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Reliance, Wipro weigh on Indian shares amid volatility spike ahead of budget

Monday,   22-Jul-2024   04:06 (IST)

Indian shares closed marginally lower dragged by Reliance Industries and Wipro after the companies posted weaker-than-expected quarterly results, with volatility rising a day ahead of the budget. The NSE Nifty 50 fell 0.09% to 24,509.25, while the S&P BSE Sensex shed 0.13% to 80,502.08. The volatility index spiked to a six-week high of 15.63 during the session before settling at 15.44. Investors waited ahead of the union budget tomorrow, amid concerns over possible tweaks in capital gains tax. In India, gains on listed shares are taxed at 10% if stocks are held for 12 months, and at 15% if...

IT boost lift Indian shares to record closing highs

Thursday,   18-Jul-2024   04:12 (IST)

Indian shares recovered from a weak start to end at record closing highs led by information technology stocks as LTIMindtree's better-than-expected results added to expectations of a turnaround in...

Indian shares reverse early losses to hit record highs led by IT

Thursday,   18-Jul-2024   11:32 (IST)

Indian shares reversed early losses to hit record highs led by information technology stocks, after software services provider LTIMindtree posted a revenue beat in the June quarter. Both the indexes r...

IT leads Indian blue-chips to record closing highs

Tuesday,   16-Jul-2024   04:34 (IST)

India's benchmark indexes notched record closing highs buoyed by gains in heavyweight information technology stocks amid prospects of a U.S. interest rate cut in September and a strong earnings ou...

Indian rupee forward volumes drop on lack of arbitrage, listless price action

Tuesday,   16-Jul-2024   02:33 (IST)

A lack of arbitrage opportunities and narrow price action are prompting bankers to scale back on their activities in the Indian rupee forwards market, leading to a drop in volumes. Volumes between ban...

IT leads India's benchmarks to record high; small-, mid-caps at all-time high

Tuesday,   16-Jul-2024   12:22 (IST)

India's benchmark indexes rose to a record high led by information technology shares on firming bets of a rate cut as early as September. Both the NSE Nifty 50 and S&P BSE Sensex rose about 0....

State-owned firms power Indian stocks to record closing high

Monday,   15-Jul-2024   04:47 (IST)

India's blue-chip indexes logged record closing highs led by gains in state-owned companies, with mid-cap stocks also extending their record run after a healthy start to the earnings season. The N...

India's trade deficit widens to $20.98 bn YoY in June

Monday,   15-Jul-2024   02:29 (IST)

India's trade deficit widened to $20.98 billion on an annual basis in June from $19.19 billion in the same month last year, government data showed on Monday. On a monthly basis, trade deficit narr...

India's June wholesale prices rise 3.36% on year

Monday,   15-Jul-2024   12:26 (IST)

India's wholesale prices rose at their fastest annual pace in 16 months in June on the back of costlier food, government data showed on Monday. The wholesale price index rose 3.36% in June from a ...

IT stocks lead rise in India's Nifty 50 to record highs

Monday,   15-Jul-2024   11:31 (IST)

India's blue-chip Nifty 50 rose to record highs on Monday led by information technology stocks after results from top-tier IT companies indicated signs of demand recovery for the sector. The NSE N...