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Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards. File | Photo Credit: PTI Benchmark Sensex spurted by 454 points and Nifty closed above 23,300 on Monday (January 20, 2025) following gains in banking stocks, mainly Kotak Mahindra Bank, and firm global trends. The 30-share BSE…
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On January 17, 2025, FIIs were net sellers in the capital markets, offloading shares worth ₹3,318.06 crore. File Photo: C. Venkatachalapathy The rupee appreciated 5 paise to close at 86.55 (provisional) against the U.S. dollar on Monday (January 20, 2025), as an overnight decline in crude oil prices and the U.S. dollar index supported investor…
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FIIs offloaded ₹278.70 crore in the capital markets on a net basis on Monday (December 16, 2024). File | Photo Credit: The Hindu The rupee dropped 1 paisa to hit a new lifetime low of 84.92 against the U.S. dollar in early trade on Tuesday (December 17, 2024), weighed down by foreign fund outflows and…
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Image used for representational purposes. File | Photo Credit: The Hindu The rupee rebounded from its all-time low level and settled with a gain of 10 paise at 84.78 (provisional) against the U.S. dollar on Friday (December 13, 2024), buoyed by a strong recovery in domestic equity markets and easing inflation data. However, a…
Read More “Rupee recovers 10 paise to end at 84.78 against U.S. dollar” »
Representational image. | Photo Credit: The Hindu In early trade on Tuesday (November 5, 2024), the rupee fell 2 paise to an all-time low of 84.13 against the U.S. dollar, as persistent foreign fund outflows and a muted trend in domestic equities dented investor sentiments. Forex traders said all eyes are on the U.S….
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Bombay Stock Exchange. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty ended lower on Friday (October 11, 2024), dragged by selling in banking, utility and financial stocks as investors turned cautious ahead of key macro data. Besides, a mixed trend in global equity markets and unabated foreign fund outflows also hit investors’…
Read More “Markets settle lower ahead of key macro data; Sensex falls 230 points” »
Equity benchmark index Sensex rebounded nearly 100 points to hit a lifetime closing high on Monday (September 16, 2024), while the broader Nifty ended just shy of its record peak, propelled by bargain hunting in energy, utility and banking stocks amid sustained foreign fund inflows. The 30-share BSE Sensex climbed 97.84 points or 0.12% to…
Image used for representational purpose. | Photo Credit: PTI Equity benchmark indices rebounded in early trade on Monday (September 16), with the Nifty hitting a fresh all-time high level, amid foreign fund inflows and a rally in the U.S. markets. The 30-share BSE Sensex climbed 180.92 points to 83,071.86 in early trade. The NSE Nifty…
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For representative purposes. | Photo Credit: Getty Images Contrary to popular wisdom, financial markets today are not as efficient as they used to be just a few decades ago, argues billionaire investor and co-founder of AQR Capital Management Clifford S. Asness in his forthcoming paper “The Less-Efficient Market Hypothesis” in the Journal of Portfolio Management….
The announcement of a hike in securities transaction tax and short term capital gains tax in the Budget for 2024-25, impacted markets’ sentiment negatively during the initial trade on July 25, 2024. Equity market benchmark indices Sensex and Nifty tumbled in early trade on July 25, continuing to decline for the fifth day running, dragged…
Read More “Sensex, Nifty tumble in early trade on weak global cues” »