex and Nifty closed higher for the third straight session on Friday, following gains in index majors L&T, ITC and Maruti and a record rally in the U.S. markets after the Federal Reserve indicated three rate cuts this year. After falling in early trade, markets staged a smart recovery. The 30-share BSE…

Rupee rises six paise to close at 83.13 against U.S. dollar

Rupee hit an intra-day high of 83.04 and a low of 83.16. File | Photo Credit: The Hindu The Rupee appreciated six paise to close at 83.13 (provisional) against the U.S. dollar on March 21, supported by a firm trend in domestic equities and a weak greenback amid rising appetite for riskier assets. At the…

Sensex, Nifty surge amid global markets rally on U.S. Fed rate cut plans

The Bombay Stock Exchange in Mumbai. File Benchmark equity indices Sensex and Nifty surged nearly 1% on Thursday in tandem with a rally in global markets after the U.S. Fed projected three rate cuts this year. Rising for the second day, the 30-share BSE Sensex jumped 539.50 points or 0.75% to settle at 72,641.19. During…

Sensex, Nifty rebound as Reliance, ITC shares rally

A man walks past the Bombay Stock Exchange (BSE) building, in Mumbai. File. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty rebounded on March 20, propelled by bargain hunting in index majors Reliance Industries, ITC and SBI amid a largely firm trend in global equities. In a highly volatile trade, the 30-share BSE…

Rupee falls 13 paise to close at 83.16 against U.S. dollar

On Tuesday, the rupee depreciated 13 paise to 83.03 against the U.S. dollar. File. | Photo Credit: Reuters The rupee declined 13 paise to close at 83.16 (provisional) against the U.S. dollar on March 20, weighed down by a strong American currency against major rivals overseas and elevated crude oil prices. However, a recovery in…

Rupee declines 12 paise to close at 83.02 against U.S. dollar

On March 18, the Rupee dropped four paise to settle at 82.90 against the U.S. dollar. | Photo Credit: The Hindu The Rupee depreciated 12 paise to 83.02 (provisional) against the U.S. dollar on March 18, weighed down by a heavy sell-off in domestic equities and persistent foreign capital outflows. “Besides, a surging greenback against…

Stock Market Today, Closing Bell : Sensex, Nifty down 1% amid slump in TCS, foreign fund outflows

A view of the Bombay Stock Exchange | Photo Credit: Paul Noronha Benchmark equity indices Sensex and Nifty tumbled 1% each on Tuesday dragged down by a heavy sell-off in TCS, Infosys and Reliance Industries amid weak Asian markets and fresh foreign fund outflows. The 30-share BSE Sensex tanked 736.37 points or 1.01% to settle…

Rupee falls four paise to settle at 82.90 against dollar on firm crude oil prices

On March 15, the Rupee had settled at 82.86. “The Rupee declined by four paise to settle at 82.90 (provisional) against the U.S. currency on March 18 on firm crude oil prices. Gains in domestic stock markets and foreign fund inflows capped the Rupee’s losses,” analysts said. The local unit opened firm at 82.84 to…

Stock markets settle higher in volatile trade; metal, auto shares shine

From the Sensex basket, Tata Steel jumped more than 5%. Mahindra & Mahindra, JSW Steel, Tata Motors, Axis Bank, Sun Pharma, Reliance Industries and Maruti were the other biggest gainers. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty closed marginally higher in a volatile trade on March 18 as cautious investors preferred to…

Markets trade lower in early trade on fresh foreign fund outflows

Bombay Stock Exchange (BSE). | Photo Credit: REUTERS Equity benchmark indices extended their previous day’s bearish trend and declined in the early trade on Thursday amid heavy foreign fund outflows and mixed trends from the global markets. The 30-share BSE Sensex dropped 264.7 points to 72,497.19, while the Nifty declined 80.2 points to 21,917.50. From…

Rupee falls 5 paise to 82.86 against U.S. dollar in early trade

At the interbank foreign exchange, the rupee opened at 82.84 against the dollar and touched an early low of 82.86 in initial trade, registering a fall of 5 paise over its previous close. The rupee depreciated 5 paise to 82.86 against the U.S. dollar in early trade on Thursday, tracking a negative trend in domestic…

Paytm jumps 5% as digital payments app survives banking unit shutdown

Paytm jumped 5% a day after it got a third-party application provider license. | Photo Credit: REUTERS Shares of India’s Paytm rose a stock exchange-allowed maximum of 5% on Friday, March 15, 2024, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit…

Markets trade lower on weak global market trends, foreign fund outflows

Bombay Stock Exchange (BSE). | Photo Credit: REUTERS Equity benchmark indices declined in early trade on Friday amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 314.56 points to 72,782.72 after a weak beginning. The NSE Nifty dropped 101.65 points to 22,045. From the Sensex basket, Mahindra & Mahindra, Infosys,…

Stock Market Highlights: Markets fall after a day’s breather on weak global market trends, foreign fund outflows

A view of the Bombay Stock Exchange. Equity benchmark indices declined nearly 1 per cent on March 15 after a day’s breather amid weak global market trends and foreign fund outflows. The 30-share BSE Sensex declined 453.85 points or 0.62% to settle at 72,643.43 after a weak beginning. During the day, the benchmark tanked 612.46…

Rupee falls 4 paise to close at 82.88 against US dollar

Photo used for representation purpose only. | Photo Credit: Reuters The rupee declined 4 paise to 82.88 (provisional) against the U.S. dollar on March 15, weighed down by unabated foreign fund outflows and a negative trend in domestic equities. Forex traders said elevated American currency overseas and crude oil prices in the international market also…

Sensex recovers 335 points, Nifty closes above 22,100 on buying in IT stocks, positive macro data

A pedestrian walks past the Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Benchmark Sensex rebounded 335 points while Nifty closed above the 22,100 level on Thursday as buying in IT and capital goods shares helped broader markets recover from the previous day’s sharp losses. The 30-share BSE Sensex climbed 335.39…

Rupee falls 1 paisa to end at 82.82 against U.S. dollar

The rupee depreciated 1 paisa to settle at 82.82 (provisional) against the U.S. dollar on Thursday amid a strong greenback against major rivals overseas and rising crude oil prices. However, a firm trend in domestic equity markets supported the local currency and restricted the fall, forex traders said. At the interbank foreign exchange market, the…

Stock Market Crash today: Sensex tanks 900 points to slip below 73k amid broad-based selloff; smallcap, midcap tumble

