Eight of India’s top 10 most valued companies added a combined Rs 1.90 lakh crore in market capitalisation last week, supported by a strong rally in the equity markets. ICICI Bank emerged as the biggest gainer, followed by HDFC Bank and State Bank of India. The gains came as benchmark indices ended higher after a volatile week. The BSE Sensex rose 1,284.61 points, or 1.73 per cent, while the NSE Nifty gained 256.2 points, or 1 per cent. ICICI Bank Tops The Gaine
Eight of India’s top 10 most valued companies added a combined Rs 1.90 lakh crore in market capitalisation last week, supported by a strong rally in the equity markets. ICICI Bank emerged as the biggest gainer, followed by HDFC Bank and State Bank of India. The gains came as benchmark indices ended higher after a volatile week. The BSE Sensex rose 1,284.61 points, or 1.73 per cent, while the NSE Nifty gained 256.2 points, or 1 per cent. ICICI Bank Tops The Gaine
Prime Minister Narendra Modi recently emphasized the need to reduce dependency on petrol and diesel, advocating for sustainable practices and increased adoption of work-from-home models. He also suggested that consumers reconsider discretionary purchases, including gold, in the near term. Following the speech, the stock market reacted sharply. Shares
Prime Minister Narendra Modi recently emphasized the need to reduce dependency on petrol and diesel, advocating for sustainable practices and increased adoption of work-from-home models. He also suggested that consumers reconsider discretionary purchases, including gold, in the near term. Following the speech, the stock market reacted sharply. Shares
Global trading giant Jane Street has been barred from participating in India's securities markets following an investigation by the Securities and Exchange Board of India (sebi). The interim order, issued by the market regulator, accuses the firm and its subsidiaries of manipulating index-based derivative trades in the Indian market to secure massive illegal profits. The ban, announced late last week, restricts Jane Street and four affiliated entities from buying, selling, or dealing in a
Global trading giant Jane Street has been barred from participating in India's securities markets following an investigation by the Securities and Exchange Board of India (sebi). The interim order, issued by the market regulator, accuses the firm and its subsidiaries of manipulating index-based derivative trades in the Indian market to secure massive illegal profits. The ban, announced late last week, restricts Jane Street and four affiliated entities from buying, selling, or dealing in a
The Reserve Bank of India (RBI) announced a 25 basis points cut in the benchmark interest rate, marking its first reduction in five years. The decision, led by Governor Sanjay Malhotra, aims to boost economic activity but was met with mixed reactions from investors. Despite expectations of a rate cut, the market remained cautious as the RBI maintained a neutral stance without introducing additional liquidity measures. Foreign Institutional Investors (FIIs) continued outflows amid concerns ove
The Reserve Bank of India (RBI) announced a 25 basis points cut in the benchmark interest rate, marking its first reduction in five years. The decision, led by Governor Sanjay Malhotra, aims to boost economic activity but was met with mixed reactions from investors. Despite expectations of a rate cut, the market remained cautious as the RBI maintained a neutral stance without introducing additional liquidity measures. Foreign Institutional Investors (FIIs) continued outflows amid concerns ove
Indian stock markets saw a strong rally this morning, buoyed by the BJP-led NDA's massive victory in the Maharashtra assembly elections, which is home to Mumbai, the financial capital of India. The BSE Sensex opened at 80,193.47 points and surged by about 1,300 points by 11 am, while the Nifty 50 gained more than 346.30 points to open at 24,253.55 points. This follows a strong session on Friday where both indices saw their best performance since early June. All 13 major sectors
Indian stock markets saw a strong rally this morning, buoyed by the BJP-led NDA's massive victory in the Maharashtra assembly elections, which is home to Mumbai, the financial capital of India. The BSE Sensex opened at 80,193.47 points and surged by about 1,300 points by 11 am, while the Nifty 50 gained more than 346.30 points to open at 24,253.55 points. This follows a strong session on Friday where both indices saw their best performance since early June. All 13 major sectors
On Thursday, benchmark equity indices in India ended with slight gains as investors geared up for the earnings announcement from Tata Consultancy Services (TCS), the country's largest IT services firm. Additionally, inflation data from the US, set to be released after market hours, remained a focal point for traders. The Nifty index closed up by 0.07%, gaining 16.50 points to finish at 24,998.45, while the Sensex increased by 0.18%, adding 144.3 points to close at 81,611.4. Desp
On Thursday, benchmark equity indices in India ended with slight gains as investors geared up for the earnings announcement from Tata Consultancy Services (TCS), the country's largest IT services firm. Additionally, inflation data from the US, set to be released after market hours, remained a focal point for traders. The Nifty index closed up by 0.07%, gaining 16.50 points to finish at 24,998.45, while the Sensex increased by 0.18%, adding 144.3 points to close at 81,611.4. Desp