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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.

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International

Indian Government Proposes Changes to Industrial Output Index to Expand Coverage

The Indian government is set to implement changes to the Index of Industrial Production (IIP), aimed at wider sectoral coverage, a revamped item basket, chain-linked indices, and methodological improvements to better capture the data, according to a statement on Monday.The proposed changes are part of the new IIP series with base year 2022-23, recommended by the Technical Advisory Committee on Base Year Revision of the All-India Index of Industrial Production (TAC-IIP), constituted by the Ministry of Statistics and Programme Implementation (MoSPI) in September 2024.The panel has recommended adopting a chain-linked approach alongside the fixed-base IIP framework, in a major shift in methodology. It said annual updating of weights would reduce substitution bias and better capture structural changes in industrial production."By incorporating recent information into the weighting structure, the chain-based method improves the accuracy and relevance of the index and provides a more realistic measure of industrial growth," the panel said.The panel has also proposed expanding the scope of the industrial output index to include minor minerals, rare earth minerals, gas supply, water supply, sewerage, and waste management activities.The new series also introduces greater granularity through sub-indices, including separate indices for electricity generated from renewable and non-renewable sources.The TAC-IIP recommended revising the IIP base year from 2011-12 to 2022-23 to align it with other macroeconomic indicators such as gross domestic product, consumer price index, and wholesale price index.The revised series will have an updated item basket comprising 1,042 products mapped to 463 item groups, in aligment with with the National Industrial Classification.The report pointed out that regular revisions of the base years of economic indicators like IIP are "essential to ensure that they remain representative of current industrial activity and continue to accurately reflect evolving economic realities".The first release of the revised IIP series is scheduled for June 1 and will provide index values from April 2023 onwards, including the quick estimates for April.

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Asia

Indian Equities Rally on Monday as Falling Oil Prices Boost Risk Appetite

Indian benchmark indices surged on Monday, gaining more than 1%, as a sharp decline in crude oil prices improved investor sentiment and triggered broad-based buying across sectors.The BSE Sensex climbed 1,073.61 points, or 1.4%, to close at 76,488.96, while the NSE Nifty 50 advanced 312.40 points, or 1.3%, to settle at 24,031.70.Market sentiment strengthened after Brent crude prices dropped more than 5% to trade below $98 per barrel amid growing optimism over a possible agreement between the U.S. and Iran. The decline in oil prices supported risk appetite across segments.Among individual stocks, Blue Jet Healthcare (NSE:BLUEJET, BOM:544009) jumped nearly 10% despite reporting a decline in fiscal fourth-quarter consolidated profit to 643.4 million rupees from 1.10 billion rupees a year earlier. Revenue from operations also fell to 2.35 billion rupees from 3.40 billion rupees.Cyient (NSE:CYIENT, BOM:532175) rose nearly 2% after announcing that its subsidiary Cyient Semiconductors will raise up to $30 million from funds managed by EAAA India Alternatives and affiliated co-investors. The transaction includes equity investment and structured debt funding.

^BSENifty 50BOM:532175BOM:544009NSE:BLUEJETNSE:CYIENT
Asia

Market Chatter: Indian Retailers Raise Fuel Prices for the Third Time in May as Global Prices Remain High

As the global crude oil prices remain high, Indian state-owned fuel retailers have raised petrol and diesel prices for the third time this month, according to a Reuters report on Saturday, quoting local dealers.After the first price increase in four years on May 15, the price of fuel ​has been hiked by around 5 rupees, as the Iran war has disrupted global oil supply, the report said.State-run Indian Oil Corporation (NSE:IOC, BOM:530965), Hindustan Petroleum Corporation (NSE:HINDPETRO, BOM:500104) and Bharat Petroleum Corporation (NSE:BPCL, BOM:500547), together control more than 90% of the country's over 103,000 fuel stations.They usually fix the rates of diesel and petrol in line with each other, and until recently, had not raised gasoline and diesel prices since April 2022.As per the report, the Indian oil ministry has said that the government currently has no plans to provide financial support for refiners.(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.)

