Saurabh Mall
India’s trade deficit widened sharply in October, rising to $41.68 billion from $32.15 billion in September. The month‑on‑month increase of $9.53 billion represents roughly a 29.7% jump in the short span of one month. What this widening means A larger trade deficit means the country imported more goods and services than it exported during October. … Read more
Auto and FMCG names lead market gains Shares of Maruti, Mahindra & Mahindra, Tata Motors Passenger Vehicles and ITC emerged as notable gainers in recent trading, drawing attention to a renewed buying interest in auto and consumer-facing stocks. Which stocks stood out Maruti — renewed momentum among passenger vehicle makers. Mahindra & Mahindra — strength … Read more
Core industries show steady expansion in September–October 2024 The government’s core industrial sectors recorded continued growth, with a 3.3% expansion in September and a slightly stronger 3.8% rise in October 2024. These figures point to steady momentum across energy and basic materials that underpin the wider economy. Which sectors contributed? The growth came from the … Read more
Foreign currency assets tick up to $562.29 billion Foreign currency assets, a major component of the country’s reserves, rose by $152 million in the week ended November 14, bringing the total to $562.29 billion, the data released on Friday showed. What the change means The increase was modest — roughly 0.03% of the total — … Read more
Foreign Funds Return to Indian Stocks with ₹283.65 Crore Purchase Foreign institutional investors (FIIs) bought equities worth ₹283.65 crore on Thursday (November 20), exchange data shows. The inflow signals renewed foreign interest in the domestic equity market for that session. What the Purchase Means Market sentiment: FII buying often supports positive market sentiment and can … Read more
Rupee falls to record intra-day low against the dollar The Indian rupee opened at 88.67 on the interbank foreign exchange market and quickly weakened, sliding 82 paise to touch an intra-day low of 89.50 against the US dollar. It later recovered slightly and was trading at 89.40. What happened during trading The session began with … Read more
Adani Group trims stake in AWL to limit exposure Earlier this week, the Adani Group sold a 13% stake in AWL, bringing its direct exposure in the company down to 7%. The move reduces the conglomerate’s holding and reshapes the ownership profile of the listed firm. What happened The group disposed of a sizeable portion … Read more
The Indian rupee inched higher on renewed investor interest and easing global energy prices. A drop in crude oil costs, combined with fresh foreign portfolio inflows into domestic equities, provided support to the currency and eased pressure on the trade deficit. Why lower crude oil prices help the rupee India imports a large share of … Read more
Markets climb as global peers spark intra-day highs Major stock indices pushed up to year-high levels during intra-day trading as a broad rally in global markets lifted investor sentiment. Analysts said the positive momentum abroad worked its way into local markets, encouraging buying across sectors and pushing benchmarks higher. What drove the rally Global cues: … Read more
Rupee slips to intra-day low after opening steady At the interbank foreign exchange market, the rupee opened at 88.63 and then lost ground, touching an intra-day low of 88.74. The modest decline reflects cautious sentiment in currency markets as traders digest global and domestic cues. What pushed the move Movements like this are usually shaped … Read more