Benchmark indices started the session on a positive note, but the selling intensified during afternoon trade, with all sectoral indices ending in the red. File | Photo Credit: The Hindu Equity benchmark index Sensex on March 13 crashed over 900 points to sink below the 73,000 level due to widespread selling pressure amid a sharp…

ITC’s shares jumps as BAT’s $2 billion share sale sails through

The logo of ITC. File | Photo Credit: Reuters Indian FMCG and tobacco giant ITC’s shares jumped more than 8% on March 13, after top shareholder British American Tobacco’s $2 billion stake sale in the company went through smoothly, removing a key overhang on the stock. In India’s third-largest block deal, BAT completed the sale…

Markets trade firm on buying in bank stocks

After a firm beginning, the 30-share BSE Sensex climbed 376.38 points to 73,879.02 in early trade on March 12, 2024. File | Photo Credit: ANI Equity benchmark indices climbed in early trade on March 12 amid buying in blue-chip stocks like HDFC Bank and ICICI Bank along with sustained foreign fund inflows. After a firm…

Rupee falls 3 paise to close at 82.78 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 3 paise lower at 82.78 (provisional) against the U.S. dollar on Tuesday, as market participants remained on the sidelines ahead of the release of key macroeconomic data. Forex traders said the Indian rupee…

Bank stocks including SBI lead Sensex lower

The benchmark S&P BSE Sensex was dragged lower on March 11 by banking stocks, including State Bank of India and HDFC Bank, and industrial counters, snapping two straight sessions of gains. The Sensex fell 616.75 points, or 0.83%, to 73,502.64. While Power Grid and Tata Steel were the biggest losers on the gauge, sliding 2.41%…

SEBI flags froth in small, mid-cap stocks

A file photo of SEBI chairperson Madhabi Puri Buch. | Photo Credit: PTI There may be pockets of irrational exuberance in the Indian equity markets, markets regulator Securities and Exchange Board of India (SEBI) said on March 11, referring to concerns over stretched valuations of small- and mid-cap stocks and large inflows into mutual funds…

Rupee falls 2 paise to 82.92 against U.S. dollar in early trade

Image used for representational purpose. | Photo Credit: Reuters The rupee declined 2 paise to 82.92 against the U.S. dollar in early trade on March 5, tracking a stronger American currency against major overseas rivals and outflow of foreign funds from domestic capital markets. Though a downward trend in the crude oil prices cushioned the…

Markets fall in early trade after four days of rally

File picture of the Bombay Stock Exchange building in Mumbai | Photo Credit: ANI Equity benchmark indices declined in early trade on Tuesday after rallying in the past four days amid weak trends from global markets and foreign fund outflows. After a record-breaking rally, the 30-share BSE Sensex declined 297.97 points to 73,574.32 due to…

Rupee turns flat at 82.90 against US dollar in early trade

The rupee stayed flat at 82.90 against the US dollar in early trade on Wednesday, March 6, 2024, resisting downward pressure from a stronger American currency and volatile crude oil prices in the overseas markets. The local unit was also dragged down by the negative sentiment in the equity markets, however, it found support due…

Markets trade lower on weak global trends

Image for representation only | Photo Credit: PAUL NORONHA Equity benchmark indices traded lower in early trade on Wednesday amid weak trends from the U.S. markets and selling in IT stocks. Extending its previous day’s decline, the 30-share BSE Sensex went lower by 229.04 points to 73,448.09. The Nifty slipped 63.15 points to 22,293.15. Among…

Sensex, Nifty hit fresh record peaks in early trade

The 30-share BSE Sensex climbed 159.18 points to reach an all-time peak of 74,245.17 in early trade. File Equity benchmark indices Sensex and Nifty hit their fresh record peaks in early trade on March 7 amid a firm trend in the U.S. markets and foreign fund inflows. The 30-share BSE Sensex climbed 159.18 points to…

Rakesh Gangwal likely to sell shares in IndiGo

InterGlobe Aviation’s (IndiGo) promoter Rakesh Gangwal. File “InterGlobe Aviation’s promoter Rakesh Gangwal is likely to sell more than a 3% stake in the company through open market transactions,” according to sources. The company is the parent of the country’s largest airline IndiGo. As of December 2023, promoters’ of InterGlobe Aviation owned a 63.13% stake in…

Rupee jumps 9 paise to 82.74 against U.S. dollar in early trade

Image for representational purpose only. | Photo Credit: V.V. Krishnan The rupee stayed firm and rose 9 paise to 82.74 against the U.S. dollar in early trade on March 7 on the back of a weak American currency overseas and sustained inflow of foreign funds in the domestic capital markets. The local currency also found…

Stock Market today: Sensex, Nifty eke out gains to settle at fresh life-time highs

Among the Sensex firms, Tata Steel, JSW Steel, Tata Motors, Bajaj Finserv, Bajaj Finance, Asian Paints, ITC and Nestle were the major gainers. | Photo Credit: Reuters Benchmark Sensex and Nifty closed at fresh record highs on March 7 following gains in metal and FMCG shares amid firm global trends and foreign fund inflows. In…

Sensex, Nifty hit new all-time high levels on gains in banking, IT shares

Benchmark Sensex and Nifty recouped from early losses and settled at fresh record high levels in a volatile trade on Wednesday following buying in bank and select IT shares and gains in European markets. The 30-share BSE Sensex jumped 408.86 points or 0.55% to settle at a new record high of 74,085.99. During the day,…

Rupee rises seven paise to settle at 82.83 against U.S. dollar

On March 5, the Rupee settled flat at 82.90 against the U.S. dollar. | Photo Credit: The Hindu The Rupee appreciated seven paise to settle at 82.83 (provisional) against the U.S. dollar on March 6, buoyed by a weak American currency against major rivals overseas and a rally in domestic equities. However, surging crude oil…

Rupee gains one paisa to settle at 82.89 against U.S. dollar

“The Indian currency remained under pressure due to volatile crude oil prices and persistent foreign fund outflows,” according to forex traders. | Photo Credit: The Hindu The Rupee settled one paisa higher at 82.89 (provisional) against the U.S. dollar on March 5 amid a strong greenback against major rivals overseas and a negative trend in…

