Business

Forex traders attribute uptick in equity markets to value-buying surge, buoying local currency post-election results shortfall.

The domestic currency finally closed at 83.59 (provisional) against the dollar, registering a fall of 45 paise from its previous close.

Stock of Adani Ports plummeted 20 per cent, Adani Energy Solutions plunged 19.80 per cent

Forex traders noted that early deals were affected by a sluggish trend in domestic equity markets, dampening sentiments.

Investors lost nearly Rs 26 lakh crore as equity benchmarks plummeted following early election trends on Saturday.

Sensex Opens 2.02% Down at 74,924.64; Nifty Starts 2.11% Lower at 22,772.80

BSE Sensex Soars 2,777.58 Points, Nifty Rallies 808 Points to Hit Record Highs

Forex traders noted that a weak American currency and foreign capital inflows into domestic equities also bolstered the local unit.

"Please avoid ordering during peak afternoon unless absolutely necessary," Zomato wrote on X.

"We believe the Indian economy should comfortably register 6-7 per cent annual real GDP growth and we forecast around 6.8 per cent growth," Moody's said in its update to Global Macro Outlook 2024-25.

The show cause notice comes after the San Francisco-bound flight faced a harrowing time due to an inordinate delay.

‘The Complete Home Loan’ is offered through a Digitized Process along with a Dedicated Relationship Manager and comes with the option of a Home Décor Finance, a company statement on Friday said.

BSE Sensex Drops 315.53 Points, NSE Nifty Falls 102.60 Points

Forex traders noted that the strength of the US dollar added pressure on the local unit, although declining crude oil prices limited the rupee's decline.

The company reported promising financial results, cheering investors with a PBT of 26.83 lacs for Quarter 4 alone (FY 2024 PBT Rs 9.46 lacs) compared to a full-year loss of Rs 552.15 lacs in FY 2022-23.

This strategic collaboration marks a significant milestone for MPG, enhancing its brand presence and providing a new way to connect with a diverse audience across India.

On-site roles are down 15%, while hybrid positions for entry-level roles have surged by 52% year-over-year.

Wipro announced partnership with the Centre for Brain Research (CBR) at the Indian Institute of Science (IISc) Bengaluru to develop a personal care engine.

The mall, Aparna Neo Mall and Aparna Cinemas, is set to open on May 31.

Forex traders noted that the weakness of the US dollar in overseas markets supported the rupee, but high international crude oil prices limited its gains.

The 30-share BSE Sensex surged 269.28 points to reach a record high of 75,679.67 in early trading. Meanwhile, the NSE Nifty rose 86.1 points, achieving a new all-time high of 23,043.20.

India will be the first country to locally manufacture Range Rover and Range Rover Sport, which will join Range Rover Velar, Range Rover Evoque, Jaguar F-PACE and Discovery Sport which are already locally manufactured at JLR’s facility in Pune.

The move, coming at a time when the Indian digital economy is growing at a much faster pace, is subject to receipt of regulatory and other customary approvals by both parties, the homegrown e-commerce firm said in a statement.

In early trade, BSE Sensex rises 41.65 points to 74,262.71; NSE Nifty up 20.1 points to 22,617.90.