The 30-share BSE index ended 764.83 points or 1.31 per cent lower at 57,696.46. Similarly, the broader NSE Nifty tanked 204.95 points or 1.18 per cent to 17,196.70.
The Fintech industry has achieved huge scale and found acceptability among the masses, Prime Minister Narendra Modi said while inaugurating the Infinity Forum.
Gopinath would replace Geoffrey Okamoto who plans to leave the Fund early next year.
HDFC was the top gainer in the Sensex pack, climbing nearly 4 per cent, followed by PowerGrid, Sun Pharma, Tata Steel, Tech Mahindra and Bajaj Finserv. On the other hand, ICICI Bank and Axis Bank were the losers.
Fuel prices have fallen in Delhi as it reduced the value added tax (VAT) on the fuel from 30 per cent to 19.40 percent on Wednesday.
At the interbank foreign exchange, the rupee opened weak at 75.06 and lost further ground to quote 75.07 against the American dollar.
The 30-share index ended 619.92 points or 1.09 per cent higher at 57,684.79. Similarly, the NSE Nifty surged 183.70 points or 1.08 per cent to close at 17,166.90.
Banks are required to make an annual review of accounts in which there are no operations for more than one year.
The GST revenues for the month of November 2021, are 25 per cent higher than November 2020, and 27 per cent higher over Nov 2019.
This is the 2nd highest price of 19 kg commercial cylinder after 2012-13 when it used to cost around Rs 2,200 per cylinder.
The 30-share index was trading 515.05 points or 0.90 per cent higher at 57,579.92 in initial deals. Similarly, the Nifty rose 185.15 points or 1.09 per cent to 17,168.35.
Amidst the tremendous price swings in the crypto market, the central government is set to introduce a bill to regulate crypto assets and cryptocurrencies in India in the ongoing Winter Session of Parliament.
Minister of State for Finance Bhagwat Kishanrao Karad said banks do have "problems" in lending to police and politicians. Banks see track record before lending to these customers, he added.
Nirmala Sitharaman had on Monday said that the government has no proposal to recognise Bitcoin as a currency in the country.
India Ratings said that the economy to grow 8.3 per cent in Q2 and close the year with 9.4 per cent in FY'22, which is 10 bps lower than the consensus forecast.
The directions were contained in 'RBI (Fraud-Classification & Reporting by commercial banks & select FIs) Directions 2016', and 'Guidelines on Sale of Stressed Assets by Banks'.
India has the highest number of cryptocurrency holders in the world at 10.07 crore, according to broker discovery and comparison platform BrokerChooser.
On Friday, equity markets in India and several countries declined sharply followed by the reports of the new variant in South Africa.
Paytm's consolidated total income increased by 49.6 per cent to Rs 1,086.4 crore during the reported quarter from Rs 663.9 crore in the corresponding period of FY'21.
The revised tariff rates of Reliance Jio will be effective from December 1 and can be opted from all existing touchpoints and channels.
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