Indian stocks were volatile, and the rupee fell to a new record low against a burgeoning dollar, as finance minister Nirmala Sitharaman unveiled the budget 2024-25. Benchmark indices had surged to multiple record highs in the run-up to the budget.&nbsp;

Traders had positioned for broader reforms in taxes. However, stocks and rupee tanked on Tuesday after budget announcements, which included an increase in capital gains tax and new levy on derivatives trading.&nbsp;

The rupee fell to 83.69 against the dollar, inching past the previous lifetime low of 83.6775 and compared with 83.6275 before the budget announcement. The currency has been weighed lower by a stronger dollar in a broad emerging market hit. While the Reserve Bank of India has intervened in markets to stem significant moves in the rupee, the currency has tested several record lows over the past month.&nbsp;

The US federal reserve's decision to delay the start of its rate cut cycle has hurt global currencies, with emerging markets taking a bigger hit.&nbsp;

The blue-chip Sensex index fell as much as 1,500 points at one point. The index was last trading below the 80,000 level for the first time since June 12th, down about 600 points. The broader nifty index also crashed after starting the day with gains. It came within a whisker of falling below the 24,00 points mark and was last down by over 0.7 per cent. Investors have broadly given a thumbs down to the budget.&nbsp;

Indian stocks were volatile, and the rupee fell to a new record low against a burgeoning dollar, as finance minister Nirmala Sitharaman unveiled the budget 2024-25.

Indian stocks were volatile, and the rupee fell to a new record low against a burgeoning dollar, as finance minister Nirmala Sitharaman unveiled the budget 2024-25. Benchmark indices had surged to multiple record highs in the run-up to the budget. Traders had positioned for broader reforms in taxes. However, stocks and rupee tanked on Tuesday after budget announcements, which included an increase in capital gains tax and new levy on derivatives trading. The rupee fell to 83.69 against the dollar, inching past the previous lifetime low of 83.6775 and compared with 83.6275 before the budget announcement. The currency has been weighed lower by a stronger dollar in a broad emerging market hit. While the Reserve Bank of India has intervened in markets to stem significant moves in the rupee, the currency has tested several record lows over the past month. The US federal reserve's decision to delay the start of its rate cut cycle has hurt global currencies, with emerging markets taking a bigger hit. The blue-chip Sensex index fell as much as 1,500 points at one point. The index was last trading below the 80,000 level for the first time since June 12th, down about 600 points. The broader nifty index also crashed after starting the day with gains. It came within a whisker of falling below the 24,00 points mark and was last down by over 0.7 per cent. Investors have broadly given a thumbs down to the budget.

India budget 2024: Stocks volatile, currency crashes

Now, we look at the record rally in Indian stocks, marking a strong recovery from election results day loss. After near-400 billion-dollar wipe-out on the voting count day, Indian shares recovered those losses in just three days. That is the fastest pace of recovery in the last decade.

Indian stocks gain after record rally

Now, we turn our attention to market moves this morning. Asian stocks tracked US peers higher as the federal reserve's cautious outlook on interest rates did little to alter wall street bulls. Cooling US inflation also swayed traders' sentiment.

Fed's hawkish tone offset by cooling US inflation

Now, we turn our attention to Indian markets after exit polls show a resounding victory for the ruling party. Benchmark stock indices opened strongly, with new highs in sight.

India's stock rally hinges on Modi bettering 303-seat tally

In a resounding endorsement of India's economic prospects, global investors have propelled foreign portfolio inflows into Indian stocks to remarkable heights. December witnessed an influx of 6.92 billion dollars, marking the second-highest level ever and affirming India's allure amid global uncertainties. We talk to author Monika Halan for more perspective.

Indian markets scale new highs; Indian markets among top performers in 2023

Foreign portfolio investors give a thumbs up to India

While global market growth forecasts for 2024 remain modest, there's a beacon of optimism in India. According to a recent Reuters poll, the Indian stock market is gearing up for a remarkable surge, with projections indicating a substantial 10% rise by the end of 2024.

Indian stocks to scale new peaks, 10% growth on horizon: Poll | World Business Watch

Modest economic recovery next year on vaccine hopes.

Business Watch: Recent vaccine news has boosted Indian stocks

Equity benchmark Sensex tumbled over 200 points in early trade on Thursday dragged by losses in HDFC Bank, Reliance Industries, Infosys and Kotak Bank amid foreign fund outflows and weak global cues.

