Stock market today: BSE Sensex opens in red; Nifty50 below 23,050
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Wednesday. While BSE Sensex was below 76,200, Nifty50 was near 23,000.
Top stocks to buy today: Stock recommendations for February 12, 2025
Stock market recommendations: Mehul Kothari of Anand Rathi Shares advises buying Patanjali, Bharat Rasayan, and Oil India stocks. Patanjali is expected to break out above ₹1900, Bharat Rasayan may rebound above ₹9900, and Oil India shows potential above ₹415.
Sensex tumbles 1,018 points as Trump tariffs take toll
On Tuesday, the sensex and Nifty closed lower for the fifth straight session due to weak global and domestic cues. Trump’s tariffs and ongoing US trade policy uncertainty, along with a weak rupee and continuous foreign fund outflows, impacted market sentiment. Sensex dropped by 1,018 points, Nifty by 310, and mid- and small-cap indices saw significant losses.
Fed in no hurry for rate cuts: Jerome Powell hints no change in bank's policy
Federal Reserve Chair Jerome Powell stated that the central bank will keep interest rates unchanged, citing ongoing inflation above the 2% target and a strong job market. Although future rate cuts are uncertain, Powell emphasized the prudence of maintaining the current policy stance amidst economic changes under the Trump administration.
More than 60% Indians use AI, more than twice the global average: Study
India is rapidly embracing artificial intelligence, with 65% of Indians using AI, compared to the global average of 31%. Millennials, particularly those aged 25-44, are leading this trend. AI is primarily used for translations, answering questions, workplace efficiency, and school assistance. However, concerns about deepfakes, scams, and online abuse persist, especially for children under 18.
'Not at all': FM Sitharaman dismisses GST rise concerns
Finance Minister Nirmala Sitharaman refuted concerns of any GST rate increase, emphasizing that the GST rates have been reduced since its introduction, with the average rate dropping to 11.3% from 15.8%. She credited the GST Council for their thorough work in simplifying the tax system.
Government names 20 countries to boost exports in 6 sectors
The Centre has named 20 priority countries and 6 focus sectors to enhance exports, with a strategy meeting held with Indian Mission officials to boost trade. Additionally, over 5,000 startups have closed, but the overall startup ecosystem continues to grow with the recognition of over 1,57,000 startups.
Stock market crash: Equity investors lose Rs 16.97 lakh crore in just 5 days - top reasons BSE Sensex, Nifty50 have crashed
Stock market crash: Indian equity benchmarks, BSE Sensex and Nifty50, have plunged around 3% over five sessions due to poor domestic earnings and US trade policy concerns.
New Income Tax Bill: What taxpayers want from Modi government’s latest Income Tax Act - KPMG survey reveals
New Income Tax Bill: In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG survey highlights priorities such as dispute simplification, compliance enhancement, and corporate tax structure adjustments.
Gold price today: Gold April futures surge above Rs 86,000/10 gm mark - here's the outlook on the yellow metal
Gold price today: Gold and silver futures have seen mixed movements, with gold April futures on MCX rising beyond Rs 86,000 per 10 grams, whereas silver March futures marked slight gains.
New Income Tax Bill may be tabled by FM Sitharaman in Parliament today - Top points taxpayers should know
New Income Tax Bill LIVE: Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill, which aims to replace the 1961 Income Tax Act. The bill seeks to simplify tax laws while retaining current obligations and minimize disputes.
Stock market today: BSE Sensex flat in opening trade; Nifty50 near 23,350
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday. While BSE Sensex was below 77,300, Nifty50 was near 23,350.
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