BUSINESS
Sensex Declines by 264 Points; Power Grid and ICICI Bank Among Top Losers
During intraday, Sensex and Nifty touched a new all-time high of 85,978 and 26,277 respectively.
Sensex Closes at All-Time High with Auto Stocks Leading the Surge
The SENSEX pack remained bullish with the leader among gainer stocks being Maruti Suzuki (NS: MRTI), Tata Motors (NS: TAMO), Bajaj Finserv (NS: BJFS), M&M (NS: MAHM), Tata Steel (NS: TISC), JSW Steel (NS: JSTL), UltraTech Cement (NS: ULTC), Bajaj Finance (NS: BJFN), Nestle (NS: NEST), Sun Pharma (NS: SUN), HUL, SBI (NS: SBI), Wipro (NS: WIPR), Asian Paints (NS: ASPN), ITC, and IndusInd Bank (NS: INBK). All other stocks closed in the red except L&T and NTPC (NS: NTPC).
Nita and Akash Ambani Join Viacom 18 Board Ahead of Merger with Disney
Those on board are chairperson of Reliance Foundation Nita Ambani and chairman of Reliance Jio Infocomm Akash Ambani, industry sources added.
Viacom18 is the holding company that owns the media and entertainment business of billionaire Mukesh Ambani-led Reliance Industries and Bodhi Tree Systems.
India's Electronics Production Reaches ₹9.52 Lakh Crore, Mobile Exports Exceed ₹1.2 Lakh Crore
India has touched Rs 6.61 lakh crore in overall value of production above the target set by the government. The cumulative investment had targeted Rs 9,100 crore, which was already surpassed.
Sensex and Nifty Hit Record Highs with Maruti Suzuki and Wipro Among Top Gainers
Sensex and Nifty made a new all-time high at 85,372 and 26,056 in early trade.
Sensex Closes at Record High, Nifty Surpasses 26,000 for the First Time
This is for the first time ever that the Nifty has closed above the 26,000 mark.
ADB Maintains India's Growth Forecast at 7%, Citing Government Spending and Agriculture as Key Boosters
According to the ADO September update, exports in the current fiscal are going to be higher than earlier projected, led by larger services exports. However, growth in merchandise exports will be relatively muted through the next fiscal.
Moody’s Analytics Projects Indian Economy to Grow at 7.1% in FY25
The inflation in the country remained sub-4 per cent in July and August. The 2025 and 2026 outlook stood at 4.5 per cent and 4.1 per cent respectively. In Asia Pacific, Moody's increased its 2025 forecast to 4 per cent from 3.9 per cent as it was previously projected. Export growth had been all-important for the region, but growth is set on shaky ground.
Sensex Reaches 85,000 for the First Time, Nifty Hits All-Time High
At 9:48 a.m., the Sensex was up 75 points or 0.09 per cent at 85,004 while Nifty rose by 25 points or 0.09 per cent at 25,964. It was the first time BSE's benchmark traded above 85,000.
US and UAE Discuss Advancements on India-Middle East-Europe Economic Corridor
The ambitious undertaking was launched in New Delhi at the 2023 G20 Leaders' Summit by the leadership of India, Saudi Arabia, France, Germany, Italy, and the European Union. When finished, it would link India by ship-to-rail links through the United Arab Emirates, Saudi Arabia, Jordan, Israel, and Europe through Greece.
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