According to the Indian Bullion Jewelers Association (IBJA), the prices of 24-carat gold have slipped to Rs 77,030 per 10 grams. The rate of 22-carat gold is Rs 75,180 per 10 grams and the price of 20-carat gold is Rs 68,550 per 10 grams.
Category: BUSINESS
Share market recovers after early bumps, Asian Paints stock tanks 9 pc
The Indian stock market recovered after facing initial losses on Monday as selling was seen in PSU banks, financial services, pharma and FMCG sectors in early trade.
India’s forex kitty at $684.8 billion, gold reserves rise by $1.2 bn
India's foreign exchange reserves fell by $2.6 billion to $682.13 billion as of November 1, data released by the Reserve Bank of India (RBI) showed on Friday.
India’s financial conditions in comfort zone despite FPI outflows: Crisil
Domestic financial conditions in India are in the comfort zone despite foreign portfolio investor (FPI) outflows, according to a Crisil report on Friday. After record-high FPI inflows in September, October logged the highest post-pandemic outflows.
Indian stock market opens flat after US Fed rate cut
The Indian benchmark indices opened flat on Friday after the second consecutive rate cut by the US Fed, as selling was seen in auto, PSU bank, media, oil and gas sectors.
US Fed’s 2nd consecutive rate cut a booster for emerging markets like India
The US Fed’s second consecutive rate cut this year of 25 basis points should be bullish for emerging markets like India, market experts said on Friday.
Sensex sheds 849 points849 points ahead of key US Fed meet
The Indian stock market closed in red on Thursday as there was heavy selling in all sectors except PSU banks. The Indian benchmark indices closed down by more than 1 per cent.
Indian stock market hails Trump win, Sensex surges 901 points
The Indian benchmark indices on Wednesday welcomed Donald Trump's convincing victory in the US presidential elections as both Sensex and Nifty gained more than 1 per cent amid heavy buying in the IT sector.
Indian stock market opens in green ahead of US election outcome
As counting for the keenly-contested US presidential election went underway, the Indian stock market opened in green on Wednesday as buying was seen in sectors like realty, media, energy, private bank and infrastructure.
Sensex gains 694 points ahead of closely-fought US election
The Indian stock market closed in green on Tuesday as investors set their eyes on the closely-contested US presidential election. At the end of trading, buying was seen in all sectors, except FMCG and media.
Ola Electric’s share hits all-time low of Rs 74 ahead of Q2 results
Bhavish Aggarwal-run Ola Electric Mobility saw its share nosedive further to a fresh low of Rs 74.18 apiece on Tuesday after touching Rs 73.84 during the intra-day trading -- losing almost 8.5 per cent in a day.
Swiggy’s high valuation, ongoing losses raise concerns about long-term sustainability: Angel One
Swiggy’s Rs 11,327 crore initial public offering (IPO) faces several risks and challenges that potential investors should consider, leading online brokerage Angel One has said, adding that the company’s high valuation, coupled with its ongoing losses, raises concerns about its long-term sustainability.
E-commerce platforms see over Rs 1 lakh crore worth sales in India festive season
As private consumption surges in smaller cities and towns in India which is driven by high pent-up demand and premiumisation wave, the e-commerce platforms registered more than Rs 1 lakh crore in gross merchandise value (GMV) in the month-long festive season.
Indian stock market opens flat, all eyes on US election
The Indian stock market opened flat on Tuesday as buying was seen in metal, auto IT, PSU bank and pharma sectors during the early trade, as investors turned their attention to the closely-fought US election.
Sensex crashes 1300 pts, Nifty at four-month low
The Indian stock market was trading deep in the red on Monday's mid-session as heavy selling was seen in the auto, metal, realty and energy stocks.
DIIs hold stock market steady as FIIs sell Rs 113,858 crore worth equity in Oct
The foreign institutional investors (FIIs) sold a whopping Rs 113,858 crore worth equity in the Indian stock market in the month of October, contributing hugely to the about 8 per cent decline in benchmark indices from the peak.
Muhurat trading signifies positive investor sentiment for Indian markets
According to Vikas Gupta, smallcase Manager and CEO at Omniscience Capital, it is likely that the current correction in the markets is likely to start correcting itself in the next few weeks.
Indian market opens flat on Diwali, L&T and Sun Pharma top losers
On the auspicious occasion of Diwali, the Indian stock market opened flat on Thursday as selling was seen in auto, IT, PSU bank and FMCG sectors in early trade.
Tata, JSW groups to invest over $30 billion in EV sector amid govt’s push: Report
The Indian government continues to push for higher EV production in the country and for greater localisation of supply chains, which will be key to help the country reach the target of 30 per cent EV penetration by 2030, according to a report on Wednesday.
Indian stock market opens in red; selling seen in PSU bank, pharma sectors
The Indian stock market opened in red for the second consecutive day on Wednesday as selling was seen in PSU bank and pharma sectors in early trade.
Sensex rises on 2nd consecutive day, SBI and ICICI Bank top gainers
The broader markets outperformed the Nifty 50. Nifty midcap 100 index was up 514 points or 0.92 per cent at 56,251 and Nifty smallcap 100 index was up 136 points or 0.76 per cent at 18,198.
Adani Ports clocks 42 pc surge in net profit at Rs 5,520 crore in H1 FY25
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday reported 42 per cent surge in net profit at Rs 5,520 crore in the first half this fiscal (H1 FY25), compared to Rs 3,881 crore in the same period last fiscal (H1 FY24).
India outpaces US in IPO listing with 36 pc global share in July-Sep period
India dominated the global IPO landscape with 36 per cent share of total listings in the third quarter of 2024, outpacing the US at 13 per cent share, a report showed on Tuesday.
Adani Power logs 20 pc growth in continuing revenue at Rs 28,517 cr in H1 FY25
Adani Power on Monday reported 20 per cent growth (year-on-year) in continuing revenue at Rs 28,517 crore in the first half of this fiscal (HI FY25) and 10.8 per cent growth to Rs 13,465 crore in Q2 FY25.
Sensex snaps five-day losing streak, Nifty closes above 24,300
Indian stock markets experienced a significant rebound in Monday’s market, with the Sensex surging by 602 points, closing at 80,005, and the Nifty climbing 158 points to settle at 24,339. The benchmark indices recorded the best session in one month.