Stock markets fall in early trade on weak global trends
The Hindu
Equity benchmark indices began the trade on a weak note on May 24 following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the U.S. Federal Open Market Committee (FOMC) meeting minutes.
Equity benchmark indices began the trade on a weak note on May 24 following a bearish trend in the global markets as investors preferred to remain on the sidelines ahead of the release of the U.S. Federal Open Market Committee (FOMC) meeting minutes.
Halting a three-day rally, the 30-share BSE Sensex fell 251.26 points to 61,730.53. The NSE Nifty declined 78.3 points to 18,269.70.
Among the Sensex firms, ICICI Bank, HDFC Bank, HDFC, Mahindra & Mahindra, Bajaj Finserv, UltraTech Cement, Asian Paints and Tata Motors were the major laggards. Power Grid, Kotak Mahindra Bank, Maruti Suzuki India, Tech Mahindra, ITC and NTPC were among the winners.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower. The U.S. market ended in the negative territory on May 23. Market participants are waiting for the release of the FOMC meeting minutes, scheduled for Wednesday.
Meanwhile, global oil benchmark Brent crude climbed 0.91% to $77.54 a barrel. Foreign Institutional Investors (FIIs) were buyers on Tuesday as they bought equities worth ₹182.51 crore, according to exchange data.
The BSE benchmark settled at 61,981.79, a marginal gain of 18.11 points or 0.03% on Tuesday. The Nifty went up by 33.60 points or 0.18% to end at 18,348.
"The U.S. debt ceiling impasse continues to affect markets. Since failure to reach a resolution will have catastrophic consequences for the global economy and markets, a resolution of the crisis at the eleventh hour is the most likely scenario. But markets will be on tenterhooks till then," said V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.
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.