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Foreign portfolio investors continue to remain cautious on the Indian stock market, driven by rising crude oil prices, inflation, and rupee depreciation. As per NSDL data, FPIs have already sold equities worth over ₹2.2 lakh crore this year, extending last year’s heavy outflows. Persistent foreign selling pressure remains a factor affecting overall market.
Gold prices in the Hyderabad bullion market declined today, with 10 grams of 24-carat gold falling by ₹440 to ₹1,59,490 and 22-carat gold dropping by ₹400 to ₹1,46,200. In contrast, silver prices rose sharply, increasing by ₹5,000 per kilogram to ₹2,95,000. The mixed movement in precious metals reflects ongoing volatility, influenced by global price trends.
The Indian rupee opened weaker at 96.26 against the US dollar today, slipping 6 paise amid pressure from global forex trends. The currency had faced sustained losses, briefly nearing the 97 level before intervention by the RBI helped stabilise it. Market participants are now closely tracking further RBI action as external pressures, a dollar index.
Indian stock markets started the session on a positive note today, May 22nd, tracking strong global cues driven by optimism over a possible resolution to tensions involving the US and Iran. The Sensex jumped 361 points to 75,544.24, while the Nifty-50 rose 95 points to 23,750.05. Bank Nifty added 471 to 53,911, and rupee traded […]
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The Sensex and Nifty opened at fresh record levels in early trade on Thursday, May 21, 2026. The Sensex started trading today at 75183.36, down at 135.03 points or 0.18%, and the Nifty was at 23654.70, down at 4.30 points or 0.02%. Meanwhile, the Indian rupee was trading today at 96.38 against the dollar.
Indian pharmaceutical stocks witnessed a strong upward rally, with Gland Pharma leading with gains of over 27%. Laurus Labs and Biocon also delivered impressive returns of around 21-23%. Several major players, including Cipla, Sun Pharma, and Mankind Pharma, rose in double digits. However, Lupin and Alkem Laboratories remained under pressure.
The Indian rupee recovered strongly today, gaining 41 paise to trade at 96.45 against the US dollar after touching a record low in the previous session. Improved market sentiment after Trump’s remarks suggesting progress in Iran talks. The rupee opened at 96.25 in early trade after closing at an all-time low of 96.86 on Wednesday […]
Indian stock markets opened on a strong note today, with both the Sensex and Nifty 50 recording sharp early gains driven by sustained buying interest. The Sensex surged past the 75,900 mark during intraday trade, while the Nifty climbed close to 23,860. Broader sentiment remained positive despite a weaker rupee, which traded around 96.06 against […]
Here are the petrol prices per litre today in the top cities in India. ★Delhi – ₹98.64, ★Kolkata – ₹109.70, ★Mumbai – ₹107.59, ★Chennai – ₹104.46, ★Bangalore – ₹107.12, ★Bhubaneswar – ₹105.09, ★Chandigarh – ₹98.10, ★Hyderabad – ₹111.88, ★Jaipur – ₹109.32, ★Lucknow – ₹98.40, ★Trivandrum – ₹111.71, ★Port Blair – ₹85.73, and ★...
The Reserve Bank of India (RBI) has declared a key step amid the rupee’s weakening trend, planning a $5 billion USD/INR buy-sell swap auction scheduled for May 26. The 3-year tenor operation aims to inject durable liquidity into the banking system while stabilizing currency pressures. The key decision follows a review of evolving financial conditions.
BJP MP Sasmit Patra urged Finance Minister Nirmala Sitharaman to consider bringing petrol and diesel under the GST framework. He stated that uniform fuel taxation could reduce inflation, and operational costs for businesses and farmers. Patra also highlighted that varying state VAT structures affect market integration, emphasizing the need for a key reforms.
The weakening of the India rupee against the US dollar is highlighting deeper concerns beyond currency fluctuations. Global tensions in the Middle East and increasing crude oil prices have added pressure on India’s economy. Experts believe the falling rupee reflects broader economic and investment challenges rather than just a temporary market decline today.
Cognizant is planning layoffs of 7,000-15,000 employees under its “Project Leap” restructuring, aiming to shift toward an AI-driven business model. The initiative focuses on automation and streamlining operations. While reducing workforce layers, the company plans to invest more in AI and continue hiring talent aligned with digital transformation.
The government approved a 2% Dearness Allowance hike, raising it from 58% to 60%, effective January 2026. While it offers relief against inflation, the actual salary increase is modest-for example, about ₹600 on a ₹30,000 basic pay. Employees and pensioners will also receive arrears, with the hike based on inflation-linked calculations.