The Indian market ended lower for a third consecutive session on Wednesday, deepening a sharp market rout that has erased nearly Rs 14 lakh crore in investor wealth. The selloff, driven by global jitters and uneven corporate earnings, pushed the benchmark Sensex down more than 1,660 points over three sessions, while the Nifty 50 slipped…
The Indian market closed lower on Friday, with the Sensex and Nifty edging down as investors pared positions near record highs, with thin year-end trading and continued foreign outflows tempering risk appetite. The pullback capped a subdued session marked by light participation and selective selling across index heavyweights. The BSE Sensex fell 367 points, or…
Indian headline indices ended with minor gains on Friday, weighed down by FMCG and pharma stocks, though energy counters helped the benchmarks close in the green. It was a volatile session where the BSE Sensex, after swinging 675 points intraday, ended 259.75 points higher (0.32%) at 80,501.99. Meanwhile, the Nifty50 edged up 12.50 points (0.05%)…
Investors across the spectrum have renewed their interest in India’s microfinance space, displaying confidence in the sector’s turnaround ability from the recent setbacks. Two lenders have raised equity capital in March alone, while at least another three deals are in the pipeline, even as the average return on equity for the pure-play microfinance lenders turned…
India’s benchmark indexes closed in red on Wednesday, dragged lower by selling pressure in heavyweight financial and consumer stocks as market sentiment remained cautious ahead of the upcoming corporate earnings season, while worries over the likelihood of fewer interest rate cuts by the U.S. Federal Reserve added to the overall subdued mood in the market….