Mumbai, Feb 5 (IANS) The Indian equity markets ended lower on Thursday breaking a three-day winning streak, as investors waited on the sidelines for clarity on global macro developments and trends in foreign institutional flows.At the closing bell, the Sensex lost 503 points, or 0.60 per cent to settle at 83,313. The Nifty declined 113 points, or 0.52 per cent, to close at 25,642.The broader markets posted strong losses as Nifty Midcap 100 index lost 0.28 per cent, while the NSE Smallcap 100 she…
Latest Indian Rupee News & Updates
New Delhi, Feb 5 (IANS) The Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming policy decision on Friday, as despite policy rate easing, government bond yields have exhibited persistent hardening in recent periods, among other reasons.According to economists, the choice of eligible securities itself may influence the effectiveness of OMO operations, even when the aggregate quantum of liquidity injection is unchanged.“We believe that the choice of eligible securities i…
New Delhi, Feb 4 (IANS) India now has one of the lowest tariffs among key Asian countries, with the US-India trade deal resulting in a reduction in tariffs on Indian goods to 18 per cent from 50 per cent earlier, and this will help in improving the country’s export competitiveness, according to an SBI Research report released on Wednesday.The tariff rate for India is even lower than Vietnam, which is one of the major trading partners of the US, enabling Indian exports to regain competitiveness…
Mumbai, Feb 3 (IANS) Indian stock markets witnessed a strong rally on Tuesday as investors cheered the finalisation of the long-awaited India–US trade deal.Both benchmark indices, the Sensex and the Nifty, posted sharp gains — reflecting positive sentiment across Dalal Street.By the end of the trading session, the Sensex jumped 2,072.67 points, or 2.54 per cent, to close at 83,739.13.Meanwhile, the Nifty climbed 639.15 points, or 2.55 per cent, to settle at 25,727.55.“The key support zone r…
Mumbai, Feb 3 (IANS) The Indian rupee surged over 1 per cent on Tuesday, trading at 90.29 to the US dollar, following an India-US trade agreement that sparked investor optimism and prompted foreign inflows.The local currency had closed at 91.53 on Monday, reaching a two-week high to gain 48 paise in the prior session, after the Reserve Bank of India reportedly intervened in the spot market.Analysts said the rupee’s surge to the dollar pair was higher before it consolidated 90.20–91.20 zone. …
Mumbai, Feb 3 (IANS) Shiv Sena Uddhav Balasaheb Thackeray (UBT) on Tuesday claimed that Union Finance Minister Nirmala Sitharaman presented yet another budget in Parliament on February 1, which was a “magical collection of imaginary baits swapping the old unfulfilled promises for distant dreams of 2047”.The Thackeray camp in the party’s mouthpiece ‘Saamana’ editorial said, “While the government talked about 12 years of robust economic growth, the immediate aftermath of the 85-minute speech saw a…
New Delhi, Jan 29 (IANS) Chief Economic Adviser V. Anantha Nageswaran said on Thursday that the weakness of the Indian rupee compared to the US dollar is not out of line with other emerging market currencies, which are also going through the same geopolitical risks.Responding to an IANS question in the national capital, Nageswaran said that as the fundamentals continue to display strength and solidity, investors will reappraise their stance towards the Indian currency.”If we continue on the path…
New Delhi, Jan 27 (IANS) Global currency markets are witnessing heightened volatility as the US Dollar continues to lose strength against major currencies, but Indian rupee has found relative stability and weakness in dollar could lead to FII inflows, a report said on Tuesday.The report from Emkay Wealth Management Limited said the volatility in global currency markets and decline of dollar is driven by expectations of further US Federal Reserve rate cuts and geopolitical developments.The US Fed…
Mumbai, Jan 6 (IANS) Indian equity benchmark indices slipped for a second consecutive session on Tuesday, weighed down by sharp losses in heavyweight stocks such as Reliance Industries and Trent. Weakness in these large stocks kept overall market sentiment under pressure throughout the day. At the close of trade, the Nifty ended at 26,178.70, down 71.6 points or 0.27 per cent.“The index remains in a short-term consolidation phase amid tariff-related and geopolitical uncertainties, while holdin…
Mumbai, Jan 4 (IANS) The Indian stock market is expected to stay active in the coming sessions as investors assess a combination of domestic economic signals and global developments. With the Q3 earnings season approaching, market sentiment will be guided by key data releases, geopolitical developments and trends in commodities and currencies.Commenting on Nifty technical outlook, an analyst said that “on the upside, immediate resistance is placed at 26,400, followed by 26,500 and 26,600, whil…