Markets

Sensex sheds over 900 points, all eyes on US election and Fed data

As FIIs on selling spree, DIIs step in to absorb; Indian stock market remains on consolidation path

Despite the massive FII selling, the stock market is resilient since the valuations are fair and every selling is being absorbed by domestic institutional investors (DIIs) and individual investors, particularly high-net-worth individuals (HNIs)

Nov 9, 2024

Indian stock market ends flat, Nifty below 24,150

The Indian stock market closed flat on Friday as selling was seen in the auto, PSU bank, financial service, metal, and realty sectors at the end of trading.

Nov 8, 2024

78 lakh EPS pensioners to benefit as new payment system clears pilot run

Union Minister of Labour and Employment, Dr Mansukh Mandaviya, on Friday announced the successful completion of pilot run of the new Centralised Pension Payments System (CPPS) under the Employees' Pension Scheme 1995 aimed at enhancing pension services.

Nov 8, 2024

Rural markets stay ahead of urban centres in growth for FMCG goods: NielsenIQ

Rural markets outpace urban centres in growth for FMCG goods: NielsenIQ

India's fast-moving consumer goods (FMCG) sector grew 5.7 per cent by value and 4.1 per cent by volume in the July-September quarter driven by rural demand which grew faster than urban markets for the third consecutive quarter, according to the latest report by consumer intelligence firm NielsenIQ.

Nov 8, 2024

US Fed cuts interest rate second time consecutively, to boost emerging markets

The US Fed cut interest rates by 25 basis points (bps) to 4.75 per cent and given the US macro indicators, the rate cuts now are rather pre-emptive.

Nov 8, 2024

Tepid response to Swiggy IPO continues, 35 pc subscription on Day 2

Swiggy IPO continued to see a tepid response from investors on the second day of bidding on Thursday. The Rs 11,327 crore IPO was subscribed 0.35 times or 35 per cent on the second day.

Nov 7, 2024

Gold prices rise to 3-month high on back of safe-haven demand

Gold prices set to fall further after Donald Trump's win

Gold prices continue to fall after the US presidential election and on Thursday, the December future contracts of gold on MCX opened with a decline of 0.37 per cent at Rs 76,369 per 10 grams, while silver December future contracts were trading 0.24 per cent low at Rs 90,601 per kg.

Nov 7, 2024

Sensex sheds 849 points ahead of key US Fed meet

The Indian stock market closed in red on Thursday as there was heavy selling in all sectors except PSU banks.

Nov 7, 2024

5 year-old Indian kid falls to death from Dubai high-rise.(REPRESENTATIONAL PHOTO /FACEBOOK)

Over 3 in 10 Indian buyers looking for ultra-luxury homes: Report

More than three in 10 (35 per cent) Indian property buyers are now interested in luxury and ultra-luxury homes, nearly double the 18 per cent recorded in the previous quarter (Q2), according to a report on Thursday, as disposable incomes rise amid overall economic growth.

Nov 7, 2024

Sensex and Nifty down 1 pc in early trade amid heavy selling

Sensex and Nifty down 1 percent in early trade amid heavy selling

The Indian stock market opened in red on Thursday as heavy selling was seen in metal, auto, financial service, pharma, FMCG, energy, private bank and infrastructure sectors in early trade.

Nov 7, 2024

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

Indian stock market agrees with Trump win, Sensex surges 901 points

The Indian benchmark indices on Wednesday welcomed Donald Trump's convincing victory in the US presidential elections as both Sensex and Nifty gained more than 1 per cent amid heavy buying in the IT sector.

Nov 6, 2024

US Election: Trump clinches win in three swing states

Bitcoin expected to hit $80,000 as crypto fan Trump edges closer to victory

As Donald Trump edged closer to victory in the US presidential election, Bitcoin surged to a record high of $75,060, fuelling investors' excitement in the cryptocurrency sector.

Nov 6, 2024

Ola Electric's share hits all-time low of Rs 74 ahead of Q2 results

Bhavish Aggarwal-run Ola Electric Mobility saw its share nosedive further to a fresh low of Rs 74.18 apiece on Tuesday after touching Rs 73.84 during the intra-day trading -- losing almost 8.5 per cent in a day.

Nov 5, 2024

Sensex snaps 3-day losing streak on rebound in FMCG and Pvt Bank shares

Sensex gains 694 points ahead of US election

The Indian stock market closed in green on Tuesday as investors set their eyes on the closely contested US presidential election.

Nov 5, 2024

India's wedding season biz expected to surge 41 pc to Rs 6 lakh crore: CAIT

The upcoming wedding season in India which will extend from November 12 till December 16 is likely to generate business worth nearly Rs 6 lakh crore from 48 lakh weddings which constitutes a 41 per cent increase over the corresponding figure of Rs 4.25 lakh crore recorded for 35 lakh weddings last year, according to a study carried out by the Confederation of All India Traders (CAIT).

Nov 5, 2024