India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
"Looking at the rollovers, they are a little light as compared to the previous month. But of course, even the three-month average, there is some sort of respite in terms that FIIs have started buying," says Shivangi Sarda, Motilal Oswal Financial Services It is a day of monthly expiry. Maybe volatility is going to get exaggerated on account of that. But what is the sense? Are we done with the bulk of the correction? Or it is still going to be very-very range-bound? Shivangi Sarda: So, we have seen that there has been a lot of swings and market volatility. Of course, monthly expiry cannot be ruled out. The factors still indicate that there is going to be some sort of a mixed cues for the rest of the day and we are looking at 24,000 as a crucial make-or-break zone here. We have seen that it has taken some sort of a respite there and this will be important to watch out for. But definitely, there are hurdles standing at 24,500. A lot of call writers are still not ready to shed their positions there. So, quite a range-bound move. And there will be swings within it. So, we will have to play out accordingly. Of course, talking about Bank Nifty, there has been a similar chain of actions here as well, but then this index is holding stronger than the broader market and we have seen 52,000 is what it is holding on to, so that will be an important support to watch out for with a hurdle at 52,750, which it could not hold even in the morning gain. So, this will be important to watch out. Of course, we have the Nifty expiry today, so focus will be there. Do you expect that there could be some recovery at least in the next expiry? How are you reading into that? How are the rollovers looking like currently? Shivangi Sarda: Looking at the rollovers, they are a little light as compared to the previous month. But of course, even the three-month average, there is some sort of respite in terms that FIIs have started buying. The put-call ratio has improved. Volatility has come down. So, people are starting to buy. Buying at the support levels is intact, but somewhere the follow-up action is missing. Even from the last four trading sessions, we have not been able to surpass 24,500 and we have not been able to surpass our 50 daily exponential moving average for that matter. So, over and above, there is going to be some sort of hurdles as we move ahead, but major pain point is not what we are looking at in the index, so good time to buy and accumulate. What are your stock recommendations? Shivangi Sarda: So, from the top picks, first on radar is CUB. We have seen that this stock is all set to come out of its previous hurdle of 180-182 zone and we have been seeing a good amount of open interest addition here in this stock recently after the short covering move, so definitely there is some interesting activity happening here. RSI is showing positive divergence. And overall, stock looks quite promising. Now, we have seen that Bank Nifty has been moving in a stable manner, but of course, the smaller names are now showing strength, so look out for this one for a target of 190 with a support of 175. Now, the second pick on my radar is BEL. We have seen that defence space and related counters are in action. BEL has come out of its consolidation of the last 16 weeks and comfortably surpassed its previous hurdle of 305 levels and we have seen that a good amount of longs are being added over here from the last four trading sessions. So, this is one on radar. Interestingly, we have seen that IVs have started to cool down here, so definitely bulls are becoming comfortable in this stock. Seasonality-wise, this sector tends to favour this sector. So, we are looking at 320 as the next targets for BEL with a stop of 300. How is Exide Industries looking like on charts? Last couple of days, we have seen some strong volume action on this counter. It has also moved just about its 200 DMA today. Shivangi Sarda: So, talking about the entire auto and auto-related packs for that matter, we are little underperforming, looking at it as an underperforming sector for the next quarter at least. But again, we have seen that Exide is bottoming out. There is some sort of a base creation at 415 levels, so that is a positive for this stock. What we are looking for Exide is definitely on the upside 470 odd levels, but it will take a little bit of time because there is no tailwind from the sector.
