Stock market today: Indian stock markets ended a five-day losing streak on Monday as upbeat quarterly results from ICICI Bank and other lenders powered gains in banking stocks, despite ongoing foreign selling and lackluster corporate earnings. The BSE Sensex climbed 0.76 per cent or 602.75 points to close at 80,005.04, while the Nifty50 rose 0.65…
Technical analysts at JM Financial & BlinkX see support for Nifty at 24,100 and 24,000 levels. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Monday. While BSE Sensex was trading above 79,600, Nifty50 was near 24,250 level. At 9:18 AM, BSE Sensex was trading at…
NEW DELHI: The increase in imports from China may largely be attributable to influx of computers, telecom equipment and their components, with chemicals used for medicines seen to have declined.During April-Aug, Chinese imports into India rose almost 11% to $46.6 billion, from $42 billion in the corresponding period last year. Within this, an increase of…
NEW DELHI: The sudden slowdown in the car industry has meant that the discounts are not just in mere thousands, but hitting multiple lakhs of rupees on models ranging from companies like Maruti Suzuki, Honda, JSW MG, Mahindra & Mahindra, Tata Motors to luxury makers like Audi, Mercedes-Benz and BMW.So, while the mighty luxury Audi…
Mumbai: IDFC First Bank‘s second quarter net profit plunged over 73% to Rs 201 crore from over Rs 751 crore in the corresponding quarter of the previous year, dragged down by a Rs 253-crore provision arising from Maharashtra govt’s recent decision to waive tolls for some vehicles in Mumbai.The bank had provided finance against the…
NEW DELHI: The Tata-Airbus facility to manufacture C-295 tactical military airlift aircraft at Vadodara in Gujarat will be inaugurated by PM Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday. Under the Rs 21,935 crore contract inked for 56 C-295 aircraft in 2021, 16 of the twin-turboprop planes are being delivered directly by Airbus…
MUMBAI: The central bank’s projections indicate that inflation will moderate after remaining high in October, RBI governor Shaktikanta Das has said, while cautioning that geopolitical risks and weather events pose potential threats.“Sept inflation crossed 5%, and we expect October inflation to be high as well. However, our projections indicate that inflation will begin to moderate…
The Central Board of Direct Taxes (CBDT) on Saturday announced an extension for the due date to file Income Tax Returns (ITR) for the assessment year 2024-25, in an official release by the finance ministry.As per the new CBDT notification issued under Section 119 of the Income Tax Act, 1961, the revised deadline for corporates…
As the market’s focus shifts from momentum to quality and FII outflows persist, the trading strategy has changed from buying on dips to selling on rallies. No fireworks from Sensex this Diwali! The Indian stock market has been experiencing a significant downturn, with the Nifty falling nearly 6% and the Sensex losing over 4,800 points…
MUMBAI: Foreign exchange reserves dropped for a third straight week, reaching $688.2 billion as of Oct 18, according to RBI data. The reserves fell by nearly $2.2 billion during the week, following a $14.5 billion decline over the two weeks before. The impact of the drop in reserves was moderated by close to a $1.8…
