DDIndia Business: Economic Headlines & Updates

Business

November 5, 2024 5:33 PM

Sensex, Nifty rebound; investors eye US elections

The Indian stock market gained on Tuesday after witnessing significant volatility during the trading session. The Sensex rose by 694.39 points, or 0.88% to end at 79,476.63 points, while Nifty 50 index gained 217.95 points, or 0.91% to close at 24,21...

November 5, 2024 3:49 PM

Trump’s return may prompt larger Chinese stimulus amid escalating trade war threat: Report

As the U.S. presidential election gets underway, the potential re-election of Donald Trump could have a significant impact on China’s economic policies, particularly in the realm of trade. A recent report by Barclays suggests that a Trump return t...

November 5, 2024 2:18 PM

Union Minister Puri predicts stable oil prices in India, calls for producer-consumer dialogue

Oil prices in India are expected to remain stable amid the rising geopolitical tensions as the country has several options to buy crude oil, said Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Tuesday. Addressing concerns over ...

November 5, 2024 10:51 AM

Sensex, Nifty open lower amid U.S. election uncertainty

India’s benchmark indices opened in the red on Tuesday as the too-close-to-call U.S. presidential election kept investors on edge. Foreign investor outflows further weighed on the markets. The BSE Sensex dropped 240 points, or 0.13%, to 78,542.16,...

November 4, 2024 5:14 PM

Reliance Jio IPO expected to launch in Indian stock market by 2025: report

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, is reportedly aiming to list the group's telecom business, Jio, in the Indian stock market next year. According to a report by Reuters, which cites two informed sources, Jio is cur...

November 4, 2024 5:01 PM

Sensex drops nearly 1,000 points amid volatility as U.S. election weighs on investor sentiment

India’s benchmark indices tumbled on Monday, with the Sensex shedding 941.88 points, or 1.18% to close at 78,782.24, while the Nifty dropped 309.13 points, or 1.27%, to 23,995.35. The session was marked by high volatility, as the Sensex briefly pl...

November 4, 2024 4:26 PM

Jaishankar inaugurates new Indian consulate in Brisbane, highlights strengthening India-Australia ties

India’s External Affairs Minister, S. Jaishankar, highlighted the deepening bilateral ties between India and Australia during the inauguration of a new Indian consulate in Brisbane on Monday. He described the opening as a "landmark moment" in the e...

November 4, 2024 1:33 PM

Sensex crashes 1350 points, Nifty tanks by 1.83 %; US election adds fuel to FII selling

Indian stock markets faced yet another challenging session on Monday, as the BSE Sensex plunged by 1,350 points, or 1.69%, and the Nifty index dropped 445 points, or 1.83%, breaking below the 24,000 mark. As of midday, the Sensex hovered below 79,000...

November 4, 2024 12:38 PM

India’s manufacturing surge continues in October, PMI hits 57.5 amid strong demand

India's manufacturing sector showed promising signs of growth in October, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) climbing from September's 56.5 to 57.5. This upward trend represents the strongest performance recorded since...

November 3, 2024 6:29 PM

Foreign investors sold over Rs 94,000 crore worth Indian stocks in October

Foreign portfolio investors (FPIs) sold stocks worth Rs 94,017 crore in India through October, suppressing the stock market's overall performance. In the process, they became net sellers in India, after having remained buyers for four months. Import...