^BSENifty 50BOM:500104BOM:500547BOM:530965NSE:BPCLNSE:HINDPETRONSE:IOC
Asia

Indian Equities End Higher on Friday as Banking Stocks Lift Sentiment

Indian benchmark indices closed higher on Friday, supported by gains in heavyweight banking stocks.The BSE Sensex rose 231.99 points, or 0.3%, to close at 75,415.35, while the NSE Nifty 50 gained 64.60 points, or also 0.3%, to settle at 23,719.30.Investor sentiment remained mixed as Brent crude oil prices climbed more than 2% to trade above $105 per barrel amid continued uncertainty over a potential U.S.-Iran agreement.Meanwhile, the Indian rupee extended its recovery against the U.S. dollar, strengthening to 95.7 after touching a record low of 96.96 earlier in the month. Market participants continued to track intervention measures by the Reserve Bank of India aimed at stabilizing the currency.In earnings news, Minda Corp. (NSE:MINDACORP, BOM:538962) surged nearly 8% after fiscal fourth-quarter consolidated profit rose sharply to 1.25 billion rupees from 520.3 million rupees a year earlier.Sun Pharmaceutical Industries (NSE:SUNPHARMA, BOM:524715) declined over 2% despite reporting a higher fiscal fourth-quarter consolidated net profit of 27.1 billion rupees, compared with 21.5 billion rupees a year ago.Suzlon Energy (NSE:SUZLON, BOM:532667) gained nearly 2% after receiving a repeat 195 MW order from Sunsure Energy for a project in Karnataka, the company said in an exchange filing on Friday.

^BSENifty 50BOM:524715BOM:532667BOM:538962NSE:MINDACORPNSE:SUNPHARMANSE:SUZLON
International

Market Chatter: RBI Not Keen on Interest Rate Hike to Help Weak Indian Rupee

The Reserve Bank of India is not in favor of raising the interest rates to take the weakening Indian rupee, according to a Reuters report on Friday, quoting sources.The central bank is reinforcing that inflation will guide its policy on interest rates, rather than currency. It could adopt other measures, including dollar deposit schemes for non-resident Indians and tax changes for debt investors, the report said."There doesn't seem to be an urgent need for the central bank to jump into rate hikes," said one of the sources cited in the ​report.India's rupee ​has fallen nearly 6% to a record low of nearly 96.96 rupees per dollar on Thursday, since the Iran war began late in February.The RBI's Monetary Policy Commission, which will next meet on June 5 to decide on the interest rates, held consultations with economists on Thursday, 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

Indian Equities End Flat on Wednesday as Profit Booking Erases Early Gains

Indian benchmark indices closed largely unchanged on Thursday after surrendering most of their early advances, as profit booking at higher levels capped gains despite positive opening momentum.The BSE Sensex fell 135.03 points, or 0.2%, to close at 75,183.36, while the NSE Nifty 50 slipped 4.30 points, or 0.02%, to settle at 23,654.70.Markets opened sharply higher and extended gains in early trade, supported by heavyweight stocks. However, sentiment turned cautious through the session amid persistent foreign fund outflows and continued weakness in the Indian rupee.In economic data news, the HSBC Flash India Composite Output Index eased to 58.1 in May from 58.2 in April, reflecting a moderation in growth across manufacturing and services activity.In corporate developments, JSW Cement (NSE:JSWCEMENT, BOM:544480) surged nearly 6% after fiscal fourth-quarter consolidated profit climbed to 3.71 billion rupees from 342.2 million rupees a year earlier.Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921) gained over 1% after agreeing to acquire Jaypee Fertilizers & Industries for 15 billion rupees as part of the resolution process for Jaiprakash Associates (NSE:JPASSOCIAT, BOM:532532).

