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rupee ended higher on Friday after JPMorgan announced it will include the country's government bonds in its emerging market index, which could lead to billions of dollars of inflows. The rupee ended at 82.93 against the U.S. dollar, compared with 83.09 in the previous session. The currency gained 0.3% this week even as the dollar index rose to an over 6-month high in Asia and was on track for its 10th consecutive weekly gain. Importers' dollar purchases capped gains in the rupee after the currency opened at 82.8225 on Friday, traders said. India's inclusion in JPMorgan's index will start on June 28, 2024, and extend over 10 months.

Shares of Granules India Ltd.(up 4.2 per cent), Pfizer Ltd.(up 0.67 per cent) and GlaxoSmithKline Pharmaceuticals Ltd.(up 0.3 per cent) ended the day as top gainers in the pack. On the other hand, Zydus Lifesciences Ltd.(down 3.25 per cent), Glenmark Pharmaceuticals Ltd.(down 3.0 per cent), Alkem Laboratories Ltd.(down 2.77 per cent), Dr.

Shares of Maruti Suzuki India Ltd.(up 2.43 per cent), Mahindra & Mahindra Ltd.(up 1.5 per cent), Hero MotoCorp Ltd.(up 0.72 per cent) and Balkrishna Industries Ltd.(up 0.7 per cent) ended the day as top gainers in the pack. On the other hand, Tube Investments of India Ltd.(down 2.54 per cent), Sona BLW Precision Forgings Ltd.(down 1.84 per cent), Bajaj Auto Ltd.(down 1.65 per cent), Tata Motors Ltd.(down 1.05 per cent) and Eicher Motors Ltd.(down 0.76 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.21 per cent up at 16234.35. Benchmark NSE Nifty50 index ended down 68.1 points at 19674.25, while the BSE Sensex stood down 221.09 points at 66009.15. Among the 50 stocks in the Nifty index, 19 ended in the green, while 30 closed in the red. Shares of Vodafone Idea, IOB, JP Power, SJVN and YES Bank were among the most traded shares on the NSE. Shares of PNB Gilts, Nelcast, Sonu Infratech, HUDCO and IFCI hit their fresh 52-week highs in today's trade, while Yasons Chemex Care, Jiwanram Sheoduttrai, Jalan Transolutions, FutureLifestyleFash and Dangee Dums hit their fresh 52-week lows.

rupee is expected to gain from the addition of government bonds in the JPMorgan Government Bond Index-Emerging Markets (GBI-EM) index riding on dollar inflows, experts told ETMarkets. India will enter the global bond index with a 10% weight cap and other smaller JPM EM indices in a staggered manner over a 10-month period beginning June 28, 2024. According to market experts, this could prompt around $30 billion of passive inflows. Harsimran Sahni, Executive Vice-president & Head-Treasury at Anand Rathi Global Finance, sees a near- and long-term impact of the move.

In an interview to ET Now, Dr Aurodeep Nandi, Nomura, shares his views on India's inclusion in JP Morgan EM bond index. Edited excerpts:ET Now: Your first thoughts on India's inclusion in JP Morgan bond index?Dr Aurodeep Nandi: This has been going on for the past 10 years. Around this time of the year, there used to be this speculation as to whether India will get included or not.

emerging market debt index which may cause billions of dollars of inflows into India. As per reports, quoting JPMorgan, India's local bonds will be included in the Government Bond Index-emerging markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds. The inclusion of Indian bonds will start on June 28, 2024, and extend over 10 months with one per cent increments on its index weighting, as India is expected to reach the maximum weighting of 10 per cent, according to JPMorgan.

The 10-year benchmark 7.18% 2033 bond yield was at 7.1100% as of 10:00 a.m. IST, after closing at 7.1443%, while the liquid 7.18% 2037 bond yield was at 7.2286% after ending at 7.2606% on Thursday. The yields had eased to 7.0717% and 7.1784%, respectively, earlier in the day. «The wait is finally over.

