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New Delhi: The Indian Rupee saw its biggest single-day gain in nearly 13 years on Thursday, closing at 93.10 against the US dollar, as authorities stepped up efforts to curb currency speculation. The sharp rally came after the Reserve Bank of India tightened rules in both domestic and offshore markets. "The move was largely driven by improved risk sentiment following US President Donald Trump's speech, which hinted at negotiations rather than escalation, triggering a relief rally. However, unc ...Read More >
New Delhi [India], April 2 (ANI): Oil marketing companies (OMCs) in India are currently incurring significant losses on fuel sales as global crude oil prices surge amid the ongoing West Asia conflict, even as retail fuel prices remain unchanged, according to the Ministry of Petroleum and Natural Gas. Addressing reporters at an inter-ministerial briefing on Thursday, Sujata Sharma, Joint Secretary in the Ministry, said that OMCs are facing under-recoveries of about Rs 24 per litre on petrol and ...Read More >
Mumbai, Apr 2 (PTI) The rupee logged one of its steepest single-day gains in many years and settled 156 paise higher at 93.14 (provisional) against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At ...Read More >
Mumbai, April 2: Gold and silver prices on Thursday fell up to 5.6 per cent after US President Donald Trump's prime-time address on the Middle East conflict failed to deliver fresh signals of an imminent resolution, disappointing bullion bulls who hoped for a ceasefire announcement. On the Multi Commodity Exchange (MCX), gold futures (June 5) fell as much as 2.31 per cent, or Rs 3,563, to hit an intraday low of Rs 1,50,145 till 10:30 am. On the intraday high, the yellow metal traded 0.79 per cen ...Read More >
Mumbai: Gold and silver prices on Thursday fell up to 5.6 per cent after US President Donald Trump's prime-time address on the Middle East conflict failed to deliver fresh signals of an imminent resolution, disappointing bullion bulls who hoped for a ceasefire announcement. On the Multi Commodity Exchange (MCX), gold futures (June 5) fell as much as 2.31 per cent, or Rs 3,563, to hit an intraday low of Rs 1,50,145 till 10:30 am. On the intraday high, the yellow metal traded 0.79 per cent, or Rs ...Read More >
Mumbai, April 2 (SocialNews.XYZ) Gold and silver prices on Thursday fell up to 5.6 per cent after US President Donald Trump's prime-time address on the Middle East conflict failed to deliver fresh signals of an imminent resolution, disappointing bullion bulls who hoped for a ceasefire announcement. On the Multi Commodity Exchange (MCX), gold futures (June 5) fell as much as 2.31 per cent, or Rs 3,563, to hit an intraday low of Rs 1,50,145 till 10:30 am. On the intraday high, the yellow metal tr ...Read More >
Mumbai (PTI): Equity benchmark indices Sensex and Nifty declined 2 per cent in early trade on Thursday amid rising geopolitical tensions following US President Donald Trump's warning of intensified military actions against Iran, driving crude oil prices higher. Unabated foreign fund outflows also added to the weakness in domestic equities. The 30-share BSE Sensex plummeted by 1,433.72 points, or 1.96 per cent, to 71,700.60. The 50-share NSE Nifty dived 445.70 points, or 1.97 per cent, to 22,23 ...Read More >
New Delhi, April 2 (SocialNews.XYZ) The Indian rupee posted its biggest single-day gain in more than 12 years on Thursday as authorities intensified their crackdown on currency speculation by extending curbs to offshore derivatives markets, days after tightening limits on banks' local positions. The currency strengthened as much as 1.7 per cent to 93.25 against the dollar -- its sharpest rise since September 2013 -- as trading resumed after a three-day holiday break. The rally came despite bro ...Read More >
Mumbai: Stock markets closed nearly 2 per cent higher on Wednesday, with the Sensex and Nifty rallying in tandem with global peers amid hopes of de-escalation in the West Asia conflict. Starting the new fiscal year on a high note, the 30-share BSE Sensex jumped 1,186.77 points or 1.65 per cent to settle at 73,134.32. During the day, it surged 2,017.03 points or 2.80 per cent to 73,964.58. Snapping its two-day falling streak, the 50-share NSE Nifty climbed 348 points or 1.56 per cent to end at 2 ...Read More >
Mumbai, Apr 2 (PTI) The rupee recovered 151 paise from its record low level to trade at 93.19 against the US dollar in early deals on Thursday, backed by the Reserve Bank's move to restrict banks' net open position in the onshore forward delivery market. The domestic unit, however, faced pressure due to unabated withdrawal of foreign capital, strengthening dollar and rising crude oil prices amid volatile geopolitical situation, forex analysts said. At the interbank foreign exchange, the rupee ...Read More >
