Indian equity indices surged on Monday, mirroring gains across Asia, driven by a strengthening rupee and renewed foreign investment. The Nifty and Sensex closed higher, with the broader market also showing strength. Analysts attribute the upward trend to a ‘Santa rally’ phenomenon, with midcap and smallcap stocks leading the advance.Read More
The Indian rupee weakened against the US dollar on Monday, closing at 89.65, after a three-day rally. Dollar demand from local firms and pressure from the non-deliverable forwards market offset recent intervention-led gains. Higher oil prices are expected to be a near-term driver for the pair.Read More
The Reserve Bank of India actively intervened in the foreign exchange market, net selling $11.87 billion in October to defend the Indian rupee. This intervention prevented a significant depreciation, with the currency closing the month near its record low. The real effective exchange rate remained largely stable in November.Read More
Shriram Finance shares surged to an all-time high after Japan’s MUFG Bank announced its acquisition of a 20% stake. Analysts have raised price targets, citing the deal’s positive impact on the NBFC’s growth outlook and debt repayment confidence. The investment is expected to accelerate diversification plans and bring valuable expertise.Read More
Markets advanced nearly a percent, extending Friday’s rebound, with Nifty facing resistance around 26,200-26,300. Analysts suggest a positive bias with buying opportunities on dips. Several companies like Adani Total Gas, Indian Hotels, and LIC Housing Finance are in focus due to significant news developments, including CFO appointments, international hotel signings, and interest rate reductions.Read More
Indian equities rebounded for a second consecutive session on Monday, buoyed by a stronger rupee and broad-based buying interest. Analysts anticipate continued market stability, supported by favorable global cues. The Nifty is expected to remain bullish above 25,900, with immediate resistance at 26,315.Read More
DBS Bank India has provided Indorama India, a subsidiary of Indorama Corp, with a ₹670 crore sustainability-linked trade facility. This loan aims to promote sustainable manufacturing in eastern India’s fertiliser sector by incentivizing reductions in greenhouse gas emissions, water use, and energy intensity.Read More
Public sector undertakings (PSUs) have demonstrated significant financial improvement, with their share of net profit in the ET 500 rankings expanding sharply to 30.7% in FY25 from 17.9% in FY19. PSUs also outpaced non-PSUs in sales and profit growth, showcasing a robust financial turnaround.Read More
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