Top gainers: Top gainers on Sensex were Kotak Bank, Bajaj Finance, Axis Bank, IndusInd Bank, PowerGrid, Maruti and Bajaj Finserv shares, rising up to 3.19%. Benchmark indices Sensex and Nifty closed higher for fourth straight session as rate sensitive shares extended gains triggered by 50 bps repo rate cut last week. Nifty closed at…
The approval positions Starlink alongside OneWeb and Reliance Jio as India’s authorised satellite internet providers, with commercial rollout expected after spectrum allocation. Elon Musk’s satellite internet venture, Starlink, has received a key regulatory clearance from the Department of Telecommunications (DoT), Government of India, bringing it closer to launching its services in the country. With…
Lower repo rate means cheaper loans for homebuyers, auto buyers and businesses RBI’s bigger-than-expected rate cut is its last move for the year, economists say: Reuters poll Reserve Bank of India on June 6 announced reduction in its key repo rate by a larger-than-expected 50 basis points and this means good news for many sectors, including stock…
Benchmark equity indices rallied for the second consecutive day on Thursday as investors anticipated a rate cut by the Reserve Bank of India (RBI). After gaining over 900 points in the session, the 30-share BSE Sensex succumbed to profit booking to close 443.79 points or 0.55 per cent lower to settle at 81,442.04. As many…
Analysts said bullish sentiment remained intact so long as the Nifty stays above the key support level of 24,500. Market participants are now keenly awaiting the Reserve Bank of India’s monetary policy decision due Friday. The domestic equity benchmarks rebounded on Wednesday after three straight sessions of losses, supported by firm global cues and strong…
Adani Group shares came under pressure on reports of a US probe into alleged Iranian LPG imports in violation of sanctions Shares of Adani Group faced renewed pressure on reports that US prosecutors are probing Billionaire Gautam Adani’s conglomerate for violating sanctions by importing liquefied petroleum gas from Iran. The flagship firm Adani Enterprises fell as…
BSE was among the most active counters (in terms of value) today as around 1.10 crore shares worth Rs 2,964.46 crore changed hands on National Stock Exchange (NSE). Shares of BSE Ltd continued their upward move for the third straight session on Monday, rising 2.28 per cent to hit an all-time high of Rs 2,735.20. The…
The report noted that commercial banks’ credit growth slowed to 9.8 per cent as of May 16, 2025, against last year’s growth of 19.5 per cent. RBI’s rate-setting panel Monetary Policy Committee (MPC) will start deliberations on the next bi-monthly monetary policy on June 4 and announce the decision on June 6 The Reserve Bank…
Analysts said the Nifty continues to trade within a narrow band and a decisive move beyond the 24,700–24,800 zone is likely to set the tone for the next directional move. Sensex, Nifty closed lower in a range-bound trade on Friday. The equity benchmarks ended lower on Friday in a range-bound trade, weighed down by losses…
Among important changes, SEBI has enhanced the Index Options position limit to Rs 10,000 crore from the earlier proposed limit of Rs 1,500 crore while net end-of-the-day limit has been enhanced to Rs 1,500 crore from the earlier proposed Rs 500 crore. Also, intra-day limits have been removed. The new Net end of day limit…