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Dalal Street outlook: What will guide market sentiments this week?
Dalal Street is set for a busy week as investors will be tracking domestic and global developments. The RBI's interest rate decision, key economic data releases, crude oil prices and the evolving US-Iran situation are expected to be the main factors driving market sentiment. Market participants will also keep a close watch on macroeconomic indicators, foreign investor activity and movements in the rupee against the US dollar for cues on the near-term outlook for equities.
Haryana guest teacher suspended days after joining Cockroach Janta Party protest
GURGAON: A guest teacher at a government school in Haryana's Rohtak district has been placed under suspension days after participating in a protest organised by the Cockroach Janta Party (CJP) at Delhi's Jantar Mantar on June 6. The suspension order, issued by the District Elementary Education Officer, on Wednesday, stated that Sulekha Dalal would remain under suspension with effect from June 8. However, the order did not mention the reason for the action, news agency PTI reported.
Visa problems shut poorest countries out of crucial UN climate talks in Bonn
Visa problems shut poorest countries out of crucial UN climate talks in Bonn Several of the world’s poorest and most climate vulnerable countries say their negotiating abilities will be hurt at talks in Germany this month due to their delegates being unable to obtain visas - Bookmark - CommentsGo to comments Obstacles around obtaining visas will shut some of the world’s poorest and most climate-vulnerable countries out of crucial UN climate talks that are taking place in Germany this month,...
Rupee begins week at 95.35 against US dollar amid Middle East chaos
Rupee began the week on a negative note, with market sentiment weighed down by a stronger dollar, rising crude oil prices and escalating geopolitical tensions. On Monday, the domestic currency opened at 95.35 against the US dollar in the interbank foreign exchange market, slipping 17 paise from its previous close of 95.18. The decline comes after rupee posted its strongest single-day gain in nearly two months on Friday, when it appreciated 56 paise following the Reserve Bank's measures aimed...
Rupee rebounds 20 paise to 95.41 against US dollar
Rupee began Tuesday on a stronger note, rising 20 paise against the US dollar in early trade, supported by a easing oil prices and the US dollar index, after the pause in hostilities between the United States and Iran. According to forex traders, the domestic currency opened on a stronger footing after Israel and Iran agreed to de-escalate tensions and ease strikes. At the interbank foreign exchange market, the rupee opened at 95.47 against the US dollar and later touched 95.41, marking a...
India IPO gold rush becomes foreign firms’ cash-out machine
Foreign companies are increasingly using India’s booming initial public offering (IPO) market to cash out investments and send billions of dollars back to their home countries rather than raise fresh capital for expansion, according to a Reuters analysis. As per the report, only one of the six foreign-based companies that listed their Indian subsidiaries in Mumbai since 2024 raised new funds. The remaining IPOs were structured entirely as Offer for Sale (OFS) issues, allowing existing...