The Indian currency slid sharply as forex analysts pointed to a wave of selling in global IT stocks and growing uncertainty around the proposed India‑U.S. trade deal. Market participants say the combination of a risk‑off mood and unclear trade talks pushed investors toward the dollar, putting pressure on the rupee. Why the rupee weakened Massive … 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 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
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
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 closes at 88.71 against the US dollar The rupee finally settled for the day at 88.71 (provisional) against the greenback, slipping 23 paise from its previous close. The move reflects continued sensitivity in currency markets as investors weigh global and domestic developments. What this means At 88.71, the rupee is marginally weaker, which can … Read more
Benchmark Indexes Rise to Fresh Highs The benchmark stock indices extended gains, with the Sensex climbing to a 52-week high of 85,470.96 and the Nifty moving up to 26,136. The move reflected broad-based buying across major sectors and an upbeat investor mood. What drove the rally Strong buying in financials and consumer stocks: Banks and … Read more
Brent crude futures edged up, trading 0.28% higher at $63.69 per barrel. The modest gain reflects a market balancing supply signals and demand expectations as traders weigh economic data and geopolitical developments. Market snapshot The small uptick in Brent suggests cautious optimism among oil traders. Futures movements often respond quickly to shifts in global growth … Read more
Dollar index edges up, trading at 99.63 The dollar index, which measures the greenback’s strength against a basket of six currencies, ticked 0.18% higher and was trading at 99.63. The move signals a modest uptick in demand for the U.S. dollar during the latest session. Why this matters Global trade: A stronger dollar often makes … Read more