Market News
Stay updated with the latest market trends, earnings, and economic indicators.
INR weakens near Rs 94 per dollar mark amid resurgence in oil prices
The Indian rupee weakened for the third straight session, losing 39 paise to settle at 93.83 (provisional) against the US dollar on Wednesday as oil prices resumed surge amid uncertainty on US-Iran peace talks eroded hopes of easing West Asia conflict. Intense selling in domestic equity markets and sustained outflow of foreign capital also weighed on the Indian currency. Indian shares fell sharply on Wednesday, with stalled U.S.-Iran peace talks, somewhat hawkish comments from Federal Reserve nominee Kevin Warsh at a Senate confirmation hearing, and a disappointing set of numbers for the fourth quarter from IT major HCL Technologies weighing on sentiment. The Sensex settled 757 points or 0.95% lower at 78,516, while the Nifty 50 ended 198 points or 0.8% lower at 24,378. At the interbank foreign exchange market, the rupee opened at 93.69 and touched an intraday low of 93.87 against the greenback during the session, nearing the 94 level and its lowest level in three weeks.
Top Gainers & Losers on April 22: HCL Tech, Tata Elxsi, Infosys, Bajaj Auto, Nykaa, PTC Industries among top losers
The Indian stock market experienced a sell-off on April 22, closing lower as technology stocks plunged. The Nifty 50 fell 0.81%, and S&P BSE Sensex declined 0.95%, with investors wary of US-Iran tensions and fluctuating crude oil prices.
Ruchit Jain of Motilal Oswal suggests Tata Power, Siemens shares to buy in the near-term
The Nifty 50 and Sensex saw significant gains on April 15, rising 1.53% and 1.62% respectively, supported by positive Asian market trends and decreasing oil prices. Analysts suggest a bullish outlook with buying opportunities in Tata Power and Siemens.
HDFC Bank, BSE and Tata Motors among top stocks mutual funds bought and sold during March crash
Indian mutual funds aggressively bought equities last month amidst a market correction. They invested heavily in HDFC Bank and BSE, acting as a stabilising force against foreign investor selling. Funds also booked profits in Tata Motors. Banking stocks remain a dominant sector for mutual funds, with HDFC Bank, ICICI Bank, and SBI featuring prominently.
Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro among 42 companies to report
Dalal Street will be tracking results for the fourth quarter from 42 firms between April 13 and 18. Key names include Wipro, HDFC Bank, ICICI Bank, HDFC Life, ICICI Lombard, ICICI Prudential AMC and HDB Financial Services. Wipro will also be considering a share buyback this week with its results.
Mcap of 8 top valued firms jumps ₹4.13 trn; HDFC, ICICI Bank top gainers
The combined market valuation of eight of the top-10 most valued firms surged by Rs 4,13,003.23 crore last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers, in tandem with an optimistic trend in equities. Last week, the BSE benchmark Sensex jumped 4,230.7 points or 5.77 per cent, and the NSE Nifty surged 1,337.5 points or 5.88 per cent. "Sentiment remained buoyant amid optimism surrounding a temporary USIran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. A sharp decline in crude oil prices below the USD 100 mark eased domestic concerns and triggered a strong rebound across markets, he added. From the top-10 pack, HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Reliance Industries and Infosys faced erosion from their ...
Tata Mutual Fund reopens lump-sum investments in small-cap fund after market correction
Tata Mutual Fund has resumed lump-sum investments in its small-cap fund, citing better valuations after recent correction and improved opportunities for long-term capital deployment.
Correction in NBFCs, IT and realty offers entry as earnings stay steady: Anupam Tiwari
Anupam Tiwari, Head of Equity at Groww Mutual Fund, expects a strong current quarter with limited impact from oil shocks so far, but flags risks from the next quarter onward. He remains positive on premium consumption, NBFCs, manufacturing exports and capex, while adding IT and premium real estate after corrections. He believes market fears may be overstated, with much of the downside already priced in.
Vedanta FY26 output hits record highs in Aluminium, Zinc; Hydrocarbon output slips
Vedanta Limited reported record FY26 production across aluminium, alumina and zinc, with alumina output surging 48% and mined metal at Zinc India hitting an all-time high. Power sales and copper output also posted strong growth. However, oil and gas production declined 16% year-on-year, weighing on overall performance.
SBI, Canara Bank, BoB to PNB: PSU bank stocks rise up to 5% following stock market rebound
The Nifty PSU Bank index rose nearly 4% on March 20, reversing a previous 3% decline. Broader market gains and easing crude oil prices boosted sentiment. Key banks like Canara Bank and Union Bank saw significant increases, with all constituents trading positively.
INR settles at new lifetime low as soaring oil prices dampen sentiments
The Indian rupee declined 14 paise to settle at an all-time low of 92.42 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve's interest rate decision. Indian stock markets closed significantly higher for the second consecutive session, driven by gains in auto and metal sectors despite volatility. The Sensex jumped 568 points (0.75%) to close at 76,071, while the Nifty 50 added over 172 points (0.74%) to end at 23,581, rebounding after recent sharp losses. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at a new lifetime low of 92.42.
Sensex jumps 939 pts, Nifty tops 23,400 on value buying in large caps
Domestic equity benchmarks ended sharply higher on Monday, supported by value buying in select large-cap stocks as investors assessed the potential fallout of the ongoing U.S.-Iran conflict. Sentiment improved after media reports indicated that Donald Trump is likely to announce in the coming days the formation of an international coalition to escort commercial shipping vessels through the Strait of Hormuz, as the conflict with Iran enters its third week. U.S. officials reportedly said the White House could unveil the initiative as early as this week. However, overall sentiment remained cautious amid persistent FII outflows and elevated crude oil prices due to ongoing tensions involving Iran, Israel and the United States. The Nifty closed above the 23,400 mark, led by gains in auto, financial services and private banking stocks.