After suffering for two consecutive days, the Equity benchmark indices opened in green on Friday with Sensex and Nifty surging in the opening trade.
The Tata Group-owned airline has cancelled more than 170 flights since Tuesday night after the cabin crew started reporting sick to protest against the alleged mismanagement at the airline.
As worries surrounding the general elections persisted, both the Sensex and the Nifty 50 witnessed a significant drop of over 1 per cent during Thursday's trading session. The volatility intensified on the weekly Nifty options expiry day, adding to the market turmoil.
Bank employees face a setback as a court decision upholds income tax regulations on their benefits. The ruling, which has been criticized for its arbitrary nature, ties the taxation of these benefits to the interest rates set by the State Bank of India.
Across the Asia-Pacific region, markets are displaying mixed sentiment ahead of China’s April trade figures and Japan’s pay statistics. Asian bond markets experienced a decline on Thursday, mirroring the selling pressure observed in Treasuries during the previous session, which supported the dollar.
With a focus on reducing NPAs, the proposed regulations require banks to provision up to five per cent of the loan amount during the construction phase, with adjustments as the project progresses.
In the early trade, the 30-share BSE Sensex declined 363.09 points to 73,148.76. Meanwhile, the Nifty dropped by 116.9 points to 22,185.60 points.
In the early trade, the 30-share BSE Sensex climbed 77.76 points to 73,973.30 Meanwhile, the Nifty was also up by 47.10 points to 22,489.80 points.
The marginal increase in the Sensex suggests cautious optimism among investors, while the dip in the Nifty indicates some profit-taking and consolidation in select sectors.
In the early trade, the 30-share BSE Sensex climbed 450 points to 74,081.79. Meanwhile, the Nifty was trading at over 22,550.
Billionaire investor Warren Buffett expressed interest in exploring untapped opportunities in the Indian market during Berkshire Hathaway's annual meeting. Despite highlighting the potential, Buffett emphasized the need for advantageous insights and contacts to pursue ventures in India.
Before November, FPI participation in Indian stocks was lukewarm, and they had turned net sellers. They sold Rs 14,768 crore and Rs 24,548 crore in September and October, respectively.
Bhavesh Gupta mentioned in his letter that his resignation will be effective close of business hours on 31 May.
Prior to the introduction of the fare families concept, passengers on Air India's domestic flights were allowed to carry 25 kilograms of cabin baggage free of any additional charge.
The government imposed a 40 per cent duty on the export of onions last night. In August last year, India had imposed a 40 pc export duty on onions up to December 31, 2023.
The development comes days after IndiGo Airlines, a leading airline company unveiled their plans to introduce electric air taxis. IndiGo is planning its project on the Delhi-Gurugram route in collaboration with America-based Archer Aviation.
As it races to bring AI into its products, Apple's massive buyback program may appease investors who have been bruised by its sinking stock price.
In the early trade, the 30-share BSE Sensex climbed 470.92 points to 75,082.03. Meanwhile, the Nifty was also up by 139.5 points to 22,787.70 points.
The total value of Rs 2,000 banknotes dropped drastically from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, indicating a substantial decline, according to RBI statements.
Economists question whether this signifies a new volatile phase in the fight against inflation, with the IMD offering no respite from the blistering temperatures. Aside from health concerns, experts highlight the threat to agricultural output, potentially worsening inflationary pressures.
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