Rupee surged to 83.04 against US dollar after exit poll result
The rupee surged 38 paise to reach its three-month high level of 83.04 against the US dollar. The country's Goods and Services Tax (GST) receipts increased 10 per cent to Rs 1.73 lakh crore in May. On Friday, foreign investors bought shares worth a net of Rs 1,613.24 crore.
03 June,2024 12:16 PM IST | Mumbai | mid-day online correspondent
The sensex hit high records after exit polls predicted a resounding victory for the BJP-led NDA in the Lok Sabha Elections 2024.
03 June,2024 11:25 AM IST | Mumbai | mid-day online correspondent
In the previous reporting week, the kitty had reached an all-time high of USD 648.7 billion after a jump of USD 4.549 billion
01 June,2024 08:17 AM IST | Mumbai | Agencies
Governor Shaktikanta Das announced the second bi-monthly monetary policy for the financial year 2024-25 at 10 am on Friday. The RBI's repo rate, is currently held at 6.50 per cent, unchanged since February 2023.
07 June,2024 11:43 AM IST | Mumbai | mid-day online correspondentPrivate banks outperformed the Nifty, with HDFC Bank, Axis Bank, RBL Bank, ICICI Bank, IndusInd Bank, and Kotak Bank all making large gains.
19 June,2024 04:05 PM IST | Mumbai | mid-day online correspondentSEBI highlighted risks of low-turnover derivative equities in a recent consultation paper, including potential market manipulation, higher volatility & weaker investor protection.
18 June,2024 01:38 PM IST | Delhi | mid-day online correspondentThe top gainers in the Nifty 50 were Adani Enterprises, Wipro, Adani Ports, Mahindra & Mahindra, and Titan. The top losers were Dr Reddy's, Maruti, TCS, HDFC Life, and Divis Labs.
18 June,2024 12:48 PM IST | Mumbai | mid-day online correspondentIn terms of sector-wise hiring, the Banking, Financial Services and Insurance (BFSI) sector employs the largest percentage of LGBTQIA+ talent of the available workforce at 18-20 per cent, followed by the IT sector at 15-18 per cent, and the consulting sector at 12-15 per cent
14 June,2024 02:05 PM IST | Mumbai | IANSThe 30-share BSE Sensex rose 538.89 points to a lifetime high of 77,145.46, while the NSE Nifty gained 158.1 points to a record high of 23,481.05
13 June,2024 11:07 AM IST | Mumbai | mid-day online correspondentAt the interbank foreign currency market, the rupee began at 83.52 and fell to 83.54 against the dollar, a 6-paise reduction from its previous closing level.
13 June,2024 10:07 AM IST | Mumbai | mid-day online correspondentStock market today: Indices open flat amid weak global cues and tariff concerns
Indian equity indices opened flat on Wednesday, reflecting cautious investor sentiment amid global trade tensions and fresh US tariff concerns. Gains in banking and finance stocks balanced losses in IT and auto sectors
17 April,2025 11:10 AM IST | Mumbai | mid-day online correspondentAffordable housing stock drops 19 per cent in Q1, luxury stock up 24 per cent
A new ANAROCK report reveals a 19 per cent annual drop in unsold affordable housing across India's top seven cities by Q1 2025-end, driven by limited new supply and end-user demand. Meanwhile, unsold luxury housing stock rose 24 per cent during the same period, mainly due to increased launches and cautious investor sentiment.
14 April,2025 01:39 PM IST | Mumbai | mid-day online correspondentRBI announces six key measures to strengthen India's banking, fintech, payments
The central bank also plans to harmonise the regulations governing non-fund-based credit facilities, such as bank guarantees and letters of credit, across financial institutions
09 April,2025 01:16 PM IST | Mumbai | mid-day online correspondentRBI cuts repo rate to 6 per cent to support growth amid global uncertainties
In a move to bolster growth amid global headwinds, the Reserve Bank of India has reduced the repo rate by 25 basis points to 6 per cent. The central bank remains cautiously optimistic about domestic growth and inflation projections.
09 April,2025 11:13 AM IST | Mumbai | mid-day online correspondentStock markets remain shut for Holi, trading to resume on March 17
The holiday marks the arrival of spring and has resulted in a pause in trading activities on the domestic stock exchanges. The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) announced the closure of all market segments, including derivatives, securities lending and borrowing (SLB), equity, and currency trading
14 March,2025 11:04 AM IST | Mumbai | mid-day online correspondentIndusInd Bank stock falls 23 percent to 52-week low on derivatives discrepancies
IndusInd Bank shares dropped 23 percent, hitting a 52-week low, after revealing discrepancies in its derivatives portfolio, with an estimated impact of Rs 1,500 crore.
