Mumbai, July 8 (IANS) Indian benchmark equity indices witnessed a sharp selloff on Wednesday, with the Sensex and Nifty falling more than 2 per cent each, as rising crude oil prices, weak global cues and renewed geopolitical tensions dented investor sentiment.The market decline gathered pace during the second half of the trading session after US President Donald Trump said that an interim agreement with Iran to end the conflict was “over”, triggering fresh concerns over escalating tensions in th…
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Mumbai, July 7 (IANS) The market capitalisation (mcap) of all listed companies on the BSE has hit a record high in rupee terms, driven by the sustained rally in stock markets, strong gains in broader markets, easing geopolitical tensions, softer crude oil prices and renewed foreign institutional investor (FII) buying.As of Monday’s close, the combined market capitalisation of all BSE-listed companies stood at a record Rs 482.31 lakh crore, up 17 per cent since the beginning of April. The previou…
New Delhi, July 6 (IANS) Foreign institutional investors (FIIs) were net sellers ($3 billion) in June while domestic institutional investors (DIIs) were net buyers ($9 billion) in the Indian equity market, a report showed on Monday.Over the last 12 months, Indian primary markets recorded FII net inflows of $8.1 billion while secondary markets suffered FII net outflows of $49.3 billion, said the report by JM Financial Institutional.In June, BFSI, Capital Goods, Pharma, Auto and Oil and Gas were t…
Mumbai, July 5 (IANS) The Indian stock market is expected to take cues from the start of the June quarter earnings season, global geopolitical developments, crude oil price movement, foreign investor activity and currency trends in the coming week. After extending gains for a third consecutive session on Friday, benchmark indices will also be closely watched for their response to domestic macroeconomic indicators and global market sentiment.Indian benchmark indices ended higher for the third str…
New Delhi, July 1 (IANS) State-owned oil marketing companies (OMCs) have reduced aviation turbine fuel (ATF) prices by nearly Rs 5 per litre, effective from Wednesday, following a decline in international crude oil prices after easing geopolitical tensions in West Asia.According to the latest price notification, the price of jet fuel in Delhi has been cut to about Rs 110 per litre, coming into effect from July 1.The latest price cut is expected to lower operating costs for domestic carriers, alt…
New Delhi, June 29 (IANS) India managed the energy challenges arising from the Gulf crisis and the US-Israel strike on Iran effectively, ensuring uninterrupted fuel supplies and protecting consumers from sharp price increases, former Director (Exploration) of ONGC, Sushma Rawat, said on Monday.Speaking to IANS on India’s energy security during the geopolitical tensions in West Asia, Rawat said the government’s response to the crisis deserved high marks, as the country successfully maintained sup…
Mumbai, June 28 (IANS) The overall Indian stock market tone has improved following the sharp correction in crude oil prices and the return of selective foreign institutional investor (FII) buying, and a significant trend in the FII activity in the second half of this month is the tapering of FII selling, according to analysts.During the last nine trading days (June 15-June 25), FIIs were buyers in five days in the cash market even though the buying was in limited quantities. The big relentless F…
Mumbai, June 28 (IANS) After ending the holiday-shortened week on a positive note, Dalal Street is likely to take cues from progress in the proposed India-US trade agreement, developments in the Middle East conflict, crude oil prices and foreign investor activity in the coming week. Lower oil prices and improving risk sentiment helped benchmark indices post modest gains during the last week.For the week, the Sensex advanced 0.39 per cent to close at 77,100.47, while the Nifty gained 0.18 per cen…
New Delhi, June 26 (IANS) Goldman Sachs has raised India’s GDP growth forecast to 6.8 per cent for calendar year 2026 from 6.5 per cent earlier, following the US-Iran peace deal that has led to lower global oil prices and eased supply chain disruptions.The investment bank has also raised its FY27 GDP growth forecast for the country by 40 basis points to 6.5 per cent.In its latest report, titled ‘India: Improved macro outlook after the US-Iran deal’, the global investment bank said it has rev…
New Delhi, June 25 (IANS) The government may soon ask airlines to review and reduce surge pricing and additional passenger charges if the recent decline in crude oil and aviation fuel prices proves to be sustainable, Civil Aviation Minister K Ram Mohan Naidu said on Thursday.The Centre is closely monitoring trends in aviation turbine fuel (ATF) prices and has initiated discussions with airlines to assess whether the current easing in fuel costs is likely to continue over the long term.“At pres…