New Delhi, March 11 (IANS) Strong services exports and steady remittance inflows could help cushion the impact of rising crude oil prices on India’s economy, even as the country remains heavily dependent on imported energy, a report showed on Wednesday.According to the report by DSP Netra, crude oil continues to be one of the most critical variables for India’s macroeconomic stability, particularly as the rupee has weakened recently amid rising global oil prices.India consumes about 5.3-5.5 …
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New Delhi, March 8 (IANS) The Congress Parliamentary Strategy Group meeting discussed national and international issues and decided to raise foreign policy, unemployment and economic issues prominently during the second part of the Budget Session of Parliament starting on Monday, a party MP said.In light of the conflict in the Gulf, the Congress has decided to raise issues related to its implications, the fall in the rupee and our foreign policy deviation, said Congress MP from Rajya Sabha Syed …
New Delhi, March 8 (IANS) Foreign portfolio investors withdrew Rs 21,831 crore from Indian equities over the last week from four trading sessions amid deteriorating global risk sentiment tied to the West Asia conflict, exchange data showed.The recent sell-off followed a strong February, when FPIs infused Rs 22,615 crore into Indian equities, posting the largest monthly inflow in 17 months.Foreign investors were net sellers for three straight months prior to February, pulling Rs 35,962 crore in J…
Mumbai, March 5 (IANS) The Indian equity markets gained moderately in early trade on Thursday, tracking gains in Asian peers despite rising tensions in the Middle East.As of 9.30 am, Sensex gained 246 points, or 0.31 per cent, to reach 79,362 and Nifty added 84 points, or 0.35 per cent, at 24,565.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 added 1.02 per cent, and the Nifty Smallcap 100 gained 1.11 per cent.All sectoral indices traded in green exc…
Mumbai, Feb 27 (IANS) The Indian equity benchmarks posted huge losses on Friday, amid heavy FII selling and weak global cues.At the closing bell, Sensex lost 961 points, or 1.17 per cent to settle at 81,287. The Nifty lost 317.90 points, or 1.25 per cent, to close at 25,178.Nifty Midcap 100 index performed in line with the benchmark as it dipped 1.10 per cent, while the NSE Smallcap 100 declined 1.10 per cent. Nifty Next50 lost 1.30 per cent.Sectoral indices traded mostly in the red except IT, m…
Mumbai, Feb 18 (IANS) The Indian equity benchmarks made considerable gains on Wednesday, even as selling of information technology stocks continued weighing on investor sentiments.The strength in banking, metal, and FMCG stocks helped counterbalance sharp selling in the IT sector.At the closing bell, Sensex gained 283 points, or 0.34 per cent to settle at 83,734. Nifty added 93 points, or 0.37 per cent, to close at 25,819.The broader markets performed in line with benchmark indices, as Nifty Mid…
New Delhi, Feb 17 (IANS) The Reserve Bank of India’s (RBI) monetary policy committee (MPC) is likely to keep policy rates unchanged in FY27 as consumer price index (CPI) inflation is expected to see an uptick, a report said on Tuesday.The report from Crisil Ratings said that CPI inflation will rise as the food inflation normalises, adding that the non‑food inflation should remain benign, helped by lower crude oil prices and continued benefits of goods and services tax cuts in the first half of…
Mumbai, Feb 17 (IANS) Indian benchmark indices ended higher for the second consecutive session on Tuesday, supported by gains in public sector banks and information technology (IT) stocks, even as global cues remained largely muted.The 30-share Sensex closed at 83,450.96, rising 173.81 points or 0.21 per cent. The broader Nifty settled at 25,725.40, up 42.65 points or 0.17 per cent.Expert said that the recovery lifted the index above 25,700; however, upside momentum repeatedly encountered supply…
Chennai, Feb 16 (IANS) Tamil Nadu can achieve its ambitious $1-trillion economy milestone by 2031 if it sustains its 2024-25 nominal growth rate of 16 per cent, according to the Economic Survey of Tamil Nadu 2025-26. The projection assumes a medium-term 2 per cent annual appreciation in the value of the US dollar against the rupee.If the dollar strengthens at a higher short-term rate of 3.5 per cent annually, the milestone could be delayed by a year, the Survey noted.The 263-page report, prepare…
Mumbai, Feb 16 (IANS) Indian benchmark indices staged a strong late rally on Monday, snapping the two-day losing streak, as buying in banking stocks lifted market sentiment.The 30-share Sensex ended 650.39 points, or 0.79 per cent, higher at 83,277.15. The broader Nifty rose 211.65 points, or 0.83 per cent, to close at 25,682.75.Commenting on Nifty technical outlook, experts said that the broader structure remains positive as long as the 25,500–25,400 support zone is defended.“On the upside,…