Markets

Stock market declines sharply amid selling pressure ahead of additional US tariffs

"Domestic market sentiment turned cautious as the US penalty tariff deadline expires tomorrow. The persistent depreciation of the Indian currency is adding pressure and may further impact foreign institutional inflows," said Vinod Nair, Head of Research, Geojit Investments Limited.

4 hours ago

Nifty could touch 27,609 in the next 12 months: Report

The data compiled by PL Capital in its latest India strategy report said multiple factors, including benign inflation, government tax cuts, normal monsoons, and recent rate reductions by the Reserve Bank of India, are creating conditions for broad-based consumption growth.

5 hours ago

IPO mainboard funding in India touches Rs 15,200 crore in Aug

Indian IPOs raised Rs 16,124 crore in July and Rs 17,688 crore in June. The highest fundraising from the SME space came from 28 companies that tapped the market. The level of funding is, however, down from Rs 1,205 crore in July and Rs 1,300 crore in June.

5 hours ago

Indian stock market opens lower amid mixed global cues

Stock market tumbles after US moves to levy steep 50 pc tariffs

Among sectoral indices, the Nifty Metal index slipped 1.04 per cent. The Nifty Pharma index declined 1.57 per cent, the Nifty PSU Bank index was down 0.84 per cent and the Nifty Private Bank index fell 0.96 per cent.

8 hours ago

Indian stock market rally continues for 3rd consecutive day, Sensex jumps 213 points

Indian indices close higher amid US Fed rate cut expectations

Sensex ended the session at 81,635.91, up 329.06 or 0.40 per cent. After a sharp decline in the last session, the 30-share index opened with a decent gap-up at 81,501.06 against the previous session's closing of 81,306.85. The index further escalated the momentum to touch an intraday high at 81,799.06 but remained range-bound.

1 day ago

Rupee falls to all-time low of 85.12 against US dollar over hawkish Fed outlook

Indian rupee faces volatility amid U.S. trade policy developments

The Indian rupee's trajectory this week will be dominated by developments on U.S. trade policy, with steep tariffs on Indian goods slated to take effect from Wednesday, while government bonds will track any developments on the fiscal front.

1 day ago

Flipkart to create over 2.2 lakh additional seasonal job opportunities this festive season

According to the company, 15 per cent of new hires are first-time workforce entrants; roles include pickers, packers, sorters, and delivery executives, and there is a significant increase in hiring of women, PwDs and LGBTQIA+ associates compared to last year.

1 day ago

Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Sector-wise, the Nifty IT index led the gains with 1.77 per cent surge followed by Nifty Metal index up 0.88 per cent. The majority of other indices showed moderate gains.In the Nifty pack, Infosys, Tech Mahindra, TCS, Bajaj Finance, Hindalco and NTPC were the major gainers. ICICI Bank, Apollo Hospital, Jio Financial and Maruti Suzuki were the major laggards.

1 day ago

Gold falls by Rs 600 this week, silver also declines

According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold now stands at Rs 99,358 per 10 grams, compared to Rs 1,00,023 a week ago -- a decline of Rs 665. Prices of 22-carat gold fell to Rs 91,012 from Rs 91,621 per 10 grams, while 18-carat gold dropped from Rs 75,017 to Rs 74,519 per 10 grams.

2 days ago

Indian stock market opens lower amid fresh US tariff concerns

8 of top 10 most valued firms add Rs 1.72 lakh crore in market cap

Their market values saw sharp increases, boosting overall investor wealth. Hindustan Unilever's valuation jumped by Rs 34,280.54 crore to Rs 6,17,672.30 crore. Bharti Airtel added Rs 33,899.02 crore, taking its market cap to Rs 11,02,159.94 crore, while Bajaj Finance's valuation rose by Rs 20,413.95 crore to Rs 5,55,961.39 crore.

2 days ago

SEBI clears LIC's reclassification as public shareholder in IDBI Bank

This means LIC will now be treated like any other public investor in IDBI Bank. As per SEBI's rules, LIC's voting rights in the bank will be limited to 10 per cent of the total voting power. "The voting rights of LIC shall not exceed 10 per cent (ten per cent) of the total net effective voting rights of the IDBI Bank," the company said in its regulatory filing.

2 days ago

Indian stock market falls amid fresh US tariff threats, selling in IT stock

Global cues, fed rate cut signals among major factors to drive Indian stock market next week

In his speech at the Jackson Hole symposium, US Federal Reserve Chairman Jerome Powell hinted at a possible interest rate cut. This triggered a strong rally in US markets during the last trading session, and analysts believe the positive momentum could spill over into Indian equities when markets open on Monday.

2 days ago

India's forex reserves jump $1.49 billion to $695.11 billion

An increase in the country's foreign exchange kitty gives the RBI more headroom to strengthen the rupee vis-a-vis the US dollar. Adequate forex reserves enable the RBI to intervene in the spot and forward currency markets by releasing more dollars to prevent the rupee from going into a free fall and curbing its volatility.

3 days ago

Gold prices slip as dollar strengthens ahead of Powell speech

Gold prices edged lower on Friday on a stronger dollar while investors awaited U.S. Federal Reserve Chair Jerome Powell's speech at the annual Jackson Hole symposium that could offer fresh clues on the monetary policy path.

4 days ago

Indian stock market opens lower amid mixed global cues

Broader markets started the day mixed, as the Nifty midcap 100 index edged up slightly by 0.06 per cent, while Nifty smallcap index 100 fell by 0.24 per cent.

4 days ago