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Regulators have so far not mandated any minimum net worth or investor qualifications for those trading stock options, and the stock markets almost always rise each year - both recipes for higher risk-taking and complacency. The "stark" increase in daily options trading turnover raises issues of investor protection, said Ajay Tyagi, former SEBI chief. The platform has seen an uptick in futures and options trading activity, Zerodha said in response to Reuters queries. Siddharth Joshi, a 36-year old from Surat in western India, said he lost 200,000 rupees trading options on Adani Enterprises (ADEL.NS) shares in January. "In options trading, I know my loss is capped but there is an opportunity to make maximum profit," he said.

Persons: Francis Mascarenhas, Mihir Vora, SEBI, Ashish Chauhan, Ajay Tyagi, Kailash, Bhavesh Shah, Shah, Zerodha, Siddharth Joshi, he's, Ira Dugal, Vidya Ranganathan, Raju Gopalakrishnan Organizations: Bombay Stock Exchange, REUTERS, Rights, Securities, Exchange Board of India, Trust Mutual Fund, National Stock Exchange of India Ltd, BSE Ltd, Reuters, Axis Mutual Fund, National Stock Exchange, Adani Enterprises, Thomson Locations: Mumbai, India, Rights MUMBAI, South Korea, Bhavesh, Ahmedabad, Surat

☆ IT, financials lead slide in Indian shares; inflation data eyed
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsBENGALURU, Nov 13 (Reuters) - Indian blue chips opened lower on Monday, dragged by information technology (IT) and financial stocks, while investors awaited domestic retail inflation data for October. The NSE Nifty 50 index (.NSEI) was down 0.35% at 19,456.75 as of 9:18 a.m. IST, while the S&P BSE Sensex (.BSESN) fell 0.40% to 64,995.73. The benchmarks Nifty 50 (.NSEI) and Sensex (.BSESN) hit three-week highs in the special one-hour "muhurat" trading session on Sunday, led by gains in energy and information technology stocks. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Niharika Kulkarni, Bharath Rajeswaran, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Thomson Locations: Mumbai, Bengaluru

☆ An Epic Pilgrimage Across Three Great Religions
▼ + stars: | 2023-11-09 | by ( Aatish Taseer | ) www.nytimes.com time to read: +111 min

Before there was tourism, there was pilgrimage: a trip of endurance, hardship and ecstasy in celebration of one’s faith. On an epic pilgrimage of his own, one writer ventures into the heart of three great religions in Bolivia, Mongolia and Iraq. The Imam Hussein shrine in Karbala the day after Ashura. “They’re poor, but they come thousands of kilometers for the love of Imam Hussein.” PILGRIMAGE WAS A great equalizer. “Labaik ya Hussein,” came the solemn chorus of surrounding voices.