^BSENifty 50BOM:532532BOM:532921BOM:544480NSE:ADANIPORTSNSE:JPASSOCIATNSE:JSWCEMENT
International

India's Private Sector Growth Slips in May

India's private sector growth lost its momentum slightly in May on weaker increases in total new orders, international sales, employment, and business activity.The HSBC Flash India Composite Output Index, which comprises indices for the manufacturing and service sectors, slipped to 58.1 in May from 58.2 in the preceding month, according to HSBC Flash PMI data released on Thursday.The seasonally adjusted index, which tracks month-on-month output across manufacturing and services, remained comfortably above the 50.0 threshold, indicating expansion."After retreating in April, input price inflation ticked higher, but firms limited the pass-through of additional cost burdens to clients by lifting output charges to a lesser extent," S&P said, adding that service providers outperformed manufacturers and experienced softer inflationary pressures.As per the data, the pace of expansion by manufacturers was the second-weakest in close to four years, weighed down by competitive pressures, challenging demand conditions, disruptions to travel, and the ongoing war in the Middle East.Cost pressures intensified, with input prices rising at the sharpest rate since July 2022.Growth in export orders saw the weakest growth in 19 months in May.The HSBC Flash India Manufacturing PMI was down to 54.3 in May from 54.7 in April, its second weakest improvement in the health of the sector in close to four years.The HSBC Flash India Services PMI Business Activity Index also rose marginally to 58.9 in May compared with 58.8 in April.

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Asia

Indian Equities Edge Higher on Wednesday Amid Oil, Currency Concerns

Indian benchmark indices closed modestly higher on Wednesday, although markets remained range-bound for a fourth consecutive session as elevated crude oil prices and currency weakness continued to limit investor appetite.The BSE Sensex gained 117.54 points, or 0.2%, to close at 75,318.39, while the NSE Nifty 50 rose 41.00 points, or also 0.2%, to settle at 23,659.00.Investor sentiment stayed cautious amid a lack of progress in U.S.-Iran negotiations, which kept concerns over global oil supply and energy prices in focus. The continued weakness in the Indian rupee also added to market uncertainty.In corporate developments, Tata Communications (NSE:TATACOMM, BOM:500483) surged 8% after appointing Ganesh Lakshminarayanan as managing director and chief executive officer, effective Wednesday.JSW Energy (NSE:JSWENERGY, BOM:533148) rose nearly 1% after reporting increase in fiscal fourth-quarter consolidated profit to 22.4 billion rupees from 19.5 billion rupees a year earlier. Revenue from operations increased to 189.0 billion rupees from 117.5 billion rupees.

^BSENifty 50BOM:500483BOM:533148NSE:JSWENERGYNSE:TATACOMM
International

Fitch Sees Manageable Risk in APAC Insurer Private Credit Exposure

Fitch Ratings says private credit exposure among major rated Asia-Pacific insurers remains broadly contained, with allocations still below 5% of total assets or around 10% of equity capital, including contractual service margin, in 2025.While positions have climbed over the past two to three years, Fitch said the shift has not materially altered overall portfolio risk profiles.The agency noted insurers are relying on tighter safeguards, including diversification across managers, borrowers, sectors and regions, alongside conservative sector choices and limits on leverage. Portfolios are mainly focused on senior secured and asset-backed loans, with regular checks on valuations, credit changes and recoveries due to the illiquid nature of the asset class.Fitch added that regulatory reforms and accounting changes, including risk-based capital frameworks and IFRS 17 and IFRS 9, have supported the allocation trend by improving capital efficiency.

