Rupee may end the year near current levels, says BofA

BofA expects the rupee to end the year near 93 per dollar, says most depreciation is over, RBI actions aid stability, crude prices and geopolitics remain key risks.

BofA expects the rupee to end the year near 93 per dollar, says most depreciation is over, RBI actions aid stability, crude prices and geopolitics remain key risks.

Both Titan and Kalyan Jewellers are yet to disclose their business updates for the March quarter. The stocks though have gained between 2% to 6% on Monday.

Senco Gold is also targeting Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) to be in the 7.5% to 7.8% range next year.

With gains of over 5%, the Nifty IT index is the best-performing sector in April so far. However, it remains the second-worst performer after realty if you zoom out to a year-to-date view.

UCO Bank’s total business increased to ₹5.89 lakh crore in the fourth quarter, up 6.32% from the previous quarter and 14.59% from the previous fiscal.

Brokerage firm Macquarie said, excluding the Covid-affected FY21, FY26 marks the slowest growth rate for Bajaj Finance in 15 years.

India auto dealers warn West Asia conflict is raising fuel and metal costs and causing supply delays, but retail auto sales hit record highs with strong March growth across segments

Indian markets remain volatile amid rising global tensions and elevated crude oil prices near $110 per barrel, which are adding to inflation concerns. The rupee has strengthened, supported by RBI liquidity measures and tighter forex rules. Meanwhile, the 10-year bond…

Gold and silver prices in India dip amid strong US dollar, firm jobs data and high oil, analysts see the fall as a tactical correction and consolidation in a broader uptrend.

NMDC shares gained 5% after sharp iron ore price hike. Morgan Stanley has cited strong pricing tailwinds but warned on China reforms and Simandou supply risks. The company announced hike of ₹500 per tonne for lumps and ₹450 per tonne…