Sensex plunges 500 points; Nifty falls 160 points at 18,962
October 26, 2023 11:59 ISTForeign Institutional Investors (FIIs) offloaded equities worth Rs 4,236.60 crore on Wednesday, according to exchange data.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,236.60 crore on Wednesday, according to exchange data.
Reserve Bank of India: RBI asked banks to ensure the presence of at least 2 WTDs, including MD & CEO, on their boards, to address issues and challenges. The number of WTDs should be decided by board of the bank by taking into account factors such as the size of operations, business complexity etc.
The nutrient-based subsidy rates on the fertilisers has been increased for various nutrients, like nitrogen, phosphorous, potash and sulphur from October 1, 2023 to March 31, 2024.
The Sensex, which comprises 30 large-cap companies listed on the BSE, opened at 62,987.25 points and eventually settled at 63,031.91 points, marking a gain of 0.07% or 40.73 points compared to its previous closing.
The increasing demand for eco-friendly packaging solutions has further driven the growth of the MSME sector and the industry as a whole.
In addition to renewable energy, India's electric vehicle (EV) industry is gaining momentum, largely due to awareness programs by the government, agencies, and companies.
Indian economy: The digital transformation of India that is currently underway is expected to accelerate the growth of e-commerce, changing the retail consumer market landscape over the next decade.
Vedanta said Shrivastava resigned as the CFO with effect from the close of business hours on October 24 "due to personal reasons”. Goel was earlier associated with Vedanta as acting CFO of the company between October 23, 2021 and April 9, 2023.
Parag Desai was the Executive Director of the company. He spearheaded sales, marketing and export departments for the group. Holding an MBA (from Long Island University USA) was an expert tea taster and evaluator.
Several sectors are contributing to the upward momentum, with banking, IT, and pharmaceuticals showing positive trends in early trade. This is in line with the broader market optimism regarding the growth and profitability of these sectors.
Data from depositories shows that foreign portfolio investors sold shares worth Rs 12,146 crore this month (till October 20), following net selling in September where they pulled out Rs 14,767 crore. Prior to these outflows, FPIs were consistently buying Indian equities in the last six months.
Two main types of derivative contracts are Futures and Options. These contracts involve agreements between buyers and sellers to buy or sell the underlying asset at a specified price within a certain timeframe.
Coal is a primary energy source in India, meeting 55% of the nation's energy needs, with Coal India producing over 80% of the country's coal. The stock prices of both GOCL Corp and Coal India saw notable movements following this development.
The upcoming general elections and increased government spending on infrastructure projects are expected to further boost demand. However, fluctuating commodity prices may impact future growth.
The Rs 1,000 notes did not remain a legal tender after PM Modi announced demonetisation on November 8, 2016. There have been speculations of its re-introduction since RBI's announcement on the withdrawal of Rs 2,000 notes from circulation.
Earlier on May 2, Go First cancelled its flights and filed for voluntary bankruptcy before the National Company Law Tribunal (NCLT), alleging delays on the part of a US-based engine maker.
Essential food items prices: The central government on Oct 18 extended restrictions on sugar exports beyond October 31, 2023 and till further orders, a move aimed at increasing the availability of the commodity in the domestic market during the festive season.
Quoting the reason behind the decision, Nokia said it is aiming to lower its cost base by between ($843 billion and 1.2 billion euros by the end of 2026. That was set to lead to a reduction from 86,000 employees now to between 72,000 and 77,000 during that time period.
the Nifty 50 index experienced a challenging day, trading at 19,566 points, a 0.59% decrease.
Highlighting India's distinct progress, Shambaugh mentioned that India has effectively advanced bilateral links between its Unified Payments Interface system and those of other nations, such as Singapore and the United Arab Emirates.
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