DDIndia Business: Economic Headlines & Updates

Business

June 19, 2024 11:06 AM

Sensex, Nifty open at record highs; realty stocks drag, banks shine

Indian stock markets opened at record highs on Wednesday. The BSE Sensex rose 242 points to 77,418, while the Nifty gained 71.90 points to 23,629.80. The Nifty bank indices opened at 50,607.90, up 167 points or 0.33 percent, and the Nifty Midcap 100...

June 19, 2024 9:46 AM

Asian stocks rise on tech rally, Fed rate cut wagers

Asian shares rose to their highest in three weeks on Wednesday, buoyed by a rally in tech stocks, while the dollar wobbled after soft U.S. retail sales data reinforced expectations of the Federal Reserve cutting rates later this year. MSCI's broades...

June 19, 2024 12:28 PM

PM Modi releases 17th installment of PM KISAN scheme worth more than Rs 20000 cr

In his first visit to Varanasi after being re-elected for a third consecutive term, Prime Minister Narendra Modi released the 17th installment of the PM-KISAN scheme on Tuesday, amounting to more than Rs 20,000 crores for around 9.26 crore beneficiar...

June 18, 2024 5:46 PM

Sensex, Nifty close at record highs

Indian markets closed at record highs on Tuesday, with both the Sensex and Nifty reaching new levels during the trading session. The Sensex peaked at a record 77,366.77, while the Nifty50 hit an all-time high of 23,579.05. The Nifty 50 closed up 0.3...

June 18, 2024 1:19 PM

India, US to initiate new cooperation in quantum tech, biomanufacturing

India and the US have agreed to initiate new cooperation in the field of quantum science and technology, as well as to develop a joint strategic framework for optimizing the biopharmaceutical supply chain. The two countries released on Monday a join...

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...