Business news

Sensex, Nifty jump to hit record high as IT stocks rally after Fed Rate cut

IT stocks, benefiting from U.S. revenue exposure, led gains, with the Nifty IT index up 1.6%. All 13 sectors advanced, with small- and mid-caps climbing 0.6%.

Sep 19, 2024

Fed kicks off Interest Rate cut with 50-basis-points, Harris and Trump react

The Fed had maintained its policy rate in the 5.25%-5.50% range since July 2022, ending an 18-month period of rate hikes designed to combat a 40-year high inflation surge.

Sep 19, 2024

Sensex, Nifty close at all-time high, led by metal and auto shares

Sensex closes above 83,000; Bharti Airtel, NTPC top gainers

Indian equity indices closed with marginal gains as market investors shifted their focus to the US Federal Open Market Committee's policy meeting, starting later in the day on Tuesday.

Sep 17, 2024

Mixed cues dominate markets, Sensex, Nifty trade flat

At 9.42 a.m., Sensex was up 21 points or 0.03 per cent at 83,010 and Nifty was up 15 points or 0.06 per cent at 25,397

Sep 17, 2024

Bajaj Housing Finance debuts at Rs 150 with premium of 114 pc over issue price

Shares of the Bajaj Housing Finance Limited listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) at Rs 150 per share each with a premium of 114 per cent against its issue price of Rs 70 per share.

Sep 16, 2024

India sees healthy 8 pc increase in overall rainfall, positive for inflation outlook

India saw a healthy 8 per cent increase in overall rainfall above the long-term average (till September 13) as average retail prices of vegetables and milk cooled down, a report showed on Monday.

Sep 16, 2024

Sensex trades at all-time high, PSU bank and metal stocks lead

Indian equity indices opened with gains on Monday, tracking American markets as investors expect a rate cut by the US Fed that further boosts market sentiment.

Sep 16, 2024

What makes Bajaj tick? New Bajaj Housing Finance share debuts at Rs 150; Commands 114% premium over issue price

Bajaj Group's housing finance arm became the most demanding IPO this year. Its public issue was subscribed 63.61 times on its final day.

Sep 16, 2024

Onion prices drop in major cities after retail selling at subsidised rate: Centre

Government Initiative Leads to Drop in Onion Prices

The Indian government has recently announced a significant decrease in onion prices in major cities. This drop is attributed to the government's initiative of selling onions at a subsidised rate through retail outlets. The initiative, which began on September 5, has had a noticeable impact on the cost of this staple food item in major urban areas.

Sep 15, 2024