
RBI sells ₹500 billion of bonds in OMO to drain surplus liquidity
RBI sold 500 billion rupees in bonds to drain surplus cash. Yields climbed after the auction, part of a 1 trillion rupee liquidity mop-up.

RBI sold 500 billion rupees in bonds to drain surplus cash. Yields climbed after the auction, part of a 1 trillion rupee liquidity mop-up.

Foreign investors increased their selling from Wednesday, while domestic institutions bought ₹3,618 crore as the Nifty extended its gains for a second session.

The rupee, which slipped below the 96 level in intraday trade, ended Thursday’s session with a loss of just 3 paise at 95.94 (provisional) against…

Shares of Hindustan Construction Company Ltd ended at ₹21.55, up by ₹0.51, or 2.42%, on the BSE.

Shares of Bharat Electronics Ltd ended at ₹395.60, up by ₹9.20, or 2.38%, on the BSE.

Dow futures rose around 300 points, while S&P 500 and Nasdaq-100 futures gained as investors assessed the Fed’s rate decision and lower oil prices.

Midcap stocks outperformed the benchmark indices, keeping the market breadth in favour of advances. The National Stock Exchange’s (NSE) advance-decline ratio stood at 2:1. As…

Shares of Prestige Estates Projects Limited ended at ₹1,443.00, up by ₹15.15, or 1.06%, on the BSE.

the project is spread across 4.68 acres and has an estimated developable potential of approximately 1.05 million square feet. It marks Puravankara’s eighth redevelopment project…

Indian markets are facing pressure from elevated crude prices, US bond yields and weak FPI participation, according to Nuvama Institutional Equities’ Shiv Diwan. He expects…