Nifty and Sensex faced resistance at higher levels this week, leading to profit booking, as global macro uncertainties and mixed earnings kept investors wary. Going forward, market direction will hinge on global trade developments, earnings outcomes and sectoral momentum, say experts.
Category: BUSINESS
BSNL bounces back into profit for first time since 2007
State-owned telecom major Bharat Sanchar Nigam Limited (BSNL) on Friday reported a profit of Rs 262 crore in the third quarter of the current financial year, marking its first return to profitability since 2007.
PM Modi’s visit a landmark event in boosting India-US trade ties: Apex chambers
Apex business chamber Assocham and the Federation of Indian Export Organisations (FIEO) on Friday hailed Prime Minister Narendra Modi’s visit to the US as a landmark event in strengthening India-US trade and investment relations.
India's nuclear energy capacity jumps from 4,780 MW to 8,180 MW in 10 years, set for big leap
India's nuclear sector has grown significantly over the last ten years from 4,780 MW in 2014 to 8,180 MW in 2024 and is poised to accelerate further after agreements signed during Prime Minister Narendra Modi's visit to France backed by a stepped-up allocation in the Union Budget.
Stock market trades lower as Trump threatens new tariff on all steel, aluminium imports
The domestic benchmark indices opened lower on Monday as US President Donald Trump threatened to start imposing a new 25 per cent tariff on all steel and aluminium imports, including those from Canada and Mexico.
SBI posts robust 84 pc surge in net profit at Rs 16,891 crore in Q3
India's largest public sector lender, the State Bank of India (SBI) on Thursday reported an impressive 84.32 per cent surge in net profit (year-on-year) at Rs 16,891 crore for the October-December quarter (Q3 FY25), from Rs 9,164 crore in the year-ago period.
India's gold investments surge 60 pc to Rs 1.5 lakh crore in 2024: Report
Gold investments in India saw a significant surge in 2024 with a rise of 60 per cent in value terms to reach $18 billion (approximately Rs 1.5 lakh crore) compared to 2023, according to a report on Wednesday.
RBI likely to cut repo rate by 25 basis points for 1st time in 5 years
The Reserve Bank of India (RBI), in all likelihood, is set to cut the repo rate by 25 basis points for the first time in almost five years, aligning with the Budget's objectives of stimulating economic activity while managing a prudent fiscal position, which provides comfort on currency and inflation fronts, industry experts said on Wednesday.
Sensex closes lower as smallcaps shine; investors eye RBI MPC meet, Delhi poll results
The Indian stock market on Wednesday closed lower after a volatile trading session as investors remained cautious amid global uncertainties.
Indian stock market opens higher as US delays tariff hikes on Canada, Mexico
The NSE Nifty 50 and BSE Sensex snapped two-day fall on Tuesday after the US delayed tariff hikes on Canada and Mexico by a month.
Sensex, Nifty in green as mid, smallcaps gain ahead of Union Budget 2025
Domestic benchmark indices saw a bull rally early on Saturday, ahead of the much-anticipated Union Budget 2025-26, while continuing their rise for another trading session this week.
Sensex, Nifty surge as markets cheer Economic Survey ahead of Budget
The Indian stock market on Friday continued its rise for the fourth straight day as Finance Minister Nirmala Sitharaman presented the Economic Survey 2024-25 in Parliament ahead of the Union Budget 2025-26.
Stock market opens higher ahead of Eco Survey, Union Budget
As the nation gears up for the Economic Survey and the Union Budget 2025-26, the domestic benchmark indices on Friday opened higher. Optimism was seen in the air as investors looked for potential catalysts in the upcoming Budget.
Elon Musk, Sam Altman fight over Stargate on social media
The xAI owner Elon Musk and OpenAI CEO Sam Altman are fighting on X about Stargate, the enormous infrastructure project to build data centres for OpenAI across the US.
Sensex jumps 566 points, Nifty holds at 23,000 as US tariff fears ease
The Indian stock market witnessed a roller-coaster ride on Wednesday, as benchmark indices Sensex and Nifty bounced back strongly in the latter half of the day after uncertainties over impending US trade tariff eased.
Trump 2.0 jitters: Sensex tanks over 1,200 points, Nifty ends at 23,024
As the new US President Donald Trump began his second innings with signing several executive orders along with sounding threats about impending trade tariffs on certain countries and BRICS nations, both Sensex and Nifty plunged on Tuesday.
Adani Energy Solutions wins its largest-ever Rs 25,000 cr Bhadla-Fatehpur HVDC project
Adani Energy Solutions Ltd (AESL) on Tuesday said it has won a Rs 25,000 crore Bhadla (Rajasthan)-Fatehpur (Uttar Pradesh) high voltage direct current (HVDC) order, its largest-ever order win to date.
Sensex opens higher as traders gear up for Trump’s inauguration
Indian benchmark indices opened higher on Monday, taking positive cues from its Asian peers, as traders geared up for Donald Trump's inauguration as the 47th US President.
India continues to outpace global peers on economic growth: Centre
As the fastest-growing large economy, with steady growth projected at 6.7 per cent over the next two fiscal years, India continues to outpace global peers and cement its position as a leader in economic resilience and progress, the government said on Saturday.
India's auto sector poised for robust growth, ‘Make in India’ a game changer: Industry
India's auto sector is poised for strong growth and the ‘Make in India’ initiative under the vision of Prime Minister Narendra Modi continues to help automotive companies not only produce more vehicles locally but also ramp up export volumes too, including EVs, industry leaders said on Saturday.
Indian stock market opens lower amid weak global cues
At around 9.30 am, Sensex was trading at 76,717.03 after dropping 325.79 points or 0.42 per cent, while Nifty was trading at 23,225 after declining 86.80 points or 0.37 per cent.
India's goods and services exports clock 6pc growth to scale $602bn mark in April-Dec
India's total exports of merchandise and services have clocked a 6.03 per cent growth to $602.64 billion during April-December of the current financial year from $568.36 billion in the same period of the previous financial year, the Commerce and Industry Ministry announced on Wednesday.
India’s trade deficit narrows in Dec, rupee bounces back
India's trade deficit narrowed to $21.94 billion in December compared to the corresponding figure of $32.84 billion for November, as exports grew while imports declined on a month-to-month basis.
Sensex tumbles 1,258 points over HMPV fears, global uncertainties
The Indian stock market witnessed a steep decline on Monday as domestic benchmark indices plunged more than 1.5 per cent amid growing concerns over human metapneumovirus (HMPV) along with global uncertainties.
Seven new IPOs to hit Dalal Street, 6 listings on investors' radar next week
The second week of the New Year 2025 is set to be very busy as seven public issues (mainboard and SMEs) will open to the investors in the stock market and six companies will be listed during the same period.