After touching a low of 34,010.86, the 30-share index was trading 214.42 points, or 0.63 per cent, lower at 34,032.63.&nbsp;Similarly, NSE Nifty fell 57.90 points, or 0.57 per cent, to 10,058.25.

Sun Pharma was the top laggard in the Sensex pack, shedding around 2 per cent, followed by HDFC Bank, Titan, NTPC, Kotak Bank, TCS and Infosys.

On the other hand, IndusInd Bank, Hero MotoCorp, Nestle India and Axis Bank were among the gainers.

SIn the previous session, the BSE barometer settled 290.36 points, or 0.86 per cent, higher at 34,247.05, and the broader Nifty climbed 69.50 points, or 0.69 per cent, to 10,116.15.

On a net basis, foreign institutional investors sold equities worth Rs 919.26 crore in the capital market on Wednesday, provisional exchange data showed.

According to analysts, market started on a negative note amid foreign fund outflow and weak cues from global markets after US Federal Reserve policy outcome.

The US central bank on Wednesday cut its benchmark short-term rate to near zero, and said nearly all its policymakers foresee no rate hike through 2022.

It also said that it will keep buying bonds to maintain low borrowing rates and support a US economy mired in a deep&nbsp; 
recession with high unemployment.

Stock exchanges on Wall Street ended on a mixed note in overnight trade. Bourses in Hong Kong, Tokyo and Seoul were in the red, while those in Shanghai were trading with gains. International oil benchmark Brent crude futures fell 2.66 per cent to $ 40.62 per barrel.

Equity benchmark Sensex tumbled over 200 points in early trade on Thursday dragged by losses in HDFC Bank, Reliance Industries, Infosys and Kotak Bank amid foreign fund outflows and weak global cues.

Equity benchmark Sensex tumbled over 200 points in early trade on Thursday dragged by losses in HDFC Bank, Reliance Industries, Infosys and Kotak Bank amid foreign fund outflows and weak global cues. After touching a low of 34,010.86, the 30-share index was trading 214.42 points, or 0.63 per cent, lower at 34,032.63. Similarly, NSE Nifty fell 57.90 points, or 0.57 per cent, to 10,058.25. Sun Pharma was the top laggard in the Sensex pack, shedding around 2 per cent, followed by HDFC Bank, Titan, NTPC, Kotak Bank, TCS and Infosys. On the other hand, IndusInd Bank, Hero MotoCorp, Nestle India and Axis Bank were among the gainers. SIn the previous session, the BSE barometer settled 290.36 points, or 0.86 per cent, higher at 34,247.05, and the broader Nifty climbed 69.50 points, or 0.69 per cent, to 10,116.15. On a net basis, foreign institutional investors sold equities worth Rs 919.26 crore in the capital market on Wednesday, provisional exchange data showed. According to analysts, market started on a negative note amid foreign fund outflow and weak cues from global markets after US Federal Reserve policy outcome. The US central bank on Wednesday cut its benchmark short-term rate to near zero, and said nearly all its policymakers foresee no rate hike through 2022. It also said that it will keep buying bonds to maintain low borrowing rates and support a US economy mired in a deep recession with high unemployment. Stock exchanges on Wall Street ended on a mixed note in overnight trade. Bourses in Hong Kong, Tokyo and Seoul were in the red, while those in Shanghai were trading with gains. International oil benchmark Brent crude futures fell 2.66 per cent to $ 40.62 per barrel.

Sensex slides 200 points amid foreign fund outflows, weak global cues

The Nifty breached the 10,000 mark for the first time Tuesday morning.&nbsp;

It opened at 10,010.55, but fell to just below 10,000 soon after opening.&nbsp;

Commentators said there were a number of reasons for the current high the Nifty and Sensex are seeing.&nbsp;

Global stocks are on a current high.&nbsp;

A large amount of money is coming into India in the form of FIIs.&nbsp;

The monsoon appears to be on track.&nbsp;And GST was successfully rolled out.&nbsp;

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The Sensex was down 17.60 points at 32228.27, while the Nifty was down 1.85 points at 9964.55 (WION)
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The Nifty breached the 10,000 mark for the first time Tuesday morning. It opened at 10,010.55, but fell to just below 10,000 soon after opening. Commentators said there were a number of reasons for the current high the Nifty and Sensex are seeing. Global stocks are on a current high. A large amount of money is coming into India in the form of FIIs. The monsoon appears to be on track. And GST was successfully rolled out. The Sensex was down 17.60 points at 32228.27, while the Nifty was down 1.85 points at 9964.55 (WION) ×

Nifty breaches 10,000 mark for first time

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