Photo used for representation purpose only. | Photo Credit: Reuters The rupee turned flat at 85.79 against the US dollar in early trade on Monday (January 6, 2025) as positive domestic equity markets failed to boost sentiment amid sustained outflow of foreign capital and elevated level of American currency index. According to forex traders, the…
Representational image only. File | Photo Credit: Special arrangement Foreign investors pulled out ₹4,285 crore from Indian equities in the first three trading days of the month driven by apprehensions ahead of the third-quarter earnings season and high valuations of domestic stocks. This came following an investment of ₹15,446 crore in the entire December, data…
The market valuation of HDFC Bank tumbled ₹37,025.46 crore to ₹13,37,919.84 crore. | Photo Credit: Reuters The combined market valuation of four of the top-10 most valued firms eroded by ₹96,605.66 crore last week, with HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India…
The current bout of rupee depreciation is seen as driven primarily by the exit of foreign investors from India, which has put pressure on the rupee. | Photo Credit: Reuters The story so far: In the last week of December, 2024, the rupee breached the 85 mark against the U.S. dollar, touching an all-time low…
Vipul Shah, producer of The Kerala Story. File. | Photo Credit: EMMANUAL YOGINI Film and television producer-director Vipul Shah-backed Sunshine Pictures Ltd has filed draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a total offer size of 83.75 lakh equity shares including a fresh…
From the Sensex pack, Zomato, HDFC Bank, Tech Mahindra, Adani Ports, Tata Consultancy Services, ICICI Bank, Sun Pharma, Larsen & Toubro, HCL Tech and ITC were the major laggards. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty buckled under selling pressure to settle nearly 1% lower on Friday (January 3, 2025) as…
On December 27, 2024, the local currency touched its lifetime intra-day low of 85.80 against the greenback. File | Photo Credit: The Hindu The Rupee depreciated four paise to close at a record low of 85.79 (provisional) against the U.S. dollar on Friday (January 3, 2025), as strong dollar demand from importers and a muted…
Benchmark equity indices Sensex and Nifty declined in early trade on Friday (January 3, 2025) dragged by bank and IT stocks ahead of the start of earnings season next week. The 30-share BSE Sensex went lower by 181.04 points to 79,762.67 despite a positive beginning. The NSE Nifty dipped 56.55 points to 24,132.10. From the…
The gross GST collection rose 7.3% year-on-year to ₹1.77 lakh crore in December despite a significant increase in both domestic and export refunds. File | Photo Credit: Reuters Benchmark Se nsex rallied 1,436 points to close at a two-week high on Thursday (January 2, 2025) on buying in financial, auto and IT shares. The 30-share…
Image for representative purposes only | Photo Credit: Reuters The rupee depreciated 9 paise to close at 85.73 (provisional) against the U.S. dollar on Thursday (January 2, 2025), as strong dollar demand from importers and foreign fund outflows dented investor sentiments. Forex traders said the dollar gained against most currencies during 2024 and continued to…
