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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.
Sensex, Nifty slip as investors track US-Iran developments
The S&P BSE Sensex, declined 141.90 points or 0.19% to 75,867.80. The Nifty 50 index shed 6.55 points or 0.03% to 23,907.15. In the two consecutive trading sessions, the Sensex and Nifty fell 0.81% and 0.51%, respectively.
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.
Nifty trades below 23,900 level; broader mkt outperforms
At 13:30 ST, the barometer index, the S&P BSE Sensex, declined 116.80 points or 0.15% to 75,892.90. The Nifty 50 index fell 16.20 points or 0.07% to 23,895.60.
Coal India Ltd Slips 5.18%, BSE Energy index Shed 1.34%
Coal India Ltd has lost 4.06% over last one month compared to 1.12% fall in BSE Energy index and 1.76% drop in the SENSEX
Hindalco Industries Ltd Spurts 3.27%
Hindalco Industries Ltd has added 7.39% over last one month compared to 3.56% gain in BSE Metal index and 1.76% drop in the SENSEX
Indices drift lower in early trade; broader mkt outperforms
At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 106.45 points or 0.14% to 75,903.35. The Nifty 50 index shed 19 points or 0.08% to 23,892.65.
RBI should start rate hike cycle as inflation risks rise, says Bandhan MF’s Suyash Choudhary
Average inflation forecasts are likely to move higher, and the RBI should begin the rate hike cycle to maintain its credibility as an inflation-focused central bank, according to Suyash Choudhary, CIO-Fixed Income at Bandhan Mutual Fund. However, he believes rate hikes alone may not immediately solve the problem. He said the RBI must avoid mixed messaging to prevent market uncertainty and added that a favourable mix of global factors — including lower oil prices, better foreign inflows, and a weaker dollar — could help improve the situation.
Mutual Funds Are Cutting Exit Loads — What Does It Mean, And Should Investors Care?
Exit load refers to the fee charged when investors redeem mutual fund units before a specified holding period. Traditionally, many equity schemes charged a 1% exit load if investors withdrew within one year.
Nifty ends near 23,900 amid profit booking and global uncertainty
The S&P BSE Sensex slipped 479.25 points or 0.63% to 76,009.70. The Nifty 50 index fell 118 points or 0.49% to 23,913.70. In the past two trading sessions, the Sensex and Nifty increased 1.74% and 0.91%, respectively.
Indices witness profit booking; PSU Bank shares snap 5-day rally
. At 14:25 ST, the barometer index, the S&P BSE Sensex slipped 425.31 points or 0.55% to 76,064.72. The Nifty 50 index fell 97.80 points or 0.40% to 23,933.10.
Stock Market Live Updates Today: Dalal Street turns red as BSE Sensex falls over 380 points, Nifty50 sinks below 24,000 - The Times of India
Stock Market Live Updates Today: Dalal Street turns red as BSE Sensex falls over 380 points, Nifty50 sinks below 24,000The Times of India