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IEX share price surges over 3% following board's approval to launch Coal Exchange
Indian Energy Exchange shares surged 3% as it announced in-principle approval for a Coal Exchange. February saw a 30.4% growth in electricity trading volume to 12,550 million units and a 15.2% increase in renewable energy certificates traded.
Electric mobility stocks led by JBM Auto surge up to 14% on strong volumes
JBM Auto's shares are also the third-most traded on the Nifty 500 currently, behind HDFC Bank and Eternal.
INR settles at new lifetime low as soaring oil prices dampen sentiments
The Indian rupee declined 14 paise to settle at an all-time low of 92.42 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve's interest rate decision. Indian stock markets closed significantly higher for the second consecutive session, driven by gains in auto and metal sectors despite volatility. The Sensex jumped 568 points (0.75%) to close at 76,071, while the Nifty 50 added over 172 points (0.74%) to end at 23,581, rebounding after recent sharp losses. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at a new lifetime low of 92.42.
Sensex Today | Stock Market Highlights: Dalal Street rises for 2nd day; Sensex gains 568 pts, Nifty ends close to 23,600
Sensex Today | Stock Market LIVE Updates: The markets appear to have overcome the qualms, as the Nifty is trading with a rise of around 150 points and now above 23,500. The Nifty Bank index is down about 200 points, falling towards the 54,000 mark. Tata Steel, Eternal and M&M are among the biggest gainers.
Top Gainers & Losers on Mar 17: Nalco, SAIL, Eternal, Syrma SGS, BSE, TVS Motor, Tata Steel among top gainers
The Indian stock market rose for the second consecutive day on March 17, with Nifty 50 gaining 0.74% and Sensex up 0.65%. Recovery in metal and auto stocks offset losses in tech sectors amid ongoing inflation concerns affecting equities.
Vodafone Idea, MRPL, YES Bank, Eternal— These are among the top most traded stocks on the NSE today
Vodafone Idea, Tata Silver Exchange Traded Fund, Mangalore Refinery and Petrochemicals (MRPL), YES Bank, Eternal, ITI, Dharan Infra-EPC, and Adani Power were among the most traded stocks, or most active stocks in terms of volume, on the NSE.
Bulls in Action! Sensex jumps 600 points, Nifty settles near 23,600: 5 factors behind today's D-St rally
Indian stock markets, including the Sensex and Nifty, initially surged on hopes of the Strait of Hormuz reopening. However, gains were largely erased by mid-morning, with IT stocks experiencing significant declines. While some sectors like Pharma and Auto saw modest gains, the overall market traded near flat.
Market Bounce or Bull Trap? Nifty Recovers Sharply as Reliance, Ola Electric, Tata Motors Drive Stock-Specific Action - NiftyTrader
Market Bounce or Bull Trap? Nifty Recovers Sharply as Reliance, Ola Electric, Tata Motors Drive Stock-Specific ActionNiftyTrader
Sebi eases settlement guarantee norms for commodity derivatives clearing corporations
The Securities and Exchange Board of India has revised Core Settlement Guarantee Fund norms for commodity clearing corporations, requiring stress scenarios of three member defaults. The regulator also allowed mutual funds to undertake intraday borrowing to manage temporary liquidity mismatches.
INR hits fresh lifetime low of 92.47 during intraday moves
The Indian rupee ended the day almost flat on Monday to settle at 92.28 per dollar. The currency hit a fresh record low of 92.47 during intraday moves amid surging crude oil prices and incessant withdrawal of foreign funds triggered by geopolitical uncertainties. The local currency, however, resisted a sharp fall backed by a significant recovery in domestic equity markets amid hopes of the reopening of the Strait of Hormuz. Indian benchmark indices rebounded strongly, closing higher after a three-day slump. The BSE Sensex jumped by 938.93 points (1.26%) to settle at 75,502.85, while the NSE Nifty 50 gained 257.70 points (1.11%) to close at 23,408.80. At the interbank foreign exchange, the local unit opened at 92.44 and touched its lowest-ever intra-day level of 92.47 against the greenback during the session.
Vodafone Idea, IDBI Bank, YES Bank— These are among the top most traded stocks on the NSE today
Vodafone Idea, IDBI Bank, YES Bank, Tata Silver Exchange Traded Fund, Tata Gold Exchange Traded Fund, Suzlon Energy, and Adani Power were among the most traded stocks on the NSE.
INR tumbles to new lifetime lows; Benchmark indices melt amid West Asia conflict and escalating oil prices
The Indian rupee slumped to close at a fresh record low of 92.37 (provisional) against the US dollar on Friday as crude oil prices crossed USD 101/barrel amid the raging West Asia conflict. A stronger greenback, heavy foreign fund outflows and sustained selling in the domestic equity markets further weighed on the rupee. At the interbank foreign exchange, the local unit opened at 92.33 and kept losing ground to hit a fresh intra-day low of 92.47 against the US dollar. It eventually settled at its lifetime low of 92.37 (provisional), down 11 paise from its previous close. Indian shares plunged on Friday to extend their recent string of losses as oil prices climbed back above $100 a barrel amid an ongoing conflict in West Asia involving Iran, Israel and the United States. The Sensex dropped by 1,470 points to close at 74,563, while the Nifty 50 fell 488 points, settling at 23,151.