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India’s foreign exchange reserves rise to near 6-month high

Friday,   27-Jan-2023   05:34 (IST)

India's foreign exchange reserves rose to a near six-month high of $573.7 billion in the week through Jan. 20, the Reserve Bank of India's (RBI) statistical supplement showed on Friday. This is the second consecutive week that the country’s reserves have risen. In the week to Jan. 13, the reserves stood at $572 billion. The RBI has intervened to buy dollars as the Indian rupee has stabilised, according to forex market participants. This, coupled with valuation changes, adds to the central bank's forex reserves. Separately, the central bank's forward dollar holdings jumped...

Adani Group carnage drives Indian shares to over 3-mnth lows

Friday,   27-Jan-2023   04:16 (IST)

Indian shares ended more than 1% lower to hit a three-month low on Friday as a short-seller attack on Adani Group companies triggered a selloff in its shares and of the banks, wiping off a combined $4...

Indian shares fall as financials slide; Adani stocks tumble

Friday,   27-Jan-2023   10:31 (IST)

Indian shares opened lower on Friday as financials sustained the slide on risk aversion due to Hindenburg's report on the books of Adani group companies, which offset easing concerns of recession ...

Adani stocks sink Indian shares by over 1%

Wednesday,   25-Jan-2023   04:08 (IST)

Indian shares fell to their lowest level in over a week on Wednesday, dragged by Adani group stocks after a short-seller raised fresh concerns about the group's debt in a report that had a ripple ...

Indian shares slide on growth fears; Adani group stocks fall

Wednesday,   25-Jan-2023   10:05 (IST)

Indian stocks opened lower on Wednesday on weak economic data from the United States that hinted at a possible recession, and downbeat growth outlook from companies. The Nifty 50 index was down 0.39% ...

Indian shares pare gains as investors book profits in financials

Tuesday,   24-Jan-2023   04:19 (IST)

Indian shares erased gains, tracking a slide in financials as investors booked profits after strong quarterly earnings reports ahead of the federal budget due next week. The Nifty 50 index closed flat...

Indian shares rise on earnings, easing recession worries

Tuesday,   24-Jan-2023   10:10 (IST)

Indian stocks opened higher on Tuesday on strong third-quarter corporate earnings ahead of the federal budget due next week, while a technology stocks-led rally on Wall Street helped broader sentiment...

Indian shares snap 2-day losing run on strong bank earnings

Monday,   23-Jan-2023   04:04 (IST)

Indian stocks rose on Monday, after two straight sessions of declines, helped by gains in financial stocks as banks reported strong quarterly results over the weekend. The Nifty 50 index closed 0.50% ...

Indian shares open higher; financials gain on strong earnings

Monday,   23-Jan-2023   10:05 (IST)

Indian stocks opened higher on Monday as financial stocks ticked up after some banks reported strong quarterly numbers over the weekend, while a Wall Street rally in the previous session helped broade...

Indian shares hit two-week highs boosted by metals, financials

Wednesday,   18-Jan-2023   03:53 (IST)

Indian stocks on Wednesday closed at their highest levels in over two weeks, lifted by metals and financials, while foreign investors buying domestic stocks further boosted sentiment. The Nifty 50 ind...