The presence of state-run banks curbed weakening in the local currency. Still, consistent interbank dollar bids dampened positive signals from increased risk appetite worldwide, causing the Indian rupee to move in a narrow band on Monday. The rupee was almost steady from its finish of 88.66 in the previous session, closing at 88.6750 against the…
Following a weak first half, benchmark indexes surged in the second half of Thursday on expectations that India and the US had achieved a possible trade agreement, bolstered by comments made by US President Donald Trump. The Nifty jumped 395.20 points (1.60%), regaining the 25,000 peak after a seven-month break, and closed at 25,062.10, while…
On Thursday, benchmark indices resumed their winning run for the fourth straight session, marking a notable shift in market mood. Even better, they experienced their largest gain in four years, rising 4.5% during this week with fewer holidays. While the Nifty increased 414.45 points, or 1.77%, to close beyond the 23,800 mark at 23,851.65, the…
For the second straight session, the domestic main equity indices continued to rise, with benchmark indices closing more than 2% higher overall. After US President Donald Trump suspended tariffs, including those on India, for ninety days, the markets recovered. Additionally, the US administration is considering lowering 10% tariffs on cars and auto parts. Indian indices,…
The US president’s unexpected halt on reciprocal tariffs gave investors some respite on the last day of the week. Still, Indian benchmark indexes completed the volatile week ending April 11 with slight losses due to worries over the tariff war. Nifty50 was down by 75.9 points to settle at 22,828.55, while the BSE Sensex index…
On April 9, the Indian financial markets ended the day on a depressing note as the bells sounded to signal the end of the trading session. Investors saw a widespread sell-off as benchmark indexes declined, with major industries like IT, real estate, and PSU Banks leading the way. The Nifty concluded the day at 22,399.15,…
Investors on the Bombay Stock Exchange (BSE) have won Rs 35 lakh crore so far this year in March, with the Sensex rising more than 4,500 points to hover around 78,000. This is the latest success for the Indian stock markets after months of relentless selloff. After a sharp decline following September’s record highs, the…
According to data issued by the Association of Mutual Funds of India (AMFI) on March 12, the net equity mutual fund inflow for February fell 26% from the previous month to Rs 29,303.34 crore. Despite a decline, the net inflow into open-ended equities funds was positive for the 48th consecutive month. Due to a slow…
The key market indices continued their gains from March 5th and ended the session on a high note. While the BSE Sensex experienced a 610-point rally to end at 74,340, the NSE Nifty 50 increased by more than 200 points to land at 22,545. Because Brent crude oil prices dropped below $70 a barrel, commodities…
Benchmark indices, the Sensex and Nifty 50, ended the market’s decline by staging a robust recovery from oversold territory, ending the March 5 session with gains of about 1%. In addition, the Nifty 50 is poised to end its 10-day losing streak, which is a first for the market. Outpacing losses in a few index…
