The weekly options data indicated that the Nifty may trade in the range of the 22,000-23,000 zone in the short term The Nifty 50 gained strength in late morning deals after volatility and closed nearly 1 percent higher, extending its northward journey for the second consecutive session on March 6. With Thursday’s rally, the index…
The monthly options data indicated that the Nifty 50 is likely to face resistance at 22,700 and see support at 22,500 in the upcoming monthly F&O expiry session scheduled on February 27. The Nifty 50 closed flat with a negative bias after rangebound trading on February 25. The index continued its downward move for the…
Shares of Indian metal companies, particularly steel stocks, took a sharp hit in trades on Monday after the US President Donald Trump threatened a 25 per cent tariff on steel and aluminium imports, as early as Monday. Speaking to reporters on Sunday, Trump said that the levied tariffs would cover “everybody”, without specifying when the…
The 30-share BSE Sensex pack surged more than 1,400 points to hit above 78,600 level, while the broader NSE Nifty index moved around 400 points to trade above 23,750. Domestic stocks rose sharply in afternoon deals on Tuesday. The surge was supported by gains in banks, financials, energy, metal and technology stocks. The 30-share…
The S&P BSE Sensex surged 631.55 points to end at 76,532.96, while the NSE Nifty50 gained 205.85 points to close at 23,163.10. Benchmark stock market indices added almost 1%, extending their run for the second consecutive day, fuelled by a rise in information technology (IT) sector stocks. The S&P BSE Sensex surged 631.55 points to end at 76,532.96,…
Budget 2025-26 is expected to lay the blueprint for the Narendra Modi government’s third term. But how will Finance Minister Nirmala Sitharaman deliver growth in the face of a slowing economy, global uncertainty, high inflation and tepid private investments? The Union Budget is always a significant annual event that sets the policy tone and agenda…
Budget Expectations: In the last Budget, released in July, the central government allocated Rs 6.22 lakh crore to the defence sector, a tad higher than the allocation in the interim Budget earlier last year. This time around, will there be an increase in the defence allocation? Budget 2025 Expectations: As India awaits the government’s Union Budget…
India’s third-largest IT services firm, HCLTech, has raised the lower end of its FY25 revenue growth guidance to the range of 4.5 per cent to 5 per cent. Earlier, the firm had provided a revenue guidance of 3.5–5 per cent. The Noida-headquartered IT services major, HCLTech, reported a net profit for the third quarter (October–December) of…
The Indian rupee slid to an all-time low on Friday, closing at 85.9650 against the US dollar, down 0.2% for the week. The rupee has hit new closing lows for the third consecutive day this week and this marked its tenth consecutive weekly decline, surpassing the previous record low of 85.9325 reached on Thursday. The…
India’s Finance Minister Nirmala Sitharaman will present the Union Budget on February 1, 2025, a day keenly awaited by taxpayers across the country. Many tune in specifically for the segment on income tax, eager to see if any changes are announced to provide relief for the common man. This year, speculation revolves around…