11 March,2025 01:24 PM IST | MumbaiBudget 2025: What is Direct Tax Code? Will it replace the Income Tax Act 1961?
Finance Minister Nirmala Sitharaman in her July 2024 Budget speech announced a comprehensive review of the Income Tax Act 1961. She had also announced that a new tax system would eventually be introduced to make the tax concise and easy to understand. Will the Direct Tax Code replace the Income Tax Act 1961 this Budget 2025? But what is Direct Tax Code, or DTC? Here is all you need to know.
Stock market today: Sensex and Nifty dip slightly as US tariff tensions loom
Indian stock markets began Wednesday on a cautious note, with the Sensex and Nifty opening slightly lower due to weak global cues and US tariff-related uncertainties. Experts weigh in on technical patterns, FPI inflows, and positive sentiment driven by a dip in inflation
16 April,2025 11:56 AM IST | Mumbai | mid-day online correspondentStock market today: Nifty climbs 500 points as global cues turn positive
Indian stock markets opened with a sharp rally as hopes of easing US-China trade tensions lifted investor sentiment. Sensex and Nifty registered strong gains after the US hinted at temporary tariff relief in key sectors
15 April,2025 11:02 AM IST | Mumbai | mid-day online correspondentIndian stock markets closed today for Ambedkar Jayanti
Indian stock markets remain closed today in observance of Dr. B.R. Ambedkar Jayanti. Markets ended last week on a high, despite early volatility triggered by global trade concerns
14 April,2025 10:59 AM IST | Mumbai | mid-day online correspondentIndian stock markets rebound after Monday’s plunge, Nifty crosses 22,500
A day after a steep decline triggered by global tariff concerns, Indian stock markets opened higher on Tuesday with both Sensex and Nifty making significant gains, led by strong sectoral performance
08 April,2025 10:43 AM IST | Mumbai | mid-day online correspondentStock market today: Indian markets gain momentum as IT, banking stocks shine
Indian stock markets opened with marginal gains as banking and IT stocks led the rally. Investors await the US tariff announcement, which could impact trade and Indian exporters
02 April,2025 11:08 AM IST | Mumbai | mid-day online correspondentSensex climbs 311.90 points, Nifty at 23,751.50 as market rally stays strong
Indian stock markets continued their rally for the seventh consecutive session, with Nifty opening at 23,751.50 and Sensex rising by 311.90 points. Strong FPI inflows and positive global cues fuelled the surge, though analysts advise caution over resistance levels
25 March,2025 01:52 PM IST | Mumbai | mid-day online correspondentBudget 2025: New Income Tax Bill likely to be tabled in Parliament on Thursday
The number of pages has been reduced substantially to 622, almost half of the current voluminous Act which includes amendments made over the last six decades
12 February,2025 12:31 PM IST | New Delhi | PTI72% of taxpayers opt for New Tax Regime while filing ITR for AY 2024-25
5.27 crore have been filed in the New Tax Regime while the remaining 2.01 crore ITRs are filed in the Old Tax Regime
02 August,2024 04:28 PM IST | Mumbai | mid-day online correspondent31 per cent of women buy homes for investment, 69 per cent are end-users: Report
The study said that the new development shows a clear indicator of a strengthening investment approach among India's women property buyers
27 February,2025 03:18 PM IST | Mumbai | mid-day online correspondentQIP fundraising hit a record high in 2024; real estate leads with Rs 22,320 cr
Five Nifty indices surged over 30% in 2024 with the Real Estate index securing the 4th spot, posting a strong 34.67% annual gain
13 February,2025 02:07 PM IST | Mumbai | mid-day online correspondentRupee settles flat, gains 1 paisa against US dollar on month-end demand
The rupee held steady against the dollar on Thursday, rising by 1 paisa to close at 84.07 amidst month-end demand and potential RBI intervention. Foreign fund outflows and importer demand weighed on the currency as it neared record low levels.
31 October,2024 04:34 PM IST | MumbaiCREDAI-MCHI report shows surge in housing sales in MMR
The report highlights a substantial surge in sales in certain regions, including South Mumbai, which saw a 41 per cent increase driven by the redevelopment of old buildings into luxury projects
02 July,2024 10:35 AM IST | Mumbai | mid-day online correspondent