Persons: Eduardo Quintela Gonzáles, ” Quintela, JAN, “, ”, Quintela, Victor, Edith Turner, Chaucer, ferne, sondry londes, Vaishno Devi, Lyra Skinner, Lyra, Victoria Preston’s, —, Prophet Muhammad, Virgin Mary, Bath, Naipaul, Augustus, Ryan, garret, Virgin, Monica Machicao, Nicholas Casey, ” Monica, Casey, Evo Morales, sloughing, Columbus, Cortés, Francisco Pizarro, Monica, glitzy cholets, Peru —, Viracocha, it’s, Pablo Quisbert, Leandro Chitarroni, Eichmann, Father Chitarroni, Father Chitarroni’s, Conquistadores ”, Fernando Cervantes, Bernabé Cobo, Quisbert, Edgar Quispe, Tatiana Huayhua, Francisco Tito Yupanqui, Mary, Yupanqui’s, su, Yupanqui, Chitarroni, she’s, Friar Abelino Yeguaori, Friar Yeguaori, Friar Yeguaori’s, Irene, Juana, hajji, Waka, Aracely Alcón, Santiago, Alcón, ‘, don’t, ” Alcón, Tito Yupanqui, Uma Marka, Pachamama, haggard, Amaru Fiorilo Barrios, he’d, ” Fiorilo, Fiorilo, who’d, Valeria Alcón, Laureano Jose Quisbert, Elena Ticona Flores, Eduardo Quintela’s, Ensamble, pang, padre, consolations, Sincrético, El, Rodrigo Paz Pereira, Axel, amauta, strode, La, Aatish Taseer, Saint Helena —, Constantine I, La Paz, Orgilbaatar Tsolmon, Orgil, Genghis Khan, Edward Gibbon, ” Orgil, Araniko’s, Kublai Khan, Genghis Khan’s, Kubla Khan, Coleridge, Kublai, Stalin, sybarite, Khamar, Dalai Lama, Lama, Christopher Kaplonski, ger, I’d, banshtai tsai, Prim, Egi, Munkhdul, Gandantegchinlen, Haidav, herder, “ Um sain, boltugai, Danzanravjaa, Zanabazar’s, Erdene, Mandakhtsog Monkhbaatar, Monkhbaatar’s, Dalai Lamas, prostrated, He’d, Zuu, she’d, Santiago de, L.K, Advani, Emperor Babur, Ram, kar sevaks, Ayodhya, Narendra Modi, Munkhbaatar Batchuluun, Henry Wallace, Franklin D, Potemkin, Munkhbaatar, Gerelmaa, Giimaa, She’d, Eduardo Quintela, Aracely, Santiago’s, Joseph Brodsky’s, Muhammad’s, Hussein, William Keo, ” Khuder, pillion, Labaik, Hussein ”, O Hussein, hearkened, Prophet, Ali —, Ali, Yazid, Imam, crackling, chickpeas, Imam Ali, Imam Hussein, Saddam Hussein, Tusi, Qasim, Imam Hussein’s, Khuder, “ Will, Najaf, prestes, — I, Yasir Yaseen, Ashura, Ali Akbar, Abbas, Ali Asghar, “ We’re, Francisco Goya’s, Hussein’s, Groom, Joseph, ” Wissam, Turfi, Saddam —, Arbaeen, Saddam, “ Imam Hussein, WE, Muhammad, Barnaby Rogerson, Prophet Muhammad ”, ” Ali, Muhammad — Muhammad, formlessness, Muqtada al, Abrams, chiding, Abu Musab Al, Zarqawi, Al Qaeda, William, “ They’re, Ayatollah Ali Khamenei, flagellants, ruddy, stylishly, Hussein — shahid —, Farman Ahsan, Syed Salman Raza —, Saddam’s, ” Raza, William “, Ali Zayn al, Abidin, Labaik ya Hussein, thrall —, Lloyd, Susanne Rudolph — Organizations: CITY LA, LA, LA PAZ, Virgin, Crusaders, Dolorosa, Sun, The New York Times, Bolivian, Spain, La, Cordillera, Universidad Mayor de, Catholic, Good, La Paz, Dominican, Pakistan, Caesars, Nissan, Coke, Communists, Communism, ardor, Communist, Hyundai, flails, sacra, Apache, Mahdi Army, Al, ISIS, Karachi —, Princeton Locations: Bolivia, Mongolia, Iraq, Aatish Taseer Bolivia Mongolia Iraq, CITY LA PAZ, BOLIVIA, NAJAF, IRAQ, ULAANBAATAR, MONGOLIA, LA PAZ, La Paz, Bolivian, Copacabana, Lake Titicaca, New York, Christian, British, sondry, India, Delhi, Varanasi, Europe, American, Mecca, Arabia, Long, Vino Tinto, Chile, Peru, Monica, Plurinational State, Bolivia —, Americas, Spain, Columbian, Aztec Mexico, Inca Peru, Calvary Hill, Virgen del Cerro, South America, Puerto Rico, Huatajata, ”, Argentine, Universidad Mayor de San Andrés, Mexican, revelry, Spanish, “, morena, La, “ India, multilayered, Potosí, Argentina, Warisata, Scotch, Santiago de Compostela, Kingdom of Saudi Arabia, Nepal, Nations, El Alto, Buenos Aires, Bombay, Tibet, Bolivia’s, Yamuna Rivers, United States, Buddhist Mongolia, Ulaanbaatar, Mongolian, Istanbul, Asia, Islam, China, Beijing, Dadu, Erdene Zuu, Soviet, Gobi, Los Angeles, gers, Qing China, Karnataka, Töv Province, Karakorum, Khamar, Erdene, Ukraine, Korea, Golden, Bayankhongor, Lhasa, Dalai, Inner Mongolia, Mongol, Nalaikh, Santiago, Santiago de Compostela and Canterbury, Bulgan Province, Somnath, Gujarat, Ayodhya, Uttar Pradesh, ger, East German, Uvs Province, Pakistani, Indian, Tennessee, Najaf, Baghdad, Khuder, —, abayas, KARBALA, Kufa, Medina, Saudi Arabia, Karbala, Imam Ali, Bab, Kuwaiti, Bohras, South Asia, Tajikistan, Zaydis, Yemen, Alawites, Anatolia, Syria, Iran, Bahrain, Azerbaijan, Sadr, U.S, Jordanian, Al Qaeda, Mesopotamia, Al, Multan, Pakistan, Punjab, Pakistan’s, Islamabad, Lahore, Kuwait, Karachi, Doha, Qatar

