Stock 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
Affordable 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.
RBI 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
RBI 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.
Stock 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
IndusInd 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.
Markets rebound after five-day slump as Sensex and Nifty recover
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.
India can certainly achieve over 7 percent growth, says RBI Governor Malhotra
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.
RBI forecasts 4.2 percent inflation for FY26, a decline from FY25 estimate
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.
Reduced repo rates to keep residential momentum going, Anuj Puri highlights
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.
Nifty, Sensex end flat on Budget day; FMCG and realty stocks rally
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
Rupee falls 14p to 86.59 against dollar
At the interbank foreign exchange, the rupee opened on a positive note at 86.28 against the greenback
Nifty, Sensex end flat on Budget day; FMCG and realty stocks rally
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
01 February,2025 04:39 PM IST | Mumbai
Rupee falls 14p to 86.59 against dollar
At the interbank foreign exchange, the rupee opened on a positive note at 86.28 against the greenback
22 January,2025 08:13 AM IST | Mumbai | Agencies
India's forex reserves steadily declines, kitty now stands 10 percent below peak
The reserves have been falling, most likely as a result of RBI intervention aimed at forcefully preventing the rupee from depreciating sharply
05 January,2025 04:48 PM IST | New Delhi | mid-day online correspondent
Sensex drops 400 pts after briefly hitting 80k, Nifty around 24,100
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.
03 January,2025 10:03 AM IST | Mumbai
Adani to exit Adani Wilmar, raise over USD 2 billion
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 | PTIADVERTISEMENT
Rupee hits new all-time low of 85.80 in mid-session amid rising FII outflows
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
27 December,2024 01:49 PM IST | Mumbai
Sensex drops by 214 points and Nifty slips by 63.8 points in early trade
The 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 | Mumbai
Indian economy ends 2024 with strong growth as PMI hits 60.7 in December
India’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 Delhi
6% revenue growth for Indian companies in FY24, wage growth slows: SBI Report
A 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 Delhi
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Union Budget 2024: How will budget impact your Income, Savings & Taxes?
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.