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
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.
After a five-day losing streak, Sensex and Nifty rebounded in early trade on Tuesday, driven by value buying and DII support despite continued FII selling.
RBI Governor Sanjay Malhotra expressed confidence that India can achieve a growth rate of over 7 percent and should aspire to do so. Speaking at the post-MPC press conference, he emphasised the balance between inflation control and economic growth, highlighting RBI’s optimistic outlook on inflation and monetary policy.
The Reserve Bank of India has projected a retail inflation of 4.2 percent for FY26, down from 4.8 percent in FY25, citing favourable food conditions but warning of global uncertainties and volatile energy prices.
Anuj Puri, Chairman of ANAROCK Group, discusses the impact of the RBI's repo rate reduction on the housing sector, affordable housing buyers, and the broader real estate market.
The Indian stock market ended nearly unchanged on Budget day, with Nifty and Sensex closing flat after a volatile session. While FMCG and realty stocks surged, IT, banking, and metal sectors faced selling pressure
At the interbank foreign exchange, the rupee opened on a positive note at 86.28 against the greenback
The reserves have been falling, most likely as a result of RBI intervention aimed at forcefully preventing the rupee from depreciating sharply
Indian stock markets opened nearly flat with slight positive movement as experts express concerns over the sustainability of FIIs' buying due to macroeconomic factors like a strengthening US dollar. Market movements are expected to remain moderate until major corporate earnings reports.
In a statement, Adani Enterprises Ltd said it will sell a 31.06 per cent stake to Wilmar International. Another 13 per cent will be sold in the open market to meet minimum public shareholding requirements
The Indian rupee reached a record low of 85.80 against the US dollar during mid-session on December 27, 2024, driven by rising US bond yields, foreign institutional investor (FII) outflows, and increasing crude oil prices
In a statement, Adani Enterprises Ltd said it will sell a 31.06 per cent stake to Wilmar International. Another 13 per cent will be sold in the open market to meet minimum public shareholding requirements
30 December,2024 04:11 PM IST | New Delhi | PTIThe Indian rupee reached a record low of 85.80 against the US dollar during mid-session on December 27, 2024, driven by rising US bond yields, foreign institutional investor (FII) outflows, and increasing crude oil prices
27 December,2024 01:49 PM IST | MumbaiThe Indian stock markets experienced a decline in early trade on Friday, with the BSE Sensex falling by 214 points and Nifty dipping by 63.8 points, driven by continued foreign fund outflows and concerns over US Federal Reserve policies.
20 December,2024 10:11 AM IST | MumbaiIndia’s economy recorded its strongest growth in four months, with the Composite PMI for December rising to 60.7, driven by robust performance in manufacturing and services sectors,
16 December,2024 12:41 PM IST | New DelhiA report by SBI reveals that Indian companies saw a 6% revenue growth in FY24, with a significant rise in profits. However, employee wage growth slowed, reflecting companies' efforts to optimise costs.
16 December,2024 08:50 AM IST | New DelhiADVERTISEMENT
The State Bank of India's report highlights that middle and high-income states have experienced a steeper decline in food inflation compared to low-income states, attributed to labour migration and faster disinflation in wealthier regions.
13 December,2024 09:25 AM IST | New Delhi
India’s edible oil imports surged by 39% in November 2024, driven by a sharp rise in the import of crude sunflower and soyabean oils, according to industry data released by the Solvent Extractors' Association of India (SEA).
12 December,2024 01:48 PM IST | New Delhi
Indian stock markets opened flat today, with the Nifty 50 at 24,604.45 points and the Sensex at 81,476.76 points. Experts predict increased volatility due to the expiry of futures and options contracts, although consolidation remains the broader trend
12 December,2024 09:54 AM IST | Mumbai
RBI extends UPI credit line linking to Small Finance Banks, introduces an AI ethics framework, and launches AI-driven fraud detection to strengthen the financial system.
06 December,2024 12:31 PM IST | New Delhi
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The Union Budget 2024 was announced on 23rd July by Finance Minister Nirmala Sitharaman. While the budget touched upon varied sectors of priorities for the government, it has raised several questions for the middle class. Are the taxes simplified enough? Will the standard deductions given matter much? What should be the right approach to investing? In the episode of Money Matters, Certified Financial Planner and SEBI Registered Investment Advisor Kalpesh Ashar in conversation with Mid-day’s Katyayani Kapoor explains various aspects of personal finance related to this year’s budget. From the widening of the tax slabs, raising STT on F&O, and raising taxes on Capital Gains to the new pension scheme for minors, in this video Kalpesh Ashar busts the myth and explains how these reforms can impact you.
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