FOREX MARKET TODAY
Gift Nifty rises nearly 200 pts, signals positive start; key trading cues for today
Indian markets experienced profit-taking in the latter half of the session due to rising geopolitical tensions, leading investors to reduce risk. Volatility was high with significant intraday swings. Analysts suggest Nifty is consolidating between 23,000 and 23,550, anticipating this trend to continue until a clear breakout. Global markets showed mixed but generally positive movements.
Gift Nifty signals a negative start; here's the trading setup for the day
Nifty closed flat on Wednesday as easing crude prices boosted domestic consumption stocks and defensive sectors. Investor sentiment is stabilizing, with hopes for a resolution to the Israel-Iran conflict improving confidence. However, Gift Nifty signals a negative start, and oil prices climbed amid escalating tensions in the Strait of Hormuz.
GIFT Nifty rises 100 points, hints at positive start; key trading cues for today
Indian markets closed higher on Tuesday, boosted by banking and financial stocks. The Reserve Bank of India's new forex swap facility eased overseas borrowing concerns. Market sentiment improved with hopes of a Middle East truce and falling crude oil prices. Investors remain watchful due to ongoing geopolitical tensions and inflation worries.
Gift Nifty hints at muted start for D-Street; key trading cues for today
Indian benchmark indices experienced a sharp sell-off on June 8, influenced by global market weakness, escalating geopolitical tensions, and rising crude oil prices. Analysts note the Nifty has approached immediate support at 23,000-23,200, a confluence of a bullish gap and retracement level. Foreign portfolio investors were net sellers, while domestic institutional investors bought shares.
Why market crashed today? Sensex plunges 719 points, Nifty closes below 23,150; 7 factors behind Rs 7 lakh crore sell-off
Indian equity markets experienced a significant sell-off on Monday, with the Sensex and Nifty declining around 1% each. This downturn was driven by a global market crash, persistent foreign institutional investor outflows, and escalating Middle East tensions, leading to a surge in oil prices and bond yields.
GIFT Nifty falls over 300 pts; here's trading setup for the day
Indian stock markets are set for a range-bound week. Investors are reacting to the RBI's updated economic forecasts and growing global risks. While measures to attract foreign capital offer support, market movements will likely depend on individual stock and sector performance. Global markets show mixed signals, with oil prices rising due to geopolitical tensions.
- Go To Page 1
To bring the world, sell India better: The $200 million fix India needs to unlock a tourism windfall
India's tourism sector faces challenges due to a near-zero overseas marketing budget. This has kept international arrivals below pre-pandemic levels, unlike competitor nations. A strategic investment in digital marketing and deregulation can unlock significant foreign exchange, job creation, and economic growth. India's tourism potential is immense, but it requires activation.
RBI MPC key takeaways: Here are the major announcements by Governor Sanjay Malhotra on GDP, inflation and repo rate
RBI Monetary Policy Committe 2026 key takeaways: The Reserve Bank of India has maintained its key repo rate at 5.25%. The central bank also kept its policy stance neutral. This decision comes as India navigates a challenging global economic landscape. The RBI remains confident in India's ability to manage these global shocks. Economic growth projections for FY26 are unchanged, while FY27 sees a slight revision.
RBI policy press conference: Here's everything that came up for discussion
The Reserve Bank of India unveiled new measures to attract deposits and bolster the economy. Governor Sanjay Malhotra discussed strategies for economic growth and inflation management. The central bank aims to draw in foreign exchange through various initiatives. These steps are designed to ensure a stable economic environment and encourage investment.
RBI MPC: A challenge Shaktikanta Das contained may be resurfacing again
India's central bank, the RBI, confronts a new inflation challenge. Rising oil prices and supply disruptions threaten to undo recent progress. Policymakers are now considering a potential rate hike. This comes as the monsoon forecast also raises concerns about food prices. The RBI's focus shifts to managing inflation expectations amidst global uncertainties.
The rupee warning: Six actions for business leaders
The Indian rupee is dipping to historic lows, approaching the 100-dollar threshold. Driven by market sentiment and a perilous cycle of foreign debt for Indian businesses, it’s imperative for corporate leaders to take immediate action. Protecting cash flow, strategising on foreign debt management and implementing stringent cost control are vital now more than ever.
Sensex tumbles over 1,100 points, Nifty below 23,200. 6 key factors behind today's D-Street rout
Indian stock markets experienced a significant downturn on Monday, with benchmark indices Sensex and Nifty falling over 1% each. Rising Iran-US tensions, persistent FII selling, and a surge in oil prices contributed to a broad-based selloff, wiping out over Rs 3 lakh crore from market capitalization. IT stocks also saw considerable losses after a recent bull run.
Dalal Street set to open lower amid sharp decline in GIFT Nifty
Indian equities faced pressure on Monday, mirroring Friday's weakness, with Nifty declining 0.7%. Analysts anticipate a range-bound market with a slight negative bias due to persistent FII selling and global uncertainties. Focus is expected to shift to stock-specific opportunities in the midcap segment.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 22%
As the market grappled with confusion over the Strait of Hormuz, there was more trouble for the bulls. After a few days of respite, another round of focused selling was visible. But market history tells us that, just like good news is priced in, even negative news gets priced in. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Can you use UPI abroad? Here’s what Indian travellers must know about charges, limits and security risks
Indian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While cheaper than cards in select countries like UAE and Singapore, UPI acceptance is uneven, and backup payment options are essential. Users must be aware of transaction limits, potential failures, and fraud risks.