Bank of Baroda(up 1.59 per cent), Bandhan Bank Ltd.(up 1.34 per cent), State Bank of India(up 1.05 per cent), Punjab National Bank(up 0.73 per cent) and Au Small Finance Bank Ltd.(up 0.53 per cent) were among the top gainers. ICICI Bank Ltd.(down 0.72 per cent), HDFC Bank Ltd.(down 0.37 per cent), Federal Bank Ltd.(down 0.2 per cent) and Kotak Mahindra Bank Ltd.(down 0.12 per cent) were the top losers on the index. The Nifty Bank index was down 0.06 per cent at 44596.65 at the time of writing this report. Benchmark NSE Nifty50 index was down 64.75 points at 19677.6, while the BSE Sensex was down 167.62 points at 66062.62. Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red. Shares of IOB, JP Power, YES Bank, Union Bank India and SJVN were among the most traded shares on the NSE. Shares of Sonu Infratech, PNB Gilts, Gujarat Ambuja, IFCI and Giriraj Civil Devolp hit their fresh 52-week highs in today's trade, while Jiwanram Sheoduttrai, Jalan Transolutions, FutureLifestyleFash, Pramara Promotions and Prolife Industries hit fresh 52-week lows in trade.

Granules India Ltd.(up 0.15 per cent), GlaxoSmithKline Pharmaceuticals Ltd.(up 0.06 per cent) and Pfizer Ltd.(up 0.02 per cent) were among the top gainers. Glenmark Pharmaceuticals Ltd.(down 5.38 per cent), Lupin Ltd.(down 2.99 per cent), Aurobindo Pharma Ltd.(down 2.71 per cent), Dr.

emerging market debt index. This inclusion is likely to prompt billions of dollars of inflows into the world's fifth-largest economy. India's local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds according to JPMorgan.

Shares of Mahindra Lifespace Developers Ltd.(up 0.64 per cent) and Prestige Estates Projects Ltd.(up 0.36 per cent) ended the day as top gainers in the pack. On the other hand, Indiabulls Real Estate Ltd.(down 3.31 per cent), Sobha Ltd.(down 2.42 per cent), Godrej Properties Ltd.(down 2.19 per cent), Macrotech Developers Ltd.(down 1.53 per cent) and Brigade Enterprises Ltd.(down 1.33 per cent) finished as the top losers of the day. The Nifty Realty index closed 1.21 per cent down at 565.25. Benchmark NSE Nifty50 index ended down 159.05 points at 19742.35, while the BSE Sensex stood down 570.6 points at 66230.24. Among the 50 stocks in the Nifty index, 15 ended in the green, while 35 closed in the red. Shares of IOB, JP Power, YES Bank, Vodafone Idea and Suzlon Energy were among the most traded shares on the NSE. Shares of Jindal Photo, KSB, Dishman Carbogen, Nava Bharat Vent.

Shares of Bandhan Bank Ltd.(up 0.22 per cent) ended the day as top gainers in the pack. On the other hand, Bank of Baroda(down 2.95 per cent), ICICI Bank Ltd.(down 2.82 per cent), State Bank of India(down 2.15 per cent), IndusInd Bank Ltd.(down 2.02 per cent) and Punjab National Bank(down 1.89 per cent) finished as the top losers of the day. The Nifty Bank index closed 1.68 per cent down at 44623.85. Benchmark NSE Nifty50 index ended down 159.05 points at 19742.35, while the BSE Sensex stood down 570.6 points at 66230.24. Among the 50 stocks in the Nifty index, 15 ended in the green, while 35 closed in the red. Shares of IOB, JP Power, YES Bank, Vodafone Idea and Suzlon Energy were among the most traded shares on the NSE. Shares of Jindal Photo, KSB, Dishman Carbogen, Nava Bharat Vent.

Infosys to train 50k employees on Nvidia AI stack Infosys share price has significantly underperformed its sectoral index BSE IT and the benchmark Sensex in the last one year. While the BSE IT is up about 21 per cent in the last one year, Infosys share price is up only about 8 per cent. The Sensex has gained nearly 12 per cent in the same period.

If one has to go by recent indications from management of different auto companies, the mood in the industry is positive about the forthcoming festive season. For the auto industry, headwinds like rising input cost, stagnant demand are becoming things of the past.

Reserve Bank of India on Wednesday asked Credit Information Companies (CICs) to prepare data quality index for commercial and microfinance segments.