☆ Indian shares rise as falling oil prices boost energy stocks
▼ + stars: | 2023-11-08 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Nov 8 (Reuters) - Indian shares rose on Wednesday, led by energy stocks, as crude prices fell, while a drop in high weightage financials after a recent rise capped gains. The NSE Nifty 50 index (.NSEI) was up 0.23% at 19,451.10 as of 10:07 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.14% to 65,027.13. "Moderation in U.S. bond yields, positive earnings and a drop in crude oil prices are positive for the markets," said analysts at Centrum Institutional Research. Ten of the 13 major sectors rose, with energy (.NIFTYENR) and oil & gas (.NIFYOILGAS) rising 0.5% and 1%, respectively. ICICI Bank (ICBK.NS), SBI Life Insurance (SBIL.NS), Bajaj Finance (BJFN.NS), Kotak Mahindra Bank (KTKM.NS) were among the top Nifty 50 losers, shedding between 0.3% and 0.8%.

Persons: Francis Mascarenhas, Powell, Brent, Bharath Rajeswaran, Dhanya Ann Thoppil, Sohini Goswami, Nivedita Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, Centrum Institutional Research, Bharat Petroleum Corporation, ICICI Bank, SBI Life Insurance, Bajaj Finance, Kotak Mahindra Bank, Wall, U.S, Treasury, Nasdaq, Apollo Tyres, Prestige Estate, Thomson Locations: Mumbai, India, China, Bengaluru

☆ India’s gamified equities are a wake-up call
▼ + stars: | 2023-11-08 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

The result is an acceleration of Indian savings away from gold and real estate into financial products. However, it is also leading to what Ashish Gupta, chief investment officer at Axis Bank’s mutual fund, dubs “the gamification of Indian equities”. A frenzy for index options has driven up volume in the derivatives market to the tune of $4.3 trillion a day. Retail traders made up a higher share of equity derivatives turnover than their institutional counterparts on the National Stock Exchange between 2017 and 2021. Whatever the fix, it’s a reminder that India’s digital leapfrog which other developing countries are urgently trying to replicate has a dark side too.

Persons: Francis Mascarenhas, Ashish Gupta, Gupta, weren’t, Ananth Narayan, SEBI, Nithin Kamath, Zerodha, Lalit Keshre, Una Galani, Thomas Shum Organizations: Bombay Stock Exchange, REUTERS, Rights, Reuters, National Stock Exchange, Tiger, Securities, Exchange Board of India, Thomson Locations: Mumbai, India, U.S

☆ Metals lead rise in Indian shares amid global rebound
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: 1 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File photo Acquire Licensing RightsBENGALURU, Oct 25 (Reuters) - Metals led Indian shares higher amid a rebound in global stocks, as U.S. Treasury yields eased and crude oil prices moderated below $90 per barrel. The NSE Nifty 50 index (.NSEI) was up 0.25% at 19,329.35 as of 9:16 a.m. IST, and the S&P BSE Sensex (.BSESN) rose 0.28% to 65,744.08. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, Metals, Treasury, NSE, BSE, Thomson Locations: Mumbai, India, Bengaluru

