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The indictment by US DoJ of Adani Group officials is nothing but a frivolous expense, Mr Mobius said. New Delhi: The recent indictment by the US Department of Justice (DoJ) of Adani Group officials is nothing but a frivolous expense and once President-elect Donald Trump assumes office, such wasteful exercises involving the government offices with overseas businesses will probably fade away, ace global investor Mark Mobius told news agency IANS on Tuesday. His comment came as serious questions
Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered ground as some partners and investors rallied behind it. State Bank of India will not stop lending to ongoing Adani projects that are nearing completion, two sources told Reuters, but will exercise caution when disbursing loans to ensure all terms and conditions are being met. Bank of India, Union Bank, ICICI Bank, Canara Bank, IDBI Bank and RBL Bank, which have relatively smaller exposures to the Adani Group, are undertaking similar exercises, sources said. A regulat ...Read More >
Bengaluru -- Gold prices rose for a second session on Tuesday as the dollar weakened, with markets evaluating the possible consequences of US President Donald Trump's policies in his second term after his inauguration. Spot gold gained 0.6% to $2,724.74/oz by 2.40am GMT. US gold futures was 0.2% lower at $2,742.50. The dollar was down about 1% after reports suggested any new taxes would be imposed in a "measured" way. A weaker dollar makes gold more attractive to foreign buyers. "There is a sense of relief in risk sentiment to know that tariffs have not been an immediate focus. The unwindin ...Read More >
Mumbai, Jul 3 (PTI) Equity benchmark indices Sensex and Nifty climbed in initial trade on Thursday, mirroring a positive trend in Asian markets, amid optimism over India-US trade deal. The US-Vietnam trade deal also had a positive effect on the domestic equities, analysts said. The 30-share BSE Sensex climbed 242.83 points to 83,652.52 in early trade. The 50-share NSE Nifty went up by 83.65 points to 25,537.05. "US President Trump announced a trade deal reducing Vietnam's tariff to 20 per cent from 46 per cent, raising hopes that India's effective tariff rate may settle around 15-18 per cen ...Read More >
Stocktwits - Indian markets remained rangebound at open, with the Nifty index hovering around the 25,400 level. The retail sentiment on Stocktwits for Nifty has moved to 'neutral' from 'bullish'. Nifty sentiment and message volume on July 4 as of 9:45 am IST. | source: StocktwitsSectorally, metals continued to trade under pressure, while real estate, FMCG and pharma stocks saw some buying. Trent (NSE:TREN) was the top Nifty loser, falling 8% after management at its AGM stated that its fashion segment is expected to grow approximately 20% in Q1FY26E. Nuvama has downgraded the stock to 'Hold' ...Read More >
Mumbai, December 4: The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday. Banking stocks rose amid volatile sessions in the market due to the possibility of Cash Reserve Ratio (CRR) cut by the central bank. Sensex settled at 80,956.3, higher by 110.58 points, or 0.14 per cent, while the Nifty ended at 24,467.45, up by 10.30 points, or 0.04 per cent. Stock Mark ...Read More >
Stocktwits - Indian markets opened on a cautious note on Monday, with the Nifty hovering around the 25,450 level as investors await clarity on US tariffs, Reports suggest that a mini-trade deal between the US and India is likely to be announced within the next two to three days. On the other hand, US President Donald Trump issued a warning to BRICS member countries, threatening to impose a 10% additional tariff on any nation that aligns itself with 'anti-American' policies of the bloc. At 09:40 a.m. IST, the Nifty 50 traded 16 points higher at 25,477, while the Sensex rose 35 points to 83,46 ...Read More >
Proceedings in both houses of the Parliament came to halt on Wednesday amid protests by Oppostion members over the Adani Bribery controversy, recent violence in Sambhal in Uttar Pradesh and other issues. Lok Sabha proceedings were initially adjourned until 12 noon and later until Thursday, as Opposition members, including those from Congress, protested and sought to raise various issues at the start of the session. Some members from the Congress and Samajwadi Party were in the Well while other Opposition members stood in the aisle and shouted slogans. The Opposition members wanted to discus ...Read More >