Mumbai, April 2: Indian equity benchmarks experienced a significant sell-off on Thursday, April 2, with the BSE Sensex plunging over 1,400 points in intraday trade. The National Stock Exchange (NSE) Nifty50 also dropped below the crucial 22,250 level, wiping out the gains recorded in the previous session. The downturn was primarily triggered by escalating geopolitical tensions in West Asia and a sharp spike in global crude oil prices following a highly anticipated speech by U.S. President Donald ...Read More >
Mumbai, April 2 (SocialNews.XYZ) Indian stock markets opened sharply lower on Thursday, with key equity benchmarks declining more than 1 per cent amid fresh escalation in the West Asia conflict. Sensex opened at 72,262, down 872 points or 1.19 per cent, while the Nifty fell 1.31 per cent or around 300 points to open at 22,383.40. Both the indices fell further as trading progressed in early hours. All sectors opened in the red, with banking, realty, chemicals, auto, metal, and healthcare among ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee rose sharply in early trading on Thursday as the Reserve Bank of India's latest measures to curb rupee speculation left traders anticipating a glut of onshore dollar sales spurred by the unwinding of positions. The rupee rose to 93.53 against the U.S. dollar in early trades, up 1.4% from its closing level on Monday. The central bank has stepped up measures to curb arbitrage flows and speculative bets that have been pressuring the currency, while i ...Read More >
MUMBAI, April 2 (Reuters) - The Indian rupee is poised to open sharply higher on Thursday after the Reserve Bank of India rolled out a fresh set of measures to clamp down on speculative activity, with traders expecting chunky dollar sales as positions are unwound. The 1-month non-deliverable forward indicated the rupee will open in the 92.65-92.70 range versus the U.S. dollar, having settled at 94.83 on Monday. India's financial markets were shut on Tuesday and Wednesday for local holidays. O ...Read More >
Mumbai: Bank economists have told the Reserve Bank of India (RBI) at a pre-policy meeting that there is no immediate need to either raise the repo rate or change the stance, provided inflation remains within the central bank's tolerance band, multiple participants in the discussions told ET. They also added that RBI has alternative tools to manage currency pressures and is unlikely to resort to a rate hike, unless the impact becomes visible in inflation, one economist said. Discussions at the ...Read More >
Mumbai: India's equity indices rebounded on Wednesday, tracking the overnight rise on Wall Street, as hopes of a resolution of the West Asia conflict sparked a decline in oil prices. Iranian President Masoud Pezeshkian signalled willingness to end its war with the US and Israel, while US President Donald Trump said hostilities would be over in a few weeks, sending Brent crude tumbling below $100 a barrel briefly and triggering an equity rally. Still, optimism remains fragile with investors wary ...Read More >
Mumbai, April 1: Stock markets closed nearly 2 per cent higher on Wednesday, with the Sensex and Nifty rallying in tandem with global peers amid hopes of de-escalation in the West Asia conflict. Starting the new fiscal year on a high note, the 30-share BSE Sensex jumped 1,186.77 points or 1.65 per cent to settle at 73,134.32. During the day, it surged 2,017.03 points or 2.80 per cent to 73,964.58. Snapping its two-day falling streak, the 50-share NSE Nifty climbed 348 points or 1.56 per cent t ...Read More >
Mumbai: The stock market began the new financial year on a strong note, with the BSE Sensex rising 1,186.77 points, or 1.65 percent, to close at 73,134.32 on Wednesday. During the day, it surged as much as 2,017 points, showing strong buying interest across sectors. Wealth surge for investors The rally added nearly Rs 9.60 lakh crore to investors' wealth in a single session. The total market capitalisation of BSE-listed companies rose to Rs 4,22,01,433.48 crore (about USD 4.46 trillion), refle ...Read More >
New Delhi, Apr 1 (PTI) Market investors added Rs 9.60 lakh crore to their wealth on Wednesday as hopes of war ending in the West Asia propelled a rally in stocks, driving the BSE Sensex 1,187 points higher. A sharp rally in global markets and drop in crude oil prices also lifted market sentiment after two days of decline. Beginning the new fiscal year on a buoyant note, the 30-share BSE Sensex jumped 1,186.77 points, or 1.65 per cent, to settle at 73,134.32. During the day, it surged 2,017.03 ...Read More >
New Delhi, April 1 (SocialNews.XYZ) India's crude inventory is adequate, and all necessary arrangements have been made to ensure sufficient crude supply for the next two months, the government said on Wednesday. Petroleum and Natural Gas Ministry's Joint Secretary, Marketing and Refinery, Sujata Sharma, said all refineries are operating at optimal capacity, and no instances of fuel shortages have been reported at retail outlets. "I would also like to highlight that about two months ago, Brent ...Read More >
