News Arena

Join us

Home
/

sensex-nifty-inch-higher-as-retail-inflation-eases-in-april

Economy

Sensex, Nifty inch higher as retail inflation eases in April

Leading the gains in the Sensex basket were Mahindra & Mahindra, Reliance Industries, JSW Steel, Power Grid, NTPC, and State Bank of India, while Asian Paints, Nestle, Axis Bank, and ITC found themselves among the laggards.

News Arena Network - Mumbai - UPDATED: May 13, 2024, 11:17 PM - 2 mins read

Indian equity benchmark indices showed resilience on Tuesday, May 14th, with the Sensex and Nifty edging higher despite mixed global cues.

Sensex, Nifty inch higher as retail inflation eases in April


Indian equity benchmark indices showed resilience on Tuesday, May 14th, with the Sensex and Nifty edging higher despite mixed global cues.

 

The optimism was fueled by a notable easing in retail inflation for the month of April.

 

The Sensex opened marginally lower at 72,696.70, down by 0.11%, while the Nifty inched 0.04% higher at 22,112.90, marking a cautious yet optimistic start to the trading day.

 

Leading the gains in the Sensex basket were Mahindra & Mahindra, Reliance Industries, JSW Steel, Power Grid, NTPC, and State Bank of India, while Asian Paints, Nestle, Axis Bank, and ITC found themselves among the laggards.

 

Sector-wise, auto, financial services, IT, metal, realty, commodities, and PSE (Public Sector Enterprises) remained in the green, while pharma, FMCG, and healthcare sectors witnessed a downturn.

 

Market volatility, gauged by the India VIX, remained elevated, rising by 2.14% to 21.02. This increase comes amid ongoing anticipation surrounding the 2024 Lok Sabha elections.

 

The Indian rupee, however, opened on a flat note against the US dollar, influenced by the latter's strength in the global markets and elevated crude oil prices.

 

Forex traders noted that the rupee is under pressure due to both the elections and foreign fund outflows.

 

At the interbank foreign exchange market, the rupee moved within a narrow range, opening at 83.51 against the American currency, mirroring its previous close.

 

Meanwhile, the dollar index, which measures the greenback’s performance against a basket of six currencies, stood at 105.26, indicating a slight uptick of 0.04%.

Related News
Image for representative use only.

Nifty, Sensex record declines in profit booking

May 30, 2024, 03:56 AM - 3 mins read

FDI inflows in FY24 dip by 3% to USD 44 billion

FDI inflows in FY24 dip by 3% to USD 44 billion

May 30, 2024, 01:43 AM - 2 mins read

Adani Green Energy's rating upgraded to 'IND AA-'

Adani Green Energy's rating upgraded to 'IND AA-'

May 30, 2024, 01:29 AM - 2 mins read

Smart city technologies to hit $100 billion industry mark in 2024

Smart city tech hits $100B in 2024

May 30, 2024, 12:58 AM - 2 mins read

RBI : MSPs ensure 50% return for 2023-24 crops

RBI : MSPs ensure 50% return for 2023-24 crops

May 30, 2024, 12:28 AM - 2 mins read

MPG unveils Shah Rukh Khan as brand ambassador

MPG unveils Shah Rukh Khan as brand ambassador

May 29, 2024, 03:31 AM - 2 mins read

Adani group denies Paytm stake acquisition

Adani group denies Paytm stake acquisition

May 29, 2024, 03:14 AM - 1 min read

ILO's pact expands India's digital skill hub globally

India's skill hub goes global with ILO pact

May 29, 2024, 03:04 AM - 2 mins read

RBI warns ARCs for ‘regulation plus’ compliance

RBI warns ARCs for ‘regulation plus’ compliance

May 29, 2024, 02:41 AM - 2 mins read

Image for representative use only.

Sensex drops 220pts, Nifty at 22,890 on Tuesday

May 28, 2024, 04:59 AM - 2 mins read

Third day of decline before election results

Market decline continues pre-poll results

May 28, 2024, 04:35 AM - 2 mins read

https://www.instagram.com/thelaughclubofficial/
https://www.instagram.com/burraahhh_/

Economy

See All
Image for representative use only.

Nifty, Sensex record declines in profit booking

May 30, 2024, 03:54 AM - 3 mins read

The 30-share BSE Sensex plummeted by 617.30 points or 0.83 percent to settle at 73,885.60, hitting a day's low of 73,668.73 due to substantial selling in blue-chip stocks.

