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November 7, 2024 5:01 PM

Sensex declines amid weak market sentiment; Fed meeting in focus

The Indian stock market closed in the red on Thursday, with heavy selling across all sectors except PSU banks. The Sensex fell 836 points, or 1.04%, closing at 79,541.79, while the Nifty dropped by 284.70 points, or 1.16%, ending at 24,199.35. The benchmark indices saw a decline of over 1%, driven ...

November 7, 2024 4:42 PM

Supreme Court overturns NCLAT order, Jet Airways to go into liquidation

The Supreme Court on Thursday ordered the liquidation of cash-strapped Jet Airways, saying that the resolution plan approved five years ago is no longer feasible for implementation. A bench comprising Chief Justice of India D.Y. Chandrachud, Justice J.B. Pardiwala and Justice Manoj Misra allowed a ...

November 7, 2024 4:47 PM

India better positioned than Asian peers on trade linkages with China: report

As global currencies weaken against the U.S. dollar following Donald Trump’s election victory, emerging markets (EMs) are bearing the brunt. However, India appears to be in a comparatively stronger position than many of its Asian peers, particularly due to its lower dependency on trade with China,...

November 7, 2024 10:46 AM

Sensex, Nifty open flat as investors await Fed rate decision

India's benchmark indices opened flat on Thursday, following a sharp rally in the previous session driven by Donald Trump’s victory in the U.S. presidential election. Investors adopted a cautious stance ahead of the U.S. Federal Reserve's interest rate decision, which is expected later in the day....

November 6, 2024 9:00 PM

Trump expected to shift course on antitrust, stop Google breakup

Donald Trump will likely dial back some of the antitrust policies pursued under the administration of President Joe Biden, potentially including a bid to break up Alphabet's Google over its dominance in online search, experts said. Trump is expected to continue cases against Big Tech, several of wh...

November 6, 2024 4:56 PM

Sensex, Nifty surge as global markets react to Trump’s projected win

India’s benchmark indices surged on Wednesday, buoyed by the projected victory of former U.S. President Donald Trump in the 2024 U.S. presidential election, which sparked a wave of optimism among global investors. The BSE Sensex climbed 901.50 points to close at 80,378.13, while the Nifty 50 gain...

November 6, 2024 3:20 PM

Auto sales up 32% amid festive demand in October: FADA

India’s auto market saw a 32% year-on-year growth across all vehicle categories in October, as reported by the Federation of Automobile Dealers Associations (FADA) on Wednesday. The two-wheeler segment led the charge with a 36% YoY increase in sales. The surge was fueled by the convergence of maj...

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