Markets pare early losses to trade higher amid rally in Asian markets
The Hindu
Equity indices rebounded on Thursday with gains in IT stocks and Asian markets, despite early morning losses.
Equity benchmark indices Sensex and Nifty pared all the losses to trade higher early on Thursday (January 23, 2025) following buying in IT stocks and a rally in Asian markets.
The 30-share BSE Sensex opened on a negative note to plunge 202.87 points, or 0.26%, to 76,202.12 in the morning trade. On the similar lines, NSE Nifty also fell 64.7 points, or 0.27%, to 23,090.65.
However, BSE benchmark soon recovered the losses and rose 152.54 points, or 0.20%, to trade at 76,557.53 while Nifty went up 37.10 points, or 0.16%, to 23,192.45.
Among the Sensex shares, Zomato, UltraTech Cement, Tech Mahindra, Mahindra & Mahindra, Sun Pharmaceutical, Infosys, Tata Motors, Bajaj Finserv, and ITC were among the gainers.
Hindustan Unilever, Nestle India, State Bank of India, Axis Bank, HCL Technologies, Adani Ports, and Reliance Industries were among the laggards.
In Asian markets, Tokyo, Shanghai and Hong Kong were trading in positive territory while Seoul was quoting in the negative.
U.S. markets ended higher in overnight deals on Wednesday (January 22, 2025).
RBI to launch a two-month campaign in January 2026 to address pending grievances with the Ombudsman for improved customer service.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
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.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.