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India's Nifty 50, Sensex trim gains; global markets' rally fades

Monday,   11-Dec-2023   03:57 (IST)

India's blue-chip indexes pared early gains on Monday, as global stocks' rally stalled over doubts about the expected U.S. rate cut in March 2024, ahead of a key U.S. inflation reading and central bank policy decisions. The NSE Nifty 50 index rose 0.13% to 20,997.10, while the S&P BSE Sensex settled 0.15% higher at 69,928.53. Both indexes gained about 0.3% each during the session, with the Sensex surpassing 70,000 levels for the first time in intraday trade. Asian markets declined. The MSCI Asia ex-Japan index lost 0.33% on worries about the U.S. rate outlook on the back of stronge...

India's Sensex trims gains after hitting milestone of 70,000

Monday,   11-Dec-2023   10:19 (IST)

India's Nifty 50 and Sensex indexes hit record highs on Monday before paring the gains, dragged by pharma stocks following the U.S. drug regulator's observations on Dr. Reddy's Laboratorie...

India's forex reserves rise to $604.04 bln as of Dec 1

Friday,   08-Dec-2023   05:16 (IST)

India's foreign exchange reserves rose to $604.04 billion as of Dec 1, compared with $597.94 billion a week earlier, the Reserve Bank of India said on Friday. Changes in foreign currency assets, e...

India's Nifty, Sensex post longest weekly winning run in three years

Friday,   08-Dec-2023   04:20 (IST)

India's benchmark indexes posted their longest weekly winning streak in three years, as they rallied to record highs on the back of strong macroeconomic data, a drop in oil prices and the Reserve ...

India's Nifty, Sensex hold gains after cenbank keeps rates unchanged

Friday,   08-Dec-2023   10:23 (IST)

Indian shares held gains on Friday, with the benchmark indexes Nifty 50 and Sensex hitting fresh record highs, after the Reserve Bank of India (RBI) stood pat on key rates for a fifth consecutive time...

India keeps key rate unchanged as focus on inflation remains

Friday,   08-Dec-2023   10:09 (IST)

The Indian central bank's key lending rate was held steady on Friday with inflation control remaining a major focus amid expectations of a spike in food prices in coming months and better than exp...

India's Nifty 50 hits record high ahead of RBI policy decision

Friday,   08-Dec-2023   09:51 (IST)

Indian shares opened higher on Friday with the benchmark Nifty 50 hitting a fresh record high, ahead of the Reserve Bank of India's (RBI) monetary policy decision, where the bank is expected to st...

Indian shares break recent rally to settle lower ahead of RBI policy

Thursday,   07-Dec-2023   03:56 (IST)

India's benchmark indexes fell on Thursday after rallying for seven consecutive sessions, as investors took a breather a day before the Reserve Bank of India's (RBI) monetary policy decision. ...

Indian shares fall as sustained rally comes to a pause

Thursday,   07-Dec-2023   02:30 (IST)

India's benchmark indexes fell on Thursday, dragged by financials in a consolidation of sorts after rising for seven consecutive sessions and hitting fresh record highs. The NSE Nifty 50 index she...

IT, energy stocks lift Indian shares to new all-time highs

Wednesday,   06-Dec-2023   04:14 (IST)

India's benchmark indexes advanced to fresh record highs for the third consecutive session on Wednesday, led by energy stocks on moderating oil prices and information technology (IT) shares on gro...