Mumbai, May 12 (IANS) Indian equity benchmarks extended their losses for a second straight session on Tuesday as escalating tensions in West Asia, surging crude oil prices and concerns over the broader economic fallout triggered a sharp selloff across sectors.The 30-share Sensex plunged 1,456.04 points, or 1.92 per cent, to close at 74,559.24, while the Nifty declined 436.3 points, or 1.83 per cent, to settle at 23,379.55.Commenting on Nifty technical outlook, experts said that 23,300 now acts a…
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New Delhi, April 27 (IANS) Investment share in India’s gold consumption rose to 42 per cent in CY25 from 29 per cent in CY24 as investment demand surged, led by gold ETFs and bar-and-coin buying, reflecting safe-haven demand, diversification motives and geopolitical uncertainty, a report showed on Monday.Global gold demand reached a record in CY25, up 8 per cent YoY to roughly 5,000 metric tonnes (MT), driven primarily by robust investment demand despite sharply higher gold prices and macroeco…
New Delhi, March 31 (IANS) The Department of Fertilisers exchanging Green Ammonia agreements for 11 projects under the National Green Hydrogen Mission will reduce carbon emissions and ensure long-term energy security and self-reliance, said Union Minister of Chemicals and Fertilisers, JP Nadda on Tuesday.He called the exchange of Green Ammonia Agreements a historic step in India’s journey towards sustainable fertilizer production, adding that the initiative reflects the government’s unwavering…
New Delhi, Jan 8 (IANS) BMW Group India on Thursday delivered its best-ever annual performance in 2025, recording highest car sales of 18,001 units, a strong 14 per cent year-on-year (YoY) growth that outpaced the average growth rate of India’s luxury car segment. The robust performance highlights rising demand for BMW and MINI vehicles despite a challenging and competitive market environment.Out of the total sales, BMW accounted for 17,271 units, while MINI sold 730 cars during the year.In ad…
New Delhi, Dec 24 (IANS) Although 63 per cent of total market capitalisation appears overvalued, Indian market’s “inside” still offers rich opportunities for active investors, a report said on Wednesday outlining opportunities in 2026.The report from OmniScience Capital said that 36 out of 100 large caps and 46 out of 150 mid-caps are undervalued or fairly valued despite Nifty 500’s valuation at over 24 times price‑to‑earnings appears elevated against 11 per cent growth.The firm cite…
Mumbai, Dec 20 (IANS) Foreign institutional investors (FIIs) have net sold shares worth Rs 21,104 crore in December, but there are signs of a reversal of foreign institutional investor outflows due to macro strength and earnings visibility, analysts said on Saturday.Strengthening of the currency in the last two days has helped to stem the tide of FII selling, they said. During the last three trading days, FIIs were buyers in the cash market with a total buy figure of Rs 3,596 crore.”As the year …