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NEW DELHI: Govt has received financial bids for the strategic disinvestment of IDBI Bank, signalling progress in the stake sale process of the lender.“They will be evaluated as per the prescribed procedure,” secretary, department of investment and public asset management (Dipam), said on microblogging site X while announcing that bids have been received. He did…
MUMBAI: A tech sell-off on Dalal Street on Wednesday—that came on the back of Anthropic’s launch of a new AI-led app that could potentially challenge existing business models of Indian software exporters—wiped off about Rs 1.75 lakh crore worth of market value. The sharp slide in sector leaders like TCS, Infosys and Wipro, also left…
Gold and silver futures saw a sharp decline on Friday as traders locked in profits following Thursday’s record-breaking rally. On the MCX, silver futures fell by 3.04% while gold dropped 1.28%, influenced by bearish global markets and a stronger US dollar.The dramatic shift came after both metals had achieved historic highs the previous day. Silver…
India’s benchmark equity indices Sensex and Nifty have slipped more than 4% so far in January, dragged down by sustained foreign fund outflows, a weakening rupee, muted corporate earnings, geopolitical tensions and renewed tariff concerns, according to market data.The 30-share BSE Sensex has fallen 3,682.9 points, or 4.32%, during the month, while the 50-share NSE…
The rupee slid to an all-time low of 92 per US dollar on Friday before recovering marginally to settle at 91.88 (provisional), pressured by sustained selling from foreign funds, weak domestic equity markets and a risk-off mood in global markets, PTI reported.At the interbank foreign exchange, the domestic unit opened at 91.45 against the greenback…
US stock markets stabilised on Wednesday after a sharp sell-off in the previous session, as President Donald Trump said he would not use force to take control of Greenland, easing some investor concerns even as pockets of caution remained.The S&P 500 rose 0.3 per cent, recovering part of its 2.1 per cent decline on Tuesday,…
Pressure linked to the ‘Sell America’ narrative is unlikely to fade. (AI image) US President Donald Trump’s fresh attack on the Federal Reserve seems to have revived the ‘Sell America’ sentiment in the stock market and strategists and market experts are warning that the selloff may deepen over time if the tiff between the government…
The combined market capitalisation of seven of India’s 10 most valued companies fell by Rs 3,63,412.18 crore last week, with Reliance Industries emerging as the biggest laggard amid a broader sell-off in equities, PTI reported.The benchmark BSE Sensex declined 2,185.77 points, or 2.54 per cent, during the week, reflecting weak investor sentiment.“Indian equity markets ended…
Foreign investors have sharply pared their exposure to Indian equities in 2025, pulling out close to Rs 2 lakh crore from six key sectors, in what has emerged as one of the harshest bouts of selling seen in recent years. The scale and concentration of the exits have intensified debate on whether the pressure will…
Foreign institutional and portfolio investors have significantly reduced their Indian equity holdings, with NSE-listed stocks reaching a 15-year low after a substantial sell-off of nearly Rs 2 lakh crore in 2025, according to NSE data.The September quarter witnessed significant decline in FPI ownership of Nifty 50 and Nifty 500 companies, dropping 43 and 46 basis…
