Nifty hits fresh all-time high level in early trade; Sensex climbs 178 points
The Hindu
Mumbai equity markets rally to all-time highs on optimistic investor sentiment and impressive GDP data, amid global market gains.
Equity benchmark indices climbed in early trade on March 4, with the Nifty hitting its fresh all-time high level, amid a rally in global markets.
Optimistic investors' sentiment after impressive GDP data has propelled rally in the equity markets.
The 30-share BSE Sensex climbed 177.73 points to 73,983.88 in early trade. The Nifty hit its all-time high level of 22,440.90.
Among the Sensex firms, NTPC, Power Grid, Bharti Airtel, IndusInd Bank and Maruti were the biggest gainers.
JSW Steel, Tata Steel, Titan and Mahindra & Mahindra were among the laggards.
In Asian markets, Seoul, Tokyo and Shanghai were trading in the green while Hong Kong quoted lower.
The US markets ended with gains on Friday.
Equity indices Sensex and Nifty close lower due to auto stocks, foreign fund outflows, and global market concerns.
Rupee falls against dollar on Friday due to foreign fund outflows, U.S. dollar index recovery, and weak domestic markets.
India's HVAC&R industry is booming, with AC market doubling to 15 million units, driven by sustainability and government support.
HSBC reports rapid growth in India's private sector activity, with services leading the way, indicating economic expansion.
Kerala Chief Minister Pinarayi Vijayan highlights investor-friendly initiatives and growth in investment potential at Invest Kerala Global Summit.
Equity indices decline due to foreign fund outflows, weak US markets, and tariff threats, impacting Sensex and Nifty.
Rupee expected to trade negatively due to weak equities, but cushioned by crude oil prices; influenced by RBI minutes.
S&P Global upgrades Kotak Mahindra Bank's credit rating to 'BBB' after RBI lifts operational curbs, positioning bank for growth.
Adani Green withdraws from Sri Lanka wind farm project amid tariff dispute, government open to future collaboration.
Government extends Chief Economic Adviser V. Anantha Nageswaran's tenure until March 2027, following approval by Appointments Committee of the Cabinet.
Skoda Auto Volkswagen India faces $1.4 billion tax demand for allegedly misclassifying imports, customs department warns legal action.
Benchmark indices Sensex and Nifty decline for third day due to tariff threats, weak Asian markets, and foreign fund outflows.
Rupee strengthens against the dollar, supported by weakening American currency, amid global economic uncertainties and foreign fund outflows.