Latest Indian Economy News

Equity benchmark indices bounced back from intra-day lows to settle in the positive territory on Thursday helped by fag-end buying. In a volatile trade amid the monthly derivaives expiry, the 30-share BSE Sensex climbed 98.84 points or 0.16 per cent to settle at 61,872.62. During the day, it hit a high of 61,934.01 and a [...]

S&P Global Ratings on Thursday said Indian banking sector profitability will stabilise at a healthy level, and asset quality will continue to improve. "Indian banks' earnings will likely remain healthy. The sector has improved substantially in the past seven years, from a period when many public-sector lenders were grappling with bad loans," S&P Global Ratings [...]

Equity benchmark indices fell in early trade on Thursday in line with weak trends in global markets amid lack of any breakthrough in the US debt ceiling talks. However, later both indices Sensex and Nifty turned volatile and were oscillating between highs and lows. The 30-share BSE Sensex fell 75.1 points to 61,698.68 in early [...]

The government is working to bring down logistics cost to 9 per cent of GDP in the next three years from the current 14-16 per cent, Union Minister Nitin Gadkari said on Wednesday. Speaking at an event organised by industry chamber CII, the Road, Transport and Highways Minister further said India's exports will increase when [...]

Seven of the ten Adani Group stocks ended the day in the negative territory, with Adani Enterprises falling nearly 6 per cent, after rallying for the past three days as a Supreme Court-appointed panel found no evidence of stock price manipulation in the group companies. Adani Enterprises stock tumbled 5.90 per cent on the BSE. [...]

Benchmark stock indices closed lower on Wednesday, snapping their three-day gaining streak following profit-taking in financials, metal and oil shares amid a bearish trend in the global markets. The 30-share BSE Sensex fell 208.01 points or 0.34 per cent to settle at 61,773.78 in volatile trade. The index opened lower but bounced back in late-morning [...]

Reserve Bank Governor Shaktikanta Das on Wednesday said inflation has moderated, and the next print is expected to be lower than 4.7 per cent though there is no room for complacency and the war on inflation will continue. Retail inflation fell to an 18-month low of 4.7 per cent in April, mainly due to cooling [...]

Reserve Bank Governor Shaktikanta Das on Wednesday said the decision to tweak policy rates was not in his hand as he himself is driven by the situation on the ground. In April, the Reserve Bank in a surprise move hit the pause button and decided to keep the key benchmark policy rate at 6.5 per [...]

Equity benchmark indices began the trade on a weak note on Wednesday following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes. Halting a three-day rally, the 30-share BSE Sensex fell 251.26 points to 61,730.53. [...]

Benchmark indices Sensex and Nifty eked out gains in volatile trade to extend the winning streak to a third straight day on Tuesday amid weak trends in global markets as investors preferred to remain on the sidelines ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes. Fag-end volatility dragged the [...]

The government has reduced the subsidy provided under FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme applicable on electric two-wheelers registered on or after June 1, 2023. The Heavy Industries Ministry notified the changes. For electric two-wheelers, the demand incentive will be Rs 10,000 per kWh. The cap on incentives for electric [...]

Benchmark indices began the trade on a positive note on Tuesday, rallying for the third day running, amid fresh foreign fund inflows and continuous buying in IT counters. The 30-share BSE Sensex climbed 187.61 points to 62,151.29 in early trade. The NSE Nifty advanced 69.35 points to 18,383.75. Among the Sensex firms, Infosys, Bajaj Finserv, [...]

Benchmark equity indices Sensex and Nifty rallied for a second straight session on Monday following buying in index heavyweight Reliance Industries and IT stocks amid optimism in Asian markets. The 30-share BSE Sensex climbed 234 points or 0.38 per cent to settle at 61,963.68 as 19 of its components closed in green. During the day, [...]

President Ranil Wickremesinghe has said that Sri Lanka's debt restructuring programme will be completed by September this year and its bankrupt economy will be brought to a stable level, a media report said on Monday. Debt-ridden Sri Lanka is still struggling to normalise its crisis-hit economy after it declared its first-ever debt default in April [...]

Domestic quarterly earnings, global trends and foreign fund trading activity would dictate the movement in equity markets, which may face volatility amid the scheduled monthly derivatives expiry this week, analysts said. Equity markets took a breather last week. The BSE Sensex declined 298.22 points or 0.48 per cent and the Nifty dipped 111.4 points or [...]

Foreign investors have put in Rs 30,945 crore in the Indian equities in May so far, driven by strong macroeconomic fundamentals, prospect of reducing interest rates, positive earnings outlook and falling valuations of stocks. With this, net inflows by Foreign Portfolio Investors (FPIs) reached Rs 16,365 crore in 2023 so far, data available with the [...]

The total outstanding dues of electricity distribution utilities (discoms) has reduced by a third to around Rs 93,000 crore in May, in less than year of implementing the Late Payment Surcharge (LPS) Rules in June 2022. The burgeoning dues of discoms toward power generation (gencos) mainly and transmission (trancos) firms have been affecting the entire [...]

Equity benchmark indices climbed in early trade on Monday amid rally in Asian markets along with buying in index heavyweights IT counters and Reliance Industries. The 30-share BSE Sensex climbed 146.98 points to 61,876.66 in early trade. The NSE Nifty went up by 55.3 points to 18,258.70. Among the Sensex firms, NTPC, Power Grid, Wipro, [...]

Equity benchmark indices started the trade on a firm note on Friday amid positive trend in the global stock markets and foreign fund inflows but later turned volatile. The 30-share BSE Sensex climbed 205.08 points to 61,636.82 in early trade. The NSE Nifty advanced 56.2 points to 18,186.15 in initial deals. Later, both the benchmark [...]