Bharat Express

Business

The US Federal Reserve reduced interest rates by 25 basis points, as the economy faces a cooling labour market and persistent inflation.

From April to October, domestic air passenger traffic reached 932 lakh, reflecting a 5.9% growth. Indian carriers also saw 162.6 lakh international passengers in the first half of FY25, up by 16% from last year

The benchmark indices fell by over 1 percent as Sensex dropped 836 points, or 1.04 percent, ending at 79,541.79. Nifty also declined by 284.70 points, or 1.16 percent, closing at 24,199.35

Gold prices fluctuated sharply between Rs 78,500 and Rs 77,500 per 10 grams. The dollar index surged to 105, pushing gold to lows of Rs 77,500 per 10 grams and $2,700 internationally, noted Jateen Trivedi of LKP Securities

Indian stock markets opened sharply lower on Thursday, with major indices Sensex and Nifty down around 1% in early trading due to widespread selling pressure across several sectors, including metal, auto, financial services, pharma, FMCG, energy, private banking, and infrastructure.

The Sensex closed at 80,378.13, up by 901.50 points or 1.13%, while Nifty ended at 24,484, gaining 270.75 points or 1.12%

RBI Governor Shaktikanta Das clarified that the shift to a neutral monetary policy stance does not indicate an imminent interest rate cut.

Indian markets opened with positive momentum, driven by gains in sectors like real estate, media, energy, banking, and infrastructure.

Analysts predict that the stock could drop closer to the Rs 70 mark. Ola Electric debuted on the stock market at Rs 76 and saw a brief rally before a continuous decline

The Sensex slipped slightly by 68.22 points, or 0.09%, to trade at 78,714.02, while the Nifty edged down 5.85 points, or 0.02%, to 23,989.50. Of the stocks listed on the National Stock Exchange (NSE), 1,409 were trading in the green, while 840 remained in the red.