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Nifty and Sensex open flat as market faces pressure from strong dollar

Nifty and Sensex open flat as market faces pressure from strong dollar

Indian stock markets opened marginally higher on Tuesday, but the chances of a year-end rally seem low as pressure from a strengthening US dollar and rising bond yields persist.

24 December,2024 10:11 AM IST | Mumbai
Lower Q2 GDP growth a temporary blip: Nirmala Sitharaman

Lower Q2 GDP growth a temporary blip: Nirmala Sitharaman

India continues to be the fastest-growing major economy in the world, Sitharaman added.

18 December,2024 08:15 AM IST | New Delhi | Agencies
Rupee hits new all-time low of 84.92 against the US dollar

Rupee hits new all-time low of 84.92 against the US dollar

The Indian rupee touched a new all-time low of 84.92 against the US dollar in early trade on December 17, impacted by rising foreign fund outflows, a growing trade deficit, and an increase in gold imports. Analysts suggest the rupee will remain under pressure.

17 December,2024 10:42 AM IST | Mumbai
 Indian economy ends 2024 with strong growth as PMI hits 60.7 in December

Indian economy ends 2024 with strong growth as PMI hits 60.7 in December

India’s economy recorded its strongest growth in four months, with the Composite PMI for December rising to 60.7, driven by robust performance in manufacturing and services sectors,

16 December,2024 12:41 PM IST | New Delhi
6% revenue growth for Indian companies in FY24, wage growth slows: SBI Report

6% revenue growth for Indian companies in FY24, wage growth slows: SBI Report

A report by SBI reveals that Indian companies saw a 6% revenue growth in FY24, with a significant rise in profits. However, employee wage growth slowed, reflecting companies' efforts to optimise costs.

16 December,2024 08:50 AM IST | New Delhi
India's CPI inflation to ease to 4.7-4.8 pc in FY25, driven by lower food prices

India's CPI inflation to ease to 4.7-4.8 pc in FY25, driven by lower food prices

The arrival of fresh harvests of tomatoes, onions, and potatoes has been reflected in higher mandi arrivals, easing supply pressures

14 December,2024 01:50 PM IST | New Delhi | mid-day online correspondent
'India has become fastest growing economy; Maharashtra to be its backbone'

'India has become fastest growing economy; Maharashtra to be its backbone'

Devendra Fadnavis said "PM Modi's Hindu growth rate model" will show a new direction to the world while it becomes the fastest-growing economy

13 December,2024 01:06 PM IST | Mumbai | mid-day online correspondent
Rupee recovers from all-time low, appreciates to 84.83 against US dollar

Rupee recovers from all-time low, appreciates to 84.83 against US dollar

The Indian rupee appreciated by 5 paise to 84.83 against the US dollar in early Friday trade, following positive domestic inflation data. However, the recovery remains limited due to a stronger US dollar and volatile domestic equity markets.

13 December,2024 09:45 AM IST | Mumbai
 Inflation decline sharper in high-income states, according to SBI report

Inflation decline sharper in high-income states, according to SBI report

The State Bank of India's report highlights that middle and high-income states have experienced a steeper decline in food inflation compared to low-income states, attributed to labour migration and faster disinflation in wealthier regions.

13 December,2024 09:25 AM IST | New Delhi
India’s edible oil imports jump 39% in November due to sunflower, soyabean surge

India’s edible oil imports jump 39% in November due to sunflower, soyabean surge

India’s edible oil imports surged by 39% in November 2024, driven by a sharp rise in the import of crude sunflower and soyabean oils, according to industry data released by the Solvent Extractors' Association of India (SEA).

12 December,2024 01:48 PM IST | New Delhi

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