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

Market Chatter: India Poised to Send Oil Tankers to Secure Energy Supply Through Hormuz

India is said to be getting ready to send ships through the Strait of Hormuz to pick up energy suppliers in the Middle East, according to a Bloomberg report on Wednesday quoting sources.This will be the first time the Asian nation has done so since the start of the Iranian crisis, the report said.The sources said plans for the shipments are ready, and ships will begin trying to cross the strait as soon as the government approves. The volumes involved or the timing of the shipments were not disclosed.State-owned Shipping Corp. of India (NSE:SCI, BOM:523598) is prepared to return to the Persian Gulf after receiving approval from the Indian Navy and receiving business from oil refiners, the report said.The report further added that it was not clear if India had a go-ahead for the shipments from Iran or the U.S., which are separately blockading the strait and surrounding waters amid the war.(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.)

^BSENifty 50BOM:523598NSE:SCI
International

Market Chatter: Indian Airlines Seek Delay in Aviation Fuel Price Hike

Major Indian airlines have asked state-run oil refiners to halt jet fuel price increases for domestic flights until the Middle East conflict eases, Bloomberg News reported Wednesday, citing people familiar with the matter.The proposal was floated by domestic airlines, including Air India, IndiGo (NSE:INDIGO, BOM:539448), and SpiceJet (BOM:500285), the report said.They reportedly warned the government that raising fuel prices could lead to flight suspensions and broader business disruptions.State-owned refiners, including Indian Oil Corporation (NSE:IOC, BOM:530965), Hindustan Petroleum Corporation (NSE:HINDPETRO, BOM:500104), and Bharat Petroleum Corporation (NSE:BPCL, BOM:500547) are currently considering the proposal, according to the report.India's Ministry of Petroleum and Natural Gas has joined the discussions and may intervene directly, as it did in Aprl and May, the report added.Aviation fuel in India is deregulated and is fixed by the country's main oil marketing companies, which revise the prices each month.However, in April, to lessen the impact of the surge in global oil prices, the Indian government capped the most recent jet fuel price hike to 25% and asked the oil companies to keep them constant in May, Bloomberg added.A decision on the airlines' proposal is expected before June 1, 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.)

^BSENifty 50BOM:500104BOM:500285BOM:500547BOM:530965BOM:539448NSE:BPCLNSE:HINDPETRONSE:INDIGONSE:IOC
International

Market Chatter: India Mulls $1 Billion Incentives to Boost Adoption of Electric Trucks, Buses Amid Soaring Fuel Prices

India is evaluating incentives worth over $1 billion to incentivize the adoption of electric buses and trucks by the private sector, Bloomberg News reported Wednesday, citing people familiar with the matter.The schemes targeted at the privately-owned commercial vehicle fleets will be rolled out over the next 10 years, with a large focus on inter-city bus operators, the report said.Industry stakeholders are expected to have meetings with the Prime Minister's Office this month to work on the proposals. The sources cited in the report said the final budget allocation, vehicles eligible for incentives, and subsidy structure are still being worked out.India imports nearly 90% of its crude oil needs, making it vulnerable to recent geopolitical tensions, 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.)

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Asia

Indian Equities End Lower on Tuesday as Global Uncertainty Weigh on Sentiment

Indian benchmark indices closed in the negative territory on Tuesday as investors stayed cautious amid mixed global cues and renewed uncertainty around geopolitical tensions in the Middle East.The BSE Sensex fell 114.19 points, or 0.2%, to close at 75,200.85, while the NSE Nifty 50 declined 31.95 points, or 0.1%, to settle at 23,618.00.Market sentiment remained subdued as concerns over the U.S.-Iran conflict, elevated crude oil prices, and persistent weakness in the Indian rupee continued to pressure risk appetite.In earnings news, RITES (NSE:RITES, BOM:541556) slipped over 1% after reporting a marginal decline in fiscal fourth-quarter consolidated profit to 1.30 billion rupees from 1.33 billion rupees a year earlier.Eureka Forbes (NSE:EUREKAFORB, BOM:543482) also declined over 1% despite posting a higher quarterly profit of 510.3 million rupees compared to 495 million rupees last year.In other corporate developments, Bharat Forge (NSE:BHARATFORG, BOM:500493) ended lower by around 2% after its aerospace division signed an MoU with the Andhra Pradesh government to establish a marine gas turbine repair, overhaul, and development facility in Visakhapatnam.

