Equity benchmarks Sensex and Nifty gave up early gains to close in the red on Wednesday after a selloff in power, metal and consumer durable stocks amid a weak trend in global equities. However, a rally in the rupee against the US dollar and unabated foreign capital inflows helped the indices restrict the losses, traders said. In a largely range-bound session, the 30-share BSE Sensex ended 151.60 points or 0.25 per cent lower at 61,033.55.
Indian companies are generating more cash than ever. The net cash flow from listed firms' operations hit a new high of Rs 11.1 trillion in financial year 2023-24 (FY24), crossing the Rs 10-trillion mark for the first time, according to the Centre for Monitoring Indian Economy (CMIE) data going back to 1990-91. The FY24 figure represents a 19.3 per cent jump over the previous year, even as quite a few companies are yet to release their numbers.
The 16th Brics Summit beginning Tuesday in Kazan, Russia, is expected to see more focus on creating a sharper energy policy for Brics that ensures closer partnership among members in both energy security and energy transition, official sources said. The same is expected to be a part of the Kazan declaration, currently being negotiated, they added.
Bollywood looked gorgeous as they stepped out on the red carpet at the IIFA (International Indian Film Academy) awards in Abu Dhabi.
The hollow metal spheres, each of about 1.5 feet diameter, fell between May 12 and 13 in Dagjipura, Khambholaj and Rampura villages of Anand district and Bhumel village of neighbouring Kheda district
A man has built an eco-friendly house with mud, mud tiles, jute, metal, and toys in Kozhikode, Kerala.
This trending sari style gives a dreamy ethereal twist to our traditional saris. And Bollywood is loving it.
Uzbekistan lives comfortably in several centuries but is also a forward-looking nation, Deepa Gahlot discovers on a visit to this Central Asian country.
Nothing combines elegance and beauty better than a Kerala kasavu sari.
Alia wore a stunning off-the-shoulder black jumpsuit with a metallic silver bustier that perfectly accentuated her figure. The combination of glossy black and shimmering silver was visually striking.
'Customers are coming in; if they aren't buying, they are at least visiting the stores, which was not the case before the Budget.'
Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the yellow metal and silver to 6 per cent.
Will it be Noel Tata, Ratan Tata's half brother?
MNC funds invest in companies where foreign promoters have more than 50 per cent shareholding.
The Bloody Ishq actor has been serving cool-girl style and winning hearts, one zabardast look at a time.
About two-thirds of the incremental net income of the Nifty 50 over FY19-24 has come from companies in relatively low-valued sectors such as banks, diversified financials, IT services, and metals and mining.
No matter the occasion, the Stree actor has a stellar look to serve.
Benchmark Sensex dropped 334 points on Monday due to intense selling pressure in metal and power stocks as FII outflows dampened investor sentiment. Besides, a sharp decline in the rupee against the US dollar also put pressure on domestic equities, traders said. After losing nearly 500 points, the 30-share BSE index recovered some lost ground to settle at 334.98 points or 0.55 per cent lower at 60,506.90. During the session, the index touched its intra-day low of 60,345.61.
She checked some major fashion boxes with her party-ready separates.
With Ganesh Chaturthi just around the corner, it's time for the shringaar that will make you an Insta star.
The Buddy actor has been turning every place she visits into her personal runway.
Benchmark Sensex closed above the 85,000 level for the first time while Nifty scaled the 26,000 peak at close on Wednesday as fag-end buying in banking and power shares helped stock markets recoup early losses. After a see-saw trade during the day, the 30-share BSE Sensex rose by 255.83 points or 0.30 per cent to settle at an all-time high of 85,169.87. During the day, it surged 333.38 points or 0.39 per cent to hit a record intra-day peak of 85,247.42.
A bench of justices Hrishikesh Roy and S V N Bhatti is likely to hear the plea filed by NGO Association of Protection of Civil Rights.
'A 20 per cent equity allocation to ESG funds is a good start.' 'As more evidence on ESG performance builds, investors may increase allocations.'
Equity benchmark Sensex plunged by 554.05 points on Tuesday, tracking deep losses in realty, auto and metal stocks amid widespread selling pressure in global markets. The 30-share index slumped by 554.05 points or 0.90 per cent to end at 60,754.86. The broader NSE Nifty fell by 195.05 points or 1.07 per cent to 18,113.05.
The airline had initiated a probe after the passenger posted on X that there was a blade-like metal object in the meal.
'While criticising India's high tariffs, Mr Trump stated he would impose reciprocal taxes on Indian products if re-elected.' 'However, since India's tariffs follow WTO rules, Mr Trump's actions would violate these rules,' Ajay Srivastava points out.
Sukanya Verma gives us some interesting options.
The countdown for the Ambani wedding begins.
India Inc has reported a muted start to the financial year 2024-25, with a decline in net earnings and a modest single-digit uptick in revenues. An analysis of 488 companies that have released their results for the June 2024 quarter reveals a 1.6 per cent year-on-year (Y-o-Y) drop in combined net profit -- the weakest performance in the past seven quarters. In stark contrast, the combined net profit of these companies experienced a 13.6 per cent Y-o-Y increase in the previous quarter (Q4FY24) and a 65.2 per cent Y-o-Y rise in Q1FY24.
Bold, bright and beautiful Ananya Panday in blue.
'Invest only in stocks of those companies that deliver on earnings and there is earnings visibility too for the next few quarters.'
Inflows into gold exchange-traded funds (ETFs), which manage a total of Rs 37,390 crore, have surged sharply in recent months. This trend is likely to continue, especially after the reintroduction of long-term capital gains tax (LTCG), which is likely to attract smart money into mutual fund offerings amid a robust outlook for the yellow metal. Smart money, also known as opportunistic flows, refers to strategic investments that are generally of a short-term horizon.
A style sweetheart, Shweta Basu Prasad doesn't need to try too hard to win you over.
'His contribution not only elevates our institution but also serves as an inspiring example of how our alumni community continues to drive meaningful change.'
Wholesale inflation fell to a 4-month low of 1.31 per cent in August due to a decline in prices of vegetables and fuel, even though onion and potato prices spiked, according to official data released on Tuesday. Wholesale price index-based inflation fell for the second straight month in August after it hit a high of 3.43 per cent in May. Inflation in July was 2.04 per cent. In August last year, WPI inflation was (-) 0.46 per cent.
'We expect market consolidation and recommend buying during market dips.'
Indian chess prodigy D Gukesh sealed a remarkable Chess Olympiad campaign with a decisive victory over GM Vladimir Fedoseev on Sunday in Hungary.
Maruti was the top gainer in the Sensex pack, rising over 4 per cent, followed by IndusInd Bank, HDFC Bank, Bajaj Finserv, Titan, Wipro, and Bharti Airtel. NSE Nifty jumped 197.05 points to end at 17,463.80.
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