Gabriel India led wealth creators with over two-and-a-half times return. Force Motors followed with 148.4% return. Siemens saw the biggest loss, shedding 55% of its value. Tata Motors Passenger Vehicles lost 52% market capitalization. Jindal Saw reported a 45.4% erosion in market cap due to subdued demand.Read More
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
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