☆ Indian shares open marginally higher on oil pullback; IT stocks slip
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: 1 min

A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Oct 12 (Reuters) - Indian shares opened marginally higher on Thursday as moderating oil prices boosted sentiment, while a slide in information technology (IT) stocks after Tata Consultancy Services' earnings capped gains. The NSE Nifty 50 index (.NSEI) was up 0.11% at 19,832.70 as of 9:16 a.m. IST, and the S&P BSE Sensex (.BSESN) rose 0.10% to 66,549.26. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Varun Organizations: Bombay Stock Exchange, Sensex, REUTERS, Rights, Tata Consultancy Services, NSE, BSE, Thomson Locations: Mumbai, India, Bengaluru

The case concerns a former senior IT manager who raised concerns about how a data loss had been handled. A hearing for Barclays' appeal to the Bombay High Court is listed for Oct. 20, court records show. They declined to comment on the specifics of the Indian case. Gupta has also appealed to the Bombay High Court, court records show, arguing the pay-out awarded was too low, the source familiar with the appeals said. Last year, Gupta also filed a secondary civil case against Barclays, another court filing shows.

Persons: Atul Gupta, Jes Staley, Francesca West, Gupta, Arpan Chaturvedi, Sinead Cruise, Alexander Smith Organizations: Barclays, Reuters, Financial, Authority, FCA, Global Service Centre Private Limited, Bombay High Court, Thomson Locations: Indian, Pune, Bombay

☆ Indian shares set to tick up as global markets recover
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 29 (Reuters) - Indian shares were likely to open slightly higher on Friday, tracking gains in Asian peers as global markets stabilised from a recent sell-off, while crude prices eased from 10-month highs. India's GIFT Nifty (.GIFc1) was mostly unchanged at 19,636 points at 8:05 a.m. IST on the NSE International Exchange. Indian benchmarks were on track to end the Sept. quarter with minimal gains after a 10.5% rise in the previous quarter. ** Multi Commodity Exchange (MCEI.NS): India markets regulator has askedco to put on hold the proposed go-live of its new commodity derivatives platform planned for next week.

Persons: Francis Mascarenhas, IHC.AD, Anisha Ajith, Nivedita Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Accenture, U.S . Foreign, Energy, Adani Energy Solutions, International Holding, Adani, Commodity Exchange, Investment, Finance, Thomson Locations: Mumbai, India, U.S, Abu Dhabi, Bengaluru

☆ Indian shares likely to open lower on extended global weakness
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 28 (Reuters) - Indian shares are expected to open lower on Thursday, tracking global markets, as worries over higher interest rates and surging crude prices weighed. Domestic investors will also focus on surging crude prices, which rose 3% overnight. Higher oil prices will negatively impact India, the world's third-largest importer, which is also reeling under lower-than-expected monsoon rains. FIIs sold 3.54 billion rupees ($42.53 million) of shares, while domestic investors bought 3.86 billion rupees shares on Wednesday, provisional exchange data showed.

Persons: Francis Mascarenhas, FIIs, Janane Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Treasury, Dixon Technologies, Sethuraman NR, Thomson Locations: Mumbai, India, Skyserve, Bengaluru

☆ 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

☆ Indian shares set for muted opening on weak global cues
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 27 (Reuters) - Indian shares are set for a muted opening on Wednesday, tracking weakness in global equity markets as investors continue to grapple with prospects of higher interest rates denting economic growth. India's GIFT Nifty (.GIFc1) was mostly unchanged at 19,609 points at 7:34 a.m. IST on the NSE International Exchange. Meanwhile, foreign investors remained net sellers this month, offloading about $1.5 billion of shares as of Sept. 22, after pouring over $15 billion into Indian equities this year. Foreign investors sold 6.93 billion rupees of shares, while domestic investors bought 7.14 billion rupees shares on Tuesday, provisional exchange data showed.

