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Indian share market opens marginally up ahead of CPI data

Indian share market opens marginally up ahead of CPI data

The Indian stock market opened marginally up on Thursday ahead of the consumer price index (CPI) data. In the early trade, selling was seen in Nifty's auto and PSU bank sectors.

At around 9:30 am, Sensex was trading at 81,633.07 after gaining 106.93 points or 0.13 per cent, while the Nifty was trading at 24,658.25 after rising 16.45 points or 0.07 per cent.

The market trend remained positive. On the National Stock Exchange (NSE), 1,124 stocks were trading in green, while 1,065 stocks were in red.

According to market experts, "The range-bound consolidation construct of the market is set to continue. The bull run in the US is continuing unabated with Nasdaq setting a new record and closing above 20,000 yesterday."

India’s renewable energy capacity logs 14.2 pc growth at 213.7 GW

India’s renewable energy capacity logs 14.2 pc growth at 213.7 GW

India’s total non-fossil fuel installed capacity reached 213.70 GW in November, marking an impressive 14.2 per cent growth from 187.05 GW in the same month last year, the government said on Wednesday.

Ministry of New and Renewable Energy (MNRE) reported significant progress in India’s renewable energy sector from November 2023 to November 2024, underscoring the country’s commitment to achieving its clean energy targets in line with the goals set by Prime Minister Narendra Modi.

Meanwhile, the total non-fossil fuel capacity, which includes both installed and pipeline projects, surged to 472.90 GW, a substantial 28.5 per cent increase from the previous year’s 368.15 GW.

During FY24-25, a total of 14.94 GW of new RE capacity was added till November 2024, nearly doubling the 7.54 GW added during the same period in FY23-24, according to the Ministry of New and Renewable Energy.

Sensex closes flat ahead of inflation data

Sensex closes flat ahead of inflation data

Indian frontline indices closed on a flat note on Wednesday as investors are waiting for November CPI (Consumer Price Index) data, which will be released by the government on Thursday.

At closing, Sensex was up 16 points at 81,526 and Nifty was up 31 points at 24,641.

The broader market trend was positive. On the Bombay Stock Exchange (BSE), 2143 shares closed in the green, 1,839 settled in the red and 113 shares closed without change.

Among the sectoral indices, Auto, IT, Fin Service, pharma, FMCG, metal and realty were top gainers and PSU Bank, media, energy and pvt bank were top laggards.

India’s growth to rebound to 7 pc in 2025-26: Report

India’s growth to rebound to 7 pc in 2025-26: Report

India’s economic growth is expected to rebound to 7 per cent in 2025-26, despite the global uncertainties, primarily due to domestic policies, according to an Axis Bank research report released on Wednesday.

The report states that a cyclical rebound will push India back to a higher growth path.

“The loss in momentum during the first half of 2024-25 for the Indian economy, in our view, is cyclical, and due to unintended fiscal and monetary tightening; the latter due to a focus on macro stability risks which hurt credit growth. Fiscal spending is already rising and the CRR cut by the RBI should ease growth headwinds due to shortage of money,” the report points out.

The report is of the view that India’s domestic political stability will push up the growth rate despite the turbulent global economic environment.

India’s tea exports clock double digit growth during April-September

India’s tea exports clock double digit growth during April-September

India’s tea exports increased by 13.18 per cent in value to Rs 3,403.64 crore during the first half of the current financial year (April-September) from Rs 3,007.19 crore during the same period of the previous year, according to the latest data compiled by the Tea Board.

In volume terms, tea exports went up by 8.67 per cent to 122.55 million kg during this period compared with 112.77 million kg last year.

India exports tea to more than 25 countries throughout the world. UAE, Iraq, Iran, Russia, the US and the UK are the major importers of tea from India. During 2023-2024 UAE, Iraq and the US imported US$ 131.18 million, US$ 88.54 million and US$ 77.62 million of tea respectively from India.