New Delhi: Chief minister Rekha Gupta on Sunday said authorities cannot go against demolition orders issued by courts and stressed that displaced residents have been provided accommodation.Her words came in the wake of the recent Madrasi Camp demolition for which the opposition Aam Aadmi Party (AAP) has criticised her. AAP has targeted Gupta, and alleged that the displaced Madrasi Camp residents were provided homes in faraway Narela, and those lack basic amenities.Attending an event to mark the construction of a Jan Sewa camp at a slum cluster in the Haiderpur area, Gupta told reporters: "In t ...Read More >
Mumbai: Indian stock markets opened on a positive note Friday, buoyed by optimism over a potential "great" trade deal between India and the United States, as hinted by former US President Donald Trump. Early morning trade saw gains led by PSU banks and IT stocks, with benchmark indices climbing steadily. At 9:15 AM, the BSE Sensex was up 150.40 points or 0.18%, trading at 83,906.27, while the NSE Nifty gained 54.50 points or 0.21% to trade at 25,603. Speaking at the 'Big Beautiful Event' held at the White House, Trump indicated a significant bilateral trade deal with India could soon materia ...Read More >
June 30 (Reuters) - Futures tracking the S&P 500 and Nasdaq touched record highs on Monday, as optimism over U.S. trade negotiations with its key partners helped support upward momentum in markets. Shares of technology heavyweights rose premarket after Canada scrapped its digital services tax targeting U.S. tech firms, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States. Shares of Amazon (AMZN.O), opens new tab, Meta Platforms (META ...Read More >
Stocktwits - Indian markets opened firm on Wednesday, tracking mixed global cues, as optimism builds around a potential U.S.-India trade deal ahead of the critical July 9 deadline. The retail sentiment on Stocktwits for Nifty remained 'bullish'. Sectorally, it's a mixed bag with technology and metals leading the gains, while PSU banks and media stocks witnessed some selling pressure. IndusInd Bank (NSE:INBK) is the top Nifty loser, falling 3% as Goldman Sachs (NYSE:GS) downgraded it to 'Sell' with a target price of ₹722 per share. They expect subdued returns even after a recovery in H2 FY26 ...Read More >
New Delhi, July 7 (SocialNews.XYZ) Backing Prime Minister Narendra Modi's firm stance on terrorism at the BRICS Summit, senior Congress leader and Rajya Sabha MP Pramod Tiwari on Monday expressed his complete faith that India will fight terrorism with full resolve and determination. His remarks came in response to PM Modi's statement at the global summit, where he called terrorism "the most serious challenge facing humanity" and emphasised that condemning terrorism must be a matter of principle, not convenience. Speaking to IANS, Pramod Tiwari supported the Prime Minister, stating, "At the B ...Read More >
Trump warns BRICS nations against replacing US dollar Dec 2 (Reuters) - A gauge of emerging market stocks rose on Monday, driven by positive manufacturing data from China and expectations of continued policy support from Beijing, while India's rupee hit a record low because of weaker-than-expected economic data. As of 0932 GMT, the MSCI's index for emerging market stocks had risen by 0.7%, on track for its biggest percentage gain in over three weeks. China's blue-chip CSI 300 climbed 0.8%, and the Shanghai Composite index jumped 1.1% after a private survey indicated that Chinese factory act ...Read More >
Mumbai: The rupee rose 22 paise to close at 85.50 against the greenback on Friday on the back of sustained inflow of foreign funds and firm domestic equity markets. Lower level of American currency index also favoured the Indian unit though an uptrend in crude oil prices capped its gain, forex traders said. Foreign institutional investors (FIIs) purchased equities worth Rs 1,397.02 crore on a net basis on Friday, according to exchange data. This inflow came on the heels of a net buying of equities worth Rs 12,594.38 crore on Thursday. At the interbank foreign exchange, the rupee opened at 8 ...Read More >
Ahmedabad (Gujarat) [India], June 30 (ANI): Adani Green Energy Limited (AGEL) has achieved a significant milestone by surpassing 15,000 megawatts (MW) of operational capacity, specifically reaching 15,539.9 MW. According to the Adani group, this accomplishment marks the fastest and largest capacity addition in India to date. The operational portfolio includes ~11,005.5 MW of solar, ~1,977.8 MW of wind, and ~2,556.6 MW of wind-solar hybrid capacity. Also Read | TikTok Deal To Be Announced Soon in US? Donald Trump Says He Has Found a Group of 'Very Wealthy People' To Buy ByteDance-Owned App, I ...Read More >
