Domestic benchmark indices rebounded sharply today, rising over a percent in early trading amid mixed global cues. This follows a significant drop in global share markets, including Indian stocks, the previous day. The Sensex at the BSE jumped 918 points, or 1.17%, reaching the 79,678 mark in morning trades. The Nifty at the National Stock…
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New Delhi, August 5, 2024: Indian stock markets experienced a dramatic decline on Friday, with the Sensex falling by 2,600 points to 78,385.49 and the Nifty dropping 463.50 points to 24,254.20. This sharp drop comes in the wake of weaker-than-expected US jobs data, which has triggered global recession fears and led to a widespread selloff…
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Indian bullion market reports that 24 Karat gold has risen by 0.96% and is trading at ₹70,710 per 10 grams. Silver 99 fine has seen a 1.7% increase, with its price now at ₹84,270 per kilogram. The increase in gold and silver prices reflects a positive shift in the bullion market. This rise could be…
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Domestic benchmark indices plunged over one percent each in early trade today due to an across-the-board sell-off amid weak global cues. The Sensex at the Bombay Stock Exchange dropped 640 points to trade at 81,227 in the opening trade. Meanwhile, the Nifty 50 at the National Stock Exchange declined by 271 points, hitting the 24,740…
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New Delhi, Jul 31 2024 : The Tata Group has scrapped its plan to acquire a 51% stake in Vivo’s Indian subsidiary due to objections from Apple, according to a report by The Times of India. Vivo, which reported a revenue of Rs 30,000 crore for FY23, had aimed to sell a majority stake in…
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Dhaka, July 30, 2024: Robi Axiata Limited, Bangladesh’s second-largest mobile phone operator, reported a four-fold increase in its net profits for the second quarter of 2024, primarily driven by higher sales and reduced spending on raw materials. On Monday, Robi announced that its profit after tax for the April-June period reached 1.07 billion taka (9.09…
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The Indian rupee plunged to an all-time low of ₹83.72 against the US dollar in early trading on Thursday, pressured by a stronger dollar in global markets and significant foreign fund outflows. This decline was exacerbated by a downturn in Indian equities following the government’s recent decision to increase the capital gains tax rate. In…
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Mumbai, Jul 24 2024 : The benchmark BSE Sensex continued its downward trend for the fourth consecutive session on Wednesday, primarily driven by selling in financial and banking stocks. The market sentiment was further dampened by the government’s decision to increase securities transaction tax (STT) and short-term capital gains tax. The 30-share BSE Sensex ended…
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Mumbai, July 24 2024 : Reliance Industries Ltd. has been granted permission by the United States to recommence crude oil imports from Venezuela, despite ongoing sanctions imposed by the White House, sources familiar with the matter disclosed. India’s largest privately owned refiner intends to initiate purchases of Venezuelan crude in the near future, the insiders…
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Markets closed flat after a significant drop triggered by Finance Minister Nirmala Sitharaman’s proposal to increase capital gains tax and securities transaction tax in the Union Budget 2024. The benchmark Sensex plummeted by over 900 points, falling below 79,515.64, while the Nifty also dropped below 24,300. The markets later recovered, with the Sensex closing at…
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