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INR extends decline on a firm dollar overseas
The Indian rupee extended downside in opening trades on Tuesday as dollar stands tall on a hawkish Fed stance. Muted show in local equities tracking weakness in global counterparts also weighed on the currency although easing oil prices are seen capping further decline. NIFTY 50 is trading at 24,104.15, marginally up by 1.25 points (+0.01%) from its previous close while BSE SENSEX is holding around 77,073.40, down by 20.67 points (-0.03%). INR opened at Rs 94.73 per dollar and hit a low of 94.76 so far during the day. Yesterday, rupee depreciated more than 30 paise to close at 94.63 against the US dollar, weighed down by the strength of the American currency in the overseas market.
Sensex trades on choppy note, Nifty below 24,100 as IT stocks drag benchmarks lower
Indian stock markets saw a subdued trading session on Tuesday, with the Sensex and Nifty experiencing minor dips, primarily due to losses in IT stocks. Broader market indices, however, showed resilience. Analysts point to improving West Asian peace prospects and falling crude oil prices as positive for economic growth, though concerns remain about the monsoon's performance. Global cues, particularly the US Federal Reserve's upcoming commentary, will be closely watched.
Rupee opens little changed against dollar amid fall in global oil prices
Indian rupee opens slightly weaker against the US dollar as softer crude offers support, but rising US yields and Fed rate hike risks keep pressure elevated.
Stock market today: Gift Nifty hints muted start; US-Iran peace talks to crude oil prices - 8 stocks to buy
The Indian stock market is expected to open cautiously amid mixed global cues. Sensex and Nifty gained on Monday, driven by optimism over US-Iran peace talks, although Asian markets traded lower. Experts recommend a 'buy on dips' strategy for Nifty as key levels remain critical.
Indian Equities Rebound as Oil Prices Soften, Global Cues Turn Positive - Rediff
Indian Equities Rebound as Oil Prices Soften, Global Cues Turn PositiveRediff
Top Gainers & Losers on June 22: Kirloskar Oil Engines, Delhivery, Gabriel India, Urban Company among top gainers
The Indian stock market closed with gains as US-Iran peace talks progressed, boosting pharmaceutical and technology stocks. The Nifty 50 rose 0.37% to 24,102, while the Sensex closed at 77,044, up 0.31%. Broader markets and various sector indices also recorded positive movements.
Govt bonds walk tightrope on steady oil price, shaky US-Iran truce
Traders said Indian debt markets still face rate risks from El Niño's potential impact on inflation and growth and elevated global yields after a hawkish US Federal Reserve commentary
Mcap of 9 most valued firms jumps ₹2.15 trn, Airtel biggest winner
The combined market valuation of nine of the top-10 most valued firms jumped by Rs 2.15 lakh crore last week, with Bharti Airtel emerging as the biggest winner, in line with improving global risk sentiment. Last week, the BSE benchmark Sensex jumped 1,274.95 points, or 1.68 per cent. "Indian equity markets extended their recovery during the week, supported by easing geopolitical concerns, softer crude oil prices, and improving global risk sentiment. Although negotiations remain ongoing and the agreement is yet to be fully implemented, the reduction in geopolitical uncertainty has significantly improved market sentiment," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. The market valuation of Bharti Airtel surged by Rs 52,432.67 crore to Rs 11,62,963.30 crore, the most among the top-10 firms. Life Insurance Corporation of India (LIC) added Rs 51,675.23 crore, taking its valuation to Rs 5,56,726.30 crore. The valuation of Bajaj Finance soared by Rs 26,55
BFSI and oil & gas bear the brunt as foreign investors pull funds from India
Global fund managers are dumping Indian banking and oil stocks to chase AI and semiconductor opportunities in the US and East Asia. While India boasts strong loan growth, geopolitical oil volatility and compressed margins have driven foreign investors to look for better returns elsewhere.
Indian Markets Open Flat Amid Weak Global Cues, Lower Oil Prices Support Medium-Term Outlook - Open Magazine
Indian Markets Open Flat Amid Weak Global Cues, Lower Oil Prices Support Medium-Term OutlookOpen Magazine
Indian markets open flat amid weak global cues; lower oil prices support medium-term outlook - ChiniMandi
Indian markets open flat amid weak global cues; lower oil prices support medium-term outlookChiniMandi
OMC Stocks Rally: HPCL, BPCL, IOC Shares Rise As Global Crude Oil Prices Hit Three Month Low
IOCL, BPCL, and HPCL shares opened in green amid a broader bullish sentiment across the Indian stock market.