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IEX Reports Higher Electricity Traded Volumes in Q1 | M&M Finance Reports Strong Disbursement Growth | Top Buzzing Stocks Today - Equitymaster
IEX Reports Higher Electricity Traded Volumes in Q1 | M&M Finance Reports Strong Disbursement Growth | Top Buzzing Stocks TodayEquitymaster
INR settles higher as the dollar index retreats from its recent 15-month high
The Indian rupee appreciated 14 paise to close at 95.21 (provisional) against the US dollar on Friday as the dollar index retreated from its recent 15-month high levels and mirrored positive domestic equities. Indian shares rose for a third straight session on Friday, even as markets ended off their day's highs due to profit booking at higher levels. Underlying sentiment was underpinned by the recent fall in crude prices to near pre-conflict levels and reduced expectations that the U.S. Federal Reserve will raise interest rates in the coming months. Overnight data showed U.S. jobs growth slowed sharply in June, and the two prior months' data were revised lower, raising expectations that the Fed will hold rates this month and potentially in September. However, despite a weaker dollar index and lower crude oil prices, the rupee is facing pressure from robust dollar demand from importers and corporate hedgers. At the interbank foreign exchange market, the rupee opened at 95.20 against ..
Hitachi Energy, GE Vernova, Siemens Energy, other power equipment stocks crash up to 10%. Here’s why
Indian power sector stocks plunged Friday as reports emerged of a two-year exemption granted to four Chinese electrical equipment firms for government tenders. This move, aimed at easing project delays, allows companies like TBEA Energy and Nanjing Electric India to participate, despite earlier restrictions following the 2020 border clash. The exemption, however, is not to be treated as a precedent.
Smart investing: 11 stocks that retail investors bought for 3 quarters delivered up to 380% returns
Smart investing paid off for many retail investors who consistently increased their stake in 11 select stocks over three quarters. These companies, spanning diverse sectors like energy, engineering, and technology, delivered impressive returns, with some soaring over 380%. This trend highlights a strategic approach by individual investors, moving beyond mere momentum chasing to achieve significant gains in the Indian equity market.
India refiner Nayara's gasoline sold to Russia via traders, sources say
Indian refiner Nayara Energy's gasoline is reportedly reaching Russia, which faces fuel shortages due to Ukrainian attacks. While Indian Oil Minister stated no direct sales, traders might be facilitating these shipments. Nayara, with a stake held by Russian oil major Rosneft, has been processing exclusively Russian crude and relying on traders for fuel exports since EU sanctions complicated its dealings.
FIIs remain net sellers for fourth straight session; DIIs continue buying
Foreign institutional investors (FIIs) remained net sellers in the Indian equity market on Thursday, offloading shares worth ₹311.82 crore, according to provisional exchange data. Domestic institutional investors (DIIs), meanwhile, continued to support the market, emerging as net buyers to the tune of ₹1,784.40 crore.
Indian Oil Corporation Ltd spurts 1.49%
Indian Oil Corporation Ltd is quoting at Rs 141.92, up 1.49% on the day as on 12:49 IST on the NSE. The stock is down 4.02% in last one year as compared to a 5.02% drop in NIFTY and a 9.03% drop in the Nifty Energy index.
NPCI partners with HSBC India to enable real-time FX settlement for global UPI payments
Exciting news for Indian travelers! A groundbreaking partnership between NPCI and HSBC India is set to streamline international UPI payments. Now, users can access real-time foreign exchange rates while shopping abroad, making it easier to see INR costs upfront.
Bijay Kumar Mohanty assumes additional charge as CMD, IREDA
India's state owned Indian Renewable Energy Devlopment Agency (IREDA) on Wednesday, says its director of Finance, Bijay Kumar Mohanty who has assumed additional charge of Chairman and Managing Director on July 1. He's a fellow member at of the Institute of Cost Accountants of India and has 27 years of experience in the Indian power sector, where he worked with the Central Electricity Supply Company of Odisha Ltd (CESCO) and Grid Corporation of Odisha Ltd (GRIDCO).
India's external financial position improves in FY2025-26
At the end of March 2026, net claims of non-residents on India declined by US$ 52.4 billion to US$ 209.9 billion during the January-March quarter. The improvement was driven by a US$ 40.1 billion decline in foreign-owned assets in India and a US$ 12.3 billion increase in Indian residents overseas financial assets. Exchange rate movements also affected the value of liabilities in US dollar terms.
RBI's New collateral rule is a 'death knell' for prop trading, warns Crosseas Capital MD
Rajesh Baheti, Managing Director of Crosseas Capital Services, estimated that Indian broking houses and domestic high-frequency trading (HFT) firms account for 30% to 35% of total exchange turnover. He said the new collateral requirements could reduce activity in this segment by 30% to 35%, resulting in an estimated 10% to 12% decline in overall daily trading volumes.
Green Energy Stocks Outperform As Indian Benchmark Indices End Lower On June 30 - SolarQuarter
Green Energy Stocks Outperform As Indian Benchmark Indices End Lower On June 30SolarQuarter