Markets decline in early trade after record rally
The Hindu
BSE Sensex and NSE Nifty dip, major laggards include Tech Mahindra, JSW Steel, HCL Technologies, and NTPC.
Benchmark equity indices declined in early trade on Friday amid profit-taking after a record rally in the previous day and fresh foreign fund outflows.
The 30-share BSE Sensex declined 206.18 points to 76,604.72. The NSE Nifty dipped 61.5 points to 23,337.40.
Among the 30 Sensex companies, Tech Mahindra, JSW Steel, HCL Technologies, NTPC, Bajaj Finserv, Kotak Mahindra Bank, Wipro and Tata Consultancy Services were the major laggards.
Titan, Asian Paints, Mahindra & Mahindra and Hindustan Unilever were among the biggest gainers.
In Asian markets, Seoul quoted higher while Tokyo, Shanghai and Hong Kong traded lower.
U.S. markets ended on a mixed note on Thursday.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,033 crore on Thursday, according to exchange data.
Bitcoin’s march toward $100,000 made further ground on Thursday as the coin crossed $95,000.
Billionaire Gautam Adani indicted in New York for bribery and fraud scheme, impacting Adani Group's financial plans.
SEC charges Adani Group chairman with defrauding American investors and bribing officials in multi-billion-dollar solar energy project scheme.
Country Club Hospitality and Holidays Ltd clears ₹600 crore debt, explores global partnerships, franchise model for growth and expansion.
Steel Secretary addresses concerns over cheap steel imports from FTA nations, highlighting challenges faced by domestic industry.
Stock markets in India closed for Maharashtra elections, with a bounce back in domestic indices observed on Tuesday.
The sensor systems for vehicles in India are all imported. Nothing is made in India though they are engineered at a sustainable low cost, said ISRO Chairman S. Somanath.
Donald Trump's proposed tariffs on Chinese imports could impact global trade, inflation, and economic growth.
Evernorth Health Services opens global capability centre in Hyderabad, plans to hire 300 more employees by April.
Tata Power partners with Bhutan's DGPC to develop 5,000 MW clean energy capacity, strengthening regional clean energy sector.
Rupee closes flat against dollar amid geopolitical tensions, domestic market optimism; traders eye upcoming data and elections.