Mumbai: Domestic institutional investors (DII) have intensified buying in the equity market in the first six months of 2025 compared with the corresponding period in the previous year whereas their overseas counterparts (FPIs) continued to be net sellers during both periods. DIIs have bought shares worth over ₹3.5 lakh crore so far in 2025 compared with ₹2.4 lakh worth of purchase in the first six months of 2024. FIIs on the other hand were net sellers of ₹1.2 lakh crore worth of Indian equities in each of the periods. In January and February, foreign investors remained aggressive sellers in ...Read More >
Mumbai, Jul 1 (PTI) Rupee appreciated 17 paise to close at 85.59 against the US dollar on Tuesday, supported by weakness of the American currency in the overseas market and a positive tone in the domestic equities amid rise in risk appetite. Forex traders said the US dollar is trading at lowest levels since February 2022 as President Donald Trump's growing influence on Federal Reserve policy revived fears over the central bank's independence. Moreover, Brent crude prices remained subdued, offering a buffer to India's import bill and helping cool inflation. At the interbank foreign exchange, ...Read More >
MUMBAI (Reuters) -The Indian rupee is expected to open lower on Wednesday, tracking declines in most other Asian currencies and equities amid renewed worries over U.S. President Donald Trump's tariffs. The 1-month non-deliverable forward indicated a open in the 85.62-85.64 range, versus 85.52 on Tuesday. The rupee has been largely range bound in recent sessions, holding between the key support zone at 85.90-86.00 and resistance near 85.30. "Both of these levels are difficult to break," a currency trader at a bank said. "You'll likely have to wait until July 9 for a decisive move, and that's ...Read More >
China and Hong Kong stock markets are experiencing a downturn due to rising concerns over the U.S.-China trade war, particularly regarding proposed tariffs and chip sales restrictions. The CSI300 and Shanghai Composite indexes fell, while Hong Kong's Hang Seng Index dropped 1.32%. Investors are wary of potential new restrictions on semiconductor and AI chip exports to China, further exacerbating market uncertainty. The automotive sector, led by BYD, also suffered from intense price competition among Chinese carmakers. Investor sentiment remains cautious, reflecting fears of escalating trade te ...Read More >
Mumbai, November 29: The Indian stock market opened in green on Friday as buying was seen in the Media and Pharma sector in early trade. At around 09.44 a.m., the Sensex was trading at 79,369.57 after gaining 325.83 points or 0.41 per cent, while the Nifty was trading at 24,019 after rising 104.85 points or 0.44 per cent. The market trend remained positive. On the National Stock Exchange (NSE), 1345 stocks were trading in the green, while 876 stocks were in the red. Nifty Bank was up 224.45 points or 0.43 per cent at 52,131.30. Nifty Midcap 100 index was trading at 56,397.95 after gaining 97. ...Read More >
NEW DELHI: Backing embattled Adani Group, rating agency CRISIL Ratings on Friday said the conglomerate has sufficient liquidity and operational cash flows to meet debt obligations and committed capex and that there has been no negative actions so far by lenders and investors following the US indictment of group founder chairman. The Adani Group, which has the flexibility to reduce certain discretionary capital expenditure (capex) depending on developments in financial markets and future capital availability, has a healthy Ebitda and cash balance that reduces its dependence on external debt to ...Read More >
Amazon Web Services (AWS) has launched the Quantum Embark advisory program to help businesses prepare for the emerging quantum computing era. The program comes as quantum stocks, like IonQ, see significant growth, driven by innovations in drug discovery, cryptography, and materials science. Companies like D-Wave and Rigetti are advancing quantum technologies, with D-Wave focusing on optimization problems and Rigetti on scalable quantum systems. Despite early financial losses, these companies are gaining traction with government contracts and commercial clients. As quantum computing evolves, in ...Read More >
