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251 stories mentioning Nifty 50Updated 1d ago

India's benchmark in focus as May data showed goods and services exports up 15.8% and imports up 19% year over year.

Asia

Market Chatter: India More Than Doubles Gold, Silver Import Duties to Support Rupee Amid FX Pressure

India raised import duties on gold and silver sharply to defend the rupee and ease pressure on foreign-exchange reserves, multiple media outlets reported Wednesday, citing official orders.The government increased total import taxes to about 15% from 6%, combining a 10% basic customs duty with a 5% agriculture infrastructure and development levy, Bloomberg said citing two official orders.The move aims to cut demand in the world's second-largest bullion market and follows a rare weekend appeal from Prime Minister Narendra Modi to avoid gold purchases and cut non-essential foreign travels, the report noted.Gold ranks as India's second-largest import after crude oil, and higher import costs have widened foreign outflows, adding pressure on the rupee, which has hit record lows in recent sessions, Bloomberg said.The Reserve Bank of India has stepped up interventions in currency markets, with foreign-exchange reserves easing to $690.7 billion as of May 1, the lowest in over a month, Bloomberg reported. The RBI has also tightened rules on bank forex positions to curb speculation, it added.Markets reacted to the move, with shares of Kalyan Jewellers slipping over 2% in Wednesday's trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

India's Retail Inflation Picks Up in April

India's retail inflation edged up in April, with the Consumer Price Index (CPI) rising 3.48% in April, up from 3.40% in March, according to data released by the Ministry of Statistics and Program Implementation on Tuesday.Rural and urban inflation stood at 3.74% and 3.16%, respectively, in April.Food inflation, measured by the Consumer Food Price Index, climbed to 4.20% in April from 3.87% in March. Rural food inflation was recorded at 4.26%, while urban food inflation came in at 4.10%.Housing inflation for April was provisionally at 2.15%, with rural housing inflation at 2.65% and urban at 1.96%, data showed.

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Asia Markets

Indian Equities Extend Losses on Tuesday as Oil Fears, Weak Rupee Hit Sentiment

Indian benchmark indices extended losses on Tuesday as selling pressure deepened across sectors amid concerns over a prolonged oil shock and weak global cues.The BSE Sensex fell 1,456.04 points, or 1.9%, to close at 74,559.24, while the NSE Nifty 50 dropped 436.30 points, or 1.8%, to settle at 23,379.55.Markets saw sharp pressure as technology stocks weakened and the rupee slipped to fresh lows, adding to already fragile sentiment. Investors also stayed cautious amid uncertainty around the U.S.-Iran conflict, while expectations of prolonged disruption in crude supply kept energy-related risks elevated.Rising Brent oil prices and discussions around domestic austerity measures further weighed on risk appetite.In corporate developments, Dynamic Cables (NSE:DYCL, BOM:540795) reported a rise in fiscal Q4 profit to 241.7 million rupees from 235.6 million rupees a year earlier.JSW Steel (NSE:JSWSTEEL, BOM:500228) reported a 1% year-on-year decline in April crude steel production to 2.12 million tons, impacted by a planned shutdown at its Vijayanagar plant for expansion work.

^BSENifty 50BOM:500228BOM:540795NSE:DYCLNSE:JSWSTEEL
Asia

Market Chatter: ADB to Trim ASEAN Growth Forecasts as US-Iran War Drags On

The Asian Development Bank's (ADB) previous "early stabilization" scenario is no longer valid amid continued war in the Middle East, The Star reported Tuesday, citing ADB chief economist Albert Park's address to reporters.This prompts a revision of the earlier outlook, he reportedly said, as the conflict has stretched beyond initial expectations. Under updated projections, regional growth is now seen slowing to 4.7% in 2026 and 4.8% in 2027, while inflation forecasts have also been revised higher to 5.2% this year.Park warned that energy markets remain under pressure, with gas prices up around 30% and diesel rising even more sharply, while fertilizer costs have surged, raising risks for food and industrial supply chains. He also cautioned that prolonged disruption could keep oil prices elevated, with scenarios showing averages near $96 per barrel in 2026 and even higher in worst-case conditions, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^BSE^HNX^HOSEI^JKSEFTSE Bursa Malaysia KLCINifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Market Chatter: India Mulling Fuel Price Hike Amid US-Iran Tensions

