Sensex, Nifty end marginally up amid recovery in global markets
The Hindu
Sensex settled up 16.17 points at 53,177.45; Nifty gained 18.15 points to 15,850.20
Benchmark stock indices Sensex and Nifty rebounded from early lows to close marginally up on Tuesday following fag-end buying in energy, IT and auto stocks and a recovery in global equities.
Posting gains for a fourth session in a row, the 30-share BSE Sensex settled up 16.17 points or 0.03% at 53,177.45. During the day, it had declined 389.75 points or 0.73% to 52,771.53.
The NSE Nifty gained 18.15 points or 0.11% to 15,850.20.
In the Sensex pack, Mahindra & Mahindra, Reliance Industries, Dr Reddy's Laboratories, Tech Mahindra, Tata Steel and Larsen & Toubro were among the gainers.
Titan, Asian Paints, Bajaj Finserv, Kotak Mahindra Bank and ICICI Bank were among the major laggards.
Elsewhere in Asia, markets in Tokyo, Shanghai, Seoul and Hong Kong bounced back after initial decline and ended with gains.
European markets were trading in the green in mid-session deals.
India’s manufacturing sector underperforms compared to China and South Korea, partly due to public sector wages that raise costs and reduce competitiveness.
Non-Resident Indians (NRIs) from the Gulf Cooperation Council (GCC) region, once prominent investors in the Indian equity market are seen shying away due to rupee depreciation and have moved to global funds, said a top financial services executive.
Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.
In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.
Indian stock markets closed lower amid volatility, with key firms lagging as global trends influenced trading activity.
Bharti and Warburg Pincus invest in Haier India, acquiring a 49% stake to enhance growth and innovation in consumer durables.
India's net FDI remains negative for October 2025, with outflows surpassing inflows amid trade deal uncertainties.
Bombay High Court halts fraud notices to Anil Ambani, questioning banks' compliance and the audit's validity.
Explore the key business events that defined India in 2025, from trade wars to regulatory reforms and corporate expansions.
The rarely-used eight-unit Fisk power plant owned by Houston-based NRG Energy was scheduled to retire next year. But then came from artificial intelligence.
The rupee gains 12 paise to 89.51 against the U.S. dollar, buoyed by RBI's liquidity support.
In a recent conversation with Dwarak Rajagopal, Head of AI Research at Snowflake, what stood out was not optimism or scepticism, but maturity.
Explore how India's export landscape is increasingly dominated by a few states, revealing regional disparities and structural challenges.