DDIndia Business: Economic Headlines & Updates

Business

June 18, 2024 10:50 AM

Stock markets open new week on bull run, Nifty touches new high

Domestic markets continued their bullish trend on Tuesday, with both the Nifty 50 and BSE Sensex making gains in the opening session. The Nifty 50 rose by 60 points to reach 23,529, while the BSE Sensex increased by 101 points, reaching 77,195 shortl...

June 17, 2024 11:11 AM

Asia shares muted on China data, euro on defensive

Asian share markets were in the red on Monday as mixed Chinese economic news underlined the country's bumpy recovery, while political uncertainty in Europe soured risk appetites and kept the euro on the defensive. Chinese blue chips were off 0.2% af...

June 16, 2024 11:27 AM

Foreign investors return to Indian markets with investment of Rs 2743 crore

Foreign portfolio investors (FPIs) re-entered the Indian equity markets with a notable net investment of Rs 2,743 crore on Friday, signaling a positive turn. However, despite this recent inflow, overall FPI investments remain in the negative territor...

June 15, 2024 10:47 AM

India’s foreign exchange reserves touch fresh highs at USD 655.8 billion

India's foreign exchange reserves jumped USD 4.307 billion to touch a new lifetime high of USD 655.817 billion during the week that ended June 7, official data from the Reserve Bank of India (RBI) showed. The reserves have been rising on and off...

June 14, 2024 4:16 PM

Stock market closes in green amid broad-based gains

The stock market closed on a positive note on Friday, with the BSE Sensex and NSE Nifty both registering gains. The Sensex climbed 138.59 points to end the day at 76,949.49, while the Nifty rose by 55.00 points, closing at 23,453.90. The tr...

June 14, 2024 12:49 PM

India’s wholesale inflation rises from 1.26% to 2.61% in May, pushed by food, energy prices

Wholesale inflation in India, based on the Wholesale Price Index rose to 2.61 per cent in May versus 1.26 reported in April, official data from the Commerce Ministry showed on Friday. Thus, it remained in positive territory for the seventh month...

June 14, 2024 11:43 AM

Indian envoy, Japanese speaker discuss strengthening cooperation in education, B2B ties

Indian Ambassador to Japan Sibi George met with the Speaker of the Japanese House of Representatives, Fukushiro Nukaga, on Thursday to explore ways to deepen the India-Japan Special Strategic and Global Partnership. The two leaders discussed strengt...

June 14, 2024 11:10 AM

Stock indices remain firm in opening trade, hover around record highs

Indian stock indices opened higher Friday and hovered around lifetime highs, continuing their uptrend from the previous sessions, primarily due to a moderation in inflation in May - both in India and the United States. At the time of filing this rep...

June 14, 2024 9:33 AM

Asian stocks slide, yen wobbles ahead of BOJ verdict

Asian stocks fell on Friday as investors pondered the outlook for U.S. rates after the Federal Reserve tempered its rate-cut views even as inflation came in softer than expected, while the yen was shaky before the Bank of Japan's policy meeting. ...

June 13, 2024 9:36 PM

Nifty, Sensex touch new peaks in closing session

Domestic stock markets surged to record highs on Thursday, driven by favorable inflation data. The BSE Sensex and NSE Nifty soared to new peaks, reaching 77,145 and 23,481, respectively. Notably, the Nifty 50 closed 0.33 percent higher at 23,398.95, ...