Shares of Balkrishna Industries Ltd.(up 0.92 per cent), Sona BLW Precision Forgings Ltd.(up 0.71 per cent), Bharat Forge Ltd.(up 0.59 per cent), MRF Ltd.(up 0.55 per cent) and Tube Investments of India Ltd.(up 0.46 per cent) ended the day as top gainers in the pack. On the other hand, Hero MotoCorp Ltd.(down 1.69 per cent), Maruti Suzuki India Ltd.(down 1.66 per cent), Bosch Ltd.(down 1.38 per cent), TVS Motor Company Ltd.(down 0.9 per cent) and Ashok Leyland Ltd.(down 0.76 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.51 per cent down at 16479.7. Benchmark NSE Nifty50 index ended down 231.9 points at 19901.4, while the BSE Sensex stood down 796.0 points at 66800.84. Among the 50 stocks in the Nifty index, 10 ended in the green, while 39 closed in the red. Shares of JP Power, IOB, YES Bank, Suzlon Energy and Vodafone Idea were among the most traded shares on the NSE. Shares of Jindal Photo, HSIL, Blue Star, IFCI and Moksh Ornaments Ltd.

Sona BLW Precision Forgings Ltd.(up 1.54 per cent), Mahindra & Mahindra Ltd.(up 1.24 per cent), Bajaj Auto Ltd.(up 0.86 per cent), Tata Motors Ltd.(up 0.68 per cent) and Bharat Forge Ltd.(up 0.15 per cent) were among the top gainers. Maruti Suzuki India Ltd.(down 0.82 per cent), Tube Investments of India Ltd.(down 0.51 per cent), Eicher Motors Ltd.(down 0.5 per cent), Samvardhana Motherson International Ltd.(down 0.4 per cent) and Ashok Leyland Ltd.(down 0.4 per cent) were the top losers on the index. The Nifty Auto index was up 0.21 per cent at 16598.05 at the time of writing this report. Benchmark NSE Nifty50 index was down 166.05 points at 19967.25, while the BSE Sensex was down 577.25 points at 67019.59. Among the 50 stocks in the Nifty index, 19 were trading in the green, while 31 were in the red. Shares of IOB, YES Bank, Vodafone Idea, JP Power and UCO Bank were among the most traded shares on the NSE. Shares of HSIL, Blue Star, Moksh Ornaments Ltd., Jindal Photo and Chaman Lal Setia hit their fresh 52-week highs in today's trade, while Pramara Promotions, Jiwanram Sheoduttrai, FutureLifestyleFash, Penta Gold and Jalan Transolutions hit fresh 52-week lows in trade.

If there is one sector where there is a consensus among the analysts that stocks are not to be bought at this point of time, it is the IT sector. While they are shying away from giving sell recommendations, the mean price target is clearly showing they expect IT stocks to slide from current levels.

CBI Index with a score of 86%. The recognition in the CBI Index for the third consecutive year underscores St Kitts and Nevis’ unwavering commitment to providing a world-class experience for investors and individuals seeking alternative citizenship. The CBI Index 2023 lauded St Kitts and Nevis for its steadfast dedication to maintaining the highest standards in the industry.

Index-tracking funds are inching closer to free. State Street last month slashed the fee on its cheapest S&P 500 exchange-traded fund, known by ticker symbol SPLG, to 0.02%—making it less than a quarter of the cost of its popular SPY fund that tracks the same stocks. It is now the cheapest index fund in its class.

Shares of Punjab National Bank(up 3.7 per cent), Bank of Baroda(up 3.1 per cent), State Bank of India(up 0.86 per cent) and IndusInd Bank Ltd.(up 0.47 per cent) ended the day as top gainers in the pack. On the other hand, HDFC Bank Ltd.(down 1.96 per cent), IDFC First Bank Ltd.(down 1.48 per cent), Federal Bank Ltd.(down 1.45 per cent), Bandhan Bank Ltd.(down 1.1 per cent) and Kotak Mahindra Bank Ltd.(down 0.85 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.54 per cent down at 45979.85. Benchmark NSE Nifty50 index ended down 59.05 points at 20133.3, while the BSE Sensex stood down 241.79 points at 67596.84. Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red. Shares of YES Bank, JP Power, Vodafone Idea, Central Bank and UCO Bank were among the most traded shares on the NSE. Shares of KIOCL, IOB, PTL Enterprises, UCO Bank and Ramco Systems hit their fresh 52-week highs in today's trade, while J B Chemicals, Setubandhan Infra, Viaz Tyres, Penta Gold and Ratnaveer Precision hit their fresh 52-week lows.