Sensex ends flat, midcap and smallcap stocks outshine

Sensex ends flat, midcap and smallcap stocks outshine

The Indian stock market closed on a muted note on Tuesday after range-bound trading during the session.

At closing, Sensex was up 1.59 points at 81,510.05, and Nifty was down 8.95 points at 24,610.05.

Meanwhile, the broader market closed on a positive note. On the Bombay Stock Exchange (BSE), 2,025 stocks closed in the green, 1,938 stocks settled in the red, and 130 without change.

During the session, midcap and smallcap stocks outperformed largecap. Nifty midcap 100 index was up 136.65 points, or 0.23 per cent, at 59,135, and Nifty smallcap 100 index was up 54.60 points, or 0.28 per cent, at 19,583.

Among the sectoral indices, IT, PSU Bank, FMCG, metal, realty, and pvt bank were major gainers. Auto, pharma, media, energy, and infra were major laggards.

RBI, Finance Ministry coordination at its best, says Shaktikanta Das

RBI, Finance Ministry coordination at its best, says Shaktikanta Das

The Reserve Bank of India and the Finance Ministry have been on "best terms with excellent coordination and cooperation” over the last six years, outgoing RBI Governor, Shaktikanta Das, said in his farewell address on Tuesday.

He said, “The perspectives of the central bank and the Finance Ministry may differ at certain times but I believe in my tenure we have been able to settle such things."

Das said restoring a balance between inflation and growth in the economy remains an important task for the Reserve Bank.

Governors keep in mind the needs of the broader economy when deciding on things and eventually, it is a judgment call every time, he added.

Indian share market opens flat, Nifty above 24,600

Indian share market opens flat, Nifty above 24,600

The Indian stock market opened flat on Tuesday as selling was seen in Nifty's auto, energy, private bank and Infra sector in early trade.

At around 9:23 am, Sensex was trading at 81,533.01 after gaining 24.55 points or 0.03 per cent, while the Nifty was trading at 24,633 after rising 14.05 points or 0.06 per cent.

The market trend remained positive. On the National Stock Exchange (NSE), 1,508 stocks were trading in green, while 667 stocks were in red.

Experts said that the market is likely to move in a narrow consolidation pattern in the near-term. There are no major triggers that can push the market into a new bull orbit.

Share market ends lower, Sensex settles at 81,508 pts

Share market ends lower, Sensex settles at 81,508 pts

The Indian stock market closed in red on Monday as selling was seen in the FMCG sector, amid market sentiment being influenced by mixed global cues.

At closing, Sensex settled at 81,508.46 down by 200.66 points, or 0.25 per cent and Nifty ended at 24,619 down by 58.80 points, or 0.24 per cent.

Shares of Hindustan Unilever Limited were down by 4 per cent in early trade. At the end of trading, it fell by more than 3 per cent or Rs 83.15 and closed at Rs 2,401 per share.

Research analyst Vaibhav Vidwani said that market sentiment was influenced by mixed global cues and concerns over potential rate adjustments by the Reserve Bank of India (RBI), following recent policy announcements.

Experts said that the domestic market exhibited a range-bound trade after last week's rally.

Indian share market opens flat, Nifty below 24,700

Indian share market opens flat, Nifty below 24,700

The Indian stock market opened flat on Monday as heavy selling was seen in Nifty's FMCG sector in early trade.

At around 9:27 am, Sensex was trading at 81,748.46 after gaining 39.34 points or 0.05 per cent, while the Nifty was trading at 24,696.10 after rising 18.30 points or 0.07 per cent.

The market trend remained positive. On the National Stock Exchange (NSE), 1,450 stocks were trading in green, while 498 stocks were in red.

According to market experts, the near-term trend of the market is mildly bullish.

“The leadership for the rally which has taken the Nifty up by 3.2 per cent during the last fortnight has come from the leading banks, which are even now fairly valued, and have the potential to take the market forward,” they added.

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