Stock markets rally for 6th day; Sensex up 388 pts, Nifty revisits 26k level

Stock markets rally for 6th day; Sensex up 388 pts, Nifty revisits 26k level

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

RBI’s export relief may weigh on rupee as exporters delay dollar inflows

RBI’s export relief may weigh on rupee as exporters delay dollar inflows

U.S. tariffs dent Indian exports, September shipments fall nearly 12% Recent U.S. tariff measures have taken a clear toll on India’s overseas sales. Shipments to the United States in September dropped by almost 12%, prompting policymakers and industry groups to roll out steps aimed at reducing the shock and protecting exporters. What measures are being … Read more

Rupee rises 3 paise to 88.63 against U.S. dollar

Rupee rises 3 paise to 88.63 against U.S. dollar

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

Rupee falls 6 paise to 88.72 against US dollar in early trade

Rupee falls 6 paise to 88.72 against US dollar in early trade

The Indian rupee opened at 88.70 against the US dollar at the interbank foreign exchange market and slipped to 88.72 in early deals, registering a loss of 6 paise from its previous close. The movement came in the initial rounds of trading as market participants reacted to overnight global cues and domestic positioning. Market snapshot … Read more

Rupee falls 6 paise to 88.72 against U.S. dollar in early trade

Rupee falls 6 paise to 88.72 against U.S. dollar in early trade

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

Rupee dragged by weaker Asian peers, held up by central bank line

Rupee dragged by weaker Asian peers, held up by central bank line

Rupee set to open largely flat against the US dollar The 1-month non-deliverable forward (NDF) suggests the Indian rupee will open largely unchanged against the US dollar. The NDF reference follows the rupee’s Friday close at 88.7425 per dollar. What the 1-month NDF means The 1-month NDF is a short-term forward contract that gives a … Read more

Deutsche Bank’s DWS to buy 40% stake in Nippon Life India’s AIF arm

Deutsche Bank’s DWS to buy 40% stake in Nippon Life India’s AIF arm

DWS plans to acquire a 40% stake in the alternatives unit of Nippon Life India, a move that aims to broaden DWS’s global investment reach and expand its product lineup. The partnership will target both passive strategies and actively managed funds within the alternatives space. What the agreement aims to achieve The minority stake will … Read more

Who is Manoj Gaur? Former Jaypee Infratech executive arrested by ED in ₹14,599cr alleged scam — all you need to know

Who is Manoj Gaur? Former Jaypee Infratech executive arrested by ED in ₹14,599cr alleged scam — all you need to know

Enforcement Directorate arrests former Jaypee Infratech MD On November 13, the Enforcement Directorate (ED) arrested Manoj Gaur, the former managing director of Jaypee Infratech, in connection with an alleged scam valued at ₹14,599 crore. The arrest is part of a wider probe into financial irregularities that have dogged the company for years. Who is Manoj … Read more