The equity markets end the highly volatile session on a lower note on Friday. The Nifty 50 closed the counter 95 points, or 40%, lower at 23,431.50, breaching its important support level of 23,500. The Sensex dropped 241.30 points, or 31%, finishing the day at 77,378.91. The Nifty 50 shed 2.5% this week while the
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. This marked its tenth consecutive weekly decline, surpassing the previous record low of 85.9325 reached on Thursday. The currency has faced consistent pressure from a strengthening dollar and weak capital inflows. The dollar
Shares of ONGC, one of India’s largest oil and gas companies, are trading today, January 10 on a positive note. As of 12:02 PM IST, the company’s stock is trading positively, up by 1.09%, at Rs 265.95 per share. The stock today opened at Rs 264.00 and reached a high of Rs 266.50, during the
Equity-Linked Savings Schemes (ELSS), also known as tax-saving mutual funds, have the potential for higher returns, and they also carry the added advantage of tax savings for investors. ELSS fund invests primarily in equity and equity-related instruments. As per SEBI norms, it is mandatory for an ELSS fund to invest at least 80% of the
With Finance Minister Nirmala Sitharaman all set to table the Union Budget 2025 on February 1, Deloitte expects the government to streamline tax structures and improve the overall ease of doing business in terms of mergers and acquisitions. During the first nine months of 2024, the total value deals in India surged by 66 per
Quadrant Future Tek IPO shares will be allotted to investors who applied for it on January 10. The issue was closed on January 09 and was subscribed to a total of 196 times. The retail portion was booked to a total of 256.46 times. The NIIs ruled the subscription with 268.03 times. The QIBs booked
How to Check Capital Infra Trust Invit IPO Share Allotment Status: Capital Infra Trust InvIT IPO was opened for subscription from January 7 to January 9, with price band set between Rs 99 to Rs 100 per share. With the allotment status set to be announced today, January 10, here is how you can check
It’s been a choppy Friday for the markets so far. The Nifty and Sensex tumbled hard in the morning trade but recovered some ground eventually. The Nifty 50 dropped well past the 23,500 support zone and slipped to 23,344.35. But then recouped back above this key support level. The Sensex too fell 500 points before
Now, you won’t be charged for updating or modifying details of the nominee in your Public Provident Fund (PPF) account as “necessary changes” are being made to the Government Savings Promotion General Rules 2018. “In the Government Savings Promotion General Rules, 2018, in Schedule II, under ‘Fee to be charged for services,’ the words and
US President Donald Trump’s sweeping reciprocal tariffs have created a stir in the global markets, impacting almost all asset classes. Equities slumped, bonds surged, and gold hit new highs. Investors’ concerns grew, and their direct impact is visible on the prices of gold. Investors scramble towards safe-haven assets like gold in times of uncertainty, and
US President Donald Trump has announced a flat 26 per cent tariff on Indian goods with some exemptions and according to analysts, this comes as a double-edged sword for India’s textile sector. While the increased tariff is likely to impact exports with the US being a major market for Indian textiles, it also gives India’s
Infosys has filed fresh charges in a US district court against US-based Cognizant Technology Solutions, a report by The Times of India said. The company has accused Cognizant for leveraging its power of monopoly to restrain the competition and maintain its dominance in the healthcare software market via its platform Cognizant TriZetto Software Group. Infosys
The domestic brokerage house Motilal Oswal believes that the US tariff impact will remain minimal on India. India’s exports in the six most vulnerable sectors amount to only 1.1% of India’s GDP. “Overall, we believe that the impact of reciprocal tariffs (assuming full product-level reciprocity) on India will be limited on a national basis,” said
