Mumbai, Feb 25 (IANS) Indian stock markets ended slightly higher on Wednesday, even though they gave up most of their early gains during the day. Heavyweights like Reliance Industries and State Bank of India put pressure on the indices, while buying in metal and IT stocks helped limit the losses.The Nifty closed 57.85 points, or 0.23 per cent, higher at 25,482.50. The Sensex ended up 50.15 points, or 0.06 per cent, at 82,276.07.Analysts said that the 25,400 level is acting as immediate structura…
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Mumbai, Feb 20 (IANS) Earnings of Nifty 50 companies showed a year‑on‑year contraction in the December quarter for the first time in 13 quarters, even as top-line growth returned to double digits, as per industry data.Excluding banks, financial services and oil and gas firms, aggregate revenue rose 10 per cent in the quarter — the first double‑digit increase since the March 2023 quarter but aggregate profits dipped due to one‑time accounting impact of India’s new Labour Codes.Operati…
New Delhi, Feb 19 (IANS) Sam Altman, CEO of OpenAI, on Thursday said that with the ‘OpenAI for India’ initiative, they are working together to build the infrastructure, skills and local partnerships needed to build “AI with India, for India, and in India”.At the ‘India AI Impact Summit 2026’ here, the US-based ChatGPT maker launched the nationwide initiative with leading Indian partners to expand access to AI and unlock its economic and societal benefits in the world’s largest democrac…
Washington, Feb 19 (IANS) Brazilian President Luiz Inacio Lula da Silva’s visit to India for the ongoing AI Impact Summit, followed by a full-fledged state visit, signals a deliberate attempt by the two largest democracies of the Global South to elevate ties beyond multilateral coordination and into a deeper economic and strategic partnership, a senior US-based economist working on India-Brazil ties has said. “This Brazil visit is very significant,” said Dr Anit Mukherjee, Senior Fellow at ORF A…
Amaravati, Feb 13 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Friday that Telangana’s objection to the Polavaram-Nallamala Sagar Link Project is unjustified. Speaking in the Assembly session during the discussion on the motion thanking the Governor’s address, he said every year, 3,500 TMC of Godavari floodwaters go waste into the sea. The state government is planning to divert 200 TMC to Nallamala Sagar.As Telugu states, both should utilise water judiciously. Obstructing …
Amaravati, Feb 12 (IANS) YSR Congress Party’s allegations of irregularities in land allotments to companies in Visakhapatnam triggered a heated debate in the Andhra Pradesh Legislative Council on Thursday, leading to a walk-out by the main opposition party.Leader of Opposition Botsa Satyanarayana led the walkout after heated exchanges between the main opposition and the Telugu Desam Party (TDP), which is heading the coalition government.YSRCP members alleged that the government was allotting l…
Mumbai, Feb 12 (IANS) Indian stock markets ended lower on Thursday as heavy selling in major IT stocks pulled the benchmark indices into negative territory. Weak sentiment in the technology sector outweighed gains seen in select banking and finance stocks.The Sensex closed at 83,674.92, slipping 558.72 points, or 0.66 per cent. Meanwhile, the Nifty settled at 25,807.2, down 146.65 points, or 0.57 per cent, from the previous close.“As long as Nifty trades below the 25,840–25,900 resistance ba…
Mumbai, Feb 4 (IANS) Indian equity markets closed almost flat on Wednesday, snapping a two-day rally, as a sharp fall in information technology (IT) stocks weighed on the benchmark indices. Investor sentiment turned cautious after fresh concerns about advances in artificial intelligence (AI) hit global software stocks.At the closing bell, the Nifty rose 48.45 points, or 0.19 per cent, to settle at 25,776.00. The Sensex gained 78.56 points, or 0.09 per cent, to end at 83,817.69.Nifty traded in a …
Mumbai, Feb 2 (IANS) Indian equity markets bounced back strongly in the final hour of trade on Monday, helped by late buying in heavyweight stocks such as Adani Ports, Bharat Electronics, L&T, Mahindra & Mahindra, ICICI Bank and HDFC Bank.The Sensex recovered sharply from its intra-day low of 80,387.25. It jumped as much as 1,345 points to touch a high of 81,732 before closing at 81,666. The index ended the day up 944 points, or 1.17 per cent.Similarly, the Nifty moved in a wide range du…
Mumbai, Feb 1 (IANS) Indian stock markets witnessed a sharp fall on Budget Day as investors reacted negatively to the government’s decision to raise the Securities Transaction Tax (STT) on futures and options trading.The benchmark indices Sensex and Nifty recorded their biggest Budget-day decline in six years, with both ending around 2 per cent lower in a special trading session held on February 1.By the end of the session, the Sensex closed at 80,723, while the Nifty settled at 24,825, losing…