BUSINESS
Led by PSU banks, Nifty closes above 20K for first time ever
While the Nifty 50 index climbed 76.8 points to close above the 20,000-mark at 20,070 for the first time ever, the BSE Sensex was up 245.86 points to close at 67,466 on Wednesday. Thirteen of the 15 Nifty sectoral indices ended in the green in Wednesday's session.
RBI directs banks to return property documents within 30 days of loan repayment, or pay Rs 5000 fine for delay
The guidelines have been issued as it has been noticed that banks follow divergent practices in release of such documents leading to customer grievances and disputes.
Britain's economy shrinks more than expected in July
The ONS said the services and construction sectors fell by 0.5 per cent, and production went down by 0.7 per cent.
Blue Dart Express rebrands its service ‘Dart Plus’ as ‘Bharat Dart’
Blue Dart's decision to rebrand this service stems from an extensive discovery and research process aimed at aligning itself to the evolving needs of its customers.
Mutual funds increase weightage in technology, metals, consumer durables sectors
Conversely, private banks, PSU banks, oil and gas, consumer, and NBFCs saw a MoM moderation in weights.
Rising crude oil prices have negative impact on stock market
Rising crude prices positively impact oil exporters and negatively impact oil importing countries like India. Consequently, this depreciates the INR and leads to imported inflation, he said.
Historic closing high for Nifty above 20k
The Nifty 50 index climbed 75 pts to close at 200,70, while the S&P BSE Sensex rose 250 pts to close at 67,466. Thirteen of the 15 Nifty sectoral indices ended in the green in today's session.
OneCoin co-founder sent to 20 yrs in jail for multibillion-dollar fraud
The multibillion-dollar “Bitcoin killer” fraud pulled in $4 billion from millions of investors between 2014 and 2016, the US Department of Justice said in a statement.
More pain likely in small and mid-cap stocks
And, the fear of sharp correction in this space has finally happened with 4.10 per cent correction in the Nifty small-cap index and 3.07 per cent correction in the Nifty mid-cap index on Tuesday, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Qantas illegally fired 1,700 workers during Covid: Court
The country's highest court's ruling found that Qantas had breached Australia's Fair Work Act, which protects employee rights, reports the BBC.
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