Mumbai, Oct 24 (PTI) Benchmark indices Sensex and Nifty declined on Friday amid profit-taking in FMCG and banking shares following a six-day rally and fresh foreign fund outflows. Snapping its six-day winning streak, the 30-share BSE Sensex dropped by 344.52 points or 0.41 per cent to settle at 84,211.88. During the day, it fell by 599.25 points or 0.70 per cent to 83,957.15. The 50-share NSE Nifty declined by 96.25 points or 0.37 per cent to 25,795.15 as 34 of its constituents closed lower and 16 with gains. Profit-taking emerged after a six-day rally, during which key indices soared by ar ...Read More >
New Delhi, Apr 5 (PTI) The domestic stock market is expected to remain volatile this week as investors track the Reserve Bank's monetary policy decision, key global macroeconomic data and the impact of the West Asia conflict, analysts said. Movements in crude oil prices and foreign fund flows will also influence domestic equities, they added. Vinod Nair, Head of Research, Geojit Investments Ltd, said the RBI's Monetary Policy Committee (MPC) meeting will command centre stage domestically, with investors closely watching the central bank's stance on inflation and growth. "A rate pause is nea ...Read More >
New Delhi, Jun 8 (PTI) Equity investors would track global market trends, inflation data and trading activity of foreign investors for further cues this week, analysts said. Moreover, progress of monsoon and developments related to trade talks would also be monitored by investors, experts noted. "Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such as CPI inflation will be closely tracked to gauge demand trends and the central bank's next steps. Additionally, the progress of monsoon and sowing patterns will be monitored due ...Read More >
Air Marshal Bharti stressed the importance of self-reliance in the defence sector. New Delhi: Deputy Chief of the Air Staff, Air Marshal Awadhesh Kumar Bharti, on Tuesday stressed that India's defence sector is making significant strides towards self-reliance, with the Indian Air Force (IAF) actively pursuing indigenous projects. Air Marshal Bharti emphasised the importance of indigenous engine production, stating that within the next 10-12 years, India aims to develop its own engine. This amb ...Read More >
Mumbai (Maharashtra) [India], December 5 (ANI): The Indian stock market on Friday ended higher after the Reserve Bank of India (RBI) cut the policy repo rate by 25 basis points to 5.25 per cent, as the MPC's outcome served as the key catalyst for the market's rebound. At the close of trading today, the BSE Sensex ended at 85,712.37, up 447.05 points or 0.52 per cent, while the NSE Nifty50 stood at 26,186.45, up 152.7 points or 0.59 per cent. Broader markets were mixed, with the Nifty Midcap100 up 0.5 per cent while the Smallcap100 index slipped 0.6 per cent, indicating selective participatio ...Read More >
"This initiative will play an important role in establishing Uttar Pradesh as a strong and reliable identity in the field of defence manufacturing, while also accelerating the overall economic and industrial development of the Bundelkhand region," Adityanath said. Strategically located in central India, the Chitrakoot node is emerging as a major centre for defence production due to its excellent logistics connectivity and geographical suitability. In the coming time, it will become a key driver ...Read More >
Silver prices hit record highs in India and globally, driven by rate-cut expectations, strong industrial demand, supply deficits and safe-haven flows, with the metal outperforming gold, topping crude oil prices and maintaining a bullish medium-term outlook amid broader macroeconomic shifts Silver prices surged to a historic high of Rs 2,06,111 per kilogram on the Multi Commodity Exchange (MCX) on Wednesday, extending their bullish momentum, which was seen this year, amid strong global cues, macr ...Read More >
New Delhi, Mar 2 (PTI) Equity investors became poorer by Rs 6.59 lakh crore on Monday as markets faced a massive drubbing amid rising tensions in West Asia that weighed heavily on sentiments. The 30-share BSE Sensex tanked 2,743.46 points or 3.37 per cent to 78,543.73 in early trade. It later ended at 80,238.85, down 1,048.34 points or 1.29 per cent. The market capitalisation of BSE-listed companies eroded by Rs 6,59,978.08 crore to Rs 4,56,90,693.19 crore (USD 5 trillion). "Indian equities witnessed a sharp decline as escalating tensions in West Asia triggered a pronounced risk-off respons ...Read More >
Bangalore Gold Rate Today: There was a decline in the gold rate today, Monday, September 15, for the second consecutive session. The mild decline follows an exorbitant surge in the price of the precious metal amid rising geopolitical uncertainty and trade tensions. September 15's decline in gold rate has raised expectations amongst retail jewellery buyers, especially in Bangalore, of further decline in prices in the coming days. However, experts believe that the international gold rates, which directly impacts their domestic prices in cities like Bangalore, are likely to increase in the comin ...Read More >
