Sensex Today | Share Market Live Updates: Sensex, Nifty to gain at open; Gift Nifty trading higher
₹1,761.86 crore, according to NSE data. DIIs bought equities ₹1,328.47 crore net, the exchange data showed.World oil prices sank Monday as traders hoped a region-wide conflict could still be avoided and Israel said its forces killed dozens of Hamas militants in clashes in Gaza.Global investors are looking forward to key reports on consumer confidence and the U.S.
job market. The Federal Reserve announces its next move on interest rates on Wednesday.The Indian rupee is likely to open little changed on Tuesday on an uptick in Asian peers and a pickup in equity outflows, while investors await the Bank of Japan (BOJ) policy review.Non-deliverable forwards indicate the rupee will open around Monday's closing of 83.25 to the U.S.
dollar.It is "of little surprise" that the rupee will barely move at open, a Mumbai-based forex trader at a bank said."The BOJ policy is quite important from the overall Asia FX and risk appetite perspective. Having said that, it is a stretch to think the rupee will react much." (Reuters)Siemens Energy is considering selling a large part of its 24% stake in Indian-listed Siemens Ltd to former parent Siemens AG to shore up its balance sheet, according to a person familiar with the matter.The stake is currently worth around $3.5 billion and a partial sale would be a quick way for the German maker of wind and gas turbines to strengthen its capital base as talks with Berlin and Siemens over guarantees for performance bonds continue.
(Read More)For India's $245 billion IT industry, 2023 will go down as a watershed year. For the first time in a quarter of a century, the country's top ten IT companies, employing over 2 million professionals, are set to end the current fiscal with fewer employees than they
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