Persons: Francis Mascarenhas, Dhanya Ann Thoppil Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, U.S, Federal, Vedanta, Sethuraman NR, Thomson Locations: Mumbai, India, Bengaluru

☆ Indian shares seen opening lower amid sustained foreign selling
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 26 (Reuters) - Indian shares are set to open lower on Tuesday, with higher-for-longer global interest rate expectations driving continuous foreign outflows from the domestic market amid subdued global sentiment. On Monday, the Nifty 50 (.NSEI) and the S&P BSE Sensex (.BSESN) closed mostly unchanged at 19,674.55 points, and 65,958 points, respectively. Foreign investors have been net sellers so far this month, offloading shares worth $1.36 billion, as of Sept. 22 after pouring in over $15 billion into Indian equities this year. On Monday, foreign institutional investors sold 23.33 billion rupees worth of shares, while domestic investors bought 15.79 billion rupees worth of shares, as per provisional exchange data.

Persons: Francis Mascarenhas, Ajith, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, BSE, U.S, Federal, Of India, Realty, Hotel, & Realty, Sethuraman, Thomson Locations: Mumbai, India, Delhi, Bengaluru

☆ Indian shares set for muted opening; Delta Corp in focus after tax notice
▼ + stars: | 2023-09-25 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. India's GIFT Nifty (.GIFc1) was up 0.25% to 19,692 points at 7:53 a.m. IST on the NSE International Exchange. Meanwhile, the Nifty 50 index recorded its worst week since February. Domestic markets have come under pressure in September with foreign investors offloading over $1 billion worth of shares as of Sept. 21. Foreign institutional investors (FII) sold shares worth 13.27 billion rupees on a net basis on Friday, while domestic investors bought 8.01 billion rupees, as per provisional stock exchange data.

Persons: Francis Mascarenhas, Abbott, Ajith, Sohini Goswami Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Delta Corp, Bajaj Finance, Abbott India, Sethuraman, Thomson Locations: Mumbai, India, India's Goa, Bengaluru

☆ Indian shares set for subdued open as Fed angst weighs
▼ + stars: | 2023-09-22 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai, India, July 12, 2023. Already, foreign investors have been net sellers so far this month, offloading shares worth $996.2 million as of Sept. 20. Foreign institutional investors (FII) sold shares worth 31.11 billion rupees ($375.2 million), on a net basis, on Wednesday and 30.07 billion rupees worth on Thursday, according to stock exchange data. Domestic investors, meanwhile sold shares worth 5.73 billion rupees on Wednesday but bought shares worth 11.58 billion rupees on Thursday, the data showed. Meanwhile, Indian government bonds will be included in JPMorgan's widely tracked emerging market debt index from June 2024, the Wall Street bank said on Friday.

Persons: Francis Mascarenhas, Dalal, Aparna Iyer, Raja, Tesla, Archishma Iyer, Anisha Ajith, Savio D'Souza Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Federal Reserve, Wipro, LG Energy, Exide Industries, Power Systems, Glenmark Pharmaceuticals, Sciences, Glenmark Pharma, Teck Resources, Sethuraman NR, Thomson Locations: Mumbai, India, U.S, Asia, Pacific, Japan, Teck

☆ India shares close at two-week low as hawkish Fed spooks investors
▼ + stars: | 2023-09-21 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. Both the indexes fell for a third straight session on Thursday, losing as much as 1%. The Fed on Wednesday held key interest rates unchanged as widely expected, but warned that the battle against inflation was far from over. Higher interest rates dry up liquidity from the markets, increasing the cost of capital. The small-cap and mid-cap stocks fell 1.3% and 0.9% on Thursday, respectively.

