India's Nifty 50 rose for a thirteenth consecutive session on Monday, its longest-ever rally, powered by gains in IT stocks on hopes of a U.S. rate cut and as shares of consumer goods companies rose on a prediction of good monsoon rains. The benchmark Nifty 50 index ended 0.17% higher at 25,278.7 points and the … Read more
BLS International Services is currently trading at Rs. 427.65, up by 5.80 points or 1.37% from its previous closing of Rs. 421.85 on the BSE. The scrip opened at Rs. 421.80 and has touched a high and low of Rs. 439.90 and Rs. 407.50 respectively. So far 318897 shares were traded on the counter. The … Read more
Developers are driving GDP growth and in the era of artificial intelligence (AI), India is set to surpass the US to become the largest software developer community globally by 2027, according to Thomas Dohmke, CEO of Microsoft-owned software development collaboration platform GitHub. India is creating the digital public infrastructure (DPI) of the future with the … Read more
Nomura lowered its FY25 economic growth forecast for India to 6.7% year-on-year from 6.9% after official data on Friday showed the country's gross domestic product (GDP) grew slower than expected on an annual basis in the April-June quarter. India's GDP rose 6.7%, less than the 6.9% forecast by a Reuters poll and the 7.8% growth … Read more
GACM Technologies is currently trading at Rs. 1.58, up by 0.07 points or 4.64% from its previous closing of Rs. 1.51 on the BSE. The scrip opened at Rs. 1.44 and has touched a high and low of Rs. 1.58 and Rs. 1.44 respectively. So far 13630830 shares were traded on the counter. The BSE … Read more
Indian rupee weakened against the US dollar on Monday amid easing crude oil prices and firm American currency at overseas markets, meanwhile latest US inflation data indicated that the US Federal Reserve will not opt for a larger rate cut at this month’s meeting. However, firm domestic equity market, foreign fund inflows and anticipation of … Read more
Sanjay Shah, chairman of the Federation of All India Tea Traders Association (FAITTA), has said that sluggish growth in domestic consumption, rising food inflation and slow recovery of exports post the Covid pandemic are some of the challenges faced by the tea industry. He said tea producer associations and the Tea Board India have been … Read more
TVS Motor Company is currently trading at Rs. 2822.95, up by 10.75 points or 0.38% from its previous closing of Rs. 2812.20 on the BSE. The scrip opened at Rs. 2868.15 and has touched a high and low of Rs. 2868.15 and Rs. 2821.05 respectively. So far 1175 shares were traded on the counter. The … Read more
Gold prices traded in a narrow range on Monday as investors looked to a key U.S. jobs data to firm their bets on the size of the Federal Reserve's interest rate cut expected this month. Spot gold eased 0.1% at $2,499.47 per ounce, as of 0143 GMT. U.S. gold futures inched up 0.2% to $2,531.90. … Read more
The Indian rupee is expected to weaken at open on Monday after U.S. inflation data indicated that the Federal Reserve will not opt for a larger rate cut at this month's meeting. The 1-month non-deliverable forward indicated that the rupee will open at 83.90 to the U.S. dollar, down from 83.8625 in the previous session. … Read more