336 stories mentioning Nifty 50Updated 2d ago
India's benchmark in focus as May data showed goods and services exports up 15.8% and imports up 19% year over year.
India's bank credit grew 17.7% year over year in the fortnight ended May 31, according to data from the Reserve Bank of India on Friday.Outstanding bank loans stood at 215.2 trillion rupees.Meanwhile, deposit growth stood at 12.2%, with outstanding bank deposits as of May 31 at 260 trillion rupees.
India's foreign exchange reserves fell by $711 million to $681.6 billion for the week ended June 5, according to the Reserve Bank of India on Friday.This compares with a $938 million increase recorded in the previous week.Foreign currency assets, the largest component of the reserves, fell by $2.7 billion to $543.4 billion, while gold reserves increased by $1.98 billion to $114.6 billion.
India's annual retail inflation accelerated to 3.93% in May, according to data from the Ministry of Statistics and Programme Implementation (MoSPI) released Friday.The reading was lower than the consensus forecast of 4% tracked by Investing.com, and compared with the 3.48% pace recorded in the previous month.Food inflation, measured by the Consumer Food Price Index, rose to 4.78% from 4.2% the prior month, while housing inflation edged down to 2.12%.
Indian benchmark indices rallied on Friday, with the Sensex and Nifty posting their strongest gains in several sessions as optimism surrounding a potential U.S.-Iran agreement and a sharp decline in crude oil prices lifted investor sentiment.The BSE Sensex jumped 1,695.40 points, or 2.3%, to close at 75,527.95, while the NSE Nifty 50 advanced 461.30 points, or 2%, to settle at 23,622.90.Sentiment improved after U.S. President Donald Trump said that negotiations with Iran were nearing completion. Reports indicating that a deal could be finalized in the coming days raised expectations of the reopening of the Strait of Hormuz, easing concerns over global energy supplies. This resulted in a sharp decline in crude oil prices, which further supported risk appetite.On the economic front, the World Bank raised its 2026 growth forecast for India to 6.6% from 6.5%, citing resilient domestic demand, strong rural consumption, and improving urban demand.In corporate developments, Alembic Pharmaceuticals (NSE:APLLTD, BOM:533573) received final approval from the U.S. Food and Drug Administration for its generic version of Retin-A Cream, used in the treatment of acne vulgaris.Tata Motors Passenger Vehicles (NSE:TMPV, BOM:500570) is set to increase vehicle prices by up to 1.5% from July as it seeks to offset rising input costs, according to Reuters reports.
The Indian government has restricted commercial consumers from buying fuel from retail stations due to the global fuel shortage amid the war in the Middle East, according to a Reuters report on Thursday, citing a government order.The government has also imposed limits on daily diesel purchases to prevent shortages in the domestic market.As per the report, the order directed retail fuel station dealers to cap the sale of diesel at 200 liters per customer or vehicle a day, adding that customers cannot resell the diesel.The move is seen as a crackdown on commercial customers, like trucking companies, that have been purchasing diesel from outlets owned by state-run oil marketing companies, which sell fuel cheaper than at the bulk supply points. This has led to shortages at retail pumps in some areas, the report said.The order specified that the measures will remain in force for an initial period of up to 90 days unless revoked earlier through a separate order.(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.)
Reliance Industries (NSE:RELIANCE, BOM:500325), Vedanta (NSE:VEDL, BOM:500295) and Adani Group have expressed interest in setting up rare earth processing facilities in Andhra Pradesh, India, Reuters reported on Thursday, citing people familiar with the matter.The companies are among about 10 firms exploring opportunities in the state, the report noted.Reuters said Andhra Pradesh is seeking cabinet approval for its proposed rare earth corridor policy, which is expected within a month. The state will reportedly invite bids for such projects after securing cabinet approval.The move comes as India seeks to strengthen domestic rare earth processing capabilities and reduce reliance on imports of critical minerals, Reuters reported.Rare earth elements are key inputs in permanent magnets used in electric vehicles and various industrial applications.(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.)
The World Bank raised its economic growth forecast for India, citing resilient domestic demand, strong rural consumption and a recovery in urban demand that helped sustain economic activity early this year despite heightened geopolitical uncertainty.In its latest Global Economic Prospects report released Thursday, the international organization said it expects India's gross domestic product to expand 6.6% in 2026, slightly higher than its 6.5% forecast in January.The latest outlook nevertheless marks a slowdown from the 7.7% GDP growth recorded in 2025, reflecting softer private demand growth amid elevated energy prices and higher input costs.GDP growth is projected to accelerate to 7.2% in 2027 before easing to 7.0% in 2028, supported by strengthening domestic demand and a pickup in exports.
