Month: June 2025

[ad_1] India’s services sector showed continued strength in May, with businesses reporting solid growth in activity, hiring, and international demand. The HSBC India Services PMI Business Activity Index edged up to 58.8 from 58.7 in April, reflecting another sharp expansion. A reading above 50 indicates growth, while anything below signals contraction. The sector’s momentum was underpinned by healthy demand conditions, effective advertising, and repeat orders from loyal customers. Firms also gained new clients and reported a surge in export orders, particularly from Asia, Europe, and North America. “India registered a 58.8 services PMI in May 2025, broadly in line with the steady readings from recent months. Strong international demand continued to fuel services activity, as evidenced by the new export business index's uptick from April,” said Pranjul Bhandari, Chief India Economist at HSBC. With demand swelling, companies expanded their workforce […]

[ad_1] The rupee opened on a weak note at 85.69 on Wednesday and slipped further by 25 paise to hit 85.86 against the US dollar during early trading hours. The fall follows a 22 paise drop on Tuesday, when the domestic currency settled at 85.61. Currency traders attributed the rupee’s decline to ongoing outflows of foreign funds. On Tuesday, Foreign Institutional Investors (FIIs) sold Indian equities worth Rs 2,853.83 crore, according to exchange data. Despite the fall, the rupee found some support from positive signals in the domestic stock market, falling global crude oil prices, and a weak US dollar. The dollar index, which measures the greenback against six major global currencies, was down 0.05% at 99.18. Meanwhile, Brent crude prices dipped 0.32% to USD 65.42 per barrel in futures trade. According to Anil Kumar Bhansali, head of Treasury at […]

[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Gujarat State Fertilizers & Chemicals (GSFC), Indegene, and Redington are the top stocks to buy today:GSFC – Positional BuyBuy near ₹209–₹203 | Stop Loss: ₹180 | Target: ₹260GSFC has witnessed a falling trendline breakout on the weekly chart, indicating a shift in long-term trend. The higher high – higher low structure confirms a reversal from the downtrend. On the daily chart, the stock has reclaimed both 200 DEMA and 200 SMA, reinforcing bullish strength. Weekly RSI is also on the verge of a breakout, hinting at further momentum.INDEGENE – Breakout CandidateBuy near ₹625 | Stop Loss: ₹580 | Target: ₹700Recently listed Indegene gave a trendline breakout in today’s session. The breakout also resembles a bullish […]