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Managing Director and CEO of Elara Capital Harendra Kumar. Photo: Special Arrangement Dwindling stock market returns in Indian indices, especially for Foreign Institutional Investors (FIIs) should not determine tax policy changes, said Managing Director and CEO of Elara Capital Harendra Kumar. Speaking to The Hindu on the sidelines of Elara’s annual conclave Ashwamedh, Mr. Kumar…
This image is used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee fell 8 paise to 95.25 against the U.S. dollar in early trade on Monday (August 10, 2026), weighed down by a stronger greenback and a rise in global crude oil prices. However, FII inflows and a rise in the country’s…
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For representative purposes. | Photo Credit: iStockphoto The story so far: For the sixth consecutive day, BSE Sensex closed lower on Wednesday reflective of a major sell-off among foreign institutional investors and portfolio investors (FIIs/FPIs), mixed earnings and apprehensions about the tightening of the (imports’) tariff regime in the U.S. The thirty-share BSE shed 122.52…
Read More “What is contributing to the downturn in Indian markets? | Explained” »
Benchmark indices Sensex and Nifty were trading in the positive territory on Friday (February 7, 2025) after the RBI under new Governor Sanjay Malhotra cut interest rate for the first time in nearly five years. The 30-share BSE benchmark Sensex traded 233.96 points higher at 78,290.08 in the late morning trade. The NSE Nifty quoted…
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From the 30-share Sensex pack, Mahindra & Mahindra, Tata Steel, Adani Ports, JSW Steel, IndusInd Bank, Reliance Industries, HDFC Bank and Kotak Mahindra Bank were the biggest laggards. | Photo Credit: Reuters Equity investors suffered an erosion of ₹13 lakh crore in market valuation in two days of crash in the BSE benchmark Sensex which…
The BSE benchmark Sensex fell by 424.42 points to 79,117.37 in early trade. The NSE Nifty declined 132.7 points to 24,066.65. File | Photo Credit: Reuters The Sensex and Nifty fell in early trade on Friday (November 8, 2024) amid continuous foreign fund outflows and weak trends in blue-chip stocks Reliance Industries and ICICI Bank….
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Image for representative purposes only | Photo Credit: Reuters Benchmark Sensex tanked nearly 942 points to settle at a three-month low while Nifty tumbled more than 1% to close below 24,000 on Monday (November 4, 2024) dragged down by heavy selling in Reliance Industries and banking shares. The 30-share BSE Sensex tumbled 941.88 points or…
From the 30-share Sensex pack, Infosys, ICICI Bank, Kotak Mahindra Bank, Mahindra & Mahindra, State Bank of India, HCL Technologies, Axis Bank, NTPC and HDFC Bank were among the laggards. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty declined on Wednesday (October 30, 2024), dragged down by banking and financial stocks amid weak…
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From the 30 Sensex firms, Power Grid, ICICI Bank, Bharti Airtel, HDFC Bank, Kotak Mahindra Bank, Larsen & Toubro, Adani Ports and UltraTech Cement were among the laggards. | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty retracted from lifetime highs to settle lower on Friday (September 27, 2024) due to profit-taking in frontline…
In a range-bound trade, the 30-share BSE Sensex gained for the second day in a row, rising 102.44 points or 0.13% to close at 80,905.30. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty closed higher on Wednesday (August 21, 2024), helped by gains in FMCG, consumer durables and health-care stocks amid strong buying…
Read More “Markets extend gains on buying in FMCG, consumer stocks; Sensex rises 100 points” »