In early January 8 trading, the Indian rupee fell 9 paise to a record low of Rs 85.83 versus the US dollar, which is 0.069 percent less than the all-time low of Rs 85.77 reached on January 4. The strengthening of the US dollar and the increase in the price of crude oil caused the…
Intense selling pressure on Dalal Street on Monday caused major indexes to plummet as worries about third-quarter profits and the recent HMP virus worry grew. With more losses, the 30-share BSE benchmark Sensex fell 1,258.12 points, or 1.59 percent, to settle at 77,964.99. This was below the 78,000 barrier. It fell 1.81 percent, or 1,441.49…
Concerns over the third-quarter earnings season and the high valuations of domestic companies caused foreign investors to withdraw Rs 4,285 crore from Indian stocks during the first three trading days of the month. Data from the depositories indicated that Rs 15,446 crore was invested throughout December. This emotional change coincides with internal and international challenges….
The growing interest in the unlisted sector has led to several smaller businesses using creative strategies to reach small investors. Sensex and Nifty are examples of benchmarks that follow the trend of the unlisted market, and low-ticket investment value is another. Notable companies in the index include Tata Capital, NSE India, Boat, Capgemini, and PharmEasy….
Due to strong auto sales data, stronger GST revenues, and FII purchases over the week, the Indian equity market resumed its winning streak for the second week. However, Friday’s sell-off wiped out part of the weekly gains. The BSE Sensex increased 524.04 points, or 0.66 percent, to settle at 79,223.11 this week, while the Nifty50…
A survey from “Great Place to Work” predicted that by 2028, the healthcare industry in India would have grown to $320 billion. By 2030, the biotechnology industry hopes to reach $300 billion, while the pharmaceutical industry anticipates reaching $130 billion. According to the research, strong worldwide expansion, heightened industry consolidation, and the influx of investments…
With the December Purchasing Managers’ Index (PMI) falling to 56.4, India’s manufacturing activity ended the year at a 12-month low and had its weakest growth rate of 2024, according to statistics provided by S&P Global on Thursday. This suggested that the improvement in operating conditions was less pronounced. Although the headline number was lower than…
In early trading on Wednesday, the Indian rupee marginally declined in value relative to the US dollar, closing at 85.6725 against the US dollar, down from 85.6150 at the close of the previous session. A major factor in the depreciation is the demand for dollars, primarily from importers. The Indian rupee has been steadily declining…
The last trading day of 2024, December 31, saw a mixed trend for the benchmark indices, the Nifty and Sensex. Due to market pressure from IT giants, Sensex stayed in the red while Nifty managed to fight its way into the green. Some respite was offered by gains in oil and gas, pharmaceutical, and PSU…
The company announced in an exchange filing on Monday That It plans to withdraw from Adani Wilmar, the FMCG joint venture between its subsidiary Adani Commodities LLP (ACL) and Wilmar International-owned Lence Pte, to concentrate investments on its core infrastructure business. It stated that the $2 billion raised from selling its Adani Wilmar stake would…
