MUMBAI: On Thursday, the benchmark Sensex for Indian equities fell 290 points to close below the 58,000 level following a sell-off in sectors related to banking, finance, and IT amid a sluggish trend in European equities.Meanwhile, intense selling pressure in Reliance Industries, an index heavyweight, increased the pressure, according to brokers.The 30-share BSE Sensex dropped…
BENGALURU: In response to a slew of temporary relief provided by moves to stabilise the global banking sector, financials stocks rose, and Indian markets ended the day higher.The S&P BSE Sensex increased 0.77% to 58,074.68 while the Nifty 50 index closed 0.70% higher at 17,107.50, marking their largest single-day advances since the failure of Silicon…
MUMBAI: Despite weak global cues, the key equity indices Sensex and Nifty rose in early trade on Tuesday. The 30-share BSE Sensex increased 205.55 points or 0.35 percent to 58,443.40 points during tumultuous trading, while the wider NSE Nifty increased 44 points or 0.26 percent to 17,198.30 points.Twenty stocks were trading up while ten were…
September 18, 2024 New Delhi, India MSCI IMI Gauge India has emerged as the largest emerging market in the MSCI Investable Market Index (IMI), surpassing China for the first time, according to a Morgan Stanley report. This achievement is expected to attract foreign fund inflows of ₹37,000 crore to Indian equities. Key Highlights: India’s Weightage…
September 16, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded on a weaker note during Monday’s early European session, despite a softer US Dollar (USD). The combination of declining crude oil prices, strong foreign institutional inflows (FII) into Indian stock markets, and firm bets on a potential Federal Reserve rate cut later…
August 16, 2024 New Delhi, India Rupee Analysis(USDINR) The Indian rupee held its ground at 83.94 against the US dollar in early trade on Friday, maintaining stability despite ongoing concerns over high crude oil prices and foreign capital outflows. The rupee’s performance was bolstered by positive sentiment in both domestic and global equity markets, as…
August 12, 2024 New Delhi, India Adani Shares Crash Shares of Adani Group companies faced significant declines on Monday after Hindenburg Research alleged that SEBI Chairperson Madhabi Puri Buch had a stake in offshore entities involved in a money siphoning scandal linked to the Adani Group. The fresh allegations have led to a sharp sell-off,…
August 9, 2024 New Delhi, India Ola Electric Shares Surge Ola Electric made a muted debut on the Indian stock market today, with shares listing at ₹76 apiece on the NSE and ₹75.99 on the BSE, reflecting a flat start compared to the issue price. Despite the initial lackluster performance, the stock saw a notable…
August 7, 2024 New Delhi, India FPI Investments Foreign Portfolio Investors (FPIs) have significantly increased their investments in the Indian stock market, with notable inflows into the Information Technology (IT) sector. This article explores the details of FPI activities in July, including sector-wise inflows and outflows, and their impact on the Indian equity market. FPI…
August 5, 2024 New Delhi, India The Indian Rupee faced a severe drop, hitting an all-time low of 83.80 against the US dollar on August 5. This decline is attributed to a significant downturn in Indian equity markets and substantial foreign fund outflows, compounded by global market uncertainties. Key Factors Influencing the Rupee’s Decline: Opening…
