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INR crashes to new record low beyond 92.60 mark; Positive equities fail to cap losses
The Indian rupee crashed to fresh lifetime lows on Wednesday, weighed down by a stronger greenback and sustained FII outflows. The rupee slumped 27 paise to close at a record low of 92.67 (provisional) against the US dollar on Wednesday. Elevated crude oil prices in global markets amid intensifying conflict in West Asia further dampened sentiments. Indian shares ended higher for a third consecutive session but failed to cap losses in the counter. The Sensex rose 633 points to close at 76,704 and the Nifty gaining 197 points to settle at 23,778. At the interbank foreign exchange, the local unit opened at 92.42 against the greenback and traded in the range of 92.41-92.48 for most of the session before losing ground at the fag end to close at its record low.
Supply chain shocks, not AI, driving markets: UBS’ Gautam Chhaochharia
Speaking to CNBC-TV18 at the 21st India Business Leader Awards, UBS’ Gautam Chhaochharia said global factors such as crude price volatility and supply chain disruptions are likely to drive Indian markets in the near term. While prolonged geopolitical tensions could weigh on corporate earnings, he noted that the recent market correction is creating pockets of value, particularly in financials and select consumer stocks.
Want to build immense wealth? Invest in equities the way you buy gold, says Mira Asset's Swarup Mohanty
If you can transfer that ‘buy and hold’ discipline from gold to equity, you will build immense wealth, says Swarup Mohanty, CEO, Mirae Asset Global Investments.
Global markets entering change of eras, but India ticking boxes for FII return: Mirae's Swarup Mohanty
Structural shifts in the dollar, oil markets and global geopolitics are reshaping investor sentiment, says Mirae Asset’s Swarup Mohanty. But improving earnings, stabilizing currency and strong growth could set the stage for foreign investors to return to India.
Mirae Asset merges Sharekhan lending unit to consolidate NBFC operations
Mirae Asset Financial Services (India) merged with Mirae Asset Sharekhan Financial Services on March 11, enhancing their digital retail and high-value secured lending solutions.
India's kitchens safe amid energy shock, assures Hardeep Puri
As the world grapples with an intense energy upheaval, India remains steadfast in its commitment to its citizens by prioritizing access to cooking fuel. The government is actively protecting LPG supplies while maintaining consumer prices against the backdrop of global market shifts. Crude oil remains in supply, and LPG production has been ramped up to meet demand.
Banks urged to devise low-interest loans for retail, MSME clients
Banks will discuss internally how such schemes can be designed with a uniform loan application and other credit appraisal metrics. The retail loans will cover all consumer loans, including housing loans, subject to prudent lending guidelines, said an official.
India's retail inflation rises to 3.21% in February
Indias retail inflation stood at 3.21% in February, according to data released on Thursday. The Consumer Price Index (CPI)-based inflation had stood at 2.75% in January under the revised CPI series with 2024 as the base year. The latest inflation print comes at a time when tensions involving Iran, Israel and the United States have raised concerns about disruptions to global oil supplies. Year-on-year inflation rate based on All India Consumer Price Index (CPI) with base year 2024 for the month of February, 2026 over February, 2025 is 3.21%(Provisional), the Ministry of Statistics & Programme Implementation stated. Corresponding inflation rates for rural and urban are 3.37% and 3.02%, respectively. Year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of February, 2026 over February, 2025 is 3.47% (Provisional). Corresponding inflation rates for rural and urban are 3.46% and 3.48%, respectively. Year-on-year Housing inflation rate for the ..
India’s luxury split: Hermès grows as Gucci, Dior lose momentum
In 2025, luxury brands in India experienced mixed results, with Gucci and Louis Vuitton reporting falling revenues while Hermès thrived. Economic uncertainty and inflation affected consumer spending, leading to a preference for heritage goods over fast-fashion items, according to industry experts.
D-St bulls, rupee regain ground amid global oil price rollercoaster
Indian stocks and the rupee saw a strong rebound on Tuesday. This recovery followed a significant drop in crude oil prices. Asian markets also experienced gains. Traders cut bearish bets as tensions eased. Investors are deploying cash into the market. Sectoral indices mostly climbed, with auto and consumer durables leading the gains. Volatility remains a concern for the market.
CCL Products, Sai Life Sciences on Mayuresh Joshi’s watchlist for earnings strength
Mayuresh Joshi, Director of Research at Marketsmith India, is watching earnings-resilient sectors such as consumer discretionary, banking, and pharmaceuticals as market remains volatile. Along with CCL Products and Sai Life Sciences, Strides Pharma Science and ICICI Bank are on his watchlist, while Vishal Mega Mart remains a domestic consumption play worth tracking.
FMCG companies weigh shrinking pack sizes, hiking prices to absorb crude shock
Fast-moving consumer goods companies are revisiting packaging strategies. Rising crude oil prices are forcing them to consider reducing product weight or increasing prices. This comes after recent GST cuts had brought relief. Global supply disruptions and inflation are key concerns. Packaging companies are already seeking alternative polymer sources.