Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Rupee Hits New Record Low Of Rs 95.83 Against US Dollar Amid Trump-Xi Meet, US-Iran Volatility
Rupee opened at Rs 95.72against the US dollar, marginally weaker from its previous close.
Benchmarks snap 4-day losing streak; Nifty settles above 23,400
Domestic equity benchmarks Sensex and Nifty snapped a four-session losing streak to close higher on Wednesday, aided by value buying in beaten-down stocks. Market recovered from early volatility and profit booking to rebound sharply from intraday lows, with the Nifty settling above the 23,400 mark. Gains were led by metal, consumer durable and energy shares, while IT and auto stocks remained under pressure. However, overall sentiment stayed cautious amid elevated crude oil prices, persistent foreign institutional investor outflows, rupee weakness and lingering global inflation concerns. The Indian rupee also touched a fresh intraday record low of 95.80 against the US dollar.
Tata Consumer jumps 6.5% to hit 52-wk high; Motilal Oswal sees 19% upside
Tata Consumer Products outperformed the markets in today's trade and emerged as the top gainer on the Nifty 50 index. In comparison, the benchmark NSE Nifty was down 1.08 per cent.
Tata Consumer shares soar 7% after better-than-expected Q4 earnings. Here’s what Morgan Stanley & other top brokerages say
Tata Consumer Products shares rose sharply on Monday after strong Q4 earnings beat estimates. Consolidated net profit rose 21% YoY, supported by robust India-branded business performance. Brokerages including Morgan Stanley, Motilal Oswal and Elara Capital remain positive, projecting healthy growth, margin expansion and further upside for the FMCG major.
BSE wants more participation and products, not just a bigger market share, says CEO
Sundararaman Ramamurthy believes India’s mutual fund penetration remains low relative to the country’s population, leaving significant room for growth as financial awareness and retail participation continue to rise.
Taiwan’s $286 billion pension fund trims its US dollar exposure as volatility rises
Taiwan Bureau of Labour Funds trims US dollar asset exposure amid global de-dollarization concerns, while still seeing dollar strength, and pushes managers to deepen presence in Taiwan
Taiwan’s $286 Billion Pension Fund Trims Its Dollar Exposure
Taiwan’s largest pension fund has reduced some of its US currency exposure amid heightened market volatility and a broader global reassessment of dollar assets.
Individual investors sold Rs 13,000 crore worth stocks, but Zerodha clients kept buying: Nithin Kamath
Retail investors sold equities, but Zerodha clients bought heavily, highlighting divergence. Overall, direct retail ownership declined while mutual fund holdings hit record highs, reflecting a structural shift toward professionally managed investments and rising domestic institutional dominance in Indian equity markets
Sensex slips 252 pts, Nifty below 24,050 amid currency weakness and expiry volatility
The key equity benchmarks closed with measured losses on Tuesday, as a sharp slide in the rupee to a record low against the US dollar rattled sentiment, while the weekly expiry of Nifty derivatives injected fresh volatility into the market. Escalating US-Iran tensions further bruised investor confidence, wiping out recent optimism sparked by state election results and echoing weakness across global markets. Ongoing quarterly earnings announcements kept traders on edge, prompting a cautious stance. The Nifty slipped below the 24,050 mark, weighed down by private banks and consumer durables stocks, while FMCG, auto and pharma shares defied the broader weakness and ended in the green.
No systemic risk to BFSI sector; may see short-term slowdown in loan growth: Deepak Parekh
Industry veteran Deepak Parekh stated the banking and financial services sector is not facing major systemic risks from global geopolitical uncertainties. He anticipates a short-term slowdown in loan growth. Real estate investment trusts are growing in India. Insurance penetration remains low. Deposit mobilization has moderated as retail investors favor mutual funds. Artificial intelligence's impact on finance is still evolving.
Retail investors, HNIs shifting from holding direct stocks to mutual funds. Here’s why
Individual investors in India are increasingly shifting from direct stock holdings to mutual funds, with direct ownership hitting a five-year low and MF holdings reaching record highs. Strong SIP inflows and declining FII participation are driving domestic institutions to become key market stabilisers, signalling a structural shift in investor behaviour.
Rupee hits record low of 95.40 against US dollar
Indian rupee reached record low against US dollar as Brent crude surges after Iran escalates action in Strait of Hormuz, raising supply and volatility risks.