Reuters India Business

By Jaspreet Kalra MUMBAI(Reuters) – The Indian rupee and local equities have been increasingly moving in sync over the past month as muted portfolio flows alongside lingering uncertainty over U.S. tariffs continue to cloud investor sentiment. The rupee’s 30-day correlation with the benchmark Nifty 50 index has tightened to 0.66, the highest level since mid-May, …

Rangebound patterns tighten rupee’s correlation with Indian stocks Read More »

(Reuters) -India’s Wipro rose as much as 4% on Friday after the country’s fourth-largest IT firm reported better-than-expected quarterly earnings, driven by improved client spending in segments of its Americas business. At least six brokerages upgraded Wipro’s stock after the company posted a 0.8% rise in first-quarter revenue and an 11% jump in net profit, …

Wipro shares rise as Indian IT firm’s quarterly results top estimates Read More »

(Reuters) -Shares of India’s Axis Bank shed 4.6% on Friday, a day after the private lender reported an unexpected drop in June-quarter profit, with analysts citing higher credit costs and margin pressures as key concerns. The stock was on track for its worst day in six months and was the top loser on Nifty Bank …

India’s Axis Bank tumbles on disappointing June quarter, asset quality woes Read More »

By Bharath Rajeswaran (Reuters) -Trading in India’s weekly equity index options has slumped by a third since the country’s market regulator banned U.S. high-frequency trading giant Jane Street in the local market earlier this month, exchange data showed on Thursday. National Stock Exchange of India – the world’s largest derivatives exchange by number of contracts …

India stock exchange derivative activity slips by a third since Jane Street trading ban Read More »

(Reuters) -India is looking to improve the quality of the derivatives market by extending the tenure and maturity of such contracts, an official at the markets regulator said in a speech on Thursday. “We must look for further ways to further deepen our cash equities markets, even as we look to improve the quality of …

India markets regulator looks to extend tenure of derivatives contracts, official says Read More »

By Sarah Qureshi (Reuters) – Gold prices edged lower on Thursday, weighed down by a stronger dollar and robust U.S. economic data, while caution persisted as markets awaited clarity on tariff developments.  Spot gold fell 0.3% to $3,337.43 per ounce by 0155 p.m. EDT (1755 GMT) after hitting a session low of $3,309.59.  U.S. gold …

Gold eases on firmer dollar, solid US data Read More »

By Haripriya Suresh (Reuters) -Indian IT services exporter LTIMindtree reported first quarter revenue just below estimates on Thursday, as cautious spending by clients slowed growth in its key North America market to the lowest in over a year. Persistent inflation, weak demand and U.S. trade policy uncertainties are delaying non-essential tech projects, weighing on hopes …

India’s LTIMindtree narrowly misses quarterly revenue estimates, expects growth ahead Read More »

By Nishit Navin and Ashwin Manikandan BENGALURU (Reuters) -Axis Bank, India’s fourth-largest private lender by market value, posted an unexpected drop in first-quarter profit on Thursday as its bad loans surged after a one-time industry benchmarking exercise. The bank’s gross slippages, or loans classified as bad assets for the first time, ballooned to 82 billion …

India’s Axis Bank posts surprise profit drop as bad loans surge after benchmarking exercise Read More »