A digital screen on the facade of the Bombay Stock Exchange (BSE) building displays stock prices as Sensex soared.(PTI File Photo)
A digital screen on the facade of the Bombay Stock Exchange (BSE) building displays stock prices as Sensex soared.(PTI File Photo)

India stocks rise after RBI Governor Shaktikanta Das flags strong recovery

RBI Governor Shaktikanta Das reiterated that policy will remain accomodative to support growth, while cautioning a resurgence in coronavirus infections remains a risk to recovery.
By Bloomberg | Posted by Kanishka Sarkar
PUBLISHED ON NOV 26, 2020 02:27 PM IST

India’s stock benchmark rose, following a volatile morning, after the central bank governor said the recovery in Asia’s third largest economy has been stronger than expected.

The S&P BSE Sensex added 0.4% to 43,998.48 as of 1:37 p.m. in Mumbai, while the NSE Nifty 50 Index climbed by about the same magnitude, erasing earlier losses. Both gauges closed at record highs Tuesday. The expiry today of monthly futures and options contracts may add to volatility.

Governor Shaktikanta Das reiterated that policy will remain accomodative to support growth, while cautioning a resurgence in coronavirus infections remains a risk to recovery.

“With Europe and some parts of the U.S. thinking about partial lockdowns, we are watching closely for a potential second wave in India that would hurt the economy and markets,”said Sanjeev Hota, head of research at Sharekhan Ltd. in Mumbai.

Gains in India’s equities have been driven by net foreign fund purchases that are on course for a monthly record, while a report tomorrow may show India’s economy entered its first technical recession since at least 1996 last quarter, based on economists’ estimates.

The yield on the benchmark 10-year government bond fell one basis point to 5.88%, while the rupee strengthened 0.1% to 73.82 against the U.S. dollar.

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Rule 10 of Legal Metrology (Packaged Commodities) Rules, 2011, provides that e-commerce entities have to display details of the manufacturer.(Reuters)
Rule 10 of Legal Metrology (Packaged Commodities) Rules, 2011, provides that e-commerce entities have to display details of the manufacturer.(Reuters)

CAIT alleges Amazon, Flipkart, Zomato and Swiggy of flouting rules

PTI, New Delhi
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CAIT Secretary General alleged that similar obligations were imposed on e-commerce food business operators.
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Amazon has asked the High Court in New Delhi to enforce the decision of a Singapore arbitrator.(Reuters)
Amazon has asked the High Court in New Delhi to enforce the decision of a Singapore arbitrator.(Reuters)

Amazon tries to block Future's asset sale to Reliance after regulatory approval

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The Amazon filing also argued that Future should not rely on any regulatory approval it has received, in light of the arbitrator's injunction.
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FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo(REUTERS)
FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo(REUTERS)

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A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India.(Reuters)
A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India.(Reuters)

Rupee rises for 5th straight session, settles 3 paise higher at 72.94

PTI
PUBLISHED ON JAN 25, 2021 04:08 PM IST
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.10 per cent to 90.32.
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Finance Minister Nirmala Sitharaman will unveil the Budget 2021-22 on February 1.(PTI)
Finance Minister Nirmala Sitharaman will unveil the Budget 2021-22 on February 1.(PTI)

Government may tweak customs duties on host of goods in Budget 2021

PTI, New Delhi
PUBLISHED ON JAN 25, 2021 03:58 PM IST
Sources said that while import duties could be tweaked on over 20 products, the customs duties could be removed on select raw materials.
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Sensex settled the session at 48,347, down 531 points(PTI)
Sensex settled the session at 48,347, down 531 points(PTI)

Sensex tanks over 500 points, Nifty ends below 14,250

PTI, Mumbai
UPDATED ON JAN 25, 2021 08:28 PM IST
Over the last three sessions, the BSE Sensex has lost 1,444.53 points or 2.90 per cent and the NSE Nifty has shed 405.80 points or 2.77 per cent.
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The Centre had set up a special borrowing window in October 2020 to meet the estimated shortfall of <span class='webrupee'>₹</span>1.10 lakh crore in revenue arising on account of the implementation of the GST.(PTI)
The Centre had set up a special borrowing window in October 2020 to meet the estimated shortfall of 1.10 lakh crore in revenue arising on account of the implementation of the GST.(PTI)