Mumbai, Oct 3 (PTI) Benchmark indices Sensex and Nifty advanced for the second straight session on Friday, powered by buying in metal and telecom stocks following a firm trend in global markets. After swinging between gains and losses for most of the session, the 30-share BSE Sensex climbed 223.86 points, or 0.28 per cent, to settle at 81,207.17. During the day, the index touched a high of 81,251.99 and a low of 80,649.57, gyrating 602.42 points. As many as 2,710 stocks advanced while 1,490 declined and 139 remained unchanged on the BSE. The 50-share NSE Nifty edged higher by 57.95 points, ...Read More >
Lucknow: Chief Minister Yogi Adityanath on Wednesday handed over the land allotment letter for 75 hectares in the Chitrakoot node of the Uttar Pradesh Defence Industrial Corridor to Bharat Electronics Limited Chairman and Managing Director Manoj Jain. This initiative is being seen as an important institutional step towards the systematic and phased development of the Chitrakoot defence node, which will strengthen defence manufacturing infrastructure in the state and give fresh momentum to the expansion of the industrial base in the Bundelkhand region. On this occasion, the Chief Minister sai ...Read More >
New Delhi, Dec 12 (PTI) Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity finished at Rs 80,400 per 10 grams in the previous trading session. The yellow metal has jumped nearly Rs 2,000 in the past three sessions. Silver also rallied Rs 700 to Rs 97,000 per kg on Thursday. The white metal settled at Rs 96,300 per kg in the previous session. The price of gold of 99.5 per cent purity also surged Rs 500 to Rs 80,5 ...Read More >
NEW DELHI: The defence ministry has inked a major capital acquisition contract with PSU Bharat Electronics Limited (BEL) for the procurement of two mountain radars, including associated equipment and infrastructure, for the Indian Air Force, at a cost of around Rs 1,950 crore.The installation and commissioning of these radars will boost the country's air defence and strengthen national security. The procurement will also reduce the dependency on foreign equipment.The radars are indigenously designed and developed by DRDO's electronics and radar development establishment, and will be manufactur ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Reddy placed an onus on educational institutions to ensure their campuses were free of drugs. "It is the ...Read More >
Mumbai (Maharashtra) [India], December 5 (ANI): The Indian stock market on Friday ended higher after the Reserve Bank of India (RBI) cut the policy repo rate by 25 basis points to 5.25 per cent, as the MPC's outcome served as the key catalyst for the market's rebound. At the close of trading today, the BSE Sensex ended at 85,712.37, up 447.05 points or 0.52 per cent, while the NSE Nifty50 stood at 26,186.45, up 152.7 points or 0.59 per cent. Also Read | Dharmendra 90th Birth Anniversary: Sunny Deol and Bobby Deol Invite Fans at Khandala Farmhouse To Celebrate Late Actor's Legacy on December ...Read More >
New Delhi: The defence ministry on Tuesday inked a Rs 1,950 crore contract with state-run Bharat Electronics Limited for the procurement of two mountain radars and related infrastructure for the Indian Air Force. The installation and commissioning of these radars will boost the country's air defence and strengthen national security, the ministry said, adding the procurement will also reduce the dependency on foreign equipment. ...Read More >
NEW DELHI: The Defence Ministry on Tuesday inked a Rs 1,950 crore deal with Bharat Electronics Limited (BEL) for two indigenous mountain radars to plug critical air surveillance gaps along high-altitude frontiers. Designed by DRDO's Electronics and Radar Development Establishment and to be manufactured by BEL under the Buy (Indian-IDDM) category, the deal includes associated equipment and forward deployment infrastructure. "The installation and commissioning of these radars will boost the country's air defence and strengthen national security. The procurement will also reduce dependency on f ...Read More >
New Delhi: The defence ministry will take up a Rs 10,000 crore proposal later this month to buy three spy planes from foreign manufacturers for the Indian Air Force to get a clear air-to-ground picture to carry out precision strikes against enemy ground targets like radar stations, air defence units and other objects. The systems on board on the aircraft -- part of the intelligence, surveillance, target acquisition and reconnaissance (I-STAR) project -- would be indigenous, developed by the DRDO's Centre for Airborne Systems. The development of the I-STAR system would add India to a select cl ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from the Mumbai police and the Brihanmumbai Municipal Corporation's local ward machinery, an official from ...Read More >
Get latest articles and stories on India at LatestLY. Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. New Delhi, Dec 12 (PTI) Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity ...Read More >