Stock markets snap 4-day winning run on weak global trends

A man walks past the bull statue at BSE building in Mumbai. File | Photo Credit: PTI Benchmark Sensex declined by 195 points on Tuesday, snapping its four-day gaining streak due to selling in IT shares and index heavyweight Reliance Industries amid weak trends from global markets and foreign fund outflows. Taking a breather after…

Powergrid to raise ₹1,200 crore via bonds

Power Grid Corporation of India (Powergrid) on March 4 said its board has approved a proposal to raise up to ₹1,200 crore by issuing bonds. “The Committee of Directors for Bonds approved the raising of bonds as unsecured, non-convertible, non-cumulative, redeemable, taxable Powergrid bonds — LXXVI (76th) issue up to ₹1,200 crore,” the company said…

Rupee rises 2 paise to settle at 82.89 against U.S. dollar

FILE PHOTO: A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave/File Photo | Photo Credit: AMIT DAVE The rupee appreciated 2 paise to settle at 82.89 (provisional) against the U.S. dollar on March 4, tracking a weak American currency overseas and positive equity…

Rupee rises 2 paise to 82.89 against U.S. dollar in early trade

At the interbank foreign exchange, the local currency opened at 82.88 and dipped to 82.89 against the greenback, registering a gain of 2 paise from its previous close. Image for representation purposes only. File | Photo Credit: Reuters The rupee appreciated 2 paise to 82.89 against the U.S. dollar in early trade on February 29,…

Sensex, Nifty soar in early trade on impressive GDP data, foreign fund inflows

Among the Sensex firms, Tata Steel, Tata Motors, JSW Steel, Mahindra & Mahindra, Larsen & Toubro, Power Grid, IndusInd Bank, Maruti, NTPC and ICICI Bank were the major gainers. File. | Photo Credit: Paul Noronha Equity benchmark indices Sensex and Nifty jumped in early trade on Friday helped by impressive GDP data and fresh foreign…

Rupee rises four paise to 82.85 against U.S. dollar in early trade

At the interbank foreign exchange, the local currency opened at 82.86 and gained slightly to 82.85 against the greenback, registering an increase of four paise from its previous close. | Photo Credit: The Hindu The Rupee appreciated four paise to 82.85 against the U.S. dollar in early trade on March 1 on the back of…

Special trading session | Sensex, Nifty end at record closing high levels

Among the Sensex firms, Tata Steel, Tata Motors, JSW Steel, Wipro, ITC and Asian Paints were the major gainers. Mahindra & Mahindra, NTPC, Maruti and UltraTech Cement were among the laggards. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty ended at new closing high levels in the special trading session on March…

Rupee settles 1 paisa lower at 82.90 against U.S. dollar

The rupee settled 1 paisa lower at 82.90 (provisional) against the U.S. dollar on Friday amid rising crude oil prices in the overseas market and increased demand for the American currency from importers. The rupee settled 1 paisa lower at 82.90 (provisional) against the U.S. dollar on Friday amid rising crude oil prices in the…

Sensex, Nifty hit record high levels on impressive GDP data, foreign fund inflows

A rally in global markets added to the positive momentum in the equity markets. File. | Photo Credit: SHASHI ASHIWAL Benchmark equity indices Sensex and Nifty rallied more than one-and-a-half per cent to hit their lifetime highs on March 1 helped by impressive GDP data and fresh foreign fund inflows. The 30-share BSE Sensex jumped…

Sensex, Nifty close higher in volatile trade; RIL gains after mega-merger deal

Benchmark stock indices Sensex and Nifty closed with gains in a highly volatile trade amid the scheduled monthly expiry of derivative contracts. Benchmark stock indices Sensex and Nifty closed with gains on Thursday in a highly volatile trade amid the scheduled monthly expiry of derivative contracts. The 30-share BSE Sensex rebounded 195.42 points or 0.27%…

Rupee settles flat at 82.91 against U.S. dollar

The rupee on Thursday settled flat at 82.91 (provisional) against the U.S. dollar, as the support from lower crude oil prices and a weak greenback against major crosses overseas was offset by sustained foreign capital outflows. Besides, a positive trend in equity markets provided a cushion to the domestic unit, forex traders said. Market participants…

Sensex, Nifty tumble over 1% due to selling in Reliance, bank stocks

The 30-share BSE Sensex fell by 790.34 points or 1.08% to settle at 72,304.88. File. | Photo Credit: Paul Noronha Benchmark Sensex tanked more than 1% while Nifty declined below the 22,000 level on February 28 pulled down by selling in heavyweight Reliance Industries and bank stocks amid weak global market trends. The 30-share BSE…

Rupee falls 3 paise to settle at 82.92 against U.S. dollar

Image for representational purposes only. | Photo Credit: Getty Images The rupee declined by 3 paise to settle at 82.92 (provisional) against the U.S. dollar on February 28, tracking bearish equity markets and foreign fund outflow amid increased month-end demand for the American currency. Forex analysts said that softening crude oil prices provided a cushion…

Rupee turns flat at 82.88 against U.S. dollar in early trade

Image for representation | Photo Credit: V.V. Krishnan The rupee turned flat at 82.88 against the U.S. dollar in early trade on Tuesday amid subdued equity market sentiment and withdrawal of foreign funds. According to forex analysts, support from a weak American currency was negated by higher level of crude oil prices even as investors…

Markets turn flat after weak opening

The BSE benchmark fell by 352.67 points or 0.48% to settle at 72,790.13 on Feb. 26. The Nifty declined 90.65 points or 0.41% to 22,122.05.. File (representational image) | Photo Credit: Reuters Equity benchmark indices began the trade on a weak note on February 27 tracking sluggish global market trends and fresh foreign fund outflows.…

Sebi cautions investors against fraudulent trading platforms offering stock market access via FPI route

Image for representational purposes only. | Photo Credit: REUTERS Capital markets regulator Sebi on February 26 cautioned investors against fraudulent trading platforms, claiming to facilitate stock market access to Indians through Foreign Portfolio Investors (FPIs) route. Sebi noted that fraudsters are enticing victims through online trading courses, seminars, and mentorship programs in the stock market,…

Sensex declines 352 points on profit taking, weak global trends

Image used for representative purpose only. | Photo Credit: REUTERS Closing in the red for the second straight session, benchmark Sensex on Monday declined 352 points due to profit-taking in IT, metal and consumer durable goods shares amid weak global trends. The 30-share BSE barometer closed at 72,790.13 points, down 352.67 points or 0.48% over…

