The domestic stock market scripted a strong recovery on Friday—the fifth consecutive day of fall—which has been one of the most rare instances. A spectacular performance of blue-chip stocks and strategic value buying lifted the Nifty with nearly 2% gain to a fresh record, while the Sensex surged 1,293 points. Markets SummaryThe 30-share BSE Sensex…
The Indian stock market opened on Thursday, July 25, 2024, with notable declines in the Sensex and Nifty indices. The underperformance of the financial and metals sectors was a significant factor in the downward trend, greatly influencing overall market sentiment. Morning Market Performance The BSE Sensex dropped by 490 points, trading at 79,688.07, while the…
The Union Budget 2024, unveiled by Finance Minister Nirmala Sitharaman, is a testament to the government’s commitment to bolstering technological advancements, ensuring data protection, and driving regional development across India. This comprehensive budget includes significant allocations aimed at cybersecurity, the establishment of the Data Protection Board (DPB), and substantial development projects in Bihar and Andhra…
Nirmala Sitharaman, the Finance Minister, unveiled the Budget 2024, which includes a number of transformative initiatives that are designed to stimulate economic growth and development. Key highlights and market reactions are summarized below. Significant InformationLoan Limits for Mudra: In order to assist entrepreneurs and small enterprises, the loan limits for Mudra have been increased from…
The Sensex has declined by 150 points, while the Nifty is currently at 24,450. Updates to the 2024 Budget in Real TimeAs Finance Minister Nirmala Sitharaman delivers the Union Budget for the seventh consecutive year, India’s stock markets are undergoing substantial volatility. Investors are intently monitoring her speech to gain insight into the NDA government’s…
As the deadline for filing income tax returns (ITR) approaches, taxpayers are reminded of the critical importance of submitting their returns on time. The July 31, 2024 deadline for the fiscal year 2023-24 is fast approaching, and failing to meet this deadline can lead to significant financial penalties and legal repercussions. Understanding the Penalties: For…
Today, July 17, Indian stock markets, including BSE and NSE, remain closed in observance of Muharram. Trading will resume tomorrow, July 18. Muharram marks the beginning of the Islamic New Year and holds significance for Muslims worldwide as a time of reflection and remembrance. On July 16, the Indian benchmark indices hit new highs, with…
Leading as Sensex and Nifty Hit, ICICI Bank, Infosys, and Airtel Reach New Highs: Stock Market Highlights The day Tuesday, July 16, 2024, was noteworthy for the Indian stock market when the BSE Sensex and NSE Nifty50 reached new highs during the results season of the June quarter. On July 12, 2024, the BSE Sensex…
With a net profit of ₹383.69 crore for the first quarter of the fiscal year 2024–25, the Indian Renewable Energy Development Agency (IRDA) has announced a significant 30% rise. This amazing increase, from ₹ 294.58 crore in the same period last year, is mostly due to higher revenues.Reducing its net non-performing assets (NPAs), which declined…
Reserve Bank of India (RBI) Governor Shaktikanta Das stated on Thursday that retail inflation in India is expected to be close to 5% for June, in line with surveys conducted by the RBI. The official data on retail inflation for June is anticipated on Friday. Speaking with CNBC-TV18, Das underscored the unpredictability of the current…
