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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 ..
Sensex ends flat after volatile trade: 5 reasons why broader markets outperformed benchmarks today
The Sensex rose 14 points to close at 74,360, while the Nifty gained 11 points to settle above the 23,400 mark at 23,417. The Nifty Bank index extended gains for the third straight session, rising 122 points to 54,308.
Ceigall India arm inks pact to monetise highway asset for Rs 177-cr
Ceigall India announced that its wholly owned subsidiary, Ceigall Infra Projects has entered into a definitive agreement to divest its stake in Ceigall Malout Abohar Sadhuwali Highways (CMASH) to Neo Infra Income Opportunity Fund.
Punjab & Sind Bank slips for fifth straight session
Punjab & Sind Bank is quoting at Rs 23.38, down 0.13% on the day as on 13:19 IST on the NSE. The stock jumped 5.41% in last one year as compared to a 5.65% slide in NIFTY and a 15.87% spurt in the Nifty PSU Bank index.
Ceigall India signs ₹177 crore definitive pact with Neo Infra Fund for CMASH divestment
Ceigall India has signed a definitive agreement to divest its stake in CMASH to Neo Infra Income Opportunity Fund for ₹177 crore, as part of its infrastructure asset monetisation strategy.
Nifty trades below 23,400 level; European mrkt decline
Consumer durables, realty and pharma shares advanced while metal, private bank and IT shares declined.
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.
ICICI Bank shares fall 10% in 6 months. Here’s why Motilal Oswal sees 41% upside potential
Motilal Oswal Financial Services maintains a 'Buy' rating on ICICI Bank, projecting a 16% loan CAGR and sustained profitability despite recent stock underperformance. The brokerage highlights the bank's robust asset quality, strong liability franchise, and cost leadership, anticipating a significant upside potential of 41% with a target price of Rs 1,750.
India Money Market-Volumes Jump to Record as Bank Lending Booms
India’s money-market turnover jumped to a record as state-owned lenders stepped up borrowing to fund booming credit demand.
ET Alpha Wealth Summit: S Naren shares blueprint for investing in a boring market
ICICI Prudential AMC CIO S. Naren described the current market as a “boring phase,” marked by a tug-of-war between FIIs and domestic mutual funds. At the ET Alpha Wealth Summit, he outlined five market-cycle phases, warning that parabolic asset rallies and leveraged investing are classic signs of bubbles.
HDFC Bank, Canara Bank to PNB: These Bank Nifty majors remain in red even as index rebounds 1%; SBI, IDFC First lead - Mint
HDFC Bank, Canara Bank to PNB: These Bank Nifty majors remain in red even as index rebounds 1%; SBI, IDFC First leadMint
Sensex Today Marginally Lower | Nifty Below 23,400 | Infosys & HDFC Bank Top Losers - Equitymaster
Sensex Today Marginally Lower | Nifty Below 23,400 | Infosys & HDFC Bank Top LosersEquitymaster