Indian state-run refiners are mulling a modest increase in petrol and diesel prices within days as the government weighs the economic impact of the U.S.-Iran war against consumer needs, Bloomberg News reported, citing people familiar with the matter.Fuel retailers are likely to raise prices by about 5 rupees per liter to partly offset estimated daily losses of 10 billion rupees on fuel sales, the report said. However, the increase would still remain below 15 to 20 rupees per liter, a hike which is needed to fully cover losses, the sources told Bloomberg.India's energy imports have come under pressure following disruption in flows through the Strait of Hormuz, pushing up crude prices and creating shortages of cooking gas, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

Market Chatter: India Mulls Emergency Steps to Protect Foreign Reserves

India is said to be evaluating emergency steps to strengthen its foreign-exchange reserves in a bid to curb the damage caused by the surge in oil prices, according to a Bloomberg report on Tuesday, citing sources.As per the report, the Indian government is considering moves like curbing non-essential imports such as gold and electronic goods, and hiking fuel prices.The moves are expected to help shelter the economy amid the global economic turmoil caused by the Iran war.Officials in the Prime Minister's Office and Finance Ministry have held discussions with the Reserve Bank of India on possible measures to limit the damage from the rising oil prices, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia Markets

Indian Equities Extend Losing Streak on Monday as Global Cues Weigh

Indian benchmark indices fell for a third straight session on Monday as broad-based selling pressure and weak global cues dragged the market lower.The BSE Sensex dropped 1,312.91 points, or 1.7%, to close at 76,015.28, while the NSE Nifty 50 declined 360.30 points, or 1.5%, to settle at 23,815.85.Sentiment weakened amid fading hopes of U.S.-Iran talks, after the U.S. reportedly rejected Iran's peace proposal. Rising uncertainty around the West Asia conflict and its impact on global growth concerns kept investors cautious.A sharp rebound in crude oil prices moved Brent crude back above $105 per barrel as supply risks through the Strait of Hormuz persisted.In corporate developments, Canara Bank (NSE:CANBK, BOM:532483) fell nearly 4% after reporting a decline in consolidated profit in the fiscal fourth quarter to 45.7 billion rupees from 50.7 billion rupees a year earlier. Earnings per share slipped to 5.04 rupees from 5.59 rupees, even as interest income edged higher.Bajaj Electricals (NSE:BAJAJELEC, BOM:500031) also fell over 2% after appointing Ashween Anand as chief financial officer, effective May 14, according to a filing. Anand joins from Tata Starbucks, where he previously served as CFO.

^BSENifty 50BOM:500031BOM:532483NSE:BAJAJELECNSE:CANBK
Asia

Market Chatter: Novo Nordisk India Sales Jump 40% in April After Wegovy, Ozempic Price Cuts

Novo Nordisk's diabetes and obesity drug sales recorded a sharp rise in India sales in April after it reduced prices of Wegovy and Ozempic to counter growing competition from generic semaglutide therapies, Bloomberg News reported Friday, citing Pharmarack data.Sales of Wegovy, Ozempic and partner-branded products climbed 40% monthly to 32,000 units in April, which was the first full month since the Danish pharmaceutical group lowered starter-dose prices by up to 48%, the report noted.India's overall GLP-1 market expanded 56% month over month in April to 414,000 units, driven by low-cost generic semaglutide products, the report noted. Eli Lilly remained the country's top-selling GLP-1 drugmaker.Novo Nordisk did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Indian Equities Fall on Friday as Middle East Tensions Weigh on Sentiment

Indian benchmark indices ended lower on Friday as renewed geopolitical tensions in the Middle East and selling in banking stocks weighed on the market.The BSE Sensex fell 516.33 points, or 0.7%, to close at 77,328.19, while the NSE Nifty 50 declined 150.50 points, or 0.6%, to settle at 24,176.15.Sentiment remained cautious after reports of fresh clashes between U.S. and Iranian forces near the Strait of Hormuz. Investors also tracked developments around the proposed US-Iran peace deal. Iran reportedly said it is still reviewing America's latest proposal.Among stocks, State Bank of India (NSE:SBIN, BOM:500112) dropped 7% after reporting a marginal rise in consolidated Q4 profit to 196.4 billion rupees from 195.0 billion rupees a year earlier. Earnings per share slipped to 21.28 rupees from 21.96 rupees despite higher interest income.RailTel Corp. of India (NSE:RAILTEL, BOM:543265) fell 2% despite securing an order of 249.1 million rupees from The New India Assurance Company for an AI and machine learning-based fraud monitoring solution.

