IBT Business Desk

Articles by IBT Business Desk

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India's forex reserves climb nearly $1 billion to $672.5 billion

India's forex reserves rise by $964 million to $675.16 billion: RBI

Foreign currency assets, the largest component of the reserves, increased by $930 million to $546.51 billion, while gold reserves edged up to $105.23 billion. Special Drawing Rights (SDRs) and the reserve tranche position with the IMF also recorded marginal gains

2 hours ago

'Phone banking' during UPA rule resulted in huge NPAs: FM Nirmala Sitharaman

'Phone banking' during UPA rule resulted in huge NPAs: FM Nirmala Sitharaman

Sitharaman and Andhra Pradesh Chief Minister Chandrababu Naidu distributed loans worth ₹3,216 crore to over 1.03 lakh beneficiaries under various Central schemes. Naidu praised the Centre's banking reforms and highlighted financial assistance for Amaravati, Polavaram, Visakhapatnam Steel Plant, and other development projects.

2 hours ago

Sensex jumps 965 points, Nifty tops 24,300 on buying in banks, IT stocks

Sensex jumps 965 points, Nifty tops 24,300 on buying in banks, IT stocks

The Sensex rallied 964.58 points, or 1.25 per cent, to close at 78,151.45. The Nifty also ended firmly in the green, rising 261.55 points, or 1.09 per cent, to settle at 24,334.30.

6 hours ago

Stock Market Today: Sensex Rises 360 Points, Nifty Tops 24,175 as IT, Auto Stocks Lead Gains

Stock Market Today: Sensex Rises 360 Points, Nifty Tops 24,175 as IT, Auto Stocks Lead Gains

In early trade, Sensex climbed 363 points or 0.47 per cent to 77,550, while Nifty advanced 100 points or 0.43 per cent to 24,176.

12 hours ago

Indian markets end subdued amid geopolitical concerns

Stock Market Today: Sensex Ends Flat at 77,186, Nifty Slips Below 24,100 Amid Geopolitical Concerns

Sensex settled at 77,186.87, up 1.44 points, while Nifty ended 5.75 points or 0.02 per cent lower at 24,072.75.

1 day ago

Stock Market Today: Sensex Climbs Over 300 Points, Nifty Tops 24,150

Stock Market Today: Sensex Climbs Over 300 Points, Nifty Tops 24,150

Sensex jumped over 300 points or 0.42 per cent to hit an intraday high of 77,514.30 in early trade, while Nifty rose 88 points or 0.36 per cent to 24,167 amid buying in consumer durables, IT and auto stocks.

1 day ago

Stock Market Today: Sensex Climbs 130 Points, Nifty Closes Above 24,000

Stock Market Today: Sensex Climbs 130 Points, Nifty Closes Above 24,000

The Sensex rose 130.49 points, or 0.17 per cent, to settle at 77,185.43, while the Nifty advanced 26.45 points, or 0.11 per cent, to close at 24,074.85.

1 day ago

Sensex rises over 100 points, Nifty opens above 24,000 amid positive global markets

Sensex rises over 100 points, Nifty opens above 24,000 amid positive global markets

Sensex opened at 77,192.76, up more than 100 points or 0.18 per cent, while Nifty started the session at 24,085.85, gaining 33.80 points or 0.14 per cent.

2 days ago

Market Wrap: Sensex Slides 561 Points, Nifty Loses 159 Amid Geopolitical Concerns

Sensex Falls 561 Points, Nifty Below 24,100 Amid West Asia Tensions

The Sensex closed 561.46 points, or 0.72 per cent, lower at 77,054.94, while the Nifty slipped 159 points, or 0.66 per cent, to settle at 24,052.05.

3 days ago

Stock Market Today: Sensex Falls 344 Points, Nifty Slips Below 24,100 on Weak Global Signals

Stock Market Today: Sensex Falls 344 Points, Nifty Slips Below 24,100 on Weak Global Signals

Sensex opened 344.06 points or 0.44 per cent lower at 77,272.34, while Nifty fell over 100 points or 0.59 per cent to 24,068.00 at the opening bell.