The Chinese yuan was also facing its own challenges from the growing threat of more U.S. tariffs on China, pushing it down to a 13-month trough. Japan's tech-heavy Nikkei jumped 1.6% as of 0200 GMT, and South Korea's KOSPI advanced 1.7%. Taiwanese shares gained 1.1%. Australia's stocks benchmark rose 0.7% and reached a fresh all-time high. However, Chinese stocks were under pressure, with Hong Kong's Hang Seng edging slightly lower and mainland blue chips falling 0.3%. MSCI's broadest index of Asia-Pacific shares added 0.7%. Both S&P 500 and Nasdaq futures were flat after the cash indexes ...Read More >
Mumbai, Jul 7 (PTI) The rupee logged a steep fall of 54 paise to settle at 85.94 against the US dollar on Monday amid rising global crude oil prices and a strong American currency. Subdued sentiment in domestic equities due to uncertainties over US President Donald Trump's trade tariffs put further pressure on the local unit, according to forex traders. At the interbank foreign exchange, the domestic currency opened at 85.53 against the greenback and traded in a wide range of 85.51-86.03 before settling at 85.94, lower by 54 paise from its previous close. The rupee rose 15 paise to settle a ...Read More >
INDIA bloc MPs, donning black jackets with slogans like "Modi Adani Ek Hai", protested at Parliament demanding a joint probe into the Adani issue. Priyanka Gandhi Vadra accused PM Modi of evading discussion on the "Adani mega scam" while defending Adani's alleged corruption. Rahul Gandhi asserted that Modi won't investigate Adani as it would be like investigating himself.Congress leader Priyanka Gandhi Vadra Thursday said the country's people want the "Adani mega scam" to be discussed in Parliame ...Read More >
New Delhi: India's opposition MPs on Wednesday, December 11, greeted their BJP counterparts in Parliament premises with the tricolour in one hand and a red rose in the other, urging the ruling party to ensure that the Parliament functions properly. This is the latest in a series of demonstrations led by Congress over the issue regarding industry mogul Gautam Adani getting indicted by the US. Leader of Opposition in the Lok Sabha Rahul Gandhi also offered the tricolour in the form of a card to Defence Minister Rajnath Singh when the latter was entering the main Parliament building. Congress ...Read More >
New Delhi: Indian expats in the U.S. may soon get some relief on money transfers back home. The final draft of the 'One Big Beautiful Bill Act', backed by former President Donald Trump, now proposes slashing the remittance tax to just 1 per cent. This is a major reduction from earlier versions which suggested a 5 per cent levy, later brought down to 3.5 per cent in the House proposal. The revised proposal is expected to benefit around 2.9 million Indians living in the U.S. -- the second-largest immigrant group in the country, according to the Migration Policy Institute. As per The Economic Ti ...Read More >
New Delhi [India], July 2 (ANI): India stock benchmarks continued to remain in the red after the latest rally, in what analysts attribute it as profit booking by investors. Besides, analysts opine uncertainties around extension in Trump reciprocal tariffs beyond July 9, and a India-US bilateral trade agreement weighed on the Indian stock indices this week. Today, the benchmark indices witnessed profit booking at higher levels, said Shrikant Chouhan, Head Equity Research, Kotak Securities The Nifty ended 88 points lower, while the Sensex closed 288 points lower. Among sectors, Metal index o ...Read More >
Mumbai (Maharashtra) [India], July 3 (ANI): India stock benchmarks extended declines on Thursday, weighed down by continued profit booking, following last week's sharp rally. At the end of the trading session, Nifty was down 48.10 points or 0.19 per cent at 25,405.30 and the BSE's Sensex was down by 170.22 points or 0.20 per cent, reaching 83,239.47. Also Read | The Nutritional Impact of Refined Cooking Oil Is Significant. "The domestic equity market continued to consolidate as profit booking followed last week's sharp rally," said Vinod Nair, Head of Research, Geojit Investments Limited. ...Read More >
(Reuters) -India's benchmark equity indexes are expected to open largely flat on Friday as investors assess the market regulator's move to bar U.S. trading company Jane Street from the local securities market over alleged manipulation. The Gift Nifty futures was down 0.2% at 25,516 points, as of 8:14 a.m. IST, indicating that the Nifty 50 will hover around its previous close of 25,405.3. The Securities and Exchange Board of India (SEBI) has passed an interim order on Jane Street's alleged manipulation through positions taken in equities derivatives. The regulator said in its order that Jane ...Read More >