^BSENifty 50BOM:500493BOM:541556BOM:543482NSE:BHARATFORGNSE:EUREKAFORBNSE:RITES
International

Market Chatter: India Mulls Raising Import Duty on Vegetable Oils

India is said to be looking at raising import duties on vegetable oils at the request of the domestic players, according to a Bloomberg report on Tuesday, citing sources.India is a major importer of vegetable oil, as it imports about 60% of its edible oil needs, the report said.The government is now evaluating whether higher taxes would help local farmers to get higher prices for their crops, said the sources cited in the report, adding that no decision on the matter has been taken yet.The discussion comes amid a series of measures being taken by the Indian government to restrict foreign exchange outflows to protect the weakening rupee and forex reserves.Prime Minister Narendra Modi recently requested citizens to restrict their purchase of imported goods such as vegetable oils, fertilizers, gold, and crude oil, to conserve foreign exchange.(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 End Marginally Higher on Monday as Tech Buying Pares Early Losses

Indian benchmark indices closed slightly higher on Monday after a late-session recovery led by strong gains in technology stocks.The BSE Sensex rose 77.05 points, or 0.1%, to close at 75,315.04, while the NSE Nifty 50 added 6.45 points, or 0.03%, to settle at 23,649.95.Market sentiment remained cautious as the Indian rupee weakened to another record low of 96.39 against the U.S. dollar. Elevated crude oil prices and continuing uncertainty surrounding the Middle East conflict also kept investors on edge.In corporate developments, JSW Energy (NSE:JSWENERGY, BOM:533148) gained nearly 3% after the company sold 25 million shares of JSW Steel (NSE:JSWSTEEL, BOM:500228) for 31.5 billion rupees through a bulk deal on the National Stock Exchange.Zydus Wellness (NSE:ZYDUSWELL, BOM:531335) fell over 1% after fiscal fourth-quarter consolidated net profit declined to 1.62 billion rupees from 1.72 billion rupees a year earlier. Earnings per share slipped to 5.09 rupees, while revenue from operations increased to 14.8 billion rupees from 9.13 billion rupees.

^BSENifty 50BOM:500228BOM:531335BOM:533148NSE:JSWENERGYNSE:JSWSTEELNSE:ZYDUSWELL
Asia

India Tightens Silver Import Rules to Ease Pressure on Forex Reserves

India on Saturday tightened restrictions on imports of most silver products as the government seeks to curb its import bill and support the weakening rupee.Under a May 16 notification issued by the Directorate General of Foreign Trade, several silver product categories were shifted from the "free" to the "restricted" import category.Imports of silver bars containing 99.9% or more silver by weight, along with other categories of silver bars, will be subject to regulations set by the Reserve Bank of India.The Indian government has been urging citizens to cut down on the purchase of precious metals such as gold and silver, which are mainly imported into the country. This is aimed at easing the pressure on foreign exchange reserves amid surging oil prices due to the Middle East crisis.

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International

India Raises Export Duty on Petrol; Cuts Duties on Diesel, Aviation Fuel

India raised its export duty on petrol and reduced the duties on diesel and aviation ​fuel, according to an official government notification on Friday.The Government of India implemented a Special Additional Excise Duty of 3 Indian rupees per liter on the export of petrol, following the recent increase in retail fuel prices.The duty on diesel has been cut to 16.5 rupees per ⁠liter, while export duties on aviation fuel have been cut to 16 rupees per liter.Despite these changes for exported fuels, the excise duty rates for petrol and diesel meant for domestic consumption remain unchanged.Recently, Indian oil marketing companies raised petrol and diesel prices for the first time in four years by about 3 Indian rupees per liter, amid the ongoing geopolitical crisis in the Middle East and volatility in the global crude oil markets.