3 days ago

Sensex ends above 77,600, Nifty holds 24,200 as IT stocks support markets

Sensex ends above 77,600, Nifty holds 24,200 as IT stocks support markets

Sensex closed 47.01 points, or 0.06 per cent, higher at 77,616.40, while the Nifty edged up 4.10 points, or 0.02 per cent, to settle at 24,211.

4 days ago

Markets open lower as Brent crude nears $80 amid escalating West Asia crisis

Markets open lower as Brent crude nears $80 amid escalating West Asia crisis

Sensex began the session at 76,963.35, down over 600 points or 0.78 per cent, while Nifty started at 24,039.40, declining 167.50 points or 0.69 per cent.

4 days ago

Sensex surges 828 points, Nifty tops 24,200 amid broad-based buying

Nifty, Sensex post mild weekly loss over escalating West Asia tensions

Indian benchmark indices Sensex and Nifty ended the week with marginal losses after four straight weeks of gains, as escalating West Asia tensions pushed crude oil prices higher and weighed on investor sentiment

6 days ago

Sensex surges 828 points, Nifty tops 24,200 amid broad-based buying

Sensex surges 828 points, Nifty tops 24,200 amid broad-based buying

Nifty settled at 24,206.90, up 244.10 points or 1.02 per cent. Similarly, Sensex climbed 827.57 points or 1.08 per cent to close at 77,569.39.

7 days ago

Sensex jumps over 700 points, Nifty tops 24,160 as IT stocks lead market rally

Sensex jumps over 700 points, Nifty tops 24,160 as IT stocks lead market rally

Indian benchmark indices opened sharply higher on Friday, tracking gains in global markets as a rally in chip stocks boosted investor sentiment. The Sensex surged over 700 points while the Nifty crossed the 24,160 mark

7 days ago

Sensex rebounds 238 points, Nifty closes above 23,960 led by realty and PSU bank stocks

Sensex rebounds 238 points, Nifty closes above 23,960 led by realty and PSU bank stocks

The Sensex rose 238.22 points, or 0.31 per cent, to settle at 76,741.82, while the Nifty advanced 80.75 points, or 0.34 per cent, to close at 23,962.80.

8 days ago

Sensex surged as much as 0.32 per cent or about 250 points to hit an intraday high of 76,752 in morning trade, while Nifty climbed 0.20 per cent or 46.90 points to 23,928.95.

Sensex Surges 250 Points to Hit Record Intraday High; Nifty Approaches 24,000 in Morning Trade

Sensex surged as much as 0.32 per cent or about 250 points to hit an intraday high of 76,752 in morning trade, while Nifty climbed 0.20 per cent or 46.90 points to 23,928.95.

8 days ago

Bloodbath at Dalal Street: Sensex plunges 1,677 points, Nifty drops 517 amid Iran-US tensions

Bloodbath at Dalal Street: Sensex plunges 1,677 points, Nifty drops 517 amid Iran-US tensions

The Sensex plunged 1,677.12 points, or 2.15 per cent, to close at 76,503.60, while the Nifty dropped 516.65 points, or 2.12 per cent, to settle at 23,882.05.

9 days ago

Sensex, Nifty open lower amid renewed Middle East tensions

Sensex sheds 360 points, Nifty below 24,300 as Middle East tensions escalate

Sensex opened 364.27 points or 0.46 per cent lower at 77,816.45, while Nifty slipped 139.15 points or 0.57 per cent to 24,259.55.

9 days ago

Sensex, Nifty open nearly flat on Budget Day

Nifty, Sensex Snap 4-Day Winning Streak as Metal, Realty Stocks Weigh on Markets

The Sensex fell 104.35 points to close at 78,180.72, while the Nifty slipped 31.65 points to settle at 24,398.70.

10 days ago

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