Market News
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BSE launches Reits index; Waterways Leisure Tourism sinks on debut
BSE launches a REIT-focused index as mutual funds gear up for new schemes, while Waterways Leisure debuts at a discount and Advit Jewels lists with strong gains
INR slumps back beyond Rs 95 per dollar mark as dollar stays firm; positive local equities cap downside
The Indian rupee depreciated 67 paise to close near a three-week low of 95.23 (provisional) against the US dollar on Wednesday, as a strengthening dollar index weighed on emerging market currencies. The USD/INR pair witnessed significant pressure due to the strengthening of the American currency in the overseas market, persistent capital outflows, and broader Asian currency weakness. Moreover, market sentiment turned highly cautious, following the breach of the psychological level of 95.00. Local equities also rebounded driven by positive global cues, a drop in crude oil prices, and easing geopolitical tensions. The NSE Nifty 50 gained 140.10 points (0.59%) to close at 24,005.85, while the BSE Sensex climbed 443.97 points (0.58%) to settle at 76,922.64.
Sensex, Nifty advance sharply; auto shares extend gains for 2nd day
At 14:28 IST, the barometer index, the S&P BSE Sensex, jumped 563.90 points or 0.72% to 77,042.57. The Nifty 50 index surged 168.70 points or 0.71% to 24,034.45.
Indian markets are not fragile; tepid Q1 earnings priced in: Radhika Gupta
Markets are either portrayed as unstoppable or extremely fragile, whereas the truth generally lies somewhere in between, says Radhika Gupta of Edelweiss Mutual Fund.
Sensex jumps 524 pts; Nifty trades above 24,000 level; VIX slides 1.58%
At 13:28 IST, the barometer index, the S&P BSE Sensex, jumped 524.27 points or 0.69% to 77,002.94. The Nifty 50 index surged 156.35 points or 0.66% to 24,022.10.
Sensex jumps 507 pts; FMCG shares in demand
At 12:30 IST, the barometer index, the S&P BSE Sensex, jumped 507.24 points or 0.65% to 76,995. The Nifty 50 index surged 136.10 points or 0.57% to 24,026.50.
Sensex jumps 494 pts; realty shares advance
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 494 points or 0.65% to 76,972.67. The Nifty 50 index surged 141.60 points or 0.59% to 24,007.35.
Nifty trades above 24,000 level; media shares in demand
At 10:25 IST, the barometer index, the S&P BSE Sensex, jumped 483.26 points or 0.63% to 76,961.93. The Nifty 50 index surged 144.30 points or 0.61% to 24,007.15.
MFs wary of Sebi plan to allow celeb ads, cite mis-selling, edge for big entities
Sebi's proposal to let mutual fund houses use celebrity endorsements has sparked a debate over investor protection and competition. While supporters say it could bring in more first-time investors, critics fear higher mis-selling risks and a growing advantage for large fund houses.
Axis MF unveils digital solution to unlock ₹25 trillion MSME opportunity
Asset manager launches Axis Account Plus, a digital treasury management solution that enables MSMEs to invest surplus working capital seamlessly in liquid and mutual fund schemes
Nifty ends below 23,900 as IT stocks drag; Eicher Motors drops over 4%
The S&P BSE Sensex declined 249.70 points or 0.33% to 76,478.67. The Nifty 50 index fell 80.50 points or 0.34% to 23,865.75. In two consecutive trading sessions, the Sensex dropped 0.80% while the Nifty fell 0.79%.
Sensex, Nifty hover near flatline; broader market outperforms
At 14:30 IST, the barometer index, the S&P BSE Sensex shed 41.76 points or 0.06% to 76,686.61. The Nifty 50 index slipped 8.90 points or 0.04% to 23,936.70.