Sensex, Nifty witness volatile trends in early trade

Bombay Stock Exchange (BSE) building in Mumbai | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty witnessed a volatile movement in early trade on Thursday, amid mixed trends in the global markets. After opening on a sluggish note, Sensex turned positive and rose 7.58 points or 0.01% to 72,630.67 points. But the 30-share benchmark…

Sensex, Nifty advance in early trade on positive global cues

In the Sensex pack, 18 stocks advanced, with Titan rising more than 1%. | Photo Credit: Reuters Key equity indices rose in early trade on February 23 as Sensex advanced nearly 100 points amid a global rally in stocks boosting investor sentiments. The 30-share Sensex climbed 99.44 points or 0.14% to 73,257.68 points while the…

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

Representational image. | Photo Credit: The Hindu The Rupee traded on a flat note at 82.85 against the U.S. dollar in early trade on February 23 amid outflow of foreign funds and volatile crude oil prices in the overseas market. Positive equity market sentiment and a weak American currency, however, provided support to the domestic…

SEBI using Artificial Intelligence for investigations, says official

SEBI logo used for representational purpose. | Photo Credit: Reuters Securities and Exchange Board of India (SEBI) is using Artificial Intelligence (AI) for investigations, its Whole Time Member Kamlesh Chandra Varshney said on February 24 and emphasised that entities should keep track of technological developments. Against the backdrop of instances of manipulations in the stock market,…

Stock Market Today: Sensex edges lower 15 points, Nifty retreats from record highs to end flat

Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty edged lower in a volatile trade on Friday, reversing early gains due to selling in IT and select banking shares. The 30-share BSE Sensex slipped 15.44 points or 0.02% to close at 73,142.80 points with 17 of its…

Rupee falls eight paise to close at 82.93 against U.S. dollar

Representational image. | Photo Credit: The Hindu The Rupee consolidated in a narrow range and depreciated by eight paise to close at 82.93 (provisional) against the U.S. dollar on February 23, tracking a strong American currency and muted trend in domestic equities. Forex traders said the Indian currency depreciated as foreign fund outflows weighed on…

Nikkei soars to all-time peak as Nvidia optimism drives chips rally

A person takes a photograph of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm on Feb. 22, 2024, in Tokyo. | Photo Credit: AP Japan’s Nikkei share average on February 22 surged past the 1989 bubble-era record high, as chip-related stocks led across-the-board gains after U.S. chipmaker Nvidia’s outlook beat…

Rupee rises 13 paise to close at 82.83 against U.S. dollar

Forex traders said elevated crude oil prices weighed on the local unit and restricted a sharp uptick. | Photo Credit: V.V. Krishnan The rupee appreciated 13 paise to close at 82.83 (provisional) against the U.S. dollar on February 22, tracking the weakness of the American currency in the overseas market and positive domestic equities. Forex…

Gold rises ₹150; silver climbs ₹100

File image for representation. | Photo Credit: PTI Gold prices rose ₹150 to ₹62,850 per 10 grams in the national capital on Wednesday amid strong global cues in the overseas markets, according to HDFC Securities. In the previous trade, the precious metal had closed at ₹62,700 per 10 grams. Silver also climbed ₹100 to ₹75,700…

Rupee rises 1 paisa to close at 82.96 against U.S. dollar

Image used for representative purpose only. | Photo Credit: REUTERS The rupee consolidated in a narrow range and appreciated 1 paisa to close at 82.96 (provisional) against the U.S. dollar on February 21, as the support from easing crude oil prices was negated by a weak trend in domestic equities. Forex traders said the strength…

Stock markets extend winning run to 6th day, Nifty scales fresh lifetime high

As many as 18 Sensex shares closed in the green while 12 settled in the red. | Photo Credit: Reuters Benchmark Sensex spurted by 349 points while Nifty scaled a fresh lifetime high on the sixth straight day of gains on February 20, driven by buying in banking and select FMCG shares. The 30-share BSE…

Rupee rises six paise to settle at 82.95 against U.S. dollar

At the interbank foreign exchange market, the local unit opened at 83.02 and touched the intraday high of 82.91 against the greenback. | Photo Credit: The Hindu The Rupee appreciated six paise to settle at 82.95 (provisional) against the U.S. dollar on February 20, amid robust equity market sentiment and a weak American currency. Forex…

Market rally continues for fifth day; Nifty hits new peak, Sensex up 281 points

File. | Photo Credit: PTI Stock markets closed higher for the fifth consecutive day on February 19 with the benchmark Sensex rising 281 points and Nifty scaling its fresh lifetime high driven by gains in financial and FMCG shares. The 30-share BSE Sensex rose by 281.52 points or 0.39% to close at 72,708.16. As many…

Sensex, Nifty rise marginally in early trade

The 30-share Sensex on February 19, 2024, rose 23.96 points or 0.03% to 72,450.60 points, with 16 constituents trading in the green. | Photo Credit: Reuters Sensex and Nifty gained marginally in early trade on February 19 as investors seemed to be looking for firm cues amid mixed trends in the Asian markets. The 30-share…

Sensex, Nifty rise in early trade

Image used for representative purpose only Markets opened on a positive note on Thursday, February 15, 2024, with Sensex and Nifty rising in early trade as investors tracked positive Asian and global cues. The 30-share benchmark Sensex gained 115.89 points or 0.16 per cent to 71,938.72 points while the broader Nifty climbed 36.90 points or…

Rupee falls 2 paise to close at 83.04 against U.S. dollar

The rupee consolidated in a narrow range and depreciated by 2 paise to close at 83.04 (provisional) against the U.S. dollar on Thursday, tracking a strong American currency and elevated crude oil prices in the international market. Forex traders said the Indian currency depreciated as foreign fund outflows weighed on the rupee. However, positive domestic…

Rupee rises 4 paise to 83.01 against US dollar in early trade

Image used for representative purpose only The rupee rose 4 paise to 83.01 against the US dollar in early trade on Friday, tracking positive cues from domestic equity markets. Forex traders said a strong American currency and elevated crude oil prices, however, weighed on the local unit. At the interbank foreign exchange, the domestic currency…

India initiates anti-dumping probe into imports of solar glass from China, Vietnam

India has already imposed anti-dumping duty on several products to tackle cheap imports from various countries, including China. (Representational image only.) | Photo Credit: The Hindu India has initiated an anti-dumping probe into imports of certain solar glass from China and Vietnam, following a complaint by domestic players. The Commerce Ministry’s investigation arm Directorate General of…