New Delhi [India], April 1 (ANI): India's crude oil inventories remain adequate, with the government securing sufficient supplies for the next two months, said Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, on Wednesday during an inter-ministerial briefing amid the ongoing West Asia crisis. Assuring stability in fuel supply, Sharma said, "Our refineries are operating at the highest levels. There have been no reports of any dry-out at retail outlets." Also Read | Hapur S ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The stock markets closed on a strong footing on the first day of the new financial year FY27, with benchmark indices witnessing a broad-based rally across sectors, even as underlying geopolitical tensions continue to keep investors cautious. The Nifty 50 index closed at 22,679.40, gaining 348 points or 1.56 per cent, while the BSE Sensex ended at 73,134.63, up by 1,186 points or 1.84 per cent. Also Read | Hapur Shocker: 7-Year-Old Boy Locked in Deep ...Read More >
New Delhi [India], April 1 (ANI): India's crude oil inventories remain adequate, with the government securing sufficient supplies for the next two months, said Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, on Wednesday during an inter-ministerial briefing amid the ongoing West Asia crisis. Assuring stability in fuel supply, Sharma said, "Our refineries are operating at the highest levels. There have been no reports of any dry-out at retail outlets." Highlighting global ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The stock markets closed on a strong footing on the first day of the new financial year FY27, with benchmark indices witnessing a broad-based rally across sectors, even as underlying geopolitical tensions continue to keep investors cautious. The Nifty 50 index closed at 22,679.40, gaining 348 points or 1.56 per cent, while the BSE Sensex ended at 73,134.63, up by 1,186 points or 1.84 per cent. Market participants remained optimistic during the sessi ...Read More >
Mumbai, Apr 1 (PTI) Benchmark indices Sensex and Nifty closed nearly 2 per cent higher on Wednesday, in tandem with a sharp rally in global markets on hopes of a potential de-escalation in the ongoing West Asia conflict. Starting the new fiscal year on a high note, the 30-share BSE Sensex jumped 1,186.77 points or 1.65 per cent to settle at 73,134.32. During the day, it surged 2,017.03 points or 2.80 per cent to 73,964.58. The 50-share NSE Nifty climbed 348 points or 1.56 per cent to end at 22 ...Read More >
New Delhi, April 1 (SocialNews.XYZ) International crude oil prices on Wednesday pared early gains and fell nearly 3 per cent from the day's high, as optimism over a possible easing of the US-Iran conflict weighed on markets. Brent crude futures slipped to an intraday low of $102.79 per barrel, down about 2.9 per cent from the day's high of $105.86. At the time of writing, Brent was trading around 1 per cent lower at $103.19 per barrel. Similarly, US West Texas Intermediate (WTI) crude dropped ...Read More >
Mumbai, Apr 1 (PTI) The rupee gained 15 paise to 94.70 against US dollar in early trade on Wednesday, tracking positive cues from domestic equity markets and retreating American currency overseas. The local currency, however, remained under pressure due to higher crude oil prices and sustained withdrawal of foreign funds even as banks moved to cut their net open position in the currency following the RBI mandate, forex traders said. Through its circular dated March 27, 2026, RBI capped the Net ...Read More >
Mumbai, Apr 1 (PTI) Equity benchmark indices Sensex and Nifty surged in early trade on Wednesday, tracking a sharp rally in global markets on hopes of a potential de-escalation in the ongoing West Asia conflict. The 30-share BSE Sensex jumped 1,899.53 points to 73,847.08 in early trade. The 50-share NSE Nifty surged 572.55 points to 22,903.95. All the 30-Sensex firms were trading higher, with Trent, Bharat Electronics, Adani Ports, Bajaj Finance, InterGlobe Aviation and Larsen & Toubro emergin ...Read More >
Mumbai, April 1: Domestic stock markets on Wednesday opened sharply higher with a gap-up start, tracking positive global cues from the US and Asian markets amid hopes of de-escalation in the West Asia conflict -- now in the 33rd day of the conflict. The 50-scrip Nifty opened at 22,899, rising 567 points or 2.54 per cent, while Sensex began the session up 1,814 points, or 2.52 per cent, at 73,762.43. Sector-wise, all indices traded in green, led by gains in banking, auto and IT stocks. On the bro ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): India's benchmark indices staged a sharp rebound at the opening bell on Wednesday, tracking a relief rally in global equities amid easing geopolitical tensions. The BSE Sensex opened at 73,630.84, surging 1683.29 points or 2.34% at 9:17 am, compared to its previous close of 71,947.55 on Monday. Similarly, the NSE Nifty 50 began the session at 22,823.05, up 491.65 points or 2.20%, after ending Monday at 22,331.40. Also Read | Stock Market Today: Mass ...Read More >
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