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The Indian rupee weakened against the dollar, closing at 91.75 on Friday, influenced by rising crude oil prices and foreign investor withdrawals. Despite central bank intervention and domestic stock market declines, losses were somewhat contained. Analysts anticipate continued pressure on the rupee due to firm crude prices, with a trading range of 91.25-92.50 expected.
8:10 AM
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Indian stock markets experienced a significant downturn on Friday, with the Sensex plummeting nearly 1,100 points to close below 79,000 for the first time since April 2025. Deteriorating geopolitical tensions in West Asia and global market conditions, coupled with substantial foreign fund outflows, led the decline. Banks were particularly affected as investors adopted a risk-off approach.
9:10 AM
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The rupee strengthened by 55 paise to close at Rs 91.6 per dollar on Thursday, recovering from a record low. The Reserve Bank of India intervened through state-run banks in both non-deliverable forward and spot markets to support the domestic unit. Sentiment improved marginally on reports of Iran's conditional willingness to abandon its nuclear program.
8:10 AM
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Public sector banks have significantly expanded their market share in key secured lending segments like auto and home loans over the past year. This growth comes as private banks and NBFCs continue to dominate unsecured consumer credit, with PSBs increasing their presence in previously private-dominated areas.
12:10 PM
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The Indian rupee rebounded on Thursday, recovering 51 paise to trade at 91.54 against the US dollar after hitting a record low. This recovery follows a significant slump driven by surging crude oil prices linked to the Iran crisis. Traders anticipate continued sensitivity to oil market movements and potential Reserve Bank of India intervention.
10:10 AM
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Top stock market recommendations: Solar Industries India, and Coal India are the stocks that Aakash K Hindocha, Deputy Vice President - WM Research of Nuvama Professional Clients Group has recommended to buy today. UNO Minda is a sell call. The market expert shares his detailed analysis on stocks and views on Nifty and Bank Nifty.
10:10 AM
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Gold prices surged as major strikes on Iran, reportedly killing Supreme Leader Ayatollah Ali Khamenei, intensified geopolitical tensions and fears of economic instability. The attacks triggered further retaliatory actions, creating a volatile environment that benefits gold as a safe-haven asset. Analysts predict continued price increases, with major banks forecasting gold to reach $6,000-$6,300 per ounce.
9:10 AM
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