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Home  Business

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Sensex, Nifty rise as global markets rally after US fed rate cut

Sensex, Nifty rise as global markets rally after US fed rate cut

  • Rupee gains for third straight session, rises 9 paise to 83.56 against US dollar

    Falling crude oil prices provided support to the Indian currency, though it was partially weighed down by foreign fund outflows, according to forex traders. At the interbank foreign exchange market, the rupee opened at 83.63 and strengthened to 83.56 against the US dollar, trading 9 paise higher than its previous close.
  • ‘Made in India’ iPhone 16 goes on sale, thousands queue up in front of Apple stores

    At Apple BKC, customers from various cities such as Ahmedabad, Surat, Madhya Pradesh, Nagpur, Indore, Bengaluru, Goa, Nashik and Nanded waited overnight to make purchases
  • Pre-orders for ‘made in India’ iPhone 16 surges, set to break export records

    Ongoing channel checks indicate that the iPhone 16 Pro models are attracting significant buyer interest due to their strategic and accessible pricing compared to the iPhone 15 series. The new iPhones will be available at Apple retail and online stores in India—Apple BKC in Mumbai and Apple Saket in New Delhi—starting September 20, along with authorized sellers.
  • Tupperware files for bankruptcy: What caused the iconic brand to go bust?

    Florida-based suffering from waning sales, rising competition, limitations of direct-to-consumer marketing model that once defined its success
  • Sensex, Nifty hit record highs after US fed rate cut

    The 30-share BSE Sensex soared 735.95 points, reaching a new all-time high of 83,684.18 in early trade. Similarly, the NSE Nifty climbed 209.55 points, hitting a fresh record of 25,587.10.
  • Rupee rises 6 paise to 83.70 after US fed rate cut

    Forex traders noted that the rupee gained support from lower crude oil prices, positive domestic equity markets, and an inflow of foreign funds. However, they added that the strengthening U.S. dollar limited further gains for the local currency.
  • Hyderabad’s real estate market: Buying is a better option or renting?

    According to Anarock Research, rental values in Hyderabad's key micro-markets have increased substantially between the end of 2021 and H1 2024.
  • Telangana stall attracts investors at global renewable energy meet

    According to TGREDCO Vice-Chairman & Managing Director Vavilla Anila, European Union's Energy Climate Action and Environment Counselor Bartosz Przywara, along with his delegation, visited the Telangana stall and assured cooperation for renewable energy projects in the State.
  • Equity indices fall after record rally, IT stocks drag ahead of US fed interest rate decision

    The 30-share BSE Sensex dropped 130.24 points to 82,949.42, while the NSE Nifty fell 37.75 points to 25,380.80. Tech Mahindra, Infosys, TCS, HCL Technologies, Asian Paints, and Sun Pharma were the top losers among the 30 Sensex firms.
  • Samir Kumar appointed as Amazon India operations head

    This comes after abrupt exit of Manish Tiwary reportedly after several differences with Amit Agarwal, Amazon's senior vice president for Emerging Markets
  • Revolt Motors launches India’s first electric motorcycle in commuter segment

    With the fast-charging technology, the RV1+ can get fully charged in just 1.5 hours
  • Triumph Motorcycles adds new member to modern classic line-up, launches ‘Speed T4’

    The Speed T4 is the latest member of the Triumph 400 cc modern classic family.
  • HYDRAA demolitions hit real estate sector in Hyderabad; Property buyers apprehensive

    A few managements are even being forced to issue public statements stating that their properties were not in such encroached or illegal areas
  • Hyderabad: Adishwar Auto Ride offers special benefits on purchase of Benelli, Zontes Superbikes

    For adventure seekers, this festive season offers an unbeatable chance to own Benelli’s iconic TRK model range, with 2 years complimentary service worth Rs.30,000. The prices start at Rs. 5.85 lakh.
  • Bajaj Housing Finance shares debut at Rs 150, 114% premium over issue price

    Bajaj Group's housing finance arm became the most sought-after IPO of the year, with its public issue subscribed 63.61 times on the final day. The institutional investors' reserved quota saw the highest demand, subscribed over 200 times. Although the IPO size was Rs 6,560 crore, it received subscriptions worth Rs 3.23 lakh crore.
  • Nifty hits all-time high as equity indices rebound amid foreign inflows, US market rally

    The 30-share BSE Sensex rose by 180.92 points to 83,071.86 in early trade. The NSE Nifty increased by 55.1 points to 25,411.60, and later surged by 89.2 points to reach a new record high of 25,445.70.
  • Rupee rises 5 paise to 83.87 against US dollar on weakening USD

    Forex traders noted that market participants are awaiting the US Fed's policy announcement on Wednesday, where a rate cut is expected, though its size remains uncertain. They also mentioned that the rupee remains stable within a defined range due to active intervention by the Reserve Bank of India (RBI).
  • EESL wins Impact Player of the Year at CII Awards

    The Confederation of Indian Industry (CII) Awards saw participation from over 500 organizations, with 207 selected for detailed scrutiny by an esteemed jury panel.
  • Hyundai ALCAZAR launched with prices starting at Rs. 14.99 lakh

    The launch event was conducted by C. Vardha Raju, Regional Manager of HDFC Car Loans, Madhan Mohan Reddy, a current customer, and Rubertanto TSM HMIL. Kun United staff in attendance included A. Karthik, DGM of Sales; G. Raghavender Reddy, Branch Head; and R. Muthu Kumar, Marketing Head.
  • Equity indices fall in early trade after record rally, profit-taking emerges

    The 30-share BSE Sensex fell by 200.03 points to 82,762.68, despite starting the day on a positive note. The NSE Nifty dropped 67.5 points to 25,321.40. Among the 30 Sensex companies, the biggest decliners were Asian Paints, Mahindra & Mahindra, ITC, Hindustan Unilever, Bharti Airtel, Sun Pharma, Infosys, and Bajaj Finance.
  • Rupee rises 5 paise to 83.91 against US dollar in early trade

    Forex traders noted that the rupee remains in a tight range, with the Reserve Bank of India (RBI) keeping a strong hold on the domestic currency. At the interbank foreign exchange market, the rupee opened at 83.92 and edged up to 83.91, marking a 5 paise increase from its previous close.
  • Adani’s $310 million in Swiss bank accounts frozen, claims Hindenburg

    Adani Group rejects allegations as baseless, says it has no involvement in any Swiss court proceedings
  • Rupee sees range-bound trade in morning session

    Forex traders noted that the rupee remains stable within a narrow range due to active intervention by the Reserve Bank of India (RBI). In the interbank foreign exchange market, the rupee opened at 83.97 against the US dollar, up by 2 paise from its previous close.
  • Markets rebound in early trade on rally in global peers, foreign fund inflows

    Sensex jumps 428.83 points to 81,951.99, Nifty climbs 154.1 points to 25,072.55
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