Markets extend winning run to fourth day as auto, IT shares advance

Wipro was the biggest gainer in the Sensex chart, rising 4.79%, followed by M&M, L&T, Tata Motors, Maruti, Infosys, Nestle India and IndusInd Bank. | Photo Credit: Reuters Equity benchmark indices marched higher for the fourth straight session on February 16, with Nifty closing above the 22,000 level, tracking gains in index majors L&T, Infosys…

Rupee rises 4 paise to settle at 83.01 against U.S. dollar

Image for representation | Photo Credit: Reuters The rupee rose 4 paise to settle at 83.01 (provisional) against the U.S. dollar on Friday, amid positive sentiment in the domestic equity markets and softening crude oil prices. Forex traders said a strong American currency and outflow of foreign funds, however, capped a sharp gain in the…

Markets log gains for third day on buying in HDFC Bank, M&M

Image used for representative purpose only. | Photo Credit: REUTERS Equity benchmark Sensex climbed over 225 points to reclaim the 72,000-mark on February 15, while the Nifty settled close to the 22,000 level, supported by hectic buying in market heavyweights M&M, HDFC Bank and SBI amid a largely firm trend in global equities. Besides, a…

Rupee rises 3 paise to 82.99 against U.S. dollar in early trade

Image for representation only | Photo Credit: C. Venkatachalapathy The rupee appreciated 3 paise to 82.99 against the U.S. dollar in early trade on Thursday, amid a positive trend in domestic equities. Forex traders said rupee is trading in a narrow range as strong American currency and elevated crude oil prices weighed on the local…

Gold tumbles ₹750; silver nosedives ₹1,400

A salesman arranges a gold necklace inside a jewellery showroom in Kolkata. File | Photo Credit: REUTERS Gold prices tumbled ₹750 to ₹62,350 per 10 grams in the national capital on Wednesday amid weak global cues, according to HDFC Securities. In the previous trade, the precious metal had ended at ₹63,100 per 10 grams. Silver…

Stock market slides in early trade; Sensex slumps more than 675 points

As many as 27 scrips in the Sensex index declined. Infosys, Tech Mahindra, Wipro, HDFC Bank and TCS were among the major losers in the early trade. | Photo Credit: Reuters Equity benchmark indices plummeted in early trade on February 14 and Sensex slumped more than 675 points tracking negative cues in the global market…

Rupee marginally falls to 83.01 in early trade

A man at a foreign exchange counts Indian currency as a customer, unseen, exchanges U.S. dollars in New Delhi. File photo | Photo Credit: AP The rupee declined marginally to 83.01 against the US dollar in early trade on Tuesday, February 13,2024, amid a muted trend in domestic equities. A stronger American currency and elevated…

Stocks decline in early trade; Paytm shares hit record low

File picture of the Bombay Stock Exchange (BSE) in Mumbai | Photo Credit: SHASHI ASHIWAL Benchmark indices Sensex and Nifty fell in early trade on Tuesday as volatility persisted amid mixed trends in global markets. The 30-share BSE Sensex opened on a positive note and climbed 116.42 points to 71,188.91 points. However, it soon took…

Market benchmarks tumble on profit booking

In the Sensex pack, NTPC, Tata Steel, SBI and IndusInd Bank were among the major laggards. | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty closed sharply lower on February 12 amid a rush for profit taking and mixed trends in global markets. The 30-share BSE Sensex settled 523 points or 0.73% lower at…

Rupee rises eight paise to 82.99 against U.S. dollar in early trade

On February 9, the domestic currency settled at 83.07 against the dollar. | Photo Credit: The Hindu The Rupee appreciated eight paise to 82.99 against the U.S. dollar in early trade on February 12, amid weakness of the American currency in the overseas market. At the interbank foreign exchange, the domestic currency opened at 83.01,…

Stock markets tumble 1% after RBI monetary policy decision; bank stocks drag

Benchmark stock indices Sensex and Nifty tanked around 1% on Thursday dragged by selling in banking and auto shares due to increased uncertainty about the timing of interest rate cuts after the RBI’s monetary policy decision. Erasing all its early gains, the 30-share BSE Sensex fell by 723.57 points or 1% to settle at 71,428.43.…

FPIs infuse over ₹15,000 crore in debt market in February

File. | Photo Credit: Reuters Foreign Portfolio Investors (FPIs) continued their bullish stance on the country’s debt markets with a net infusion of over ₹15,000 crore so far this month, on the back of inclusion of Indian government bonds in the JP Morgan Index along with relatively stable economy. This followed a net investment of…

Markets trade firm on buying in Reliance, TCS; Sensex climbs 122 points

An employee of a stock trading firm looking at a share price on his computer, in Mumbai. File photo | Photo Credit: VIVEK BENDRE Equity benchmark indices rebounded in early trade on Friday, February 9, 2024, amid buying in Reliance Industries, Tata Consultancy Services and ICICI Bank along with largely firm Asian markets. After a…

Stock markets settle in positive territory on buying in bank shares, Reliance

Image used for representative purpose only. | Photo Credit: PTI Benchmark Sensex rebounded by 167 points in a volatile trade on Friday amid buying in ICICI Bank, State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 167.06 points or 0.23% to settle at 71,595.49. During the day, it hit a high of…

Rupee falls seven paise to close at 83.03 against U.S. dollar

On February 8, the Rupee settled on a flat note at 82.96 against the U.S. dollar, after the Reserve Bank of India decided to keep the key policy rate unchanged. | Photo Credit: The Hindu The Rupee depreciated by seven paise to 83.03 (provisional) against the U.S. dollar on February 9, tracking a strong American…

Rupee falls 5 paise against US dollar in early trade

The rupee depreciated 5 paise to 83.01 against the US dollar in early trade on Friday, February 9, 2024, tracking a strong American currency and elevated crude oil prices in the international market. Forex traders said a negative trend in domestic equities and foreign fund inflows weighed on investor sentiments. At the interbank foreign exchange,…

Rupee settles on a flat note at 82.96 after RBI monetary policy decision

The rupee settled on a flat note at 82.96 (provisional) against the U.S. dollar. | Photo Credit: PTI The rupee settled on a flat note at 82.96 (provisional) against the U.S. dollar on February 8, after the Reserve Bank of India decided to keep the key policy rate unchanged for the sixth time in a…