The World Bank trimmed its 2026 growth forecasts for Japan and China on Thursday, citing rising energy prices, disrupted trade, and weakening demand stemming from the conflict in the Middle East.Global growth is forecast to slow to 2.5% in 2026, down from 2.9% in 2025, the weakest pace since the onset of the COVID-19 pandemic, according to the organization's June 2026 Global Economic Prospects report.The World Bank cut its 2026 growth forecast for Japan to 0.7% from its January estimate of 0.8% as rising energy prices weigh on consumption and exports. In 2025, the economy grew by an estimated 1.1%.GDP growth is expected to recover modestly to 0.9% in 2027 before easing again to 0.8% in 2028 as domestic demand improves on the back of lower inflation and higher wages.Meanwhile, growth in East Asia and the Pacific is projected to moderate to 4.2% in 2026 from 5% in 2025, with China's deceleration driven by subdued domestic demand amid low consumer confidence, the continued property sector adjustment, and a soft labor market, the World Bank said.Growth in China is projected to ease to 4.2% in 2026 from the estimated 5% increase in 2025. The latest forecast is down from the 4.4% estimate the World Bank issued in January.Momentum is expected to accelerate to 4.3% in 2027 before decelerating again in 2028 to 4.2%, "as energy prices ease while diminishing returns to capital, high debt, and demographic pressures continue to lower China's potential growth."Elsewhere, in South Asia, growth is projected to soften to 6.3% in 2026 from 7% in 2025, mainly reflecting the adverse impact of the Middle East conflict, including shortages of energy and agricultural products that put upward pressure on energy and food prices, according to the World Bank.However, the latest forecast for the region was up from 6.2% in January.Growth in India is projected to moderate to 6.6% in fiscal year 2026/27 from 7.7% in 2025, reflecting a slowdown in private demand growth as a result of higher energy prices and other input costs, though a reduction in Goods and Services Tax rates is expected to provide some support for consumer spending.In January, the World Bank estimated India's GDP growth for 2026 at 6.5%."Developing countries have faced a series of challenges over the last decade," said Ajay Banga, President of the World Bank Group."In response to the current shock, we are providing liquidity where it is needed now - and we are ready with additional financing, guarantees, and private-sector solutions if pressures deepen. Our job is to help countries steady the ship, keep reforms moving, and emerge stronger on the other side."Brent crude oil prices are projected to average $94 a barrel in 2026, 36% above 2025 levels, assuming that shipping through the Strait of Hormuz remains severely disrupted through July, the World Bank said.The institution warned that if energy supply disruptions prove more severe than currently assumed and are exacerbated by substantial financial stress, global growth could fall to 1.3% in 2026, with inflation forecast to rise to 4.4%.
The World Bank marginally raised its 2026 economic growth forecast for South Asia due to better than expected export growth and domestic demand in several economies.In its latest Global Economic Prospects released Thursday, the international organization revised its growth estimate for the region to 6.3% from 6.2% in January.Despite the revision, the development lender noted that growth in 2026 would soften from the 7.1% estimated for 2025 as markets reel from disruptions to commodities and international trade amid the Middle East conflict.Once the conflict subsides, the lender estimates that growth in the region would accelerate to an average rate of 7% per year in 2027-28.
With the war in the Middle East driving up inflation in global economies, Asian economies are at risk of stagflation, Nikkei Asia reported Thursday, citing Asian Development Bank President Masato Kanda.As inflation pressures mount, "There is now a risk of stagflation spiral" due to "declines in demand through lower real wages, and increases in debt burdens from higher interest rates," Kanda told the news outlet on the sidelines of Nikkei's annual Future of Asia forum.According to Kanda, higher shipping, energy, and input costs will lead to a further rise in consumer prices in Asia. There was a risk that the supply chain system would "physically stop functioning," he said.Asian countries are especially impacted by the energy crisis arising from the Middle East war, as they are highly dependent on energy imports that come in through the Strait of Hormuz, the report added."In addition to diversification of the destination of oil and gas, accelerated use of renewable energy and safe nuclear power, as well as stronger energy saving, should have been promoted," Kanda 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.)
