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Indices slump as BOJ hikes rates

Financial Express Mumbai

|

March 20, 2024

TCS biggest loser in Sensex pack, down 4%

- JOYDEEP GHOSH

BENCHMARK INDICES SHED over 1% each on Tuesday after the Bank of Japan (BOJ) raised interest rates for the first time in 17 years, ending an eight-year period of negative interest rates in the nation. All eyes are now on the outcome of the US Federal Reserve meeting expected on Wednesday.

The Sensex returns turned negative for calendar year 2024 after it fell 736 points or 1.01% to close at 72,012.

Tata Sons' sale of 0.65% stake in Tata Consultancy Services (TCS) for ₹9,000 crore also contributed to the fall, with the information technology (IT) giant shedding 4% and contributing 20% to the drop the highest amid Sensex stocks.

The Nifty closed at 21,817 points, down 238 points or 1.08%. However, its returns continue to be in the positive territory for the calendar year. Both the BSE mid-cap and small-cap indices also took a knock, falling 1.36% and 1.04%, respectively.

Financial Express Mumbai'den DAHA FAZLA HİKAYE

Financial Express Mumbai

₹20,000-crore AUM threshold for significant indices on table

THE SECURITIES AND Exchange Board of India (Sebi) has proposed a framework to identify \"significant indices\" which are benchmarked by mutual fund schemes with cumulative assets under management (AUM) of more than ₹20,000 crore.

time to read

1 min

January 20, 2026

Financial Express Mumbai

A strategic storm

The turmoil in Iran is an inflection point for India's foreign policy in Asia

time to read

2 mins

January 20, 2026

Financial Express Mumbai

RBI strengthens priority sector lending oversight

THE RESERVE BANK of India (RBI) on Monday issued a comprehensive set of amendments to the Priority Sector Lending (PSL) — Targets and Classification Directions, 2025, refining earlier provisioning on how banks compute adjusted net bank credit (ANBC), classify assets, and report PSL exposures.

time to read

2 mins

January 20, 2026

Financial Express Mumbai

PM Internship Scheme set for a fresh overhaul

Stipend may be more than doubled to ₹11,800

time to read

2 mins

January 20, 2026

Financial Express Mumbai

Everstone to sell stake in Burger King operator

PRIVATE EQUITY FIRM Everstone will sell its entire 11.26% stake in Burger King’s India and Indonesia franchisee Restaurant Brands Asia, as part of a deal to be announced on Tuesday, two people with direct knowledge of the matter said.

time to read

1 min

January 20, 2026

Financial Express Mumbai

RIL eyes ₹20,000-cr FMCG top line

To step up focus on foods, beauty & personal care

time to read

2 mins

January 20, 2026

Financial Express Mumbai

India, UAE target $200 bn in trade

INDIA AND THE United Arab Emirates (UAE) on Monday set an ambitious target of doubling their annual bilateral trade to $200 billion by 2032, as Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan agreed to boost cooperation in defence, energy, space and civil nuclear sectors.

time to read

2 mins

January 20, 2026

Financial Express Mumbai

IMF raises India growth estimate

Revises up FY26 outlook by 70 bps to 7.3% and FY27 by 20 bps to 6.4%

time to read

1 mins

January 20, 2026

Financial Express Mumbai

Trump sets Davos date with global CEOs

World Economic Forum's annual meet begins in Swiss ski resort

time to read

1 mins

January 20, 2026

Financial Express Mumbai

HSBC is on course for £300-bn valuation

WEEKSAFTERITS marketvalue rose above £200 billion ($268 billion) forthe first time in its history, HSBC Holdings Plc is now oncourse fora capitalization in excess of £300 billion, according to the head of the lender’s corporate and investment bankingarm.

time to read

1 min

January 20, 2026

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