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INR settles lower as prolonged West Asia crisis poses a major risk for India; RBI eyed
The Indian rupee depreciated 7 paise to close at 95.83 (provisional) against the US dollar on Thursday, as heightened geopolitical tensions between the US and Iran drove energy volatility and aggressive safe-haven buying. The prolonged West Asia crisis poses a major risk for India, which relies heavily on energy imports. Market participants are now turning their attention to the Reserve Bank of India's MPC rate decision on June 5, as inflation, growth and the rupee are under focus. The six-member MPC, headed by RBI Governor Sanjay Malhotra, will announce its decision on June 5. Indian equity benchmarks ended flat but resilient today, recovering from early intraday losses. The NSE Nifty 50 closed marginally higher by 10.95 points (0.05%) at 23,416.55, while the BSE Sensex inched up 13.84 points (0.02%) to finish at 74,360.01. The primary catalysts for the market recovery were breaking news of potential tax concessions for foreign institutional investors (FIIs) and tentative signs of ..
ET Alpha Wealth Summit: A 12% return is a really good job in markets, says HSBC MF CEO Kailash Kulkarni
HSBC Mutual Fund CEO Kailash Kulkarni urged investors to keep return expectations realistic, saying a 12% annual return is a strong outcome in equity markets. Speaking at the ET Alpha Wealth Summit, he highlighted export-led manufacturing as a key long-term opportunity and said AI could empower retail investors through better access to information.
Barometers trade near flatline; auto shares advance
At 11:30 IST, the barometer index, the S&P BSE Sensex, rose 63.78 points or 0.09% to 74,404.26. The Nifty 50 index rose 8.10 points or 0.04% to 23,414.25.
Markets reverse all gains; broader market outperforms
At 11:30 IST, the barometer index, the S&P BSE Sensex, shed 44.78 points or 0.06% to 74,301.39. The Nifty 50 index lost 18.20 points or 0.08% to 23,387.80.
Markets recover early losses; Nifty reclaims 23,400 level
At 10:30 IST, the barometer index, the S&P BSE Sensex, rose 114.46 points or 0.15% to 74,460.63. The Nifty 50 index added 22.10 points or 0.09% to 23,430.20.
INR continues to stay pressured near record lows
The Indian rupee continues to stay pressured near record low levels in opening trades on Thursday, as strong dollar demand, surging crude oil prices, geopolitical tensions, and relentless foreign capital outflows dented investor sentiments. Meanwhile, the US Trade Representative proposed a 12.5 per cent additional duties on Indian imports, citing labour violations, further weighing on the counter. INR opened at Rs 95.70 per dollar and hit a low of 95.75 so far during the day, yesterday, the pair settled lower at 95.72. Muted local equities also failed to support the local unit. The BSE Sensex is trading at 74,191.65 (down 0.21%) and the NSE Nifty 50 stands at 23,322.60 (down 0.35%), extending losses due to escalating conflicts in West Asia, surging Brent crude oil prices and sustained foreign portfolio investor (FPI) selling.
Barometers nudge in early trade; Nifty trades below 23,350 mark
At 09:30 IST, the barometer index, the S&P BSE Sensex, dropped 255.55 points or 0.34% to 74,090.62. The Nifty 50 index fell 87.45 points or 0.33% to 23,330.45.
Newgen Software Technologies Ltd Falls 4.65%, BSE Information Technology index Drops 1.18%
Newgen Software Technologies Ltd has added 0.76% over last one month compared to 0.02% fall in BSE Information Technology index and 4% drop in the SENSEX
Elgi Equipments Ltd Spikes 1.98%
Elgi Equipments Ltd has added 12.89% over last one month compared to 1.62% gain in BSE Capital Goods index and 4% drop in the SENSEX
Growing geo-political tensions dampen rupee sentiments; US proposes fresh tariff on India
The Indian rupee depreciated 35 paise to close at 95.72 (provisional) against the US dollar on Wednesday, after the US Trade Representative proposed a 12.5 per cent additional duties on Indian imports, citing labour violations. Besides, a strong dollar demand, surging crude oil prices, geopolitical tensions, and relentless foreign capital outflows dented investor sentiment further. At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, then touched an intraday low of 95.80 and finally ended the session at 95.72 (provisional), down 35 paise from its previous close. The Indian equity benchmarks closed lower after a volatile session, with the BSE Sensex falling 303.67 points (0.41%) to settle at 74,346.17 and the NSE Nifty 50 dropping 77.95 points (0.33%) to end at 23,405.60.
NMDC, Fineotex Chemical among 6 commodities stocks that hit a 52-week highs & rallied up to 89% in a month
Despite a 303-point decline in the Sensex, six BSE Commodities index stocks touched fresh 52-week highs. Fineotex Chemical, Nitta Gelatin India, Balaji Amines, Rain Industries, GOCL Corporation and NMDC outperformed the broader market, signaling strong momentum and sustained investor confidence.
Stock Market Highlights Today: BSE Sensex closes over 300 points down, Nifty50 above 23,400 on mixed global cues - The Times of India
Stock Market Highlights Today: BSE Sensex closes over 300 points down, Nifty50 above 23,400 on mixed global cuesThe Times of IndiaSensex tumbles over 1,100 points, Nifty below 23,200. 6 key factors behind today's D-Street routThe Economic TimesSensex settles 850 pts higher from day's low, Nifty reclaims 23,400: Three key reasons behind sharp market...Moneycontrol.com