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INR surges amid sharp pull back in oil prices; Sensex and Nifty jump by around 2%
The Indian rupee surged 67 paise to close at 95.18 (provisional) against the greenback on Friday as global oil prices fell sharply after US President Donald Trump indicated an imminent deal with Iran. A firm trend in domestic equity markets and a weaker American currency also supported the rupee during the day. Indian shares closed Friday's session on a buoyant note in a broad-based rally, with both frontline and broader market indexes posting sharp gains. The BSE Sensex settled at 75,527.95, surging 1,695.40 points (2.30%), and the NSE Nifty50 ended at 23,622.90, climbing 461.30 points (1.99%). Trump has reportedly said a deal to end the war with Iran is nearly complete, and is expected to be signed over the weekend in Europe, as he called off military strikes on the Islamic Republic hours after threatening to take control of its oil industry.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends losses, falls 170 points; Brent above $94
Sensex Today | Stock Market LIVE Updates: Today is the weekly expiry of all Sensex contracts. For the Nifty, the recent lows of 23,070 come into play again after the breakout sold off between 23,450 - 23,500 levels, which remains the key resistance on the upside. Analysts maintain that any drop below the 23,070 low could take the index down to 22,800 - 22,700 levels.
Ambani-backed robot startup seeks $100 million to take on China
Reliance-backed robotics startup Addverb Technologies is looking to raise over $100 million to fund expansion into humanoid robots, AI and advanced automation. The company, which generates half its revenue overseas, targets a spot among the world's top 10 robotics firms within five years.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades lower; Jefferies initiates 'buy' for Meesho
Sensex Today | Stock Market LIVE Updates: The Nifty though, dragged by HDFC Bank and IT on Tuesday, would be hopeful that both put their hand up and enable a breakout for the index as well. A factor that bulls will take heart from is that Reliance Industries snapped a nine-day losing streak on Tuesday and if that rebounds from lower levels, it will be a big boost to the index.
Jindal Poly Films dispute, India's first class action suit, sent by Supreme Court to arbitration
The Supreme Court has sent a minority shareholder dispute involving Jindal Poly Films to arbitration. This decision overturns earlier orders from the National Company Law Tribunal and Appellate Tribunal. The case concerns allegations of asset stripping and financial losses to shareholders. The arbitration will take place in Delhi.
Unseen Jet-Powered Drones, Kheibar Shekan Ballistic Missiles: Breaking Down Iran's Overnight Attack On Israel
People take their photos beside the wreckage of an Iranian missile that landed near the West Bank city of Jericho on Monday.
Joining The Dots: India Pulled Out Some Big Guns For The Rupee. The Arsenal Is Not Empty Yet | Tamanna's Take
The RBI and the government have launched a coordinated push to attract foreign capital, but the latest measures may be only the beginning.
FPIs get tax relief on gilts, ease of Investment
In a strategic step to lure foreign investment, India has eliminated taxes on capital gains and interest for overseas investors in its government bonds. This change, set to take effect on April 1, is part of an ordinance aimed at enhancing the appeal of Indian sovereign bonds and fortifying the strength of the rupee.
Global companies exploit India's IPO boom to take profits back home
Sky-high Indian valuations are prompting foreign firms to use IPOs for partial exits and profit repatriation, with many preferring cashing out investments over raising fresh capital for expansion
India and US have finalised most elements of first phase of Bilateral Trade Agreement, says Piyush Goyal
Commerce and Industry Minister Piyush Goyal has said India and the US have finalised most elements of the first phase of the bilateral trade agreement. The two sides are proposed to finalise the details of the interim agreement and take forward the negotiations under the broader BTA on multiple areas, such as market access, non-tariff measures, customs and trade facilitation and investment promotion. India and the US issued a joint statement on February 7, finalising the framework of the first phase of the BTA, also referred to as an interim trade agreement. Both sides will now have to finalise the legal text for the deal. The framework reaffirmed the countries commitment to the broader India-US BTA negotiations. The US was the second-largest trading partner of India in 2025-26.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty extends losses to 200 points; Lenskart in focus
Sensex Today | Stock Market LIVE Updates: The bulls may take comfort from the fact that all recent selling has seen a reversal around this 23,250 - 23,350 range. A break of that level risks further downside for the index. Same is the case with the Nifty Bank, which had another 1,000-point range trading day on Monday.
How China's electronics giant Huawei plans to take on its rivals with a chip design breakthrough
China's electronics giant Huawei is pioneering a new chip design approach. This method focuses on reducing signal transmission time instead of shrinking transistors. The company aims to boost performance and energy efficiency. This innovation could help Huawei bypass US sanctions. High-end chips are expected by 2031. This marks a significant shift in chip development.