At Scoop’d Up, we simplify the day’s top business news for you. Here are the three major stories making headlines on April 21, 2025:
1. Sensex Breaches 75,000-Mark for the First Time
The BSE Sensex has achieved a significant milestone by crossing the 75,000 mark for the first time. This surge is attributed to strong Q4 earnings expectations, robust U.S. economic data, and easing oil prices. Notably, companies like Infosys, Apollo Hospitals, LTIMindtree, Tech Mahindra, and Adani Ports have led the rally, reflecting positive investor sentiment.
2. Indian Rupee Strengthens Amid Positive Foreign Inflows
The Indian rupee is trading on a positive note, bolstered by solid foreign portfolio inflows and a weak U.S. dollar. The currency appreciated nearly 0.8% to close at 85.3675 against the dollar last Thursday. Increased foreign investor interest, with over $1.5 billion in net stock purchases, and easing U.S.-China trade tensions are supporting the currency. Analysts expect the USD/INR pair to move between 85 and 85.80 in the near term.
3. SEBI to Review ESG Disclosure Norms for Listed Companies
The Securities and Exchange Board of India (SEBI) has announced plans to reassess the Environmental, Social, and Governance (ESG) disclosure requirements for listed companies. This move comes in response to industry feedback regarding the challenges of current reporting mandates, particularly for smaller firms. SEBI aims to ensure that ESG disclosures are both meaningful and manageable, promoting transparency without overburdening companies.
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