FinMin releases weekly installment of 6,000 cr to meet GST shortfall

PTI, New Delhi
PUBLISHED ON JAN 25, 2021 03:06 PM IST
Till now, 70 per cent of the total estimated GST compensation shortfall has been released to the states and union territories (UTs) with legislative assembly.
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The least registration in the ESI scheme for both men and women in the formal sector came in the month of April 2020.(Representational photo)
The least registration in the ESI scheme for both men and women in the formal sector came in the month of April 2020.(Representational photo)

NSO releases employment outlook report

By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON JAN 25, 2021 02:54 PM IST
In all the three schemes, the number of new registrations increased after June 2020.
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Gold is considered a hedge against inflation, likely from widespread stimulus. (HT Photo) (Representative Image)
Gold is considered a hedge against inflation, likely from widespread stimulus. (HT Photo) (Representative Image)

Gold eases on doubts over US stimulus passage

Reuters
PUBLISHED ON JAN 25, 2021 02:50 PM IST
Spot gold fell 0.1% to $1,850.91 per ounce by 0822 GMT, having dropped 0.9% in the previous session. US gold futures fell 0.2% to $1,851.80.
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A government agricultural officer collects urine samples from pigs arriving at a slaughterhouse in Wuyi county, Zhejiang province, China.(REUTERS)
A government agricultural officer collects urine samples from pigs arriving at a slaughterhouse in Wuyi county, Zhejiang province, China.(REUTERS)

China's pigs become unexpected threat to palm oil's rally

Bloomberg
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The world’s biggest pork producer and consumer is scooping up unprecedented quantities of soybeans and corn on world markets to feed domestic hog herds.
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Reliance shares gained about 5.8% last week in the run-up to the results but were flat for this year after a more than 32% gain last year.(Reuters)
Reliance shares gained about 5.8% last week in the run-up to the results but were flat for this year after a more than 32% gain last year.(Reuters)

Reliance Industries shares fall nearly 5% as Covid-19 hits oil business

Reuters, Bengaluru
PUBLISHED ON JAN 25, 2021 11:53 AM IST
Reliance's revenue from its oil-to-chemicals division fell nearly 30% in the three months ended Dec 31.
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FILE PHOTO: Representations of virtual currency bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS)
FILE PHOTO: Representations of virtual currency bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration/File Photo(REUTERS)

Bitcoin return to $40,000 in doubt as Grayscale fund flows slow

Bloomberg
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The pace of flows into the $20 billion Grayscale Bitcoin Trust “appears to have peaked” based on four-week rolling averages.
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On Friday, the rupee had settled at 72.97 against the American currency.(Getty Images/iStockphoto)
On Friday, the rupee had settled at 72.97 against the American currency.(Getty Images/iStockphoto)

Rupee rises 4 paise to 72.93 against US dollar in early trade

PTI
PUBLISHED ON JAN 25, 2021 10:35 AM IST
Traders said the local unit is trading in a narrow range against the US dollar ahead of the US Federal Reserve meeting this week.
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The benchmark S&amp;P BSE Sensex gained 0.6% to 49,177.99 by 0353 GMT.(Mint file photo)
The benchmark S&P BSE Sensex gained 0.6% to 49,177.99 by 0353 GMT.(Mint file photo)

Indian shares rise as banking stocks shine

Reuters, Bengaluru
PUBLISHED ON JAN 25, 2021 10:23 AM IST
Tata Motors Ltd climbed 1.6%, after the automaker hiked prices of its passenger vehicles on Friday.
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A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei index outside a brokerage in Tokyo, Japan January 21, 2021. REUTERS/Kim Kyung-Hoon(REUTERS)
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei index outside a brokerage in Tokyo, Japan January 21, 2021. REUTERS/Kim Kyung-Hoon(REUTERS)

Asian shares rise on recovery hopes, markets eye earnings

AP
PUBLISHED ON JAN 25, 2021 10:10 AM IST
Japan's benchmark Nikkei 225 gained nearly 0.5 per cent in morning trading to 28,767.43. Australia's S&P/ASX200 added 0.4 per cent to 6,829.60.
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