Indian benchmark indices closed lower on Thursday after a choppy session, as persistent geopolitical uncertainty in the Middle East weighed on investor sentiment.The BSE Sensex declined 150.63 points, or 0.2%, to settle at 73,832.55, while the NSE Nifty 50 fell 53.35 points, or also 0.2%, to close at 23,161.60.Markets remained largely range-bound through the day, but selling pressure in technology stocks and lack of buying support from heavyweight counters pulled indices lower in late trade.Escalating conflict in the Middle East, where continued U.S. military strikes on Iran and retaliatory actions across the region, affected market sentiment negatively as hopes of a peace deal faded. Fears of prolonged disruption to key shipping routes through the Strait of Hormuz added to investor caution.In corporate developments, Tata Consultancy Services (NSE:TCS, BOM:532540) announced a partnership with Anthropic to accelerate enterprise adoption of artificial intelligence. The collaboration includes the creation of a dedicated unit focused on building industry-specific AI solutions using Anthropic's Claude models.L&T Technology Services (NSE:LTTS, BOM:540115) also entered a strategic partnership with Databricks to develop industrial AI solutions for sectors such as energy, petrochemicals, and heavy industries, combining engineering capabilities with advanced data platforms.
Indian banks have raised interest rates on foreign currency non-resident bank deposits following recent regulatory changes by the Reserve Bank of India to attract overseas capital, Bloomberg reported on Wednesday.According to the report, Yes Bank (NSE:YESBANK, BOM:532648) and AU Small Finance Bank (NSE:AUBANK, BOM:540611) are offering rates of up to 7.1% to non-residents on five-year deposits.State Bank of India (NSE:SBIN, BOM:500112) and HDFC Bank (NSE:HDFCBANK, BOM:500180) are offering as much as 6% for the same tenure.The move follows measures announced by the central bank last week that give banks greater flexibility to offer higher rates on foreign-currency deposits as policymakers seek to attract foreign inflows and support the rupee, Bloomberg 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.)
Carlyle Group has sought investment banks' advice on a potential initial public offering of its healthcare billing services platform in India, Bloomberg reported on Wednesday, citing people familiar with the matter.The platform was created through the merger of Knack RCM and EqualizeRCM, two U.S. healthcare revenue cycle management providers Carlyle acquired in May.Bankers are set to hold presentations this week, with the valuation and size of the proposed offering yet to be finalized, the report said, citing the sources.Carlyle 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.)
Indian benchmark indices finished on a mixed note on Wednesday after giving up much of their intraday gains, as rising geopolitical tensions and higher crude oil prices curbed investor appetite for risk.The BSE Sensex gained 64.42 points, or 0.1%, to close at 73,983.18, while the NSE Nifty 50 fell 27.15 points, or also 0.1%, to settle at 23,214.95.Market volatility remained elevated as investors reacted to renewed hostilities between the United States and Iran. Reports of missile and drone attacks on U.S. military bases in the region heightened concerns over a broader escalation, prompting caution across Asian markets.Crude oil prices rose about 1% during the session, adding to worries about inflationary pressures and the potential impact on India's import bill.In corporate developments, NTPC Green Energy (NSE:NTPCGREEN, BOM:544289) said its wholly owned subsidiary, NTPC Renewable Energy, will develop a 250 MW solar power project integrated with a battery energy storage system in Uttar Pradesh. The project will supply power to defense establishments in the state.Hindustan Zinc (NSE:HINDZINC, BOM:500188) signed a memorandum of understanding with Sulfozyme Agro India under its Zinc Industrial Park initiative in Rajasthan. The agreement aims to support the processing of zinc-based materials into value-added products.
Asia-Pacific's aluminum smelters should maintain robust margins amid higher metal prices due to a narrower supply of global primary aluminum, Fitch Ratings said in a recent release.The rating agency expects low-cost firms in China, India, and Indonesia to gain the most due to controlled cost inflation amid their integrated raw material framework and relatively steady power costs.Aluminum prices have increased about 20% since the start of the Middle East conflict, leading to tighter global primary aluminum supply.Fitch believes Asia-Pacific smelters that can retain output and control costs will see a boost in earnings and cash flow under rising aluminum prices.The region's producers are less exposed to imported gas and spot raw material volatility, giving them clearer advantages compared to global peers, Fitch said.