Read more
FDI inflows in FY24 dip by 3% to USD 44 billion

FDI inflows in FY24 dip by 3% to USD 44 billion

May 30, 2024, 01:43 AM - 2 mins read

FDI equity inflows in India fell by 3.49% to USD 44.42 billion in 2023-24, yet experienced a 33.4% rise to USD 12.38 billion in January-March FY24 compared to the previous year.

Read more
Adani Green Energy's rating upgraded to 'IND AA-'

Adani Green Energy's rating upgraded to 'IND AA-'

May 30, 2024, 01:29 AM - 2 mins read

India Ratings and Research (Ind-Ra) on Thursday upgraded Adani Green Energy Limited’s (AGEL) long-term issuer rating to ‘IND AA-’ from ‘IND A+’, saying the company’s outlook is stable.

Read more
Smart city technologies to hit $100 billion industry mark in 2024

Smart city tech hits $100B in 2024

May 30, 2024, 12:58 AM - 2 mins read

Projected to hit $100 billion by 2024, the smart city technologies industry has surged 140% in five years, with China, Europe, and North America leading, poised to grow to $165.8 billion by 2028.

Read more
RBI : MSPs ensure 50% return for 2023-24 crops

RBI : MSPs ensure 50% return for 2023-24 crops

May 30, 2024, 12:28 AM - 2 mins read

The minimum support prices (MSPs) for both kharif and rabi seasons 2023–24 ensured a minimum return of 50 percent over the cost of production for all crops, according to the Reserve Bank's Annual Report.

Read more
The 30-share BSE Sensex declined 667.55 points or 0.89 per cent to settle at 74,502.90. The NSE Nifty dropped 183.45 points or 0.80 per cent to 22,704.70 amid high volatility.

Sensex declines 667, Nifty falls to 22,700 level on profit taking

May 29, 2024, 06:25 AM - 4 mins read

The 30-share BSE Sensex declined 667.55 points or 0.89 per cent to settle at 74,502.90. The NSE Nifty dropped 183.45 points or 0.80 per cent to 22,704.70 amid high volatility.

Read more
MPG unveils Shah Rukh Khan as brand ambassador

MPG unveils Shah Rukh Khan as brand ambassador

May 29, 2024, 03:31 AM - 2 mins read

Shah Rukh Khan was announced as the brand ambassador for Muthoot Pappachan Group (MPG), a 137-year-old leading business conglomerate in India, widely known as Muthoot Blue, on Wednesday.

Read more
Adani group denies Paytm stake acquisition

Adani group denies Paytm stake acquisition

May 29, 2024, 03:14 AM - 1 min read

Adani Group refutes claims of acquiring stake in Paytm amidst media speculation; Paytm denies engagement in discussions regarding the matter.

Read more
ILO's pact expands India's digital skill hub globally

India's skill hub goes global with ILO pact

May 29, 2024, 03:04 AM - 2 mins read

The National Skill Development Corporation (NSDC) and the International Labour Organization (ILO) have announced a strategic partnership aimed at advancing skill development and lifelong learning, not only in India but globally.

Read more
RBI warns ARCs for ‘regulation plus’ compliance

RBI warns ARCs for ‘regulation plus’ compliance

May 29, 2024, 02:41 AM - 2 mins read

RBI Deputy Governor Swaminathan J warned Asset Reconstruction Companies (ARCs) against regulatory violations and urged them to adopt a regulation-plus approach, emphasising the need for strong governance and ethics to effectively address stressed assets.

Read more
Image for representative use only.

Sensex drops 220pts, Nifty at 22,890 on Tuesday

May 28, 2024, 04:35 AM - 2 mins read

Analysts attributed the lackluster performance to election-related anxieties and concerns about potential inflationary pressures.

Read more
Third day of decline before election results

Market decline continues pre-poll results

May 28, 2024, 04:35 AM - 2 mins read

Equity indices Sensex and Nifty closed lower in volatile trading as investors took profits ahead of Lok Sabha poll results, with Sensex down 0.29% at 75,170.45 and Nifty dropping 0.19% to 22,888.15.

Read more

TOP CATEGORIES

  • Nation

QUICK LINKS

About us Rss FeedSitemapPrivacy PolicyTerms & Condition
logo

2024 News Arena India Pvt Ltd | All rights reserved | The Ideaz Factory