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Oracle, Wipro, Tech Mahindra stocks fuel the Nifty IT index above 29,000
The Nifty IT index gained almost 1% to rise to the day's high of ₹29,177.80 apiece, with all index constituents in the green. The IT pack rose 4.31% last week, though it remains flat with a negative bias for the month so far.
Sensex Today Ends 135 Points Lower | Nifty Below 23,700 | Infosys & Tech Mahindra Top Losers - Equitymaster
Sensex Today Ends 135 Points Lower | Nifty Below 23,700 | Infosys & Tech Mahindra Top LosersEquitymaster
Sensex Today Ends 135 Points Lower | Nifty Below 23,700 | Infosys & Tech Mahindra Top Losers - Equitymaster
Sensex Today Ends 135 Points Lower | Nifty Below 23,700 | Infosys & Tech Mahindra Top LosersEquitymaster
Sensex Today Ends 135 Points Lower | Nifty Below 23,700 | Infosys & Tech Mahindra Top Losers - Equitymaster
Sensex Today Ends 135 Points Lower | Nifty Below 23,700 | Infosys & Tech Mahindra Top LosersEquitymaster
Apollo Hospitals, Honeywell Automation rally; Sensex falls 135 points, Nifty flat
The Sensex declined 135 points to close at 75,183, while the Nifty settled 4 points lower at 23,655 after slipping below the 23,700 level. Bajaj Finance, Hindustan Unilever and Tech Mahindra were among the top losers on the Nifty.
Sebi may allow third-party payments in mutual funds, ease transaction norms
The proposal marks a departure from current regulations that require that all mutual fund transactions must happen with the investor’s verified bank accounts, to enable maintenance of a digital trail.
INR edges closer to a critical 97/$ threshold
The Indian rupee is seen in deep distress as the counter is moving towards breaking yet another key historic mark in opening trades on Wednesday. INR opened at Rs 96.89 per dollar and hit a low of 96.95 so far during the day. Yesterday, rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion. The rupee is turning to be Asia's worst-performing currency in 2026. The currency has depreciated 1.5 per cent this month and more than 7 per cent so far this year. Rupee remains vulnerable to rising crude oil prices and the closure of the Strait of Hormuz. Meanwhile, the Indian equity benchmarks surrendered their early morning gains in a highly volatile trading session to settle marginally lower due to late profit-booking. The BSE Sensex declined 114.19 points (0.15%) to close at 75,200.85, while the NSE Nifty 50 slipped 31.95 points
INR collapses to new historic lows driven by global conflicts and energy spikes
The Indian rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52 (provisional) on Tuesday, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion. The rupee is Asia's worst-performing currency in 2026, having tumbled to a historic intraday low of 96.60 against the US dollar. The currency has depreciated 1.5 per cent this month and more than 7 per cent so far this year. Rupee remains vulnerable to rising crude oil prices and the closure of the Strait of Hormuz. Meanwhile, the Indian equity benchmarks surrendered their early morning gains in a highly volatile trading session to settle marginally lower due to late profit-booking. The BSE Sensex declined 114.19 points (0.15%) to close at 75,200.85, while the NSE Nifty 50 slipped 31.95 points (0.14%) to finish at 23,618.00.
Tech Mahindra Ltd gains for third consecutive session
Tech Mahindra Ltd is quoting at Rs 1481.6, up 3.61% on the day as on 12:49 IST on the NSE. The stock is down 5.99% in last one year as compared to a 3.87% drop in NIFTY and a 21.31% drop in the Nifty IT index.
Sensex Today Trades Higher | Nifty Above 23,700 | Infosys & Tech Mahindra Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 23,700 | Infosys & Tech Mahindra Top GainersEquitymaster
Sensex Today Trades Higher | Nifty Above 23,700 | Infosys & Tech Mahindra Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 23,700 | Infosys & Tech Mahindra Top GainersEquitymaster
Why 10 stocks suffered massive Rs 17,000 crore mutual fund selloff in April
Mutual funds aggressively booked profits in April, offloading an estimated Rs 17,000 crore from 10 major stocks like HDFC Bank and Wipro. This strategic sell-off occurred amid concerns over earnings risks, geopolitical uncertainty, and stretched valuations, even as many of these stocks saw significant rallies.