^BSENifty 50BOM:500112BOM:543265NSE:RAILTELNSE:SBIN
Asia

Indian Equities End Flat on Thursday as Earnings Support Offsets Weakness

Indian benchmark indices ended largely unchanged on Thursday as gains driven by earnings-related buying offset broader market weakness.The BSE Sensex fell 114.00 points, or 0.2%, to close at 77,844.52, while the NSE Nifty 50 slipped 4.30 points, or 0.02%, to settle at 24,326.65.Expectations of easing tensions between the US and Iran further supported investor sentiment. Tehran is reportedly reviewing the latest U.S. proposals aimed at ending the conflict.In corporate developments, Bharat Forge (NSE:BHARATFORG, BOM:500493) reported a decline in consolidated profit in fiscal Q4 to 2.33 billion rupees from 2.83 billion rupees a year earlier. Revenue from operations, however, rose to 20.3 billion rupees from 17.0 billion rupees.Larsen & Toubro (NSE:LT, BOM:500510) gained after its buildings and factories business secured three large orders from a real estate client for projects across three states, according to a filing. The company classifies large orders in the range of 25 billion rupees to 50 billion rupees.

^BSENifty 50BOM:500493BOM:500510NSE:BHARATFORGNSE:LT
Asia

Market Chatter: India, Vietnam Target $25 Billion Bilateral Trade by 2030

India and Vietnam are looking to increase bilateral trade to $25 billion by 2030, The Star reported Wednesday, citing Indian Prime Minister Narendra Modi.The announcement came after discussions in Delhi between Modi and Vietnamese President To Lam. The talks focused on increasing cooperation in defense, security, education, digital payment systems, and rare earth minerals.The value of trade between the two countries has doubled over the past decade to reach $16 billion, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Indian Equities Jump on Wednesday as US-Iran Deal Hopes Lift Sentiment

Indian benchmark indices ended sharply higher on Wednesday as reports of a possible U.S.-Iran deal supported global risk sentiment.The BSE Sensex rose 940.73 points, or 1.22%, to close at 77,958.52, while the NSE Nifty 50 gained 298.15 points, or 1.24%, to settle at 24,330.95.Markets advanced on expectations that the U.S. and Iran may be close to resolving their conflict, which had pushed energy prices higher in recent sessions. Hopes of easing geopolitical risks supported sentiment and helped drive broad-based buying.In economic news, Services activity in Indian strengthened in April, with the HSBC India Services PMI rising to 58.8 from 57.5, supported by firm domestic demand and e-commerce growth. New orders saw the fastest expansion in five months, aided by pricing strategies and demand for logistics and relocation services. However, export growth slowed to a five-month low amid Middle East tensions and weak tourism.In earnings news, Aditya Birla Real Estate (NSE:ABREL, BOM:500040) gained nearly 5% after reporting a profit of 108.4 million rupees in Q4, compared with a loss of 1.31 billion rupees a year earlier, according to a filing. Revenue from operations declined to 981.9 million rupees from 4.08 billion rupees.Zydus Lifesciences (NSE:ZYDUSLIFE, BOM:532321) rose over 3% after receiving seven observations from the US FDA following an inspection of its Ahmedabad facility, according to a Wednesday filing.

^BSENifty 50BOM:500040BOM:532321NSE:ABRELNSE:ZYDUSLIFE
International

India's Services Activity Accelerates in April

The seasonally adjusted HSBC India Services Purchasing Managers Index (PMI) Business Activity Index rose to 58.8 in April from 57.5 in March, as stronger domestic demand and higher e-commerce activity supported growth.A shift from international to domestic suppliers amid the Middle East conflict also boosted transport services.New orders increased at the fastest pace in five months. Firms reported gains from competitive pricing, rising e-commerce demand, and strong interest in relocation and logistics services.Exports growth slowed to a five-month low, as the war in the Middle East and weak inbound tourism weighed on international demand. The New Export Business Index fell sharply and recorded the second-lowest reading in over a year.Consumer Services led the expansion in output and new orders, followed by Transport and Information & Communication."Activity and new orders strengthened, even as new export orders eased, suggesting that demand is rotating from overseas markets to domestic consumers amid the Middle East conflict," Chief India Economist at HSBC, Pranjul Bhandari, said. "Input cost inflation moderated but remained elevated, while output price inflation stayed subdued, indicating that some firms are absorbing higher costs rather than passing them on."The HSBC India Composite PMI Output Index, which covers both manufacturing and services, rose to 58.2 in April from 57.0 in March.

