The domestic benchmark equity indices, Sensex and Nifty, settled higher on Monday as heavy buying was seen in the realty sector. Nifty realty was the outperforming sector, up over 3 per cent. Sensex ended at 80,248.08, higher by 445.29 points, or 0.56 per cent, while the Nifty 50 ended the day at 24,276.05, up by … Read more
The passenger vehicle (PV) sales in India increased about 4 per cent (year-on-year) at 3,50,000 units in the month of November, data showed on Monday. The total domestic PV wholesales stood at 335,954 units last month, driven by robust demand during the wedding season, increasing private consumption and SUV sales. If we look at the … Read more
Kavveri Defence & Wireless Technologies is currently trading at upper limit of Rs. 42.44, up by 2.02 points or 5.00% from its previous closing of Rs. 40.42 on the BSE. The scrip opened at Rs. 42.44 and has touched a high and low of Rs. 42.44 and Rs. 42.44 respectively. So far 11523 shares were … Read more
The operating profit margin (OPM) for India Inc is projected to improve in the second half of current financial year (FY), led by boost in rural demand and uptick in government spending and additionally supported by the festive season, according to a report on Monday. As a result, the credit metrics of India Inc in … Read more
Fintech major Razorpay on Monday said it has partnered the Ministry of Home Affairs (MHA) and the Indian Cyber Crime Coordination Centre (I4C) to boost cyber security around the digital payments ecosystem in the country. The collaboration aims to empower businesses and end-customers with critical knowledge to protect themselves while driving widespread awareness about cybersecurity … Read more
Steel Strips Wheels is currently trading at Rs. 204.85, up by 1.85 points or 0.91% from its previous closing of Rs. 203.00 on the BSE. The scrip opened at Rs. 203.95 and has touched a high and low of Rs. 204.85 and Rs. 201.05 respectively. So far 5783 shares were traded on the counter. The … Read more
SpiceJet is currently trading at Rs. 62.15, up by 0.22 points or 0.36% from its previous closing of Rs. 61.93 on the BSE. The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 62.50 and Rs. 60.92 respectively. So far 3584046 shares were traded on the counter. The BSE group … Read more
Indian rupee weakened against the US dollar on Monday, tracking a negative trend in domestic equities and stronger American currency overseas after US President-elect Donald Trump threatened a 100% tariff on the BRIC bloc of nations if they act to undermine the US dollar. Moreover, slowing GDP growth numbers and unabated foreign portfolio outflows from … Read more
India's factory growth cooled in November yet maintained a strong pace, leading to significantly improved optimism despite demand easing a bit due to higher price pressures, a business survey found. Asia's third-largest economy expanded a lacklustre 5.4% in the July-September quarter, official data showed on Friday, led by tepid growth in manufacturing and consumption. The … Read more
The Indian central bank was likely selling dollars on Monday to support the rupee, traders said, after the currency declined to its all-time low on concerns about foreign portfolio outflows following weak economic data and a decline in Asian peers. The rupee declined to a record low of 84.5950 per U.S. dollar in early trading, … Read more