Indian equity markets started the week on a high note, with the Nifty50 index touching an all-time high of 25,925.80. While most sectors traded in the green, the Nifty PSU Bank Index was the star performer, registering its sharpest single-day gain in over two months. Nifty PSU Index Leads the Rally The Nifty PSU Bank …
On October 9, 2024, Forbes unveiled its highly anticipated list of India’s 100 richest individuals, showcasing the remarkable wealth and entrepreneurial spirit of the nation. This annual ranking highlights the dynamic shifts in India’s financial landscape, reflecting the fortunes of business magnates across various industries. As the country continues to evolve economically, this list not …
On October 9, 2024, Indian stock market indices, the BSE Sensex dropped by 0.21% to close at 81,467.10. The Nifty50 on the other hand, closed at 24,981.95 down by 31.20 points (-0.12%). Out of the 50 stocks in the Nifty50 index, here are the top 5 gainers for the day: Cipla Ltd share price opened …
The benchmark indices, BSE Sensex and NSE Nifty50, lost their early gains and ended in the red on Wednesday. The Sensex dropped by 167.71 points (0.21%) to close at 81,467.10 after trading between 82,319.21 and 81,342.89. Similarly, the Nifty50 fell by 31.20 points (0.12%) to finish at 24,981.95, with a trading range of 25,234.05 to …
Windfall Tax on Crude Oil Slashed to Zero The Indian government announced a significant change in its taxation policy on Tuesday, slashing the windfall tax on domestically produced crude oil to ‘nil’ per tonne effective September 18. This tax, officially known as the Special Additional Excise Duty (SAED), is reviewed and adjusted fortnightly based on …
India’s bond market is about to get a serious upgrade! Coming September 2025, India will officially join FTSE Russell’s $4.7 trillion Emerging Markets Bond Index (EMGBI), something that’s expected to bring billions of dollars in fresh foreign investment. After being on the watchlist for three years, India will hold a weightage of 9.35%, making it …
On October 8, 2024, Indian stock market indices, the BSE Sensex rose by 0.72% to close at 81,634.81. The Nifty50 on the other hand, closed at 25,013.15 up by 217.40 points (0.88%). Out of the 50 stocks in the Nifty50 index, here are the top 5 gainers for the day: On Tuesday, Trent Ltd’s share …
On October 8, Indian stock markets bounced back after five days of losses. The BSE Sensex rose by 584.81 points, or 0.72%, closing at 81,634.8. Similarly, the Nifty50 increased by 217.38 points, or 0.88%, to finish at 25,013.15. This rise came as investors reacted to the results of the Assembly elections and as the sharp …
Markets regulator Sebi has extended the deadline for social enterprises registered with the Social Stock Exchange (SSE) to submit their annual disclosures and ‘annual impact report’ for the financial year 2023-24 to January 2025. Previously, these enterprises were required to submit their reports by October 31, 2024. The annual report must include details on governance, …
On October 7, 2024, Indian stock indices Nifty 50 and Sensex fell by 0.87% and 0.78%, closing at 24,795.75 and 81,050.00, respectively. Nifty Bank dropped 1.91% to 50,478.90, while Nifty 500 declined by 1.50% to 23,181.95. The Nifty VIX, which measures market volatility, increased by 6.74% to 15.08, indicating higher market fluctuations. Out of the …
