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☆ Indian shares struggle on weak global cues, higher crude prices
▼ + stars: | 2023-09-28 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 28 (Reuters) - Indian shares struggled to add to initial gains on Thursday as weakness in global equities markets over fears of higher interest rates and surging crude prices weighed. "Despite the correction, India has still outperformed the global markets.. But, we are also seeing many emerging risks like higher crude prices and depreciation in rupee," said Samrat Dasgupta, chief executive at Esquire Capital Investment Advisors. Crude prices, which rose 3% overnight will hurt India, the world's third-largest importer, which is also reeling under lower-than-expected monsoon rains, triggering inflation risks. Among sectoral indexes, information technology stocks (.NIFTYIT) fell 0.8%, metals (.NIFTYMET) gained 0.6%, while the public sector banks (.NIFTYPSU) climbed 0.9%.

Persons: Francis Mascarenhas, Samrat Dasgupta, Esquire's Dasgupta, Sohini Goswami, Dhanya Ann Thoppil Organizations: Bombay Stock Exchange, REUTERS, Rights, BSE, Esquire Capital Investment Advisors, Treasury, Federal Reserve, Oil India, ICICI Lombard, Sethuraman NR, Thomson Locations: Mumbai, India, Bengaluru

☆ India's Adani kicks off $2.45 bln share sale while under short-seller attack
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

Adani Group firms lost $11 billion in market capitalisation on Wednesday after New York-based Hindenburg Research flagged concerns in a report about debt levels and the use of tax havens. Adani Group dismissed the report as baseless. Adani Enterprises, the flagship company of a conglomerate led by world's fourth-richest man, Gautam Adani, aims to use the share sale proceeds for capital expenditure and to pay debt. Adani Group has repeatedly faced and dismissed concern about debt levels. The share sale "should sail through successfully."

☆ Indian shares hit over 1-wk low; Adani group stocks fall
▼ + stars: | 2023-01-25 | by ( Rama Venkat | ) www.reuters.com time to read: +2 min

BENGALURU, Jan 25 (Reuters) - Indian stocks hit an over-one-week low in volatile trading on Wednesday, ahead of the monthly expiry of derivatives and the federal budget. The Nifty 50 index (.NSEI) was down 1% at 17,936.25 as of 11:17 a.m. IST, while the S&P BSE Sensex (.BSESN) fell 0.96% to 60,394.36. Nifty's volatility index (.NIFVIX) climbed as much as 8.5% to 14.815 after hovering around the 14 mark for over a month. Auto stocks (.NIFTYAUTO) shed early gains to trade 0.2% lower, with Maruti Suzuki (MRTI.NS) and Bajaj Auto (BAJA.NS) the only gainers on the index. Maruti was up 0.8% on strong third-quarter earnings, while Bajaj Auto rose 0.3%.

☆ INDIA STOCKS Indian shares extend fall as autos weigh
▼ + stars: | 2022-10-11 | by ( Rama Venkat | ) www.reuters.com time to read: +2 min

BENGALURU, Oct 11 (Reuters) - Indian shares fell for a third session on Tuesday, with automobile stocks leading losses, as risk-averse trades take hold of financial markets globally. The NSE Nifty 50 index (.NSEI) fell 0.55% to 17,146 as of 0510 GMT, and the S&P BSE Sensex (.BSESN) was down 0.51% to 57,692.61. read moreIn domestic trading, the Nifty's automobile index (.NIFTYAUTO) and the energy index (.NIFTYENR) fell 0.98% and 0.69%, respectively. Tata Consultancy Services Ltd (TCS.NS) posted its biggest intraday pct fall in more than three weeks, weighing on the Nifty IT index (.NIFTYIT) which was down 0.75%. "We have seen the worst of inflation getting over so don't see much of a domestic inflation scare as of now."

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