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 correspondentThe 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 correspondentIn 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 | AgenciesGovernor 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 correspondentIndia'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 correspondentSensex 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 | MumbaiAdani 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 | PTIRupee 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 | MumbaiSensex 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 | MumbaiIndian 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 DelhiRetirement Planning: Want to retire early? Will FIRE strategy really help?
At one point of time, 60 years was the base retirement age. But times have changed now and youngsters want to retire by their 30’s. FIRE method has emerged as a very famous tool to achieve that. Choose FIRE to RETIRE! This has been the mantra given by many finance gurus when it comes to early retirement. But will this really work for you? In this episode of Money Matters, SEBI Registered financial advisor Kalpesh Ashar in conversation with Katyayani Kapoor breaks the myth of the FIRE strategy and where it is flawed when it comes to retirement planning. Take a look.
Sensex crashes by 1258 pts, Nifty hits 23616 as China HMPV virus spooks market
Indian stock markets saw a sharp drop on January 6, with both Sensex and Nifty falling over 1.5% due to continued foreign fund outflows, concerns over third-quarter earnings, and fears about the new HMP virus.
06 January,2025 04:30 PM IST | MumbaiMarkets rise on IT and bank stock gains; Sensex up 242.95 points
Benchmark indices Sensex and Nifty rise in early trade on strong buying in IT and banking stocks, led by key companies like Bajaj Finance, Infosys, and HCL Tech. The GST collection data adds to positive sentiment.
02 January,2025 10:09 AM IST | MumbaiRupee drops 11 paise to 85.75 against US dollar in early trade
The Indian rupee weakened by 11 paise, reaching 85.75 against the US dollar in early trade, as the dollar index remained strong and foreign fund outflows dampened market sentiment. The outlook for the rupee remains under pressure with global markets experiencing lower trading volumes.
02 January,2025 09:58 AM IST | MumbaiSensex and Nifty open lower on the first trading day of 2025
Indian markets opened lower in 2025, with Sensex and Nifty both dipping due to ongoing foreign fund outflows and cautious investor sentiment ahead of earnings season.
01 January,2025 11:01 AM IST | MumbaiRupee slips to 85.69 against US dollar in early trade
The Indian rupee depreciated by 5 paise to 85.69 against the US dollar in early trade, influenced by a stronger dollar and continued foreign fund outflows. Market analysts suggest limited cash dollar demand due to the holiday season.
01 January,2025 10:53 AM IST | MumbaiNifty open at gap up, trades above 23,800 mark
Indian stock markets opened with gains today, with the Nifty 50 and BSE Sensex showing positive movement. Experts remain cautious as foreign investor selling pressure continues, but optimism for a year-end rally persists.
27 December,2024 09:51 AM IST | Mumbai72% 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 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