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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.
Stock markets slide in early trade tracking weak global peers, foreign fund outflows - The New Indian Express
Stock markets slide in early trade tracking weak global peers, foreign fund outflowsThe New Indian Express
Stock Markets Slide: Sensex, Nifty Down on Global Weakness - Rediff MoneyWiz
Stock Markets Slide: Sensex, Nifty Down on Global WeaknessRediff MoneyWiz
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.
Sensex falls over 300 points, Nifty below 23,350 amid persistent FII selling
Indian stock markets opened lower on Thursday, with Sensex and Nifty declining due to persistent FII selling and global headwinds. Geojit Investments noted that geopolitical uncertainties in West Asia and FPI outflows are weighing on the market, suggesting a cautious approach for investors.
Stock Market LIVE: Sensex drops 200 pts, Nifty near 23,300; IT, realty stocks weigh
Sensex Today | Stock Market LIVE Updates Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap were trading 0.22 per cent and 0.15 per cent down, respectively
Sony, 3one4 Capital back WeRize in fresh funding as fintech eyes 2028 IPO
WeRize has raised fresh capital led by Sony Innovation Fund as it scales AI-driven financial products and prepares for a potential 2028 IPO.
FPIs beat mutual funds by rupee returns despite $27 billion exodus
Despite record outflow of $27 bn or ₹2.4 trillion, foreign portfolio investors' totted a rupee return on assets of 7.7% against MFs' 4.4%, thanks to Nifty outperforming broader markets last year. In dollar terms though their returns lag those of MFs.
'Hero will benefit if fuel efficiency is top of mind': Hero MotoCorp CEO
Hero MotoCorp reports no domestic demand slump despite global challenges. The company is aggressively expanding its operations. CEO Harshavardhan Chitale expresses confidence in India's economic resilience. Hero MotoCorp is focusing on growing segments like scooters, premium motorcycles, and electric vehicles. Significant capital expenditure is planned for capacity expansion and new product launches in domestic and international markets.
Sensex, Nifty Decline: IT Stocks & Crude Oil Prices Drag Markets - Rediff MoneyWiz
Sensex, Nifty Decline: IT Stocks & Crude Oil Prices Drag MarketsRediff MoneyWiz
Cabinet approves Price Stabilization Fund for Scheduled Indian Airlines towards ATF pricing
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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.