The Indian market ended higher on Wednesday, with banking and metal stocks leading gains, while investors awaited updates from a Goods and Services Tax (GST) Council meeting expected to weigh rate cuts on several products. The NSE Nifty advanced 135.45 points, or 0.55%, to finish at 24,715.05, while the BSE Sensex jumped 409.83 points, or…
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,06,250.95 crore last week, with Bajaj Finance and Reliance Industries emerging as the biggest gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark jumped 901.11 points, or 1.12 per cent, and the Nifty climbed 314.15 points,…
Indian headline indices surrendered early gains in a volatile Tuesday session, dragged lower in the final hour by auto and bank stocks. Nifty faced stiff resistance at the 21-EMA, triggering a sharp intraday decline. The Nifty ended at 24,579.60, declining by 45.45 points or 0.18%, Sensex closed at 80,157.88, falling 206.61 points or 0.26%. Here’s…
Fitch Ratings has upgraded JSW Infrastructure‘s credit rating to ‘BBB-’ from ‘BB+’ and assigned its outlook as stable, marking a significant milestone in the company’s investment grade category. Affirming the ratings, Fitch said it expects that JSW Infra’s leverage, measured by gross debt/EBITDA, will remain below 3.5x (financial year ending March 2025 (FY25): 2.1x) over…
The Indian market ended lower on Friday, halting a six-day winning run, as investors turned cautious ahead of Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole symposium and braced for fresh U.S. tariffs on Indian goods, amid other headwinds weighing on sentiment. The BSE Sensex fell 693.86 points, or 0.85%, to close at…
The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,72,148.89 crore last week, with Reliance Industries leading the pack with the maximum gain, in line with a bullish trend in domestic equities. Last week, the BSE benchmark jumped 709.19 points or 0.87 per cent. From the top-10 pack, Reliance Industries,…
Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights. Importantly, RBI has clarified that following this acquisition, SMBC will not be classified as a promoter of Yes Bank. The bank…
The Indian market was closed for a national holiday on Friday. On Thursday, the Sensex and Nifty closed higher, breaking a six-week losing run driven by trade tensions and muted quarterly earnings, with gains in Infosys after it agreed to buy a stake in Australia’s Versent Group. Investor caution persisted ahead of Russia-U.S. talks on…
The Indian market ended higher on Wednesday, led by gains in auto and financial stocks, as softer U.S. retail inflation bolstered bets on a Federal Reserve rate cut in September and signs of easing domestic price pressures lifted investor sentiment. The benchmark BSE Sensex rose 0.38% or 304.32 points to close at 80,565 and the…
Indian headline indices ended Tuesday on a weak note dragged by banking and financial stocks even. HDFC Bank and ICICI bank were major spoilers. While Nifty declined 221.75 points or 0.4% to close at 24,487.40, the 30-stock S&P BSE Sensex finished at 80,235.59, falling by 368.49 points or 0.46%. Here’s how analysts read the market…