The move will also create economies of scale and make India an integral part of the global supply chain. Signifying a new policy paradigm where global players are unapologetically celebrated and promoted through incentives, the Cabinet on Wednesday approved a production-linked incentive (PLI) scheme for 10 high-potential sectors, including automotive, …
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The benchmark indices fluctuated between gains and losses on Friday as the RBI’s monetary policy committee (MPC) left the buyback rate unchanged at 4 percent. Governor RBI said the MPC has decided to continue with the “complacent” stance. The RBI forecasts that fiscal year 21 GDP will contract 9.5 percent, …
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Extending their winning streak to the fifth straight session, the benchmark indices finished nearly a percent higher on Wednesday, led by purchases at Reliance Industries (RIL) and HDFC Bank. Among the major indices, the S&P BSE Sensex closed 304 points, or 0.77 percent higher at 39,879 levels, and the Nifty50 …
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NSE’s Nifty finished above 11,500 marks at 11.503, up 0.76 percent. Benchmark equity indices closed nearly 1 percent higher on Monday, driven mainly by information technology (IT) stocks and private sector lenders such as HDFC Bank and ICICI Bank. Shares in information technology (IT) companies were on a roll after …
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Indian markets soared more than 1 percent on Thursday, supported by favorable global signals. Among the major indices, the S&P BSE Sensex rose 600 points to 38,680 levels, and the Nifty50 index surpassed the 11,400 mark. Bajaj Auto and IndusInd Bank (up 5%) were the top winners for Sensex, followed …
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Photo: Kamlesh Pednekar Indian markets were trading more than half a percent higher in Wednesday’s volatile session, driven mainly by consumer goods and pharmaceuticals stocks. Among the major indices, the S&P BSE Sensex was trading around 38,210 levels, up 210 points, and the Nifty50 index was testing the 11,300 mark. …
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The trend among the Nifty sector indices was largely negative, led by the Nifty PSU Bank index, which was down more than 2%. The benchmark indices ended Tuesday’s volatile session on a flat note with a negative bias. The S&P BSE Sensex ended at 37,973 levels, down 8 points or …
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Indian stock markets rose half a percent on Wednesday, driven primarily by gains in information technology (IT) and auto stocks. The S&P BSE Sensex rose 250 points to 37,960 levels and the Nity50 index hovered around the 11,250 mark. Reliance Industries gained 2 percent after the company announced that KKR …
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National benchmarks witnessed a widespread sell-off in Monday afternoon trading amid weak global signals. The sell-off was triggered after the International Consortium for Investigative Journalism (ICIJ) reported reports of suspicious activity, or top-secret SARs, valued at more than $ 2 trillion globally. These transactions are not absolute proof of fraud …
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The benchmark indices slid into the red zone after giving up their modest opening gains in the volatile session on Friday. The S&P BSE Sensex hovered around 38,760 points after falling around 150 points from the opening highs. The Nifty50 index also dropped the 11,450 mark. Titan, HDFC Bank, Kotak …
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