The White Paper presented in the Lok Sabha by Finance Minister Nirmala Sitharman on Thursday states that the erstwhile Congress-led UPA government's decade of governance was marked by a policy of misadventures and scams such as the coal, telecom and Commonwealth Games corruption scandals.
Category: Market
Sensex slips below 72K mark
The weakness in the Sensex is led by the IT heavyweights with Infosys and Tech Mahindra down more than 1 per cent. The IT index is down more than 1 per cent.
Nifty suffers sharp fall in last hour of trade
Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, said Nifty traded sideways for the most part of the session. However, last-hour selling led the index to close with a loss of 82 points.
India's services sector PMI surges to 6-month high
Growth in India’s services sector rose to a 6-month high in January on the back of a higher demand and better outlook ahead, according to an HSBC report released on Monday.
Sensex zooms 1200 points, Nifty crosses 22k after Interim Budget
This clearly shows that the GoI is totally committed towards the long-term macro-economic stability, even if it comes at the sacrifice of growth in the short-term, the report said.
GST collections rise 10.4% to touch Rs 1,72,129 cr in Jan
This is the second highest monthly collections ever and marks the third month in this financial year with collection of Rs 1.70 lakh crore or more. The government has settled Rs 43,552 crore to CGST and Rs 37,257 crore to SGST from the IGST collection.
Market expectations minimal on major proposals in Interim Budget
Nifty bounced back from a weak start and closed with gains of 204 points at 21,726 levels on Wednesday, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Centre slashes import duty on mobile phone parts to 10%
In a bid to further boost mobile manufacturing in the country, the government has slashed import duty on parts used for manufacturing of mobile phones to 10 per cent from 15 per cent.
Broader market unable to hold gains on concerns of high valuations, subpar results
A tough battle unfolded in the market as the Nifty remained highly volatile throughout the day. The sentiment may continue to lean towards the bears as the Nifty struggled to surpass the 21,500 mark, where call writers held substantial positions, said Rupak De, Senior Technical Analyst, LKP Securities.
India’s first Airbus A350 takes wings with passengers from B’luru to Mumbai
Air India on Monday launched its maiden scheduled commercial flight with the country’s first Airbus A350-900 -- also the first aircraft in the new bold Air India livery -- heralding a new era for Indian aviation.
FPIs pressed massive equity sale of Rs 24,000 cr in last 3 days
There is a sudden change in the strategy of the FPIs starting January 17 and they turned massive sellers in the cash market having sold equity worth Rs 24,147 crore in three days from January 17-19, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Tata Steel to shut blast furnaces at UK plant; 2,800 jobs likely to go
Tata Steel said on Friday that it will be shutting down the two blast furnaces in its plant in the UK by the end of this year, which would result in the loss of up to 2,800 jobs at the company's Port Talbot steelworks in Wales.
FPIs sold equity massively for Rs 20,480 cr in last 2 days
An important trend in the market which has implications for retail investors is the revival of the tug of war between FIIs and DIIs, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
RBI bulletin ups India's GDP growth forecast to 7% for Oct-Dec quarter
India’s economic activity remained resilient on the back of robust domestic demand, notwithstanding the external headwinds. Supply chain pressures in India ebbed in December and remained below historical average levels, according to the RBI’s monthly bulletin released on Thursday.
Customer benefits being kept in mind while regulating Fintechs: RBI Guv
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that post-pandemic digital lending has seen an exponential rise in India and at the same time, it has also raised a host of business conduct issues on which the central bank was keeping a close watch.
Nifty midcap100 up 44% while Nifty smallcap100 surges 54%
The IPO market was very vibrant, following the bullish trend in the secondary market. 58 IPOs came to the market for subscription to raise funds worth Rs 48,000 crore against 40 IPOs last year (total issue size of Rs 64,000 crore).
'Close call at 35,000 ft': Air India flight declares emergency after engine fire scare
The cause and call for emergency? A fire engine malfunction on one of the two CFM engines powering the Airbus A320neo, creating a tense situation for the crew and passengers on board in the flight on Tuesday.
Nifty hits all-time high as Fed sounds dovish
Thanks to the dovish narrative from the US Fed at the Federal Open Market Committee (FOMC) meeting, the Nifty 50 on Thursday scaled to an all-time high level and crossed the 21,100-mark for the first time, said Pranav Haridasan, MD and CEO at Axis Securities.
RBI hikes limits for UPI payments & e-mandates, to set up cloud facility, FinTech repository
Enhancing the payment limits for Unified Payments Interface (UPI), electronic mandates, setting up of cloud facilities, the financial sector and fintech repository were some of the major announcements made by the Reserve Bank of India Governor, Shaktikanta Das on Friday.
Markets take a breather before RBI policy announcement
Among sectors, Nifty Auto, Nifty PSU Bank and Nifty Pharma ended in green while Nifty IT, Nifty FMCG and Nifty Metal ended on the lower side, he said.
Benchmark indices at record highs, markets in overbought condition
The benchmark indices reached new record highs on Monday, with Nifty surpassing 20,650 and Bank Nifty achieving a record high, gaining 1617.20 points, said Mandar Bhojane, Research Analyst at Choice Broking.
Retail investor exuberance pushing up broader market
Retail investor exuberance is pushing up the broader market. Investors should not be blinded by the recency bias and chase small caps running away without fundamental support, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Superstar investors preference for companies with low or no debt
Mid and small-cap stocks, known for their higher risk-reward ratio, have delivered high returns to investors like Kedia. Two of his top three holdings have risen by almost 100 per cent over the last year.
October sees third highest monthly inflow into equity funds
India equity mutual funds got inflows worth Rs 19,957 crore in October, up from Rs 14,091 crore in September, and the month saw the third highest monthly inflow into equity funds in the year 2023, as per Deepak Jasani, Head of Retail Research, HDFC Securities.
Bitcoin rocketing higher, topping $35,000 for the first time since May 2022
BlackRock applied in June to register a bitcoin spot ETF, which is pending approval. The company is the largest provider of ETFs in the world, managing trillions of dollars of assets. A BlackRock bitcoin ETF would give the cryptocurrency a new sense of legitimacy.