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Don’t bet against the Indian rupee now! DSP Mutual Fund says the currency is undervalued - 5 reasons why
The Indian rupee's decline has raised concerns among investors. However, DSP Mutual Fund suggests that the rupee is undervalued, citing strong macroeconomic indicators that favor Indian assets.
Gift Nifty tumbles nearly 2% after US-Iran exchange strikes in latest escalation
Gift Nifty 50 futures fell sharply, indicating that Indian markets are likely to open significantly lower on Friday. The decline followed fresh U.S. strikes on an Iranian military site, which intensified geopolitical tensions despite ongoing diplomatic talks between Washington and Tehran to resolve their three-month conflict.
Stock markets decline for 2nd day on selling in oil, gas, banking shares
Stock markets closed lower for the second consecutive day on Wednesday as investors remained cautious amid conflicting geopolitical signals from the West Asia and fresh foreign fund outflows. In a volatile trade, the 30-share BSE Sensex declined 141.90 points, or 0.19 per cent, to settle at 75,867.80, with 20 of its constituents ending higher and 10 with losses. During the day, it hit a high of 76,224.68 and a low of 75,748.21, gyrating 476.47 points. The 50-share NSE Nifty skidded 6.55 points, or 0.03 per cent, to end at 23,907.15. Sensex had dropped by 479.26 points and Nifty by 118 points on Tuesday. Financials, oil & gas, IT and private banking shares were the major drag while energy, metals, and auto shares advanced, capping the downside. Among 30 Sensex firms, HDFC Bank fell the most by 2.63 per cent. Infosys, ITC, Hindustan Unilever, Reliance Industries and ICICI Bank were also among the major laggards. Power Grid, Eternal, NTPC and Tata Steel were the major ...
Lord’s Mark Industries receives BSE listing approval under PPIRP
Lord's Mark Industries Ltd. achieved a historic first, securing stock exchange listing approval under India's IBC scheme of PPIRP. This significant milestone, expected to see trading commence around June 2026, underscores the company's successful restructuring and future growth ambitions. Driven by a vision inspired by Ratan Tata, the company aims to contribute to national progress across key sectors.
INR settles on flat note amid renewed tensions between the US and Iran
The Indian rupee settled on a flat note, higher by 2 paise at 95.68 (provisional) against the US dollar on Wednesday, as renewed tensions between the US and Iran and delays in negotiations kept investors cautious. Meanwhile, an uptick in American currency and weak domestic markets also pressured the rupee. Attention has shifted toward the upcoming RBI Monetary Policy Committee meeting scheduled between June 3 and 5. At the interbank foreign exchange market, the rupee opened at 95.60 against the US dollar, and touched an intra-day low of 95.79 against the American currency. The BSE Sensex settled 141.90 points (0.19%) lower at 75,867.80, while the NSE Nifty 50 marginally dipped 6.55 points (0.03%) to close at 23,907.15.
Indices trade with small cuts; IT share decline for 2nd day
The Nifty traded below the 23,900 level. Financial Services shares extended losses for second consecutive trading session.
Do you know what an Offer for Sale (OFS) is? Here's a complete guide
An Offer for Sale (OFS) allows current shareholders to divest ownership in a publicly traded company via the stock exchange. It differs from an IPO as it does not issue new shares, preventing equity dilution and providing a quicker execution process.
Monetise idle household gold, ease compliance burden to build Viksit Bharat: Kotak MF's Nilesh Shah
Nilesh Shah of Kotak Mutual Fund suggests India must unlock its vast household gold reserves. He also calls for easing business regulations. These steps are crucial for India's development. He highlighted significant gold imports and the potential of gold financing. Entrepreneurs are driving innovation despite challenges. Support for businesses is vital for global competition.
Tata Consultancy Services Ltd eases for fifth straight session
Tata Consultancy Services Ltd is quoting at Rs 2269.7, down 0.29% on the day as on 13:19 IST on the NSE. The stock tumbled 35.11% in last one year as compared to a 3.49% slide in NIFTY and a 23.02% fall in the Nifty IT index.
Tata Power Company Ltd gains for third straight session
Tata Power Company Ltd is quoting at Rs 427.5, up 1.56% on the day as on 12:49 IST on the NSE. The stock is up 7.86% in last one year as compared to a 3.32% slide in NIFTY and a 14.75% slide in the Nifty Energy index.
Tata Steel Ltd gains for fifth session
Tata Steel Ltd is quoting at Rs 214.82, up 2.07% on the day as on 12:44 IST on the NSE. The stock is up 33.23% in last one year as compared to a 3.3% drop in NIFTY and a 48.48% drop in the Nifty Metal.
Nifty Metal index soars 3%; Nalco, Hindalco, Tata Steel rally up to 5%
Since April, the Nifty Metal index has zoomed 25 per cent, as against 7.2 per cent gain in Nifty 50.