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Market Overview On October 25, 2024, the Indian stock market saw a sharp decline as the Sensex and Nifty indices plunged, leading to significant investor losses. With Sensex down by 663 points (0.83%) and Nifty 50 slipping by 219 points (0.90%), both indices marked their fifth consecutive session of losses, closing at 79,402.29 and 24,180.80, … Read more
The Indian equity markets extended their recent downward trend today, as disappointing earnings reports from several major players and foreign institutional selling fueled a fifth consecutive day of losses. The benchmark indices, Sensex and Nifty, fell sharply, with the Sensex closing down by 663 points (0.83%) at 79,402, and the Nifty losing 218 points (0.9%) … Read more
Market Overview In a recent move, Indian food delivery giants Zomato and Swiggy announced increased platform fees, raising the cost to Rs 10 per order from previous rates of Rs 6 and Rs 7, respectively. This strategic adjustment comes as both companies anticipate a spike in order volumes during India’s festive season, aiming to offset … Read more
As we step into Samvat 2081, the Indian stock market has made history in September 2024, with the Nifty 50 crossing 26,250 and the BSE Sensex soaring past 85,900. Both indices gained around 25% in Samvat 2080, driven by a broader market rally. The BSE MidCap and SmallCap indices surged even higher, posting gains of … Read more
Market Overview India’s recent decision to impose anti-dumping duties on five key products imported from China is a significant development that could reshape the landscape for various sectors in the country. The products affected include isopropyl alcohol, sulfur black, cellophane transparent film, thermoplastic polyurethane, and unframed glass mirrors. These duties are set for a period … Read more
Market Overview In a significant development for the fintech sector, Paytm has received the green light from the National Payments Corporation of India (NPCI) to onboard new Unified Payments Interface (UPI) users. This approval comes nearly nine months after the Reserve Bank of India (RBI) imposed restrictions on Paytm Payments Bank Ltd. (PPBL), hindering its … Read more