Bond won't help this time: Why RBI should hike interest rate, instead of unleashing forex mobilisation schemes as in the past
Reserve Bank of India's past emergency tools for raising foreign currency are no longer effective. Global interest rates have changed the financial landscape. The article suggests that raising interest rates is now the only reliable way to protect the Indian Rupee. This move aims to make the currency more attractive and reduce import demand.
Petrol, diesel prices hiked by Rs 7.5 per litre since Iran war: Here’s how it will impact your daily life
Fuel prices are rising again, making travel and goods more expensive. This impacts transporters, supply chains, and household budgets. Oil Marketing Companies are seeing stock rallies. The government faces a challenge balancing OMCs' financial health with consumer impact. Global events continue to influence fuel costs.
Arvind Panagariya’s advice to RBI: ‘100 is just a number; let rupee depreciate or reserves will bleed out’
Arvind Panagariya, Chairman of the 16th Finance Commission, advises the Reserve Bank of India to allow the Indian rupee to weaken. He believes aggressively defending the currency with foreign exchange reserves is a losing strategy. Panagariya suggests that letting the rupee depreciate is the correct response to rising oil prices and currency pressure.
Sensex gains 560 points, Nifty above 23,800. Key factors behind today's Dalal Street rally
Indian stock markets surged in early trading, with Sensex and Nifty extending gains for a second day. A stronger rupee, falling bond yields, and positive investor sentiment fueled the rally. Broader markets and most sectoral indices also saw significant upticks, indicating a 'buy on dips' trend.
Edible oil industry body calls for boosting output, adopting modern farming amid West Asia crisis
India's edible oil imports are a significant economic concern. The Solvent Extractors' Association of India urges increased domestic oilseed production and smarter consumption. These steps are vital for national economic and strategic resilience. The industry seeks policy support to navigate global disruptions and currency fluctuations. Focusing on self-sufficiency offers a path to avoid future crises.
Rupee plunges for eighth straight session, breaches 96.60 vs USD on rising crude, US yields
The Indian rupee has reached a historic low against the US dollar. This decline is driven by escalating oil prices due to the Iran conflict and higher US Treasury yields. India's trade deficit is widening, and inflation is accelerating. The nation faces challenges in lowering its current account deficit and attracting capital. These pressures are impacting the economy significantly.
India's shock absorbers are not working
India's external sector faces unprecedented pressure. Shock absorbers that previously aided recovery have weakened simultaneously. This includes shifts in Yen funding, AI's impact on EM allocation, and reversing passive globalisation. Stable trade architecture is fragmenting, and secure Gulf energy flows are challenged. India's reliance on financing deficits, not eliminating causes, is a core issue.
These large- mid- and small-cap stocks have an upside potential of up to 31% in 1 year, according to analysts
As nothing can be ruled out on the street, be prepared for anything. Now, what is the probability that the bears will be chased away from the market in the next couple of weeks? The optimist will say that there has been no negative news from the Gulf region. There are even reports that some ships have been able to cross the Strait of Hormuz without any trouble. But the pessimist will say that it is just the lull before the storm and that the region’s troubles are far from over. The reality is that no one can say anything with certainty.
India rolls out new gold math with import duty hike. Who will foot the bill?
India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange reserves amid rising risks from the Middle East conflict. The move follows Prime Minister Narendra Modi’s appeal to avoid unnecessary gold purchases and foreign travel.
Hindustan Zinc shares surge 5% as silver prices near Rs 3 lakh/kg after import duty hike; Vedanta shares jump 4%
Government has raised import duties on gold and silver to 15 percent. This move has caused precious metal prices to surge. Hindustan Zinc and Vedanta shares saw significant jumps following the announcement. The government aims to curb imports and stabilize the rupee. Hindustan Zinc, India's largest silver producer, is expected to benefit from higher silver prices.
The 2013 ghost returns: Will higher gold duties actually restrict imports or just fuel the grey market?
India’s shock hike in gold and silver import duty to 15% has revived memories of the 2013 crisis. While the move aims to curb dollar outflows and stabilise the rupee, experts warn it may simply push more demand into the grey market, with limited impact on India’s structural gold appetite.
Sensex dips 3,400 points in 4 days. Is this the beginning of a bigger crash?
Indian equity markets fell for a fourth straight session as rising crude oil prices, geopolitical tensions, FII selling, and a record-low rupee triggered sharp losses across benchmark, midcap, and smallcap indices. Analysts warned volatility may persist unless global tensions ease and inflation concerns stabilise.
Oil shock rattles D-Street as rupee hits record low
The rupee hit a new closing low and equities slumped as oil prices surged past $100 a barrel. This was driven by Donald Trump's rejection of Iran's peace plan and PM Modi's call for austerity to conserve foreign exchange reserves and curb fuel consumption amid ongoing Gulf war concerns.
Madhavi Arora flags prolonged energy shock, warns of structural shift in global oil markets
Global energy markets are experiencing prolonged stress. High crude oil prices and geopolitical risks are impacting India's economy. Policymakers are focusing on external balance and currency management. Fuel prices may see a gradual increase. The government's fiscal book is already strained by energy shocks. Market participants await further policy actions.
Load More
