BUSINESS
PM Modi Foresees India Infusing New Energy into the Global Aviation Market
Modi expressed confidence that India will play a significant role in boosting the global aviation market. He noted that India has become the world's third-largest domestic aviation market, and within a decade, the number of passengers is expected to double. The 'UDAN' scheme, aimed at enhancing domestic aviation, has played a crucial role in this growth.
Sensex Rebounds 496 Points with Value Buying in Oil and Metal Shares, Breaking a 3-Day Losing Streak
The 30-share BSE Sensex made an impressive jump of 496.37 points, settling at 71,683.23, marking a 0.70% increase. In the course of the day, it soared by 708.78 points or 0.99%, reaching 71,895.64. The Nifty, on the other hand, climbed by 160.15 points or 0.75%, closing at 21,622.40, with 43 of its shares in the green and seven in the red.
Foreign Portfolio Investors (FPIs) Offload Equity Heavily, Selling Worth Rs 20,480 Crore in the Last 2 Days
In the past two days, FIIs have significantly offloaded equity, amounting to Rs 20,480 crores. This sell-off is attributed partly to the surge in US bond yields, reaching 4.16%, and partly to the high valuations in the Indian stock market.
Amid Election Year, NDA Governments Maintain Focus on Capital Expenditure, Unlike UPA: Insights from Emkay Global
Analyzing the trends of the five election cycles since 2004, the report highlights that election cycles with the NDA as the incumbent have consistently seen a prioritization of capex over revex. The current election cycle shows an even stronger inclination towards capex compared to previous cycles.
Sebi to act against 3 i-bankers found inflating IPO subscriptions, says Madhabi Puri Buch
Speaking at an annual convention organized by an investment bankers' lobby grouping, Buch mentioned that SEBI has evidence of "mule accounts" being used to front-run stocks by individuals seeking to avoid leaving trade traces.
Markets Rally After Three Consecutive Days of Decline
The 30-share BSE Sensex surged by 657.45 points to reach 71,844.31 in early trade, indicating a strong start. The Nifty also showed a notable increase, rising by 194.75 points to 21,657.
Pakistan Stock Market Witnesses Sharp Decline Amidst Rising Pak-Iran Tensions
The decline in the PSX was attributed to the escalating tensions between Pakistan and Iran. In response to an air strike conducted by Iran, Pakistan's armed forces carried out an early morning attack on terrorist hideouts in Iran's Sistan-o-Balochistan province. This development intensified the strain between the two countries.
Nifty Dips Below Key Near-Term Moving Average Level
The broader market continued to face selling pressure, driven by elevated valuations and profit booking as investors consider sector rotation.
Mangaldeep by ITC to Bring Its Aroma to Ayodhya
As part of this association, Mangaldeep has donated its flagship "Mangaldeep 3 in 1 Dhoop" for six months from the temple's opening date. This gesture aims to support the daily puja rituals of the pandits, ensuring a seamless and aromatic devotional experience.
RBI Bulletin Raises India's GDP Growth Projection to 7% for October-December Quarter
This growth is attributed to a transition from consumption to investment, driven by the government's focus on capital expenditure (capex), which is starting to attract private investment.
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