During the day, the Sensex touched a high of 76,559.07, up 1,144 points, or 1.5 per cent. Likewise, the Nifty 50 hit an intraday high of 24,054.45, up 335 points, or 1.41 per cent. Stock Market rally:Extending the gains for the second consecutive session, Indian equity benchmark indices Sensex and Nifty 50 traded sharply…
The global economy continued to be shadowed by uncertainties in West Asia, said an article on the state of the economy published in the May Bulletin The financial conditions, crude oil prices, and capital flows continue to pose challenges to the external sector outlook amid the West Asia conflict, Reserve Bank Bulletin said on…
Sebi proposes wider auction bands and stricter norms for IPOs and re-listed stocks to improve price discovery and curb distorted trading Market regulator Securities and Exchange Board of India (Sebi) has proposed changes to the price-discovery mechanism for initial public offerings (IPOs) and re-listed stocks during the pre-open call auction session. Under the proposed…
The probability of US-Iran negotiations entering a more substantive phase is rising-every additional week of disruption deepens financial market stress that the White House cannot indefinitely absorb Energy disruption sending distress signal The second-order effects of the US–Iran conflict are no longer confined to crude markets. They are now repricing sovereign debt, reshaping…
The latest revision follows a steep ₹3 per litre hike last Friday, as oil companies pass on higher costs triggered by global supply shocks and the West Asia crisis. The resulting inflationary pressure is likely to weigh on economic growth estimates, experts warned. India’s oil marketing companies (OMCs) increased fuel prices for the second time…
Vodafone Idea expects to close talks with an SBI-led consortium soon after promoter equity infusion and AGR relief improved its financial position Vodafone Idea’s top management is confident of closing the ongoing talks with a consortium of banks led by the State Bank of India (SBI) following the decision by promoters to infuse equity…
Reliance Jio is reworking its much-awaited IPO into a fully fresh issue of shares, dropping the earlier plan where global investors would have partially sold their stakes. Reliance Jio IPO: The much-awaited initial public offering of Reliance Jio, the telecom and digital arm of Reliance Industries Limited, is likely to comprise entirely fresh equity issuance.…
Industry players said the government may have adopted a precautionary approach due to climatic uncertainties, with some hinting at wrong production estimates The government on Wednesday banned sugar exports with immediate effect till September 30, 2026, as stock concerns began to outweigh earlier expectations of a comfortable sugar season. In a notification dated…
Bharti Airtel reported steady Q4 revenue growth on subscriber gains and higher data usage, but profit declined on a high base Bharti Airtel Ltd on Wednesday reported a steady revenue growth in the January-March quarter (Q4FY26) driven by subscriber additions, higher data consumption and continued expansion in the home broadband segment. The company’s net profit,…
Inflation in the United States surged to 3.8 per cent in April, marking the highest level in roughly three years, as the Iran war causes a ripple effect across the US economy, data released on Tuesday showed. Inflation in the United States surged to 3.8 per cent in April, marking the highest level in roughly…