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The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar on Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down the Indian currency, forex traders said. Also, dollar strengthened on increased demand amid the anticipation of restrictive trade measures by the new US administration after Donald Trump takes over as president on January 20. At the interbank foreign exchange, the rupee opened at 85.88, hit the intra-day peak of 85.85 before settling at the lowest-ever level of 86.00 (provisional) against the greenback, 14 paise lower from its previous close. On Thursday, the rupee gained 5 paise to settle at 85.86 against the US dollar, recovering from the steep decline of 17 paise in the preceding session. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said t
Stock Market Highlights: Indian markets declined for the second consecutive session, ending the week on a negative note on Friday. The 30-share Sensex slipped 241.30 points or 0.31 per cent
These stocks were down in the range of 1 per cent to 3 per cent in intra-day trades. They have corrected by up to 35 per cent from their respective 52-week highs
The downfall in the IndusInd Bank share price came after reports indicated that the New York-based brokerage Goldman Sachs downgraded the stock to 'Neutral'
The uptick in Surya Roshni share price came after the company announced that it has secured an order of Rs 81.47 crore from Bharat Petroleum Corporation Limited (BPCL)
The northward movement in IRCTC share price came after foreign brokerage firm Macquarie initiated coverage with 'Outperform' rating, with a target price of Rs 900
The company's stock is trading higher for the fourth straight day, soaring 6.5 per cent after India Ratings and Research (Ind-Ra) upgraded the company's long-term issuer rating
Analysts suggest, the markets are worried about implementation of protectionism measures by the new leadership in the US and evolving deflationary conditions especially in China.
The company's net profit climbed about 27 per cent year-on-year to Rs 425.4 crore in the December quarter of financial year 2025 (Q3FY25), from Rs 335.5 crore in the same quarter a year ago (Q3FY24)
FIIs were net sellers of over Rs 7,000 crore on Thursday, and their cumulative selling in the past seven trading sessions has exceeded Rs 19,000 crore, raising concerns in the market
GTPL Hathway share price plunged 9.85 per cent at Rs 132.65 per share on the BSE in intraday trade
IT-bellwether TCS's headline revenue numbers remained flat, but the deal-win total contract value (TCV) was encouraging, signaling potential momentum pick-up ahead
Investors dumped the shares of Tata Elxsi in loads on Friday after the company reported a subdued third quarter earnings for the financial year 2024-25 (Q3FY25)
Mutual fund investors should maintain a diversified portfolio and continue with their SIPs
The uptick in Ajmera Realty share price came after the company reported its operational numbers for the December quarter of financial year 2025 (Q3FY25)
Shares of Religare Enterprises were in high demand on Thursday, after media reports suggested that the Madhya Pradesh High Court has dismissed a petition against regulators RBI and Sebi
Brokerages tracked by Business Standard expect TCS to report a 6.3 per cent year-on-year (Y-o-Y) revenue growth for Q3, reaching Rs 6,445.63 crore, up from Rs 6,060 crore in the previous year
Shares of TV Today Network were in demand on Thursday, after the company's board approved closure of FM radio broadcasting operations of the company
Shares of Transrail Lighting were in demand on Thursday, after the company received a credit rating upgrade from CRISIL
Shares of Mangalam Global Enterprise were in demand on Thursday, after the company said that its board of directors will consider a sub-division of its shares