Bharti Airtel also made significant gains, climbing by 2.38% to Rs 1,342.95, amid expectations of tariff hikes post-general elections. Additionally, Tech Mahindra Ltd (TecM), Titan Company Ltd, and Infosys Ltd each recorded gains of over 2%.
The new rates on deposits less than Rs 2 crore are effective from May 15, 2024. Senior citizens would be eligible for an additional 50 basis points on the revised rates as per the norms.
The benchmark indices, Sensex and Nifty, displayed encouraging gains in early trade on Thursday. The positive momentum witnessed across various sectors further underscored the broad-based nature of the market rally.
The just-concluded financial year, 2023-24, saw India's exports soaring to unprecedented heights, surging past the remarkable milestone of USD 778 billion. The surge in exports reflects the concerted efforts of various stakeholders, including government initiatives and proactive policy reforms.
As per the survey, the female unemployment rate in the urban areas decreased from 9.2 per cent in January-March 2023 to 8.5 per cent in January-March 2024.
Nifty, which tracks the performance of the top 50 companies listed on the National Stock Exchange (NSE), recorded a slight dip of 17.30 points. It settled at 22,200.55 by the end of the trading session, signalling a subdued market trend.
There are instances where using a credit card is not feasible, such as obtaining a mortgage, purchasing stocks, or sending money orders. In such cases, transferring money from your credit card to your bank account is an option. However, you may have to pay charges for this.
As the midweek trading session commences, the stock markets welcomed investors with a buoyant start, painting the trading boards green with promising uptrends. The benchmark indices, Sensex and Nifty, led the charge, displaying encouraging gains in early trade.
Like other companies in United States, Walmart is shifting its strategy towards more in-person work after years of pandemic-induced remote working. At one point it even endorsed remote work as the new norm.
The stock market surged on Tuesday, with both the Sensex and Nifty marking their third consecutive day of gains. Led by strong performances in the auto, metal, and banking sectors, the Sensex climbed 328 points to reach 73,105, while the Nifty settled at 22,218, up by 114 points.
Wholesale inflation: In April, India witnessed a further rise in wholesale inflation, primarily driven by increases in food and energy prices.
In the early trade, the 30-share BSE Sensex climbed 225.92 points to 73,002.05. Meanwhile, the Nifty declined was also up by 78.65 points to 22,182.70 points.
The proposed move is in the backdrop of a booming India's online retail sector. The sector is projected to surge to USD 325 billion by 2030 from USD 70 billion in 2022, as per a report by Deloitte Touche Tohmatsu India.
While formulating its bi-monthly monetary policy, the RBI considers consumer inflation. It notes that uncertainties surrounding food prices continue to exert influence on the inflation trajectory in the foreseeable future.
“We hope to continue to maintain this rating with progress on our ambitious Net Zero goal to achieve net zero emissions across our food delivery value chain by 2033,” said Deepinder Goyal, Founder & CEO, Zomato Hyperpure.
The Sensex and Nifty rebounded dramatically on Monday, spurred by buying in HDFC Bank, ICICI Bank, and Tata Consultancy Services. The BSE Sensex closed higher by 111.66 points, or 0.15%, at 72,776.13 after hitting a low of 71,866.01 during the day.
India's GDP grew at a massive 8.4 per cent during the October-December quarter of the financial year 2023-24, and the country continued to remain the fastest-growing major economy and is poised to maintain its growth trajectory going ahead.
Forex reserves are assets that are held by a nation's central bank or monetary authority. It's generally held in reserve currencies, usually US Dollar and, to a lesser degree, Euro, Japanese Yen, and Pound Sterling.
The manufacturing sector, which provides quality jobs to the young graduates passing out from the country’s universities and engineering institutes, posted a 5.2 per cent growth during the month.
Gold rates in India saw a slight increase on Friday, coinciding with the celebration of Akshaya Tritiya. In Delhi, 10 grams of 24-carat gold was priced at Rs. 73,240 today, while on the Multi Commodity Exchange (MCX), gold contracts for June delivery traded higher by Rs 93 at Rs 73,090 per 10 grams.
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