Sensex ends lower for third straight day, down 232 pts; ITC, HUL weigh

The NSE Nifty50 ended 82 points lower at 19,543; broader indices too finished with significant losses. Private banks, however, bucked the trend on Friday.

6:43 AM

Market movers: Explaining the surge in Indians declaring capital gains

American Jesse Livermore, considered one of the great stock market traders of the last century, often made money even when everyone around him was going bankrupt. When the market crashed in October 1929, he reportedly went home to tell his wife that he had made more money than ever before. READ

6:29 AM

Fuel shortage unlikely but disruption in oil supplies, price hikes possible

Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don't expect a repeat of the catastrophic price hikes and long lines at the gasoline pump, experts say. READ

6:14 AM

Adani Group closes in on $3.5 billion loan to refinance existing debt

Billionaire Gautam Adani-controlled Adani Group is closing in on a $3.5 billion loan to refinance existing debt that was taken out to fund the purchase of Ambuja Cements Ltd., in what would be the latest sign of confidence among creditors in the conglomerate. READ

6:01 AM

This newly listed stock has zoomed nearly 100% against its issue price

Shares of Plaza Wires were locked in the upper circuit for the sixth straight day on the BSE. READ

5:49 AM

No cost EMIs galore this festive season: Are there any hidden charges?

The no-cost EMI offers allow consumers to buy different products in instalments without paying additional interest or charges. This implies that you will be paying only the actual price of the product. READ

5:38 AM

RBI Guv: Outlook on food inflation is beset with uncertainty

>> Our monetary policy must remain actively disinflationary currently. 

5:37 AM

RBI Guv: Our 250 bps cumulative rate hike still working through the financial system

5:36 AM

RBI Guv: Our balance sheet size down to 22.5% of GDP in FY23

>> Financial markets had frozen in 2019 with tight liquidity and crisis of confidence
>> We were monitoring banks, NBFCs.
>> We fulfilled our committment of not letting a large NBFC fail.
>> After 2020, policy rate was sizably reduced in India, but not below the 4% target as against what was done by other economies. 
>>  All measures we took in 2020 and after were weighed with risks they will create for price and financial stabiliy. 
>> RBI balance sheet size had expanded 28.6% of GDP in 2021 from 24.6% in 2019-2020
>> This has moderated to 22.5% of GDP in 2022-2023, below its pre-pandemic level, says Das
 

5:28 AM

RBI Guv Das: Financial stability measures by regulating banks, markets can enhance rate transmission

>> Financial stability measures aimed at regulating banks and NBFCs and markets can enhance rate transimission to achieve price stability. 

>> But measures via extraordinary monetary expansion if not corrected timely can jeopardise price stability. 

>> Relation between financial and price stability depends on the choice of monetary policy

5:24 AM

RBI Guv Live: Large stimulus during Global financial crisis sowed seeds of inflationary pressures

>> RBI Guv Shaktikanta Das speaking at 'The Kautilya Economic Conclave 2023'

>> Moderation era of 1990s lulled central banks into complacency with regards to financial supervision

>> Unpredecnted rate hikes has resulted in large erosion of some banks in some large economies

5:15 AM

City gas distributors under pressure; IGL, MGL stocks tank up to 10%

The Delhi government has submitted a policy on electric vehicle (EV) adoption by cab aggregators, delivery service providers and E-comm entities for final approval by the Lieutenant Governor. READ

4:58 AM

Israel-Palestine war: Markets not pricing in an escalation, says Chris Wood

Global financial markets are not yet fully factoring in any escalation in the Israel-Palestine geopolitical conflict, said Christopher Wood, global head of equity strategy at Jefferies in his latest weekly note to investors, GREED & fear. READ MORE

4:52 AM

Q2 earnings impact:: Tata Communications dips 2%

Tata Communications Q2 net profit plunged 58.6 per cent to Rs 221.26 crore for the quarter ended September 2023 when compared with Rs 534.26 crore in the corresponding quarter a year ago. Total income was up 9.6 per cent YoY at Rs 4,897.86 crore.

 

4:47 AM

Rupee depreciates 5 paise to 83.18 against US dollar in early trade

The rupee depreciated by 5 paise to 83.18 against the US dollar in early trade on Friday due to unabated foreign fund outflow amid rising crude oil prices.

4:38 AM

Hindustan Unilever dips 2% on muted September quarter results

The outlook for HUL remains balanced as lower commodity costs and a gradual recovery in rural demand could be offset by reduced leverage on pricing and increased competition from smaller players. READ MORE