News Overview

The rupee opened at 83.5100 against the U.S. dollar, a decrease from the previous session's 83.4500.

Overall MF AUM fell in March, but retail shares further improved in the month.

Despite the bounce in WPI inflation, the full year reading for FY24 was still in the negative.

On Monday, the rupee fell 6 paise to 83.44 versus the US dollar, reflecting significant losses in equities markets.

IndiGo's market share rose to 60.5% in March 2024, from 60.1% in February. IndiGo ranked third in on-time performance (OTP) at 81.3%.

Following Lemon Tree Premier, which opened in Kathmandu earlier in April, Tigerland Safari, a Lemon Tree resort in Chitwan, Nepal, is the company's second property in the neighbouring country.

IREDA was down 4.96% but significantly off its day's low of ₹153.25 on the National Stock Exchange (NSE), closing at ₹158.90.

The project will be developed by Mahindra Susten, its platform for sustainable energy, in collaboration with the Ontario Teachers' Pension Plan Board, a strategic partner.

It is anticipated that the acquisition will expand the company's presence in Tamil Nadu and Kerala, two southern markets.

At the end of trading, the Sensex dropped by 845.12 points or 1.14% to 73,399.78, while the Nifty declined by 246.90 points or 1.10% to 22,272.50. Of the total stocks traded, 761 advanced, 2,636 declined, and 102 remained unchanged.