Business

January 3, 2025 7:44 PM

Domestic Markets End in Red; Sensex Falls 721 Points

Benchmark domestic equity indices today ended significant losses due to profit booking amid the strengthening US dollar. The 30-share Sensex index at the Bombay Stock Exchange slumped 721 points, or 0.90 percent, to 79,223, while the Nifty has downed 183 points, or 0.76 percent, to 24,005. Among sec...

January 3, 2025 7:20 PM

Oil Prices Dip Slightly

Contrary to yesterday's positive note, oil prices fell slightly today but remained poised for weekly gains after closing at their highest in more than two months in the previous session, underpinned by potential further economic stimulus in China and lower U.S. interest rates. Brent crude a...

January 3, 2025 7:16 PM

Asian Markets Close Mixed; European Indices Trade in Red

Three out of four major Asian indices ended in positive territory today. Hong Kong's Hang Seng Index up 0.7 percent while China's Shanghai Composite Index plunged over 1.6 percent. South Korea's Kospi ended 1.8 percent up while Singapore's Straits Times index ended positive with 1 percent u...

January 3, 2025 7:15 PM

Rupee Settles at 85.78 Against US Dollar

In the Forex market, the rupee today fell marginally by three paise to settle at 85 rupees and 78 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading at 108.97 in intra-day trade....

January 3, 2025 5:03 PM

NSE Leads Global IPO Market in 2024, Raising ₹1.67 Lakh Crore with 268 Listings

The National Stock Exchange (NSE) has recorded the highest number of IPOs in Asia and the highest equity capital raised in the primary market globally in the calendar year 2024, with 268 successful IPOs across the Mainboard (90) and SME (178) segments, raising Rs. 1.67 lakh crore. In 2024, a total o...

January 2, 2025 9:24 PM

UPI transactions surge to record 16.73 bn in Dec: NPCI

National Payments Corporation of India (NPCI) has said that Unified Payments Interface (UPI) has processed nearly 16.73 billion financial transactions in a single month in December last year. UPI processed around 23.25 lakh crore rupees in the transactions done. NPCI said that there was a 39 percen...

January 2, 2025 7:38 PM

Centre forms working group for base revision of WPI

The Ministry of Commerce and Industry has announced the constitution of a working group to revise the base year for the Wholesale Price Index (WPI) from the existing 2011-12 to 2022-23. The 18-member working group, chaired by Prof. Ramesh Chand, member, NITI Aayog, comprises representatives from var...

January 2, 2025 4:24 PM

Market Update: Sensex soars 1,436 pts, Nifty-50 rises to 446 pts

Benchmark domestic equity indices today ended with strong gains, driven by a surge in auto, IT and financial stocks. The 30-share index at Bombay Stock Exchange, Sensex, soared 1,436 points, to close at 79,944. Similarly, the National Stock Exchange Nifty-50 rose 446 points, to settle at 24,189. Bot...

January 2, 2025 4:14 PM

Nirmala Sitharaman chairs seventh Pre-Budget Consultation with stakeholders

Union Finance Minister Nirmala Sitharaman today chaired the seventh Pre-Budget Consultation with stakeholders from the financial sector and capital markets in connection with the forthcoming Union Budget 2025-26 in New Delhi. The meeting was attended by the Union Finance Secretary, Secretary DIPAM, ...

January 2, 2025 1:50 PM

Sensex jumps 1,229 points, Nifty soars 382 points

Benchmark domestic equity indices, Sensex and Nifty, were trading higher with gains of over one and a half per cent in the afternoon trade today, led by a surge in the Auto, Information Technology and Financial Services sectors. The 30-share BSE Sensex jumped 1,229 points, to 79,737, and the NSE Ni...