Indian benchmark indices closed higher on buying interest in consumer and private banking stocks, although gains were limited by selling pressure in auto, IT and pharmaceutical names. While Nifty ended at 25,693.70, up 50.90 points or 0.20%, the BSE Sensex advanced 266.47 points or 0.32% to 83,580.40.Meanwhile, the volatility gauge India VIX ended at 11.94, […]
The Indian textile industry is entering a decisive phase as the recent tariff easing by the US greatly improves its global competitiveness and resets the sectoral economy.The immediate reduction in US tariffs on Indian textiles from 50% to 18% has brought long-awaited relief to an industry that has been struggling with margin compression, regulatory costs […]
The Dow Jones rose above 50,000 for the first time on Friday, shaking off concerns about artificial intelligence companies as traders focused on the prospects for US growth and interest rate cuts by the Federal Reserve.The index, the oldest of the three major U.S. stock indexes, reached historic levels shortly before 1930 GMT, fell just […]
Benchmark indices Nifty and Sensex rose 4.7% and 4.4% respectively, in one of the biggest single-day gains after India and the US announced a long-awaited trade deal, easing concerns over tariffs that have weighed on Indian markets for months. The benchmark BSE Sensex rose nearly 3,500 points, or 4.4%, to 85,323 in early trade, while […]
GIFT Nifty on the NSE IX rose nearly 600 points or 2.4% to 25,374, indicating Dalal Street is heading for a big upside on Tuesday. This came after the news that India and the US had signed a trade deal.Donald Trump said on his Truth Social platform that he spoke with Prime Minister Narendra Modi […]
Indian shares swung between gains and losses in a special trading session ahead of the federal budget on Sunday as investors turned cautious ahead of the government’s budget presentation. Market participants are looking for signals of increased government spending to support growth and measures to support export-oriented industries under pressure from US tariffs.After opening in […]
Markets traded on a downward trend on Friday to end lower, pressured by mixed global cues and caution over the Union budget. With all eyes on the Union Budget, analysts expect increased volatility during the special trading session on Sunday and suggest a hedged approach be preferred.In today’s trading, shares of Meesho, Bajaj Auto, Adani […]
Hindustan Zinc’s Offer for Sale (OFS) saw strong interest from institutional investors on the first day of the offering with 142.02% subscribed to the non-retail portion, reflecting healthy demand at the price levels offered.The OFS, launched by promoter Vedanta, opened for non-retail investors on Wednesday. The issue is being offered at a floor price of […]
Benchmark indices Nifty and Sensex ended the first session of the holiday-shortened week on a strong note on Tuesday after the trade deal between India and the European Union lifted sentiments.Sensex ended Tuesday’s session 319.78 points or 0.39% higher at 81,857.48, while the Nifty50 rose 126.75 points or 0.51% to 25,175.40. Prime Minister Narendra Modi […]
Mumbai: Shares of Kalyan Jewelers extended their decline for the ninth straight session on Wednesday, falling over 12% in their steepest single-day decline in three years. Analysts warned the stock could remain under pressure in the near term as concerns that a mutual fund could cut its stake in the company keep investors nervous. The […]