Finance

June 7, 2024 12:34 PM

Sensex, Nifty up ahead of RBI policy decision

The stock market kicked off the trading day on a positive note, witnessing a surge in both the Sensex and Nifty indices at the opening bell ahead of RBI monetary policy on Friday. The benchmark BSE Sensex opened higher by 81.57 points, reaching 75,156.08, while the NSE Nifty began the session with ...

June 6, 2024 2:34 PM

Indian toy industry makes a strong push into the UAE market

The Toy Association of India (TAI) has brought a delegation to the UAE, consisting of members from across India, including manufacturers, importers, exporters, retailers, and toy testing lab designers. This diverse group of professionals aims to promote the Indian toy industry at both the manufactur...

June 6, 2024 1:36 PM

Russian central bank urges global integration despite sanctions

Despite Western sanctions, Russia must be integrated in the global economy with countries that are prepared to work with it, central bank Governor Elvira Nabiullina said at Russia's flagship annual economic forum in St Petersburg on Thursday. The event once drew top Western bankers and company exec...

June 6, 2024 1:01 PM

Sensex, Nifty open higher as PM Modi gears up for third term

Indian benchmark indices opened higher on Thursday, buoyed by the BJP-led NDA's unanimous announcement that Prime Minister Narendra Modi will lead a new coalition government for a third consecutive term. The Sensex surged 378.59 points, opening at 74,804.68, while the Nifty gained 105.65 points, st...

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 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...