Business

RBI, in its monthly bulletin released Tuesday, asserted that their findings suggest that the interest in cryptocurrencies is driven by speculative motive rather than a means of payment for real economic transactions.

Sanjiv Puri, Chairman and Managing Director of ITC Limited has assumed office as the President of CII for 2024-25.

Instant noodle exports, or "ramyeon," hit $108.6 million in April, a 46.8 percent increase from the previous year, marking the fastest growth since May 2022, according to the Korea Customs Service (KCS).

Say move may hit realty hard which is already witnessing slump

At 9:50 a.m., the Sensex rose 120 points (0.15%) to 74,037, while the Nifty increased 36 points (0.16%) to 22,503.

According to a report released by Knight Frank India, the first four months of 2024 registered a 92 per cent year-on-year growth in this range compared to same period last year.

The 2nd edition of the CII IGBC Green Property Show is India's largest exhibition showcasing IGBC Certified green residential projects, products, and technologies, and is open to all till May 19 from 10 am to 8 pm.

Indian Rupee Underperforms in Asia Due to Higher Commodity Prices and Foreign Fund Outflows Amid Election Result Worries

BSE Sensex Drops 185.42 Points to 73,478.30; NSE Nifty Falls 50.35 Points to 22,353.50

WS Audiology (WSA), a global leader in the hearing aid industry inaugurated by Sri Jayesh Ranjan, IAS - Special Chief Secretary

Financial Services, IT, Media, Realty, and Consumer Durables sectors emerged as top gainers.In the broader market, the BSE MidCap rose by 1.04 percent, and the BSE SmallCap climbed 0.87 percent.

Forex traders noted that the rupee is facing pressure due to ongoing elections and foreign fund outflows, expecting relief post-results.

Top gainers among Sensex components included Bharti Airtel, Infosys, Tech Mahindra, HCL Technologies, Mahindra & Mahindra, Reliance Industries, and Tata Consultancy Services.

In early trade, the 30-share BSE Sensex surged 138.53 points to reach 73,243.14, while the NSE Nifty rose by 60.7 points to 22,278.55.

According to forex traders, the USD/INR pair is anticipated to stay range-bound with a slight bias towards weakness, as foreign investors purchase US dollars and the Reserve Bank of India (RBI) sells the currency.

Food inflation could ease if the monsoon turns favourable this year, as IMD weather forecasts suggests. Weather risks and the uptick in crude oil prices will be key to growth.

Kia said it accentuated the dynamism of the new EV6 under the company's design philosophy named "Modern Contrast."

Zoho's CEO Sridhar Vembu echoed Aggarwal's sentiment, stating, "India must firmly oppose this woke imperialism."

The seamless digital journey via the UPI mode has also resulted in people overspending on stuff they actually may not need at times.

The affordable price points, coupled with an 8-year/80,000 km extended battery warranty at no extra cost, make the S1 X scooters one of the most attractive EV propositions available in the market currently.

On Friday, the price of 24-carat gold soared to over a 10-day high, settling at Rs 73,090 per 10 grams.

Compared to the largecap, midcap, and smallcap indices are underperforming. Nifty Midcap 100 is down 2.10 points at 49,107, and Nifty Smallcap 100 is down 3.90 points at 15,991.

Among sectors, almost all the major sectoral indices witnessed profit booking at higher levels but energy and metal indices lost the most, shedding nearly 3 per cent.

“We will be operating 292 flights today. We have mobilised all resources and Air India will support us by operating on 20 of our routes,” said the airline in a statement.