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Asia

Indian Equities Slip on Tuesday as Geopolitical Tensions, Profit Booking Weigh

Indian benchmark indices ended lower on Tuesday as profit booking in financial heavyweights and renewed U.S.-Iran tensions weighed on sentiment.The BSE Sensex fell 251.61 points, or 0.3%, to close at 77,017.79, while the NSE Nifty 50 declined 86.50 points, or 0.4%, to settle at 24,032.80.Markets remained volatile through the session amid weak global cues, elevated crude oil prices, and continued uncertainty around potential U.S.-Iran talks. Investors tracked the latest set of March-quarter earnings.Among stocks, Mahindra & Mahindra (NSE:M&M, BOM:500520) gained over 3% after reporting a rise in consolidated profit to 46.7 billion rupees in fiscal Q4 from 33.0 billion rupees a year earlier. Revenue from operations increased to 549.8 billion rupees from 426.0 billion rupees.Force Motors (NSE:FORCEMOT, BOM:500033) fell nearly 2% after reporting a 4.3% year-on-year decline in total vehicle sales to 3,113 units in April.

^BSENifty 50BOM:500033BOM:500520NSE:FORCEMOTNSE:M&M
Asia

Indian Equities Gain on Monday on Election Trends, Earnings Support

Indian benchmark indices ended higher on Monday, supported by buying in heavyweight stocks, improving earnings outlook, and optimism around election trends.The BSE Sensex rose 355.90 points, or 0.5%, to close at 77,269.40, while the NSE Nifty 50 gained 121.75 points, or also 0.5%, to settle at 24,119.30.Sentiment improved as investors tracked early trends from Assembly Elections across key states of India. Expectations of political stability in the country and continuity in economic policies supported the market.Hopes of progress in U.S.-Iran peace talks also contributed to the positive tone of the markets. Iran has reportedly submitted a 14-point proposal to Pakistan to end the conflict with U.S. on all fronts.Among stocks, Bharat Heavy Electricals (NSE:BHEL, BOM:500103) surged 7% after reporting a sharp rise in consolidated profit to 12.9 billion rupees in Q4 from 5.04 billion rupees a year earlier, according to a Monday filing. Revenue from operations increased to 123.1 billion rupees from 89.9 billion rupees.HFCL (NSE:HFCL, BOM:500183) gained nearly 9% after the company and its subsidiary secured orders worth 842.3 million rupees for supply of optical fiber cables, according to a filing.Bajaj Auto (NSE:BAJAJ-AUTO, BOM:532977) rose over 1% after total vehicle sales jumped 40% year-on-year in April to 513,792 units, according to a Monday filing.

^BSENifty 50BOM:500103BOM:500183BOM:532977NSE:BAJAJ-AUTONSE:BHELNSE:HFCL
International

India's Manufacturing Activity Quickens Pace in April; Growth Remains Weak

India's manufacturing activity gathered pace in April, with the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index rising to 54.7 in April from 53.9 in March, according to data released by S&P Global on Monday.Manufacturing activity was driven by strong exports, with only mild recoveries in new business intake and production among Indian manufacturers. The rates of increase were still the second-weakest since 2022.Input costs and output charges rose at the fastest rates in 44 and six months, respectively, putting pressure on manufacturing growth."Survey participants indicated that advertising and demand resilience supported sales and production, but that growth was hampered by competitive conditions, the war in the Middle East, and a reluctance among clients to approve pending quotes," the report said.The bright spot in the scenario was the sharp expansion in export orders, which hit a seven-month high, buoyed by higher demand from clients in countries, including Australia, France, Japan, Kenya, mainland China, Saudi Arabia, the UAE, and the UK."Spillovers from the Middle East conflict are becoming more evident, particularly through inflation: input costs increased at the fastest pace since August 2022, and output prices rose at the quickest rate in six months," Pranjul Bhandari, Chief India Economist at HSBC, said. "Even so, output, new orders (including exports), and employment all grew moderately, pointing to continued resilience in India's manufacturing sector".Even as outstanding business volumes saw only a marginal rise, the rate of job creation was the strongest in ten months.The overall level of positive sentiment among manufacturers slipped since March; however, it was the second-highest since November 2024, on the hopes that marketing efforts will yield results and that pending projects will be approved.

