Sensex sees broad weakness as several large-cap names lag Shares of key Sensex firms slipped, with Tech Mahindra, Infosys, Bajaj Finance, Bajaj Finserv, Eternal, Adani Ports, Hindustan Unilever and Bharat Electronics emerging as the major laggards. The dip reflects selective selling in both tech and financials, along with pressure in consumer and infrastructure-linked stocks. Who … Read more
Rupee Holds Ground as Foreign Funds and Weak Dollar Provide Support The Indian currency showed resilience recently, helped by a mix of steady foreign fund inflows, a softer greenback and lower crude oil prices. These factors combined to ease downward pressure and stabilise the rupee against major currencies. Key drivers behind the stability Foreign fund … Read more
The Indian rupee remained under pressure despite a set of factors that would normally help the currency. Forex analysts said a weaker US dollar, softer crude oil prices and some inflows of foreign capital into domestic equities were not enough to steady the rupee. Why the expected support didn’t materialise Several market dynamics can blunt … Read more
Asian markets slide as major indexes trade sharply lower Stocks across Asia fell sharply, with South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite, and Hong Kong’s Hang Seng all trading notably lower. The move reflected broad risk-off sentiment among investors. Market snapshot Kospi: Heavy selling weighed on equities, led by technology and export-related names. … Read more
Sensex Extends Winning Run to Six Days The 30-share BSE Sensex continued its upward trajectory for the sixth straight session, rising 388.17 points or 0.46% to close at 84,950.95. Market Snapshot The sustained climb reflects steady buying interest and improving investor sentiment. The index’s sixth consecutive gain underlines a period of momentum that market participants … Read more
Market snapshot The Indian rupee opened the day at 88.70 against the US dollar in the interbank foreign exchange market. During the session it strengthened to an intra-day high of 88.56 before slipping to a low of 88.73. What the numbers show The currency traded in a narrow range, reflecting modest intraday volatility. An intra-day … Read more
Shares in Japan’s retail and property-linked names slipped as investors reacted to shifting consumer patterns and intense competition from discount retailers. Sharp drops for department store and nearby property Takashimaya, a long-standing department store group, saw its stock fall about 6% on the latest trading session. Nearby Pan Pacific — located close to the popular … Read more
Dollar Index Edges Higher The dollar index, which tracks the greenback against a basket of six major currencies, was trading 0.15% higher at 99.35. This modest uptick signals a slightly firmer U.S. currency in global foreign exchange markets. What the Move Means A small rise in the dollar index can have broad, immediate effects across … Read more
Markets opened lower as the 30-share BSE Sensex slipped into the red, dropping 449.35 points (0.53%) to 84,029.32. The NSE Nifty mirrored the weakness, down 138.35 points (0.53%) at 25,740.80 in early trade. Early trading tone The initial weakness suggested cautious investor sentiment at the start of the session. Short-term profit-taking and a wait-and-watch mood … Read more
Political Mandate Boosts Market Sentiment, Helps Support Rupee Forex traders said a rebound in domestic equities following a sweeping mandate for the ruling alliance in the Bihar polls supported the rupee at lower levels. The strong electoral outcome appears to have eased political uncertainty and lifted investor confidence, helping the local currency find firmer footing … Read more