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Searched Tag: indian markets

India's smartphone market grows 3.2% with 35M shipment in Q2

August 13, 2024, 04:29 PM - 2 min read

The Indian smartphone market grew 3.2% with 39 million units shipment in the second quarter of 2024, market research firm International Data Corporation said on Tuesday.

Indian market stays steady amidst Hindenburg allegations

August 12, 2024, 04:13 PM - 2 min read

On Monday, Indian investors remained largely unfazed by the recent Hindenburg allegations against SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch. Despite predictions of a market crash, the benchmark indices ended the day relatively flat. The Sensex closed down 57 points at 79,648, and the Nifty ended down 20 points at 24,347. During intra-day trading, the Sensex briefly surged over 300 points, surpassing the 80,000 mark

CCI proposes amendments to general rules

June 8, 2024, 07:49 PM - 2 min read

The amendments came from the Competition (Amendment) Act, 2023, which introduced new provisions and updating the existing ones in the Competition Act, 2002. The CCI has proposed updates to align the general regulations with the latest framework.

The BSE Sensex and Nifty50, key Indian equity benchmarks, opened flat on Thursday. The BSE Sensex reached 74,200, while the Nifty50 was near 22,575.

Markets open flat, Investors eye global cues

May 23, 2024, 12:14 PM - 2 min read

From a technical standpoint, Om Mehra of SAMCO Securities suggested that if the upward momentum persists, the Nifty50 could potentially reach 22,750 and even surpass its all-time high of 22,794.70. Similarly, Khemka expects overall positive market sentiment to continue.

Markets climb in special Saturday trading session

May 18, 2024, 10:40 AM - 2 min read

Among the Sensex components, Power Grid, Nestle, Asian Paints, IndusInd Bank and Tata Steel were the major gainers. JSW Steel and Axis Bank were the laggards.

In a buoyant start to Thursday's trading session, Indian equity benchmark indices surged, propelled by robust investor sentiment, record-breaking GST collections in April and substantial foreign fund inflows.

Foreign fund inflows boost Indian markets optimism

May 2, 2024, 10:45 AM - 2 min read

Key gainers among the Sensex constituents included Power Grid, Mahindra & Mahindra, Asian Paints, Tata Steel, Sun Pharma, and HDFC Bank, reflecting broad-based optimism among investors. However, Kotak Mahindra Bank, Maruti, Wipro, and Titan experienced marginal declines.

Leading exporters among developing economies include India, China, Singapore, Turkiye, Thailand, Mexico, and Saudi Arabia,

11.4 pc rise in India's services export: UNCTAD

April 25, 2024, 05:53 PM - 2 min read

With an 8.9 per cent annual rise in current dollar value terms, the world services exports surpassed $7.9 trillion in 2023, read the report.

The global financial industry remains enamoured with Prime Minister Narendra Modi, despite a noticeable shift in the nature of economic reforms and policy promises.

Modi-fying India: Why global markets still cheer for the Prime Minister

April 25, 2024, 02:11 PM - 2 min read

Global investors remain bullish on Modi's leadership, foreseeing a continued influx of overseas capital post-elections. Both Goldman Sachs and JPMorgan anticipate a positive market response, with the BJP positioned as the favorite to secure victory.