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Home  Business

Business

Sensex, Nifty turn flat amid weak trend in Asian markets

Sensex, Nifty turn flat amid weak trend in Asian markets

  • Amazon acquires MX Player app; merges it with miniTV to launch Amazon MX Player

    The merger aims to make premium-free entertainment accessible to a larger audience.
  • Equity indices rebound in early trade amid global market rally, strong buying in ITC, ICICI Bank

    In early trading, the BSE Sensex rose by 292.29 points, or 0.36%, reaching 81,980.74. Meanwhile, the NSE Nifty increased by 54.55 points, or 0.22%, to hit 25,069.15.
  • Rupee gains 2 Paise to 83.97 against US Dollar amid weaker greenback, falling crude prices

    The rise in the country's foreign exchange reserves to a record high of USD 704.88 billion on Friday has further strengthened the domestic currency, according to forex traders.
  • Ola Electric’s share tanks to Rs 90 as angry customers flood social media over poor after-sale service

    Since touching all-time high, company's share is trading 42-43% lower amid innumerable hardware and software issues with its e-scooters and poor conditions at its service centres
  • India poised to become next semiconductor hub with major investments: Ashwini Vaishnaw

    Minister Vaishnaw highlighted a recent roundtable in New York where Prime Minister Narendra Modi met with leading tech CEOs. He noted that three top executives expressed they had not witnessed such enthusiasm for any country in the past 35 to 40 years.
  • IndiGo faces temporary system slowdown impacting website, bookings across network

    IndiGo Airlines announced a temporary system slowdown affecting its website and booking system across the network. This may lead to slower check-ins and longer queues at airports. The airline assured customers that efforts are underway to restore normal operations as soon as possible, according to a travel advisory posted on X.
  • Gold prices surge amid rising tensions in Middle East due to Iran-Israel conflict

    Gold prices saw a slight increase on Saturday, with the cost of 24-carat gold reaching Rs 7,785.3 per gram in morning trading, reflecting a rise of Rs 120. Meanwhile, 22-carat gold was priced at Rs 7,138.3 per gram, up by Rs 110 compared to Friday.
  • Markets decline in early trade amid ongoing foreign fund outflows, Middle East conflict

    For the fifth consecutive day, the BSE Sensex fell by 354.67 points, closing at 82,142.43. The NSE Nifty also declined, dropping 114.1 points to 25,136. Among the 30 Sensex companies, the major laggards included Bajaj Finance, Asian Paints, NTPC, UltraTech Cement, State Bank of India, and Bajaj Finserv.
  • Rupee holds steady at 83.96 against US Dollar amid dalling crude prices

    Forex traders noted that subdued sentiment in the domestic equity markets, along with significant foreign fund outflows over the past three days, hindered any recovery in the rupee. In the interbank foreign exchange market, the local currency opened at 83.96 against the US dollar but was unable to recover from the sharp decline experienced in the previous session.
  • Apple to launch more exclusive retail stores in India amid surge in sales

    New Apple retail stores are set to open in Bengaluru, Pune, Delhi-NCR, and Mumbai, although no timeline has been established yet. Deirdre O’Brien, Apple’s senior vice president of Retail, expressed excitement about expanding their presence in India, stating, "We are inspired by the creativity and passion of our customers across this country as we build our teams for more store openings."
  • Sensex, Nifty fall in early trade amid escalating Middle East conflict

    The BSE Sensex plummeted 1,264.2 points to 83,002.09 in early trading, while the NSE Nifty fell 345.3 points to 25,451.60. Among the 30 Sensex companies, major laggards included Tata Motors, Asian Paints, Larsen & Toubro, Axis Bank, Mahindra & Mahindra, Reliance Industries, Maruti, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank.
  • Rupee drops 11 paise to 83.93 against dollar amid rising crude prices, Middle East tensions

    The continued outflow of foreign funds from capital markets and a stronger U.S. dollar put pressure on the Indian currency, according to forex traders. At the interbank exchange, the rupee opened at 83.91 and slipped further to 83.93 against the dollar, trading 11 paise lower than the previous session's close.
  • Government hikes commercial LPG cylinder prices; check revised rates

    ATF price cut by Rs 5,883 per kilolitre, or 6.29 per cent, to Rs 87,597.22 per kl in the national capital, according to state-owned fuel retailers
  • Benchmark indices fall in early trade amid foreign fund outflows, weak Asian markets

    The BSE Sensex dropped 464.22 points to 85,107.63 in early trading, while the NSE Nifty fell 133.85 points to 26,045.10. Among the 30 Sensex firms, major laggards included Tech Mahindra, Mahindra & Mahindra, ICICI Bank, Reliance Industries, Axis Bank, and UltraTech Cement.
  • Rupee falls 6 paise to 83.75 against US dollar amid negative market sentiment

    Forex traders noted that rising crude oil prices and a strong U.S. dollar against major global currencies, driven by increased demand from importers at the month's end, exerted pressure on the local currency. Additionally, they mentioned that investor participation was subdued as they awaited cues from the upcoming domestic manufacturing PMI (Purchasing Managers' Index) figures to be released this week.
  • BharatPe settles Rs 88-crore fund misappropriation case with Ashneer Grover

    Grover will not be associated with BharatPe in any capacity nor be a part of the shareholding of the company, says fintech firm
  • Apple reportedly pulls out of OpenAI’s $6.5 billion funding round

    A Wall Street Journal report on Saturday stated that Apple has "fallen out of talks to join the funding round." The tech giant's potential involvement was unexpected, as it rarely invests in external companies. This news follows Apple's announcement of integrating ChatGPT into Siri.
  • UPI continues to be the preferred choice of payment method in India

    The immense popularity of UPI is seen from transaction volume ratio which stands at 38.4 times of credit card transaction volumes, according to the report by Axis Securities
  • ‘Made in India’ iPhone 16 sells like hot cakes in tier 2, 3 cities

    Analysts say more Indians are buying new iPhones rather than going for older generation devices, as purchasing power increased in country
  • Sensex, Nifty hit new record highs as IT stocks surge amid global market rally

    New foreign fund inflows further boosted market optimism. In early trading, the BSE Sensex rose by 129.91 points to reach a record high of 85,966.03, while the NSE Nifty increased by 61.3 points, hitting an all-time peak of 26,277.35.
  • Rupee gains 2 paise to 83.64 vs USD on Friday

    The Indian currency was pressured by a weak domestic equity market and a stronger US dollar against major global currencies, driven by increased month-end dollar demand from importers, according to forex traders.
  • Sensex hits fresh all-time high in early trade on buying in IT stocks

    From 30 Sensex firms, Infosys, Tech Mahindra, HCL Technologies, Sun Pharma, Tata Consultancy Services and Tata Steel were biggest gainers
  • Stable crude prices could lead to Rs 2-3 per litre cut in petrol, diesel: ICRA

    ICRA: Stable Crude Prices Could Lead to Rs 2-3 per Litre Cut in Petrol, Diesel
  • Three top executives, including CTO Mira Murati, depart OpenAI under Sam Altman

    According to Altman, their decision to leave was made independently and amicably. Of the 13 co-founders of OpenAI in 2015, only three remain with the company. He noted on the X social media platform that the timing of Mira's departure aligned with a collective transition, allowing for a smooth handover to the next generation of leadership.
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