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Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFC - The Economic Times
Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFCThe Economic Times
FPIs pull out Rs 27,000 cr in May; 2026 outflows hit Rs 2.2 lakh cr-mark
Himanshu Srivastava, Principal - Manager Research at Morningstar Investment Research India, said the latest outflow trend reflected persistent uncertainty surrounding global growth, elevated geopolitical tensions across key regions and volatility in crude oil prices, which continued to weigh on risk appetite towards emerging markets, including India.
Mcap of 9 top valued firms erodes by ₹3.12 trn, Reliance biggest laggard
The combined market valuation of nine of the top 10 valued firms eroded by Rs 3.12 lakh crore last week, with Reliance Industries taking the biggest hit. Last week, the 30-share BSE Sensex plunged by 2,090.2 points, or 2.7 per cent, while the 50-share NSE Nifty declined 532.65 points, or 2.2 per cent. "Markets ended the week lower, breaking out of their three-week consolidation phase amid lingering geopolitical tensions in West Asia, persistent weakness in the rupee, and rising inflationary concerns," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The sharp rise in crude oil prices above the USD 105-per-barrel mark intensified worries over imported inflation, fiscal stress, and pressure on corporate margins, he said. From the top-10 pack, Bharti Airtel emerged as the only winner. The market valuation of Reliance Industries tumbled Rs 1,34,445.77 crore to Rs 18,08,420.81 crore. State Bank of India's valuation eroded by Rs 52,245.3 crore to Rs 8,88,862.32 crore. The valua
Fuel hike not enough to offset all losses, oil stocks fall further
In an unexpected turn, shares of oil companies fell even with a recent fuel price boost. This adjustment couldn't compensate for the rising crude oil prices, leaving experts calling for further alterations in pricing. Investors are advised to hold tight until market indicators become more distinct. The persistent geopolitical climate is keeping oil prices robust, creating challenges for company profitability.
INR hits record low beyond 96 per dollar mark during intraday moves
The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.86 (provisional) against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee. Indian shares also reversed early gains to end modestly lower on Friday as Hormuz concerns persisted and the Trump-Xi summit yielded little progress on the war in Iran. The domestic currency has registered over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts. Global uncertainties, relatively high valuations, and the lack of AI-led investment opportunities have weighed on capital flows.
Benchmarks decline after two-day surge; Nifty slips below 23,650
Sentiment remained cautious due to the weakening rupee, which slipped past the Rs 96-per-dollar mark. Elevated crude oil prices, inflationary pressures, and persistent geopolitical tensions also weighed on markets.
Top Gainers & Losers on May 15: HUDCO, Muthoot Finance, Voltas, IOCL, Vedanta, HAL, Aditya Infotech among top losers
On May 15, Indian markets declined, with Nifty down 0.18% and Sensex down 0.25%. Selling in financial and metal stocks offset IT sector gains. The rupee hit a record low of 96.5 against the dollar, influenced by foreign investor withdrawals and rising crude oil prices.
Rupee sinks to all-time low of 96 against dollar
Rupee hits record low at 96.11 against US dollar, pressured by strong dollar, higher crude oil prices and global risk aversion, outlook hinges on oil and policy.
Stocks to Watch for May 15: Tata Motors PV, Voltas, Apollo Tyres, United Spirits and more
Tata Motors PV revenue jumps but margins narrow, Jaguar Land Rover revenue falls, Voltas weak profit, Apollo Tyres and Kirloskar Oil Engines strong, others mixed results
Rupee Falls To Record Low Of 95.73 Against US Dollar Amid Crude Oil Surge, Inflation Worries
The rupee on Wednesday had slipped to an all-time low of 95.80 against the US dollar.
India rupee slips to record low near 96 per USD as energy risks deepen
The Indian rupee hit an all-time low, driven by high oil prices and portfolio outflows straining the economy. Policymakers are considering tax reductions for foreign investors on bonds to attract dollar inflows. Persistent balance of payments deficits and rising wholesale inflation signal ongoing rupee weakness.
INR stays pressured amid elevated international oil prices
The Indian rupee slipped back and is hovering around record low levels in opening trades on Thursday as international oil prices ticked higher. INR opened at 95.74 per dollar and hit a low of 95.79 so far during the day. Yesterday, the unit hit an all-time low of 95.80 against the US dollar, and settled at 95.67 near its record closing low level amid elevated crude prices and West Asia geopolitical concerns. The rupee has become the worst-performing currency in Asia for the year, registering a loss of over 6 per cent so far this year, as elevated crude oil prices, a strong dollar and concerns regarding the West Asia crisis weighed on investor sentiments. Govt action of hiking import duties on gold and silver to 15 per cent failed to give much respite to the local unit. Moreover, Indias consumer price inflation in April rose for the sixth straight month to 3.48% from 3.40% in March. Food inflation, a key constituent of the countrys consumer price index, hit 4.2%, up from 3.87% in ...