Rupee trading on flat note after RBI monetary policy decision

The rupee rates in the last six days. | Photo Credit: PTI The rupee was trading on a flat note after the Reserve Bank of India (RBI) on Thursday decided to keep policy rate unchanged for the sixth time in a row to maintain a tight vigil on inflation. At the interbank foreign exchange, the…

Gold jumps ₹170; silver plunges ₹300

Gold prices jumped ₹170 to ₹63,370 per 10 grams in the national capital on Wednesday amid gains in precious metal’s prices globally, according to HDFC Securities. The yellow metal had closed at ₹63,200 per 10 grams in the previous trade. However, silver plunged ₹300 to ₹74,600 per kilogram, while it had ended at ₹74,900 per…

Paytm shares climb for 2nd day; jump 10%

Shares of One97 Communications Ltd, which owns Paytm brand, climbed 10 per cent on Wednesday, February 7 morning, continuing its recovery journey. The stock jumped 9.99 per cent to Rs 496.75 on the BSE after a firm beginning. Shares of the company climbed 9.99 per cent to Rs 496.25 on the NSE. Earlier, Vijay Shekhar…

Gold falls ₹150; silver tumbles ₹600

Gold prices fell ₹150 to ₹63,200 per 10 grams in the national capital on Tuesday amid bearish cues from the overseas markets, according to HDFC Securities. The precious metal had closed at ₹63,350 per 10 grams in the previous close. Silver also tumbled ₹600 to ₹74,900 per kilogram, while it had settled at ₹75,500 per…

Markets trade firm on buying in IT stocks

File. | Photo Credit: ANI Equity benchmark indices climbed in early trade on February 6 amid buying in IT majors, mainly Tata Consultancy Services and Infosys along with fresh foreign fund inflows. After a firm beginning, the 30-share BSE Sensex climbed 243.4 points to 71,974.82 in early trade. The Nifty went up by 72.9 points…

Rupee falls eight paise to settle at 83.06 against U.S. dollar

The Rupee depreciated eight paise to settle at 83.06 (provisional) against the U.S. dollar on February 5, as strengthening American currency overseas and negative sentiment in the domestic equity markets weighed on the local unit. “However, the downward trend in the global crude oil prices supported the domestic unit and restricted its decline,” forex traders…

Rupee falls four paise to 83.02 against U.S. dollar in early trade

The Rupee settled flat at 82.98 against the dollar on February 2, a day after rising six paise on the day of the Union Interim Budget. | Photo Credit: The Hindu The Rupee depreciated four paise to 83.02 against the U.S. dollar in early trade on February 5, tracking a strong American currency and rising…

Rupee rises 16 paise to 82.82 against U.S. dollar

Image used for representative purpose only. | Photo Credit: C. Venkatachalapathy The rupee appreciated 16 paise to 82.82 against the U.S. dollar in early trade on Friday supported by positive domestic equities, as the interim budget focused on higher capex and faster fiscal consolidation. Forex traders said the interim budget had a positive impact on…

Rupee rises 7 paise to close at 82.91 against U.S. dollar

Image used for representative purpose only. The rupee appreciated 7 paise to close at 82.91 (provisional) against the U.S. dollar on Friday, supported by a firm trend in domestic equities and a weak greenback against major currencies overseas amid rising appetite for riskier assets. The interim Budget 2024-25, especially the focus on fiscal prudence, left…

Markets rebound on firm global trends; Nifty hits lifetime peak

A man walks past the Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Benchmark equity indices bounced back sharply on Friday, with the Nifty hitting its lifetime peak in intra-day trade, tracking a rally in global markets along with buying in Reliance Industries, Infosys and Tata Consultancy Services. The 30-share BSE…

SEBI mulls revamping nominations framework to reduce unclaimed assets in securities market

Capital markets regulator Securities and Exchange Board of India (SEBI) on February 2 proposed revamping the nominations framework in a bid to reduce unclaimed assets in the securities market as well as smoothen the process for claiming the assets by surviving successors of the deceased investors. In its consultation paper, the regulator proposed revisions to…

Watch | How did the stock market react? | Interim Budget 2024

Paytm shares tank another 20%; hit fresh lower circuit limit

A QR code for the Paytm digital payment system at a road side stall in Mumbai. | Photo Credit: EMMANUAL YOGINI Shares of One97 Communications Ltd, which owns Paytm brand, slumped another 20% on February 2, as the RBI has directed Paytm Payments Bank Ltd (PPBL) to stop accepting deposits or top-ups in any customer…

Budget 2024 | Key stock indices end in red

A man prays at the Bombay Stock Exchange building amid the presentation of the Interim Budget 2024 by the Union Finance Minister Nirmala Sitharaman in Mumbai on February 1, 2024. | Photo Credit: ANI The stock markets remained unimpressed with the proposals announced in the interim budget and key indices, after witnessing a sea-saw movement…

Paytm shares slump 20%; hit lower circuit limit

Paytm shares cracked 20% to ₹608.80 — its lower circuit limit — on the BSE. At the NSE, it tumbled 19.99% to hit the lowest trading permissible limit for the day of ₹609. | Photo Credit: Reuters Shares of One97 Communications Limited (OCL), which owns Paytm brand, plummeted 20% on February 1 as the RBI…

Markets rebound to settle nearly 1% higher ahead of Budget, U.S. Fed interest rate decision

Benchmark equity indices climbed nearly 1% on Wednesday on buying in HDFC Bank and Reliance Industries. Investors are eyeing the two important events lined up ahead — the interim budget and the U.S. Fed interest rate decision — to derive further cues from. Recovering all the early lost ground, the 30-share BSE Sensex jumped 612.21…

Markets bounce back after weak beginning

Image for representation purpose only. Benchmark equity indices began the day on a bearish note on January 31 tracking weak Asian markets and fresh foreign fund outflows, but later recovered all the lost ground to trade in the green on buying in Reliance Industries. Investors are eyeing the two important events lined up ahead —…

Rupee rises 5 paise to 83.11 against U.S. dollar

Image for representational purpose only. | Photo Credit: V.V. Krishnan The rupee appreciated 5 paise to 83.11 (provisional) against the U.S. dollar on Jan. 30, following a weak greenback against major currencies overseas amid a muted trend in domestic equities. At the interbank foreign exchange market, the local unit opened at 83.14 against the greenback.…

