Inflation (CPI) dropped in May 2024, from 4.83 per cent to 4.75 per cent (YoY). The corresponding inflation rate for rural and urban rates is 5.28 per cent and 4.15 per cent, respectively.
Indian stock markets opened on a positive note on Wednesday, with the benchmark BSE Sensex and Nifty showing significant gains in early trading.
In early trading on Tuesday, benchmark equity indices saw a decline due to profit-taking after a record-breaking rally. Bluechip stocks such as Reliance Industries and HDFC Bank faced selling pressure.
The Nifty 50 index soared to an unprecedented high, driven by robust gains across various sectors. Leading the charge were stocks in the IT, financial, and consumer goods sectors, which showed significant upward momentum.
Ramoji Rao, who revolutionised the news and entertainment industry, died at a hospital in Hyderabad early on Saturday. He was 88. An innovative entrepreneur, he pioneered a number of ventures, including the Eenadu newspaper, ETV news network and Ramoji Film City.
Kiwa PVEL releases the annual scorecard that highlights manufacturers that have produced PV modules demonstrating noteworthy results in independent Product Qualification Program (PQP) testing.
The Sensex has reached an all-time high just days after experiencing a significant downturn on election counting day on June 4. The surge follows a period of uncertainty and fluctuation, demonstrating the dynamic nature of the stock market in response to political events.
The Reserve Bank of India (RBI) has proposed a new facility to allow automatic replenishment of UPI Lite wallets to promote small-value digital payments. Currently, UPI Lite has a daily limit of Rs 2,000 and a per-transaction limit of Rs 500.
The NSE Nifty index climbed 99.4 points to 22,920.80, continuing its upward trajectory and indicating a robust trading session.
RBI Governor Shaktikanta Das revealed the next set of monetary policies on Friday morning. Earlier, experts anticipated that the RBI will maintain the benchmark interest rate at 6.5%, unchanged since February 2023, due to inflation concerns.
Nisaba Godrej, executive chairperson of Godrej Consumer, has resigned from the board of VIP Industries due to differences over leadership accountability and succession planning. Her resignation, effective June 3, 2024, was disclosed in a stock exchange filing.
Stock market: Leading companies saw gains, with NTPC, SBI, ONGC, Coal India, and Power Grid among the top performers, while Britannia, Hindustan Unilever, Cipla, Hindalco, and Nestle India experienced losses.
Julio Velarde, Governor of the Central Reserve Bank of Peru calls it a significant step towards strengthening and modernising the Peruvian payments system by expanding access to digital payments.
Among Sensex companies, IndusInd Bank jumped over 7 per cent. Tata Steel, Mahindra & Mahindra, Bajaj Finance, Kotak Mahindra Bank, Hindustan Unilever, HDFC Bank, Axis Bank and JSW Steel also emerged as big gainers.
Free Aadhaar update: The Unique Identification Authority of India (UIDAI) is providing a free update facility for Aadhaar cards until June 14. This complimentary service is available only on the My Aadhaar portal.
Earlier in fiscal 2023-24, India's real GDP accelerated to 8.2 per cent from 7.0 per cent in the previous year. It is driven by gains in gross fixed capital formation as the government's infrastructure program gained further traction even as private consumption remained subdued.
Benchmark indices Sensex and Nifty showed a strong rebound in early trade on Wednesday following significant losses in the previous session. The BSE Sensex surged 948.83 points to 73,027.88, and the NSE Nifty climbed 247.1 points to 22,131.60, driven by value-buying at lower levels.
The stock market witnessed a steep selloff, resulting in a massive loss of approximately Rs 20 lakh crore within the first 20 minutes of trading. By 9:35 am, the market capitalisation of BSE-listed companies had dropped to nearly Rs 406 lakh crore from the previous session's Rs 426 lakh crore.
Billionaire Gautam Adani’s net worth neared $100 billion as Indian stock markets surged on Monday following exit polls predicting a third term for Prime Minister Narendra Modi. The Nifty 50 and Sensex indices rose over 3%, with Adani Enterprises shares climbing nearly 6.9%.
Benchmark indices Sensex and Nifty plummeted in early trade on Tuesday as initial Lok Sabha poll counting showed a mixed trend. The BSE Sensex dropped 1,715.78 points to 74,753, and the NSE Nifty tumbled 539.1 points to 22,724.80.
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