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Asia

Indian Equities End Lower on Wednesday as Profit Booking, Weak Rupee Weigh on Sentiment

Indian benchmark indices closed lower on Friday, ending a two-day winning streak, as profit booking intensified amid weak global cues, higher crude oil prices, and continued pressure on the rupee.The BSE Sensex fell 160.73 points, or 0.2%, to close at 75,237.99, while the NSE Nifty 50 declined 46.10 points, or 0.2%, to settle at 23,643.50.Market sentiment stayed subdued as investors tracked a sharp rise in crude oil prices and the rupee's slide to a fresh record low of over 96 rupees against the U.S. dollar. Persistent foreign outflows added to pressure on the domestic currency.In corporate developments, Indobell Insulations (BOM:544334) secured a 13.9 million rupee domestic contract from Bharat Heavy Electricals (NSE:BHEL, BOM:500103) for thermal insulation work, scheduled for completion by July 2027.Lupin (NSE:LUPIN, BOM:500257) announced the launch of Atharv Ability in New Delhi, a neuro-rehabilitation center focused on multidisciplinary treatment for neurological disorders, as per a stock exchange filing.Separately, Indian billionaire Gautam Adani and Sagar Adani reached a settlement with the U.S. Securities and Exchange Commission in a civil case, agreeing to pay civil penalties of $6 million and $12 million, respectively, without admitting or denying the allegations.

^BSENifty 50BOM:500103BOM:500257BOM:544334NSE:BHELNSE:LUPIN
International

Fitch Sees Uneven Impact on APAC Finance Firms, Developed Markets More Resilient

Fitch Ratings said non-bank financial institutions in Asia-Pacific face uneven but broadly manageable risks from an energy shock linked to the US-Iran war, with developed markets expected to show greater resilience than emerging peers.The agency noted that higher fuel prices, imported inflation, softer demand and tighter funding conditions would weigh on finance and leasing companies, particularly in emerging markets. It added that currency weakness could further raise inflation and constrain monetary easing.Fitch warned that Vietnam and Thailand are more vulnerable due to faster fuel price transmission, riskier unsecured lending in Vietnam, and Thailand's already weak economic backdrop. India and Indonesia may also see higher funding costs as currency depreciation and inflation expectations push up interest rates, Fitch said.In contrast, China's leasing and asset management firms are expected to remain relatively stable, supported by controlled risk appetite and policy backing, despite property sector weakness.Developed Asia finance companies are seen as more resilient due to deeper funding markets and AI-related growth support, although SME exposure remains a key risk in some markets such as Taiwan, the agency said.

^BSE^HNX^HOSE^JKSEFTSE Bursa Malaysia KLCINifty 50^SETShanghai Composite^STI^SZSETaiwan Weighted
International

Market Chatter: Indian Fuel Retailers Raise Petrol, Diesel Prices Amid Global Volatility

Amid the ongoing geopolitical crisis in the Middle East and volatility in the global crude oil markets, Indian oil marketing companies have raised petrol and diesel prices for the first time in four years by about 3 Indian rupees per litre, according to a Reuters report on Friday quoting fuel retailers.Fuel prices in India are market-linked, allowing retailers to adjust prices as needed without government intervention.State-run Indian Oil Corporation (NSE:IOC, BOM:530965), Hindustan Petroleum Corporation (NSE:HINDPETRO, BOM:500104) and Bharat Petroleum Corporation (NSE:HINDPETRO, BOM:500104), together control overe 90% of the country's over 103,000 fuel stations.They usually fix the rates of diesel and petrol in line with each other, and have not raised gasoline and diesel prices since April 2022.Public sector refiners have been losing nearly 10 billion rupees per day on fuel sales as retail prices failed to keep pace with rising import costs over recent months, Bloomberg News reported separately on the same day, citing industry estimates.(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.)

^BSENifty 50BOM:500104BOM:500547BOM:530965NSE:BPCLNSE:HINDPETRONSE:IOC

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