Stock market today: BSE Sensex tanks over 800 points; Nifty50 below 23,750
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Monday. While BSE Sensex went below 78,500, Nifty50 was below 23,750.
Category: Breaking News
China’s new year pain may spell gain for Indian stocks
Traders anticipate a positive start to the first full week of the New Year, with Nifty futures indicating growth. Consumer stocks like Jubilant Foodworks and DMart show signs of revival, … Read More
NPS systematic withdrawal plan suits retirees with large corpus
The National Pension System (NPS) now allows retirees to systematically withdraw 60% of their corpus while the remainder grows, benefiting from better annuity rates at later ages. Retirees can contribute … Read More
Telecom, railways, among others, go slow on capex
Departments such as telecom, defence, railways, and highways have experienced lower capital expenditure with telecom spending just 6% of its annual allocation. Total government capex during April-Nov fell to 49% … Read More
HDFC deposits top loans for 1st time after merger
HDFC Bank’s deposit base exceeded its advances for the first time following the merger with its parent housing finance company in July 2023. Deposits grew by 15.8% year-on-year, primarily through … Read More
FMCG companies expect growth to slow in Q3
FMCG companies are set to experience a contraction in gross margins and modest-to-flat operating profits in the Dec quarter due to inflation, higher input costs, and pricing increases. Although there’s … Read More
Bank of Baroda record 11.7% growth in advances driven by 20% retail loan growth
Bank of Baroda reported a robust 11.7% year-on-year rise in global business, reaching Rs. 25.6 lakh crore by the end of December 2024, driven by a significant increase in retail … Read More
Vande Bharat sleeper hits 180 kmph during trials! Check viral video of new Indian Railways train better than Rajdhani Express
Indian Railways’ Vande Bharat sleeper train prototype has successfully hit a speed of 180 kmph during RDSO field trials. Designed for long-distance overnight travel, this sleeper variant features advanced amenities … Read More
Rupee falls to record 85.77 vs $, forex kitty at 8-month low
The rupee reached a record low of 85.77 against the dollar, driven by a weaker Chinese yuan and a stronger dollar. India’s foreign exchange reserves dipped to an eight-month low. … Read More
NHAI prepays Rs 56,000 crore loans as Capex fall
NHAI has prepaid loans of Rs 56,000 crore this fiscal year, reducing its debt from Rs 3.3 lakh crore to around Rs 2.8 lakh crore. With help from budgetary allocation … Read More