Despite geo-political uncertainties, the investors' confidence remained intact in India's growth story as the country's foreign exchange reserves surpassed $700 billion for the first time, reaching $704.89 billion in the week ending September 27, the Reserve Bank of India (RBI) data showed on Friday.
Indian investors have lost over Rs 14 lakh crore in the last two trading sessions as all listed companies' market cap on the Bombay Stock Exchange (BSE) skewed to Rs 461 lakh crore which was earlier Rs 475 lakh crore.
Driven by the positive response to its Mumbai and Delhi retail stores, Apple on Friday said it is geared up to launch more exclusive, own-branded stores in the country where the iPhone maker is witnessing a surge in domestic sales as well as export figures.
Selling was also seen in the midcap and smallcap stocks. Nifty midcap 100 index fell by 1,333 points, or 2.21 per cent, to 59,024 and Nifty smallcap fell by 378 points, or 1.96 per cent, to 18,952.
The India equity capital markets hit a record high and raised $49.2 billion in the first nine months this year (January-September period) -- a massive 115 per cent growth compared to a year ago -- surpassing the annual record set in 2020 by proceeds, a report showed on Thursday.
As the conflict in the Middle East escalates with Israel vowing to retaliate after the missile attacks by Iran, India Inc is bracing for a wider trade disruption across the key Red Sea route.
The Securities and Exchange Board of India (SEBI) has announced several new measures to curb speculative trading in the futures and option (F&O) segment as nine out of ten participants have consistently lost money over the past three years.
Bhavish Aggarwal-run Ola Electric continues to lose its market share in the Indian EV market and in the month of September, it further dropped to 27 per cent amid rising competition as well as its crippling service centres.
India's primary market continues to boom, with three SME IPOs set to launch next week from September 30, and the market will see several main board IPO listings like KRN Heat Exchanges, which received massive subscriptions of over 200 times.
The Indian equity indices witnessed a sharp rally last week as Sensex and Nifty both made new all-time highs of 85,978.25 and 26,277.35 respectively. Now, the market outlook for next week looks very positive, experts said.
To achieve the goal of $500 billion local electronics manufacturing by FY30, the industry must prioritise export growth to emerge as one of the top three global exporters in this domain by 2030, industry players said on Saturday.
The Indian stock market continued to witness the bull run this week, marking a 1.7 per cent increase and the third consecutive weekly gain, with Sensex hitting 85,000 for the first time and Nifty trading at an all-time high.
Indian frontline equity indices were trading near record highs as heavyweight IT stocks like Infosys, Wipro, TCS and Tech Mahindra gained after a positive revision of Accenture's revenue guidance for FY25.
Prime Minister Narendra Modi on Thursday met the leadership team of Tata Sons and Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC), which are building a Rs 91,000 crore mega semiconductor fabrication facility in Gujarat's Dholera.
Ola Electric’s flagship S1 series EV scooter has turned out to be a nightmare for several customers as they continue to face issues like malfunctioning hardware and glitching software even from day one after purchase.
Selling was seen in the midcap and smallcap stocks. Nifty midcap 100 index was down 375 points or 0.62 per cent at 60,089 and Nifty smallcap 100 index was down 104 points or 0.54 per cent at 19,252.
A mixed trend was seen in the midcap and smallcap stocks. Nifty midcap 100 index was down 200 points or 0.33 per cent at 60,650 and Nifty smallcap 100 index was up 34 points or 0.18 per cent at 19,473.
At 9:48 a.m., Sensex was up 75 points or 0.09 per cent at 85,004 and Nifty was up 25 points or 0.09 per cent at 25,964. It was the first time the BSE's benchmark traded above 85,000.
Bhavish Aggarwal-run Ola Electric shares nosedived further on Monday, as market analysts warned retail investors not to go bullish on the stock yet, owing to its speculative valuation amid rising competition.
The horticulture production in the country is estimated to reach about 353.19 million tonnes in 28.98 million hectares area in 2023-24, the new government data showed on Saturday.
At closing, Sensex was up 1,359 points, or 1.63 per cent, at 84,544 and Nifty was up 375 points, or 1.48 per cent, at 25,790. Nifty Bank was up 755 points, or 1.42 per cent, at 53,793.
On the transmission front, AESL is working on nine additional projects that it expects to complete over the next 18-24 months. These projects will help drive operational revenue from Rs 4,045 crore in FY24 to Rs 7,000 crore in FY27, representing a CAGR of 20.7 per cent.
India’s total exports during the April-August period are estimated at $328.86 billion, registering a positive growth of 5.35 per cent, data by the Ministry of Commerce and Industry showed on Tuesday.
Indian equity indices closed with marginal gains as market investors shifted their focus to the US Federal Open Market Committee's policy meeting, starting later in the day on Tuesday.
India's wholesale price inflation further eased to a four-month low of 1.31 per cent in the month of August, compared to 2.04 per cent in July, as fuel prices turned negative and food prices went down, the government said on Tuesday.
