Business & Economy

June 5, 2024 5:09 PM

Stock market revives and closes above Friday’s high

Indian stock markets experienced a significant surge of over 3 percent by the closing session on Wednesday, bouncing back from the losses incurred during the election results. The NSE Nifty 50 index soared by 3.36 percent, settling at 22,620.35, while the BSE Sensex saw a robust increase of 3.20 pe...

June 5, 2024 3:08 PM

Global stocks gain on rate-cut wagers as ECB meeting looms

World shares rose on Wednesday and the dollar steadied with a European Central Bank policy meeting coming into focus following soft U.S. labour market data that firmed up bets of a September rate cut by the Federal Reserve. Worries about a cooling U.S. economy, however, kept a lid on risk appetite....

June 5, 2024 12:52 PM

In heated debate, Britain’s Sunak, Starmer go head-to-head on the economy

Prime Minister Rishi Sunak and Labour challenger Keir Starmer went head-to-head on Tuesday over how to boost Britain's economy, with the PM accusing the opposition party of wanting to increase taxes if it wins power at a July 4 election. Both Sunak, a Conservative, and Starmer stuck to their campai...

September 16, 2024 6:43 PM

Sensex, Nifty rebound in early trade after posting worst losses in four years

Indian benchmark indices opened slightly positive on Wednesday after their worst performance in over four years in the previous session. The BJP's victory in the recent general elections, marking their third consecutive term, buoyed the markets. The Sensex and Nifty opened nearly 1% up. Among the N...

June 5, 2024 9:57 AM

Asian stocks rise on rate-cut wagers; spotlight on India

Asian stocks rose on Wednesday, while the dollar was steady as a softening U.S. labour market firmed up bets of an interest rate cut in September from the Federal Reserve ahead of a crucial payrolls report this week. Investor worries of a cooling U.S. economy, however, kept a lid on risk appetite...

June 4, 2024 5:10 PM

Sensex, Nifty plunge as BJP’s likely weaker win leads to policy worries

Indian stocks suffered their worst intraday fallsince March 2020 on Tuesday, as vote counting trends in the general election suggested Prime Minister Narendra Modi's alliance was unlikely to win the overwhelming majority predicted by exit polls. With about half the votes counted, Modi's own Bharati...

June 4, 2024 1:14 PM

Sensex, Nifty plunge as polls show BJP’s mandate slipping

Indian stocks tanked the most in four years on Tuesday, as vote counting suggested Prime Minister Narendra Modi's Bharatiya Janata Party (BJP)-led alliance is unlikely to win an overwhelming majority as predicted by exit polls. Modi's bloc looked set to secure a majority in early vote counting in t...

June 4, 2024 10:00 AM

Sensex, Nifty fall 2% as Lok Sabha vote counting begins

The BSE Sensex and Nifty fell on Tuesday after a sharp rally in the previous session as early vote-counting trends showed the Bharatiya Janata Party-led NDA alliance leading in over 272 seats, but the extent of the victory was unclear. The Nifty 50 was down 2.2% to 22,779 as of 9:15 a.m. IST, and t...

June 3, 2024 5:17 PM

Sensex, Nifty close at record highs as exit polls predict big win for NDA

Indian benchmark indices closed at record highs on Monday, driven by fresh buying from investors after exit polls indicated a comfortable majority for the NDA government. The Nifty 50 index jumped by 733.20 points, ending at 23,263.90, while the BSE Sensex rallied by 2507.47 points, reaching a clos...