Indian shares are likely to open marginally higher on Thursday, with investors awaiting a raft of blue-chip earnings for fresh triggers amid foreign fund outflows. The Gift Nifty was trading at 25,033, as of 07:44 a.m. IST, indicating that the benchmark Nifty 50 will open slightly above Wednesday's closing levels of 24,971.30. The Nifty 50 … Read more
India's Bajaj Auto posted a 21% rise in second-quarter adjusted profit on Wednesday, helped by higher domestic sales of its motorcycles. The 'Pulsar' motorcycle maker reported a standalone adjusted profit of 22.16 billion rupees ($263.8 million) in the quarter, compared with 18.36 billion rupees a year earlier. However, including a deferred tax liability of 2.11 … Read more
The FIIs as per Wednesday's data were net sellers in equity segments, while net buyers in debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 16631.38 crore against gross selling of Rs 18165.21 crore. Thus, FIIs stood as net sellers of Rs 1533.83 crore in equities. … Read more
Indian shares fell for a second straight session on Wednesday, as foreign funds shifted money to China and marquee companies' results disappointed investors. The Nifty 50 index closed down 0.34% to 24,971.3 points, while the S&P BSE Sensex fell 0.39% to 81,501.36. The Nifty 50 has declined about 5% from a record high hit in … Read more
Sterlite Technologies is currently trading at Rs. 123.90, up by 2.80 points or 2.31% from its previous closing of Rs. 121.10 on the BSE. The scrip opened at Rs. 120.00 and has touched a high and low of Rs. 128.45 and Rs. 120.00 respectively. So far 245023 shares were traded on the counter. The BSE … Read more
Artificial intelligence (AI), set to play a crucial role in delivering the target of a $1 trillion digital economy by 2028, about 20 per cent of India’s GDP, and the country can maximise AI’s potential to boost economic growth, drive inclusive progress and help it emerge as a global leader in public services, a new … Read more
The capex of key state governments is projected to rise by 13 per cent in the current fiscal (FY25) to Rs 6.5 lakh crore, according to a report on Wednesday. However, compared to the FY25 budget estimate (BE) of Rs 7.2 lakh crore, the latest projection falls short following a dull start to the capex … Read more
India’s Generative AI (GenAI) ecosystem saw the total number of startups surging 3.6 times, from over 66 in the first half of 2023 to more than 240 in the first half this year, a Nasscom report said on Wednesday. India now ranks sixth globally in the share of GenAI startup ecosystems among major economies. Despite … Read more
Industrial and warehousing demand witnessed 20.2 million square feet of leasing in top five cities in the January-September period, registering a 17 per cent annual growth, according to a report on Wednesday. The quarterly average space uptake has steadily increased from 5.7 mn sq ft in 2021 to 6.7 mn sq ft in 2024, indicating … Read more
Indian rupee weakened against the US dollar on Wednesday, tracking muted domestic equities and significant foreign fund outflows from the Indian capital market. Foreign institutional investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 1,748.71 crore, exchange data showed. Meanwhile participants are awaiting US economic data to determine … Read more