Sensex surges 455 pts, Nifty tops 21,900; IT index jumps 3%, YES Bank 12%

Stock market highlights on February 6, 2024: The Nifty Auto, Metal, and Pharma added over 1 per cent each

9:24 AM

Broader markets :: SmallCap index outshines peers for second day

9:21 AM

Sectoral indices :: Pharma, Auto indices extend rally

9:20 AM

Sensex Heatmap :: Power Grid, Infy, RIL drag index in red

9:19 AM

Opening Bell :: Nifty holds 21,750

9:17 AM

Opening Bell :: Sensex rises less than 100 pts in early deals

9:11 AM

ALERT :: Group of start-up founders writes to RBI, PMO on Paytm fiasco

9:09 AM

Pre-Open Session :: Nifty holds 21,800

9:08 AM

Pre-Open Session :: Sensex gains 200 pts

9:03 AM

Currency Alert: Rupee strengthens 3 paise to open at 83.03/$

8:58 AM

US Federal Reserve wary of cutting interest rates too soon: Jerome Powell

Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%. Read

8:54 AM

China tightens some trading restrictions for domestic, offshore investors

China is tightening trading restrictions on domestic institutional investors as well as some offshore units as authorities fight to stem a deepening stock rout, according to people familiar with the matter.  

 

Officials this week imposed caps on some brokerages’ cross-border total return swaps with clients, limiting a channel that can be used by China-based investors to short Hong Kong stocks, said the people, asking not to be identified discussing a private matter. Read

8:49 AM

Goldman, Morgan Stanley bet on India stocks as Wall St shifts from China

A momentous shift is under way in global markets as investors pull billions of dollars from China’s sputtering economy, two decades after betting on the country as the world’s biggest growth story.   
 

Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the South Asian nation as the prime investment destination for the next decade. Read

8:44 AM

Opinion: Reserve Bank's decision to freeze Paytm shows faulty understanding

When the Indian monetary authority began giving out restricted banking licenses to a new category of payment facilitators about eight years ago, it should have spared a thought to their orderly resolution — just in case it had to shutter any of them. As the deepening crisis at Paytm Payments Bank Ltd. shows, the regulator didn’t do its homework. Read

8:40 AM

DIIs sell Rs 1,188 crore worth of shares Monday

8:37 AM

FIIs buy Rs 519 crore on Monday