Persons: Francis Mascarenhas, Siddhartha Khemka, Janane Organizations: Bombay Stock Exchange, REUTERS, Rights, U.S . Federal Reserve, BSE, Motilal Oswal Financial Services, Fed, . Banking, Sethuraman NR, Thomson Locations: Mumbai, India, Bengaluru

☆ Indian shares set to open lower with HDFC, Fed decision in focus
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

India's GIFT Nifty (.GIFc1) on the NSE International Exchange was down about 0.1% at 20,080.5 points, as of 8.20 a.m IST. HDFC Bank (HDBK.NS) on Monday said its gross non-performing assets will likely increase as of July 1, after its merger with HDFC. CPP had increased its investment in Indian markets to about $15 billion, as of the fiscal year ending March. Foreign investors sold 12.37 billion rupees ($148.64 million) worth of shares on a net basis on Monday, while their domestic counterparts bought 5.53 billion rupees worth of equity, according to stock exchange data. ($1 = 83.2230 Indian rupees)Reporting by Archishma Iyer in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Niharika Kulkarni, Archishma Iyer, Sonia Cheema Organizations: Bombay Stock Exchange, REUTERS, HDFC Bank, U.S . Federal, NSE, BSE, HDFC, Investors, Bharat Dynamics, IAF, Thyrocare, Tata Motors, Thomson Locations: Mumbai, India, Canada, Bengaluru

☆ Opinion: It’s not just about its colonial past. Here’s what India’s possible name change is all about
▼ + stars: | 2023-09-20 | by ( Opinion Akanksha Singh | ) edition.cnn.com time to read: +8 min

The idea, we Indians were told each time, was to allow the nation to make a clean break once and for all with its colonial past. The question on the minds of many people who follow events in India, is why any name change would be needed. It’s an opportunity to double down on India’s Hindu identity, even in the name by which it is called. The debate is a live one, however: Some disagree, saying that no amendment to the constitution would be needed to change India’s name. Do the country’s Indian Institutes of Technology become BITs?

Persons: Akanksha Singh, Singh, Droupadi Murmu, Bharat, Narendra Modi’s, Bharat ”, Modi, It’s, Akbar, Deen Dayal, Modi’s, Rahul Gandhi, Reserve Bank of India –, I’ve, ” Encouragingly Organizations: BBC, Independent, South China Morning Post, CNN, Mumbai CNN, Modi’s Bharatiya Janata Party, BJP, Bharat, Reserve Bank of India, Institutes of Technology, India, United Nations Locations: Mumbai, South China, India, Calcutta, Kolkata, Bombay, Madras, Chennai, Allahabad, Manipur

☆ Indian shares hit fresh record highs on strong China data, U.S. rate pause hopes
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Sept 15 (Reuters) - India's benchmarks hit new record highs for the second consecutive session on Friday, tracking Asian peers, as stronger-than-expected macroeconomic data from China and easing U.S. rate concerns aided sentiment. The Nifty 50 (.NSEI) was up 0.35% to 20,173.15 by 9:15 a.m. IST, while the S&P BSE Sensex (.BSESN) gained 0.38% to 67,774.46. ($1 = 83.0300 Indian rupees)Reporting by Bharath Rajeswaran and Archishma Iyer in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Archishma Iyer, Sonia Cheema Organizations: Bombay Stock Exchange, REUTERS, Rights, BSE, Thomson Locations: Mumbai, India, China, Bengaluru

☆ India's Nifty 50, Sensex hit record highs on rising hopes of a Fed rate pause
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: 1 min

A man walks past the new logo of the Bombay Stock Exchange (BSE) building in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Sept 14 (Reuters) - India's blue-chips Nifty 50 and Sensex opened higher and hit fresh all-time highs on Thursday, as sentiment improved after U.S. inflation data cemented the likelihood of a pause in the rate hike cycle by the Federal Reserve. The Nifty 50 (.NSEI) was up 0.29% to a new all-time high of 20,127.95 by 9:15 a.m. IST, while the S&P BSE Sensex (.BSESN) gained 0.24% to 67,627.03. The Nifty had scaled new peaks on Monday and Tuesday, while the Sensex hit a record high for the first time since July 20. ($1 = 82.9000 Indian rupees)Reporting by Bharath Rajeswaran and Archishma Iyer in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Sensex, Bharath Rajeswaran, Archishma Iyer, Janane Organizations: Bombay Stock Exchange, REUTERS, Rights, Federal Reserve, BSE, Thomson Locations: Mumbai, India, Bengaluru