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Asia

ADB Commits $70 Billion Investment in Asia Through 20235 to Boost Energy, Digital Infrastructure

The Asian Development Bank will inject $70 billion through 2035 to expand energy and digital infrastructure across the Asia-Pacific, with a focus on cross-border electricity trade and broader internet access.In the recent report on Monday, ADB President Masato Kanda said stronger regional connectivity will help lower costs and support growth. The bank plans to mobilize $50 billion under its Pan-Asia Power Grid Initiative to link national grids, scale up renewable energy use, and build transmission lines, substations and storage.A further $20 billion will go towards the Asia-Pacific Digital Highway, funding fibre networks, data centres and other digital systems. By 2035, the projects aim to connect 200 million people to power, widen broadband access, and generate jobs across the region, the report said.

^BSE^HNX^HOSEI^JKSEFTSE Bursa Malaysia KLCINifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Correction: Indian Finance Companies Have Ample Buffers Against Oil Shock, S&P Says

(Corrects to 'fincos' in first and second paragraphs)S&P Global Ratings expects its rated Indian finance companies (fincos) to have ample capital and earnings cushion to mitigate the effects of the oil shock, according to a recent release.Indian fincos' regulatory capital adequacy would endure even a doubling of nonperforming loans, according to S&P credit analyst Greta Chugh.However, two companies would observe significant declines and face downgrades on S&P's risk-adjusted capital basis, the analyst said.Earnings would also suffer under sharply declining asset quality, Chugh said.The rating agency's risk assessment for the sector or some companies could erode if asset quality risks are structural rather than a one-off shock.S&P does not forecast a prolonged oil shock or a major constraint on India's economic growth, but a downward scenario of a lingering shock would hit growth and employment as well as squeeze fincos' credit costs and profitability.Household repayment capacity could gradually decline amid higher inflation and less disposable income, S&P said.Stress will likely first hit small-ticket unsecured segments, commercial vehicle loans, and Microfinance, with gradual spillover effects on secured products such as vehicle loans and affordable housing, Chugh said.

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Asia

Indian Finance Companies Have Ample Buffers Against Oil Shock, S&P Says

S&P Global Ratings expects its rated Indian finance companies (finks) to have ample capital and earnings cushion to mitigate the effects of the oil shock, according to a recent release.Indian finches' regulatory capital adequacy would endure even a doubling of nonperforming loans, according to S&P credit analyst Greta Chugh.However, two companies would observe significant declines and face downgrades on S&P's risk-adjusted capital basis, the analyst said.Earnings would also suffer under sharply declining asset quality, Chugh said.The rating agency's risk assessment for the sector or some companies could erode if asset quality risks are structural rather than a one-off shock.S&P does not forecast a prolonged oil shock or a major constraint on India's economic growth, but a downward scenario of a lingering shock would hit growth and employment as well as squeeze fincos' credit costs and profitability.Household repayment capacity could gradually decline amid higher inflation and less disposable income, S&P said.Stress will likely first hit small-ticket unsecured segments, commercial vehicle loans, and Microfinance, with gradual spillover effects on secured products such as vehicle loans and affordable housing, Chugh said.

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Asia

Indian Indices Fall on Thursday as Crude Surge, Global Cues Weigh

Indian equities ended lower on Thursday as a broad-based selloff, rising crude oil prices and weak global cues weighed on sentiment.Continued foreign outflows also added pressure on the benchmarks.The BSE Sensex fell 582.86 points, or 0.8%, to close at 76,913.50, while the NSE Nifty declined 180.10 points, or 0.7%, to 23,997.55.Brent crude rose about 5% to $124 per barrel, raising concerns over inflation and growth for India, a major oil importer. The spike followed discussions by U.S. President Donald Trump with oil companies over potential supply disruptions linked to the prolonged blockade of Iranian ports.In corporate developments, Hindustan Unilever (NSE:HINDUNILVR, BOM:500696) fell nearly 3% even as it reported an increase in consolidated profit rose to 29.9 billion Indian rupees. Revenue from operations also increased to 161.7 billion Indian rupees from 149.6 billion rupees a year ago.Sun Pharma Advanced Research (NSE:SPARC, BOM:532872) declined about 4% after announcing the sale of a U.S. FDA-granted priority review voucher for $195 million. The proceeds are expected to support pipeline development and innovation strategy, the company said.

^BSENifty 50BOM:500696BOM:532872NSE:HINDUNILVRNSE:SPARC

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