The Indian market opened Thursday's trading session with a marginal decline amid weak global cues. The Nifty 50 index dropped by 85 points, or 0.37 per cent, to 24,526, while the BSE Sensex fell by 304 points to 80,406 during early trade.
From here, the market is likely to see stock-specific moves this week on the back of the ongoing earning season. The market participants also digested the elevated inflation data for June, besides eyeing the much-awaited Budget to be presented on July 23.
As the week gone by saw Indian stock markets touching fresh all-time highs and at the same time volatile trading days, the market is likely to see stock specific moves gain traction on the back of ongoing earning season, as per the market analysts.
Market sentiment on Thursday was subdued as investors awaited the first-quarter results of TCS and contended with the weekly expiry of Nifty futures and options contracts.
Indian stock markets opened the day's trading with minor gains on Wednesday. The Sensex opened at 80,481.36, up 29.72 points or 0.16 per cent, while the Nifty opened at 24,459.85, up 26.65 points or 0.11 per cent.
Lower yields in key regions and weaknesses in non-dollar currencies increased gold's allure to local investors, pushing global gold ETFs' total assets under management (AUM) 8.8 per cent higher year-to-date to USD 233 billion. Collective holdings also rebounded, reaching 3,105 tonnes.
Hassan Khan informed that the fire initially broke out on the fourth floor of the Ali Habib Trading Company building on I.I. Chundrigar Road. He further added that the cooling process of the building had started as fire brigades reached the spot.
The Petroleum Products Trading Regulatory Committee in Abu Dhabi continues its efforts to enhance security and safety measures in the Emirate, ensuring that operators and stakeholders adhere to federal and local regulations and decisions.
India's foreign exchange reserves declined by USD 1.713 billion to USD 651.997 billion during the week that ended June 28, official data from the Reserve Bank of India (RBI) showed on Friday. The reserves are currently a tad lower than their all-time highs of USD 655.817 touched recently.
Jethmalani in his social media post on "X" alleged that "spy" Anla Cheng and her husband Mark Kingdon hired Hindenburg Research to prepare a report on Adani group companies. The senior lawyer further said that they used Kotak Mahindra Investments Limited (KMIL) to set up a trading account