☆ India's Nifty scales new peak; Sensex inches towards record high
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: 1 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Sept 12 (Reuters) - Indian shares opened higher on Tuesday, with the benchmark Nifty 50 hitting a record high for the second consecutive session, ahead of retail inflation data for August. The Nifty 50 (.NSEI) index was up 0.45% at 20,079.50 by 9:16 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.44% to 67,443.08. While the Nifty hit fresh all-time high on Tuesday, the Sensex is about 0.5% shy of the record high hit on July 20. Reporting by Bharath Rajeswaran and Archishma Iyer in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Archishma Iyer, Dhanya Ann Thoppil Organizations: Bombay Stock Exchange, REUTERS, Rights, BSE, Thomson Locations: Mumbai, India, Bengaluru

☆ Indian shares open higher on hopes of US rate pause
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: 1 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 4 (Reuters) - Indian shares opened higher on Monday, after U.S. jobs data raised hopes of a U.S. Federal Reserve rate pause later this month and strong domestic macroeconomic data. The Nifty 50 (.NSEI) index was up 0.34% at 19,504.60 at 9:17 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.30% to 65,573.50. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, U.S, Federal, BSE, Thomson Locations: Mumbai, India, Bengaluru

The Nifty 50 (.NSEI) index was up 0.4% at 19,333.85 at 11:47 a.m. IST, while the S&P BSE Sensex (.BSESN) increased 0.33% to 65,043. Foreign inflows moderated to a four-month low of 122.52 billion rupees ($1.48 billion) in August. Hindalco (HALC.NS), Tata Steel (TISC.NS) and JSW Steel (JSTL.NS) were among the top Nifty 50 gainers. The Nifty 50 and Sensex have risen marginally this week so far, including today's gains. Among individual stocks, ITD Cementation (ITCM.NS) surged 11.5% on winning a contract worth 32.90 billion rupees ($397.9 million).

Persons: Francis Mascarenhas, Ghanshyam, ITD, Bharath Rajeswaran, Manvi, Eileen Soreng, Janane Venkatraman, Sonia Cheema Organizations: Bombay Stock Exchange, REUTERS, Rights, BSE, SAMCO Mutual Fund, Tata Steel, JSW, Investors, Federal Reserve, Thomson Locations: Mumbai, India, China, Manvi Pant, Bengaluru

☆ Indian shares open higher; small- and mid-caps outperform
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: 1 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Aug 31 (Reuters) - Indian shares opened marginally higher on Thursday, led by information technology (IT) stocks, ahead of the gross domestic product (GDP) data for the June quarter. The Nifty 50 (.NSEI) index was up 0.10% at 19,365.80 at 9:17 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.15% to 65,184.65. Reporting by Bharath Rajeswaran in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Bharath Rajeswaran, Eileen Soreng Organizations: Bombay Stock Exchange, REUTERS, Rights, BSE, Thomson Locations: Mumbai, India, Bengaluru

☆ A history of India's Dharavi slum and Adani's plans to redevelop it
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, Aug 28 (Reuters) - Indian billionaire Gautam Adani aims to convert Mumbai's Dharavi slum into a modern city hub, while acknowledging that resettling its 1 million residents will be a challenging task. 2004-05: Maharashtra approves redevelopment of Dharavi and appoints Slum Rehabilitation Authority to plan the project. Dubai's SecLink consortium and India's Adani Group are among the bidders. Adani Group bids $614 million, India's DLF (DLF.NS) is among other bidders. 2023: State government awards the Dharavi project to Adani Group.

Persons: Gautam Adani, Dubai's, Adani, SecLink, SecLink doesn't, Dhwani Pandya, Aditya Kalra, David Crawshaw Organizations: Slum Rehabilitation Authority, Maharashtra Social Housing, Action League, India's, Adani, India's DLF, Dhwani, Thomson Locations: MUMBAI, Bombay, Mumbai, Maharashtra, Dharavi

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