Rupee trades in narrow range against U.S. dollar

Image for representational purposes only. | Photo Credit: The Hindu The rupee was trading in a narrow range against the U.S. dollar in early trade on January 30, amid a negative trend in domestic equities. Forex traders said the rupee was trading in a narrow range as rising crude oil prices weighed on investor sentiments.…

Sensex, Nifty jump nearly 2% powered by rally in Reliance Industries, firm Asian markets

File. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty rebounded sharply on January 29, surging nearly 2%, on heavy buying in Reliance Industries and a rally in Asian markets. The 30-share BSE Sensex jumped 1,240.90 points or 1.76% to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85% to 72,010.22.…

Markets open on strong note; Sensex jumps 503 points

The Bombay Stock Exchange on Dalal Street. Image for representation | Photo Credit: PAUL NORONHA Benchmark equity indices rebounded in early trade on Monday in-tandem with a rally in Asian markets along with buying in blue chip firms HDFC Bank and Reliance Industries. The 30-share BSE Sensex jumped 503.47 points to 71,204.14 points in the…

Asian stocks gain as potential China rescue package lifts mood

A person walks in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm on Jan. 22, 2024, in Tokyo. | Photo Credit: AP Asian shares rose on January 24 on optimism that Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a…

Market capitalisation of 7 of top-10 most-valued firms erode by Rs 1.16 lakh cr; HDFC Bank biggest laggard

Pedestrians walk past the Bombay Stock Exchange (BSE) building, in Mumbai | Photo Credit: PTI The combined market valuation of seven of the top-10 most-valued firms eroded by ₹1.16 lakh crore last week, with HDFC Bank emerging as the biggest laggard. In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37 per…

Equity benchmark indices decline in early trade

Among the Sensex firms, IndusInd Bank, SBI, Tata Steel and Infosys were trading with a gain of up to 1.84%. HCL Tech, JSW Steel and PowerGrid were other major gainers. | Photo Credit: Reuters Equity benchmark indices witnessed a see-saw movement in the early trade on January 24 amid high volatility, as investors rushed to…

Sensex surges 690 points to reclaim 71k level

The BSE logo at the Asia’s oldest bourse in Mumbai. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty rebounded sharply by 1% on Wednesday after sliding for the past two sessions, propelled by bargain hunting in metal, commodity and telecom stocks. Trading through a patchy track in the opening session, the 30-share…

Rupee opens on a flat note against US dollar in early trade

The rupee opened on a flat note against the US dollar in the morning session on Thursday, January 25, 2024, mid a muted trend in domestic equities. Forex traders said the rupee is trading in a narrow range as rising crude oil prices, strong American currency, and sustained foreign fund outflows dented sentiments. At the…

Sensex declines 359 points on selling in IT shares, foreign fund outflows

The 30-share BSE Sensex fell by 359.64 points or 0.51% to settle at 70,700.67. | Photo Credit: PTI Benchmark Sensex declined by 359 points while Nifty closed below the 21,400 level on January 25 due to selling in IT shares and continuous foreign fund outflows. The 30-share BSE Sensex fell by 359.64 points or 0.51%…

Rupee settles 1 paisa higher at 83.11 against U.S. dollar

The rupee traded on a flat note amid weak domestic markets and rising crude oil prices. Image for representation purposes only. File | Photo Credit: Getty Images/iStockphoto The rupee rose 1 paisa in a range-bound trade to close at 83.11 (provisional) against the U.S. dollar on January 25, as the support from weak American currency…

Markets declines 227 points in early trade dragged by IT stocks, foreign fund outflows

Benchmark equity indices declined in early trade on Thursday, January 25, 2024, dragged by IT stocks and continuous foreign fund outflows. The 30-share BSE Sensex declined 227.72 points to 70,832.59. The Nifty dipped 55.7 points to 21,398.25. Among the Sensex firms, Tech Mahindra fell nearly 4 per cent after the company on Wednesday reported a…

Rupee settles two paise higher at 83.13 against U.S. dollar

On January 23, the Rupee had settled at 83.15 against the U.S. dollar. File | Photo Credit: The Hindu The Rupee stayed range-bound and settled two paise (provisional) higher at 83.13 against the U.S. dollar on January 24. Forex traders said the Rupee is trading in a narrow range as positive domestic markets and a…

Rupee opens on a flat note against U.S. dollar in early trade

At the interbank foreign exchange, the Rupee opened at 83.15 against the dollar, then rose to 83.14, registering a rise of one paisa over its previous close. | Photo Credit: The Hindu The Rupee opened on a flat note and appreciated one paisa to 83.14 against the U.S. dollar in the morning session on January…

Rupee falls 9 paise to close at 83.16 against U.S. dollar

File. | Photo Credit: C. Venkatachalapathy The rupee depreciated 9 paise to 83.16 (provisional) against the U.S. dollar, as elevated crude oil prices and weak domestic equities weighed on investor sentiments. Forex traders said foreign fund outflows also put pressure on the rupee. However, a weak U.S. Dollar overseas cushioned the downside. At the interbank…

India overtakes Hong Kong to become fourth-largest stock market

A bronze replica of the Charging Bull of Wall Street, inside the premises of the Bombay Stock Exchange (BSE) in Mumbai. File photo | Photo Credit: REUTERS The Indian stock market has pipped Hong Kong to become the fourth-highest equity market globally, Bloomberg reported. The combined value of shares listed on Indian exchanges reached USD…

Stock markets recover after 3 days of loss; ICICI, Airtel major movers

Pedestrians walk past the Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Benchmark Sensex rebounded 496 points while Nifty closed above the 21,600 level on Friday as buying in heavyweight stocks and a firm trend in global markets helped indices cut short three days of losses. The 30-share BSE Sensex jumped…

Ayodhya Ram Mandir Pran Pratishtha: Stock markets to remain shut on January 22, to have normal trading session on January 20

The stock exchanges NSE and BSE on January 19 said there will be normal trading sessions on January 20 and a trading holiday on January 22, in view of the Prana Prathishta of Lord Ram Temple in Ayodhya. Earlier, the bourses were scheduled to hold special trading sessions in the equity and equity derivative segment…

Mcap of five of top-10 most valued firms erode by ₹1.67 lakh crore

A file photo of the Bombay Stock Exchange on Dalal Street, Mumbai | Photo Credit: Paul Noronha The combined market valuation of five of the top 10 valued firms eroded by ₹1,67,936.21 crore last week, with HDFC Bank emerging as the biggest loser. Last week, the 30-share BSE benchmark fell by 1,144.8 points 1.57%. The…

