The semiconductor industry in India is witnessing substantial growth, projected to reach $64 billion by 2026, primarily fueled by advancements in the telecom and industrial sectors. The Indian government is proactively supporting semiconductor manufacturing through various measures, including the production-linked incentive (PLI) scheme. With an allocation of over $10 billion, the PLI scheme encourages semiconductor [...]
Equity benchmark Sensex ticked higher for the fifth straight session on Thursday, helped by fag-end buying in select blue-chip stocks amid a largely negative trend in global markets. A depreciating rupee and rising crude prices in the international market capped the gains in domestic equities, traders said. In a largely choppy session, the 30-share BSE [...]
Equity benchmark Sensex jumped over 465 points on Monday, tracking gains in index majors HDFC twins and Reliance Industries amid positive global market trends. The 30-share BSE gauge climbed 465.14 points or 0.80 per cent to finish at 58,853.07. During the day, it jumped 546.97 points or 0.93 per cent to 58,934.90. The broader NSE [...]
Equity benchmarks ended modestly higher on Friday after the Reserve Bank raised the key interest rate in an effort to cool stubbornly high inflation and defend the rupee. Continuous foreign fund inflows into the capital markets and softening crude oil prices also helped the bourses regain momentum, traders said. The 30-share BSE Sensex ended 89.13 [...]
Equity benchmarks snapped their six-session rally to close marginally lower on Thursday amid profit booking in banking and energy counters. Investors also stayed on the sidelines ahead of the RBI's policy meet outcome on Friday. In choppy trade, the 30-share BSE Sensex ended 51.73 points or 0.09 per cent lower at 58,298.80. During the day, [...]
Equity benchmarks staged a comeback during the fag-end of trade on Wednesday, with the Sensex climbing over 214 points amid continuous foreign fund inflows and a largely positive trend in global markets. Buying in IT counters and Reliance Industries added to the momentum. In a volatile session, the 30-share BSE benchmark ended 214.17 points or [...]
The benchmark BSE Sensex and Nifty closed marginally higher in a volatile trade on Tuesday as gains in FMCG, power and energy stocks helped the indices extend gains for a fifth straight day. The 30-share BSE benchmark ended 20.86 points or 0.04 per cent higher at 58,136.36 with 16 of its constituents ending in the [...]
Equity indices darted up for the fourth straight session on Monday to close at over three-month highs, boosted by robust buying in market heavyweight Reliance Industries and auto stocks amid firm global trends. Strong macroeconomic data and a sustained recovery in the rupee on the back of foreign fund inflows also buoyed sentiments, traders said. [...]
Benchmark BSE Sensex and Nifty spurted over 1 per cent to extend their winning run to a third day on Friday following buying in index majors Reliance Industries, Infosys and HDFC twins. A largely buoyant global trends also helped indices continue their gaining streak. The 30-share BSE barometer jumped 712.46 points or 1.25 per cent [...]
Benchmark indices rallied on Thursday with the Sensex and Nifty climbing nearly 2 per cent, helped by heavy buying in Bajaj Finance shares amid a mixed trend in the global equity markets. The 30-share BSE benchmark jumped 1,041.47 points or 1.87 per cent to settle at 56,857.79. During the day, it rallied 1,097.9 points or [...]
