Indian equity markets witnessed a powerful rally on Monday, with benchmark indices surging sharply amid improving global sentiment and hopes of easing geopolitical tensions in West Asia.
India enters an important policy week with attention centred on the country’s foreign exchange reserves, banking liquidity trends and strategic discussions with the United States.
India witnessed another sharp increase in fuel prices on Sunday as state-run oil marketing companies (OMCs) raised petrol and diesel prices for the fourth time in less than two weeks.
India’s economy continues to show resilience despite rising global uncertainty, but the ongoing tensions in West Asia are creating fresh pressure on the country’s foreign exchange reserves, Finance Minister Nirmala Sitharaman said on Monday.
Indian equity markets ended marginally lower on Thursday as investors turned cautious amid global geopolitical uncertainty, concerns around interest rates and persistent selling pressure in heavyweight sectors such as IT, FMCG and financials.
Shares of MedPlus Health Services surged sharply on Thursday after the company reported strong fourth-quarter earnings driven by healthy revenue growth.
Shares of Honeywell Automation India witnessed a sharp rally on Thursday after the company reported better-than-expected fourth-quarter earnings supported by strong margin expansion and healthy operational performance.
India’s consumer discretionary sector may be entering a more volatile phase as slowing demand, rising raw material costs and tighter financial conditions begin reshaping the outlook for retail.
Shares of Tata Capital continued to remain under pressure on Thursday, trading close to their lifetime low and slipping below the company’s IPO issue price.