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The Reserve Bank of India actively intervened to bolster the rupee on Thursday, yet it ultimately closed weaker. Despite initial strength following the central bank's presence, the currency succumbed to later moderation and foreign portfolio investor outflows. Traders anticipate continued volatility, with US non-farm payroll data eyed for Friday.
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News and Media
Nifty 50 companies are projected to see single-digit year-on-year growth in revenue and net profit for the December quarter. Analysts anticipate a recovery driven by policy support and domestic demand, with operating margins expected to remain above 20% for the 13th consecutive quarter.
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News and Media
Indian exporter shares fell sharply. Donald Trump's support for a bill proposing 500% tariffs on Indian imports caused panic. This could significantly increase existing tariffs. Textile, apparel, seafood, and drug makers saw their shares drop. Experts advise caution and focusing on domestic companies. Clarity on the tariffs is awaited.
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News and Media
India may introduce incentive packages totaling up to 23,000 crore in the union budget for FY 2026-27 to boost domestic manufacturing of high-value capital goods. Schemes for construction equipment and automotive sectors are nearing finalization, aiming to reduce import reliance and strengthen global value chains.
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News and Media
Market expert Gurmeet Chadha has raised concerns about unverified news spreading on social media. He warns that such information, especially around market expiry days, can lead to chaotic trading and pose risks to the entire financial system. Chadha highlighted recent false reports about Russian oil shipments and Chinese contractors.
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News and Media
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