PNN Kolkata (West Bengal) [India], December 4:Exide Industries Limited announced the appointment of Amol Mehra as President and Chief Procurement Officer (CPO), wherein he will be spearheading the group's procurement and spend management efforts. Amol brings close to 25 years of experience in the field of Commodities, incl. Metals and Coal, as well as sales and trading across B2B and B2C segments. Having worked with organisations like Adani Enterprises Ltd, Trafigura India , KCM, Vedanta Group, Ballarpur Industries, GE Shipping in the past, Amol brings a wealth of knowledge with proven track ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Cardano has slipped about 1.54% in the past day, but signs are pointing toward a turn in its fortunes. Traders have spotted a rare weekly golden cross on the ADA/USD chart. That happens when a shorter moving average crosses above a longer one. It can signal that buyers are gaining the upper hand after months of sideways action. According to analyst Mr. Brownstone, Cardano just logged its first‑ever weekly golden cross, with the 50‑week moving average climbing above the 200‑week ...Read More >
Indian stock market: The equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday, following mixed cues from global markets. Asian markets traded mostly higher, while the US markets ended mixed, with the Nasdaq posting a record high close. This week, investors will focus on key stock market triggers, including the developments over India-US trade deal, US Federal Reserve policy, India-EU trade deal, flow of foreign funds, and other key domestic and macroeconomic data. On Friday, the Indian stock market ended higher, with the benchmark Nifty 50 closing above ...Read More >
NEW DELHI: The defence ministry on Tuesday signed a ₹1,950-crore deal with Bharat Electronics Limited (BEL) to equip the Indian Air Force with two mountain radars, associated equipment and the required infrastructure, strengthening the country's air defences. The contract is the last capital acquisition contract of financial year 2025-26. This radar is indigenously designed and developed by DRDO's Electronics and Radar Development Establishment and will be manufactured by BEL. "The installati ...Read More >
New Delhi, Apr 1 (PTI) Gold price climbed Rs 1,539 to Rs 1.52 lakh per 10 gram in futures trade on Wednesday due to bullish sentiment in the domestic market amid rise in precious metal rates globally and a weaker US dollar. On the Multi Commodity Exchange, the yellow metal for June delivery increased Rs 1,539, or 1.02 per cent, to Rs 1,52,300 per 10 grams from Tuesday's closing level of Rs 1,50,761 per 10 grams. Commodity markets were closed in the morning session on account of Shri Mahavir Jayanti and resumed trading in the evening session on Tuesday. Analysts said investors turned to safe ...Read More >
New Delhi [India], June 8 (ANI): Karnataka Deputy Chief Minister DK Shivakumar on Sunday said that a commission has been formed that is currently conducting an inquiry into the Bengaluru stampede incident, where 11 people had lost their lives on June 4 during RCB's IPL victory celebrations. He further refrained from commenting further on the matter, noting that the state's Home Minister would provide a detailed response. 'The commission is conducting an inquiry. I will not say much. The Home Minister will reply,' said Shivakumar. Meanwhile, Karnataka Home Minister G Parameshwara, addressing ...Read More >
Nagpur: The Nagpur Metropolitan Region Development Authority (NMRDA) has almost completed the Rs 132.49 crore phase 1 of the Tajbagh renovation and beautification project and is now awaiting Rs 95.87 crore to start phase 2 of the project. Under the first phase, NMRDA strengthened and beautified the main dargah, constructed a shopping complex, a choti dargah, shops, and other structures, including marble flooring. According to NMRDA sources, Phase 1 of the project received Rs 132.49 crore administrative approval, out of which the agency received Rs 128.95 crore, while Rs 3.54 crore is pending. ...Read More >
NEW DELHI: In a move aimed at strengthening India's indigenous defence manufacturing capabilities, Bharat Electronics Limited (BEL) has acquired 75 hectares of land in the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) defence node at Chitrakoot.The defence PSU will invest around Rs 600 crore to set up an advanced manufacturing facility that will cater to futuristic defence programmes, including the Quick Reaction Surface-to-Air Missile (QRSAM), the upcoming Kusha Air Defence System, next-generation radar systems, and a maintenance, repair and overhaul (MRO) facility, the ...Read More >
Bharat Electronics (BEL) has announced that it has secured additional orders worth Rs 6,795 crore since its last disclosure on 30 March 2026.According to an exchange filing, the newly acquired contracts include supply of mountain radars for the Ministry of Defence, avionics packages for the Light Combat Aircraft (LCA) from Hindustan Aeronautics, major export order for communication equipment, electronic fuzes, strategic components, upgrades, spares, services etc. Bharat Electronics (BEL) is a Na ...Read More >
Lucknow, Apr 8 (PTI) Chief Minister Yogi Adityanath on Wednesday handed over the land allotment letter for 75 hectares in the Chitrakoot node of the Uttar Pradesh Defence Industrial Corridor to Bharat Electronics Limited Chairman and Managing Director Manoj Jain. "This initiative will play an important role in establishing Uttar Pradesh as a strong and reliable identity in the field of defence manufacturing, while also accelerating the overall economic and industrial development of the Bundelkhand region," Adityanath said. Strategically located in central India, the Chitrakoot node is emergi ...Read More >