RBI targets 5.2 per cent retail inflation for first half of FY22
Business | April 07, 2021 12:02 ISTThe food inflation trajectory will critically depend on temporal and special progress of southwest monsoon in the 2021 season.
The food inflation trajectory will critically depend on temporal and special progress of southwest monsoon in the 2021 season.
30-share BSE index was trading 199.01 points or 0.40 per cent higher at 49,400.40 and broader NSE Nifty advanced 68.90 points or 0.47 per cent to 14,752.40.
Equity benchmark indices traded lower during early hours on Thursday following weak global cues amid concerns about rising coronavirus cases and extension of lockdown measures in some countries.
The Bharatiya Janata Party (BJP) on Friday issued a whip to all its members in the Lok Sabha and asked them to be present in the House on March 22, requesting their support for the government's stand on "very important legislative business".
Equity benchmark indices closed over one per cent higher on Monday amid upbeat news on corporate earnings, economic data and updates on vaccination drive.
Four more states -- Assam, Haryana, Himachal Pradesh, and Punjab have undertaken "Ease of Doing Business" reforms stipulated by the finance ministry.
Equity benchmark indices dipped marginally during early hours on Thursday amid mixed global cues with Nifty private bank lowering by 1.2 per cent.
Budget 2021 focused on infrastructure development to boost growth and create jobs. However, has been no relief for the middle class as I-T slabs remain unchanged.
Equity benchmark indices swung between gains and losses in an extremely volatile trade on Friday as investors awaited the presentation of Union Budget next week. Meanwhile, the Economic Survey said economy can contract by 7.7 per cent in fiscal 2020-21, pulled down mainly by coronavirus pandemic and subsequent lockdowns to contain the spread of disease. Real GDP growth can come at 11 per cent in the next financial year 2021-22 beginning April 1, it said. At the closing bell, the BSE SandP Sensex was down by 589 points or 1.26 per cent at 46,285 while the Nifty 50 lowered by 183 points or 1.32 per cent to 13,635. Most sectoral indices at the National Stock Exchange were in the red with Nifty auto plunging by 2.9 per cent, IT by 2.6 per cent, metal by 1.9 per cent and pharma by 1.8 per cent. Among stocks, Dr Reddy's was down by 5.3 per cent to Rs 4,613.55 per share. Auto majors suffered a blow with Maruti Suzuki skidding by 4.8 per cent, Hero MotoCorp by 3.7 per cent and Bajaj Auto by 2.7 per cent. Tata Steel cracked by 3.3 per cent, JSW Steel by 2.9 per cent, Bharti Airtel by 3.2 per cent, NTPC by 3.1 per cent and Wipro by 2.7 per cent. However, IndusInd Bank gained by 6.1 per cent to Rs 851.90 per share while ICICI Bank rose by 2 per cent and HDFC Bank by 1.4 per cent.
Equity benchmark indices erased early gains and traded flat during early hours on January 29 ahead of the Economic Survey to be tabled in Parliament.
Equity benchmark indices began the first trading session of year 2021 on a positive note with the possibility of touching new height.
Equity benchmark indices traded at flat levels during thin year-end trading on Thursday with IT and FMCG stocks losing steam.
Equity benchmark indices moved up 0.7 per cent during early hours on December 29 as foreign fund flows seemed unstoppable and the global cues equally supportive.
Equity benchmark indices hit fresh highs during early hours on Monday amid positive global cues after US President Donald Trump signed into law a 2.3 trillion dollar pandemic aid and spending package.
Equity benchmark indices fluctuated between gains and losses during early hours on December 23 as investor focus globally swung between concerns about a new faster-spreading variant of the coronavirus and hopes that more US fiscal aid will propel an
Equity benchmark indices witnessed volatility during early hours on Friday tracking mixed Asian trends which defied a broader global rally. The BSE SandP Sensex opened at 47,026 but levelled 147 points or 0.31 per cent lower to 46,743 at 10:15 am.
Equity benchmark indices traded with thin gains during early hours on Thursday amid mixed global cues ahead of the weekly options expiry.
Equity benchmark indices dropped by 0.7 per cent during early hours on Tuesday as traders booked profits amid weak signals from Asian markets.
Farmers took the national centrestage on Tuesday as their call for a ‘Bharat Bandh’ to push for a repeal of the new agri laws disrupted life in myriad ways with shops closed, transport affected and protesters squatting on roads and train tracks.
The Delhi government will set up a high-tech business park at Rani Khera in 150-acre land, which will be just 15 minutes away from the Indira Gandhi International (IGI) airport.
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