Markets decline in early trade after record-breaking rally last week
The Hindu
Benchmark equity indices declined in early trade on Monday after a record-breaking rally last week as investors went in for profit-taking amid a largely weak trend in Asian markets.
Benchmark equity indices declined in early trade on Monday after a record-breaking rally last week as investors went in for profit-taking amid a largely weak trend in Asian markets.
Snapping its three-day rally, the 30-share BSE Sensex declined 341.46 points to 71,142.29. The Nifty dipped 65.30 points to 21,391.35.
Among the Sensex firms, ITC, ICICI Bank, Mahindra & Mahindra, IndusInd Bank, Axis Bank and UltraTech Cement were the major laggards.
Sun Pharma, Reliance Industries, Titan and Bajaj Finance were among the gainers.
In Asian markets, Tokyo, Shanghai and Hong Kong quoted lower while Seoul traded in the green.
The US markets ended mostly with gains on Friday.
Global oil benchmark Brent crude climbed 0.46% to $76.90 a barrel.
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Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
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