Indian benchmark indices closed higher on Tuesday, breaking a two-session losing streak, as banking stocks advanced and improved geopolitical sentiment supported risk appetite.The BSE Sensex gained 394.50 points, or 0.5%, to close at 73,918.76, while the NSE Nifty 50 rose 119.10 points, or also 0.5%, to settle at 23,242.10.Market sentiment improved after signs of a pause in hostilities between Iran and Israel reduced concerns over a broader regional conflict. Lower crude oil prices also provided relief to investors. Iran and Israel reportedly agreed to halt attacks after diplomatic efforts led by the United States.In corporate developments, Muthoot Capital Services (NSE:MUTHOOTCAP, BOM:511766) said it completed a securitization transaction that raised 851.1 million rupees through the assignment of receivables worth 905.5 million rupees. The company said the deal was its second securitization transaction in fiscal 2027.RateGain Travel Technologies (NSE:RATEGAIN, BOM:543417) announced a partnership with ZentrumHub to enhance hotel distribution connectivity. The collaboration will integrate RateGain's Smart Distribution platform with ZentrumHub's infrastructure to simplify connections between hotels, travel sellers and distribution partners across global markets.
Digital insurance firm ACKO Technology & Services seeks to file draft papers for its planned initial public offering of about $300 million by September, targeting around $2 billion valuation, Mint reported Tuesday, citing two people familiar with the matter.The draft red herring prospectus is likely to be filed with the Securities and Exchange Board of India between August and September, with a potential listing by the end of the financial year if market conditions remain supportive, the report noted.The company has appointed ICICI Securities, Kotak Mahindra Capital and Morgan Stanley's India unit as book-running lead managers for the proposed share sale, Mint said it had reported in April.(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.)
Sovereign and financial institutions have been the major anchors of India's sustainable bond market issuance since 2023, S&P Global Ratings said in a recent release.Meanwhile, corporate issuers flock to alternative funding sources, including those from local banks and policy-linked entities such as the Indian Renewable Energy Development Agency, which they deem more attractive, S&P said.Issuance costs and a volatile pricing premium define corporate issuers' cost-benefit analysis, S&P credit analyst Luis Solis said.Following peaks from 2023 to 2024, India's sustainable bond issuance dropped to about $2 billion in 2025, with 62% being green bonds and 38% being social bonds, the rating agency said.The dynamic points to a rising disconnect between market activity and the country's reported $250 billion yearly climate financing needs, S&P said.Low sustainable issuance stems from a change in appetite as labeled bonds are no longer considered to have a clear benefit compared to other borrowing sources, the rating agency said.Targeted tax incentives could improve the sustainable bond market and put a stop to the decline in sustainable bond issuance, the analyst said.Without these backing measures, the country's energy transition would mainly rely on equity financing, commercial bank loans, and traditional unlabeled corporate debt rather than direct corporate labeled bond issuances, in S&P's view.
Instant delivery platform Zepto has filed an updated draft red herring prospectus for its proposed initial public offering, according to the prospectus filed on Monday.The offering comprises a fresh issue of equity shares aggregating up to INR80.1 billion and an offer for sale of around 113.5 million shares by existing shareholders.The company is also evaluating a pre-IPO placement of up to 16.02 billion rupees.Selling shareholders include Nexus Ventures VI Holdings, Nexus Ventures VII Holdings, Contrary ZEP Holdings, Razor Ventures Zepto, Kaiser Foundation Hospitals, and Kaiser Permanente Group Trust.Axis Capital, Motilal Oswal Investment Advisors, JM Financial, IIFL Capital Services, and the Indian units of Morgan Stanley, HSBC and Goldman Sachs India are acting as book-running lead managers to the issue, according to the prospectus.Bloomberg reported that Zepto could begin investor roadshows as early as next month and is targeting a July listing that may raise up to $1 billion, citing people familiar with the matter.The rapid-commerce company was valued at $7 billion in its latest funding round in October 2025, according to the report.
India's central bank increased its commitments to deliver dollars in May as part of efforts to support the local currency, Bloomberg reported Monday.The Reserve Bank of India's net-short dollar book, a measure of forward-market commitments, rose sharply to about $110 billion to $115 billion last month from $95.3 billion in April, the report said, citing people familiar with the developments.The RBI's intervention intensified after the rupee weakened to a record low on May 20, though the currency finally received some breathing room after the government scrapped taxes on overseas investment in the country's bonds.The move, announced recently, spurred the largest inflow in almost a year to India's index-eligible bonds, 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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