Nifty Reclaims 24,100; IMD Reports 42% Monsoon Deficit; China Sanctions US Firms | BusinessToday
Indian markets opened higher, with the Nifty reclaiming the 24,100 mark, driven by global cues following a 60-day roadmap agreement for a US-Iran deal. The
Indian markets opened higher, with the Nifty reclaiming the 24,100 mark, driven by global cues following a 60-day roadmap agreement for a US-Iran deal. The India Meteorological Department reported a 42% monsoon deficit in the first three weeks of the month, including an 82% shortfall in central India, raising concerns about future consumption. On the geopolitical front, US Trade Representative Jameson Greer is scheduled to visit New Delhi to finalise an interim trade deal with Commerce Minister Piyush Goyal, as India seeks preferential tariffs.
Meanwhile, China retaliated against recent US actions by sanctioning 56 American companies and 10 US defence firms. In the corporate sector, Reliance Industries remains in focus following its AGM announcements regarding AI investments and the Jio IPO, while Kirloskar Oil surged 16% on a data centre order win. Market experts Avinash Gorakshakar and Shailendra Bhatnagar advised investors to adopt a staggered buying approach, highlighting value in PSU banks and the broader market.
Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. All you need to do is PRESS THE BELL ICON next to the Subscribe button! India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.
Stay tuned for latest updates and in-depth analysis of news from India and around the world! WhatsApp Channel
The BriefWire