FPIs turn cautious, pull out ₹13,000 crore from Indian stocks in January

File. | Photo Credit: Reuters Foreign investors have adopted a cautious approach this month, offloading domestic equities worth ₹13,000 crore in the first three weeks owing to high valuations of Indian stocks and surging U.S. bond yields. In contrast, foreign investors are bullish on the debt market and injected ₹15,647 crore in the debt market…

Sensex, Nifty end lower; FMCG, IT stocks top drags

Benchmark indices Sensex and Nifty pared initial gains and settled lower on Saturday due to selling in FMCG and IT shares. The 30-share BSE Sensex fell by 259.58 points or 0.36% to settle at 71,423.65 as 24 of its components declined and six advanced. The Nifty declined 50.60 points or 0.23% to 21,571.80. Among the…

Sensex gains 250 points, Nifty nears 21,700 level in early trade

File. | Photo Credit: PTI Equity benchmark indices opened on a positive note on January 20, with Sensex rising 250 points on the back of an uptick in financial stocks. The 30-share BSE Sensex rose 250.08 points or 0.35% to 71,933.31 points in early trade. The Nifty climbed 75.80 points or 0.35% to 21,698.20 points.…

Money markets to open at 2.30 p.m. on January 22: RBI

A logo of RBI inside its office in New Delhi. File | Photo Credit: Reuters The Reserve Bank of India (RBI) on January 19 said money markets will open at 2.30 p.m. instead of 9 a.m. on January 22, with the government announcing a half-day holiday in connection with the consecration of the Ram temple…

Markets rebound in early trade after three days of fall

Benchmark equity indices rebounded in early trade on Friday, January 19, 2024 after three days of fall, helped by buying in bank and IT stocks, along with a firm trend in the US markets. The 30-share BSE Sensex jumped 657.45 points to 71,844.31 in early trade after a firm beginning. The Nifty climbed 194.75 points…

Rupee rises 2 paise to 83.12 against U.S. dollar

Analysts said the dollar retreated after the U.S. data released on Wednesday showed increased retail sales in the country. | Photo Credit: REUTERS The rupee appreciated 2 paise to settle at 83.12 (provisional) against the U.S. dollar on Thursday, tracking a weak American currency against major rivals overseas. A weak trend in domestic equity markets…

Rupee falls 1 paisa to 83.15 against U.S. dollar in early trade

Image for representational purposes only. | Photo Credit: Reuters The rupee slipped 1 paisa to 83.15 against the U.S. dollar in early trade on Thursday amid rising crude oil prices and withdrawal of foreign funds. Despite a weak American currency against major overseas rivals, negative sentiment in domestic equity markets kept the Indian currency under…

Stock markets in free-fall: Sensex tanks 1,628 points on sharp losses in banking, oil shares

Among the Sensex firms, HDFC Bank fell more than 8% after its December quarter earnings failed to cheer investors. | Photo Credit: Reuters Benchmark Sensex nosedived 1,628 points or 2.23% on January 17, marking its biggest single-day slide in more than one-and-a-half years following an intense sell-off in banking, metal and oil shares triggered by…

Rupee falls 3 paise to 83.15 against U.S. dollar in early trade

File. | Photo Credit: Reuters The rupee depreciated 3 paise to 83.15 against the U.S. dollar on January 17, tracking a strong greenback against major rivals overseas and massive selling in domestic equity markets. However, inflow of foreign funds in domestic equity markets and softening crude oil prices in the international markets resisted a steep…

Rupee plunges 23 paise to 83.09 against U.S. dollar

File. | Photo Credit: C. Venkatachalapathy The rupee slumped 23 paise to 83.09 (provisional) against the U.S. dollar on January 16, as a strong greenback against major rivals overseas and negative equity market dented investor sentiment. Besides, volatile crude oil prices in the international markets weighed on the domestic currency, Forex traders said. At the…

Rupee falls 11 paise to 82.97 against U.S. dollar in early trade

Image for representation | Photo Credit: C. Venkatachalapathy The rupee reversed its nine-day upward movement and depreciated 11 paise to 82.97 against the US dollar in early trade on Tuesday, tracking a strong American currency against major overseas rivals and subdued equity market sentiment. Some inflow of foreign funds supported the rupee which was weighed…

Sensex jumps 759 points to close at record high; Nifty scales 22K

Benchmark Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed on the record-breaking run powered by a rally in IT shares, Reliance and HDFC Bank. Rising for the fifth day in a row, the 30-share BSE Sensex jumped 759.49 points…

Rupee rises 18 paise to 82.77 against U.S. dollar in early trade

Image for representation | Photo Credit: R. Ragu The rupee appreciated 18 paise to 82.77 against the US dollar in early trade on Monday, supported by bullish domestic equities wherein domestic indices touched record highs. At the interbank foreign exchange, the rupee opened at 82.82 and touched 82.77 against the dollar in initial trade, registering…

Rupee falls four paise to 83.17 against U.S. dollar in early trade

The range-bound movement in the Indian currency was attributed to investors’ concern over upcoming inflation numbers of India as well as the U.S. to be released this week. | Photo Credit: The Hindu The Rupee depreciated four paise to 83.17 against the U.S. dollar in early trade on January 10 amid selling of equities by…

Late buying helps Sensex jump 270 points; RIL, ICICI Bank shine

Equity benchmark indices Sensex and Nifty bounced back from intra-day lows to settle higher on Wednesday, supported by a fag-end buying in market heavyweights Reliance Industries, ICICI Bank and HDFC Bank. After a muted opening, the BSE benchmark swung between gains and losses before settling 271.50 points or 0.38% higher at 71,657.71. The index hit…

Sensex climbs 341 points in early trade

Stock traders look at share prices on a screen at a brokerage house in Mumbai. File photo | Photo Credit: The Hindu Benchmark equity indices climbed in early trade on Thursday, January 11, 2024 amid a rally in global markets and buying in Reliance Industries. The 30-share BSE Sensex jumped 341.76 points to 71,999.47 in…

Rupee falls 4 paise to 83.05 against U.S. dollar

Image for representational purposes only. | Photo Credit: Getty Images The rupee breached its seven-day gaining streak and depreciated 4 paise to 83.05 against the U.S. dollar in early trade on January 12 as foreign investors rushed to withdraw funds amid a sharp rise in crude oil prices. Despite a weak American currency and surging…