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IndiaTV Business: Google News Feed: Digest for November 09, 2023

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Stock markets: Equity benchmark indices witnessed growth for the second consecutive day on Friday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 414.06 points to 64,494.96 in early trade. The Nifty climbed 125.5 points to 19,258.75. 

Punjab National Bank, Federal Bank 2 others fined by RBI

Friday 03 November 2023 01:52 PM UTC+00
State-owned Punjab National Bank (PNB), Federal Bank and two other banks were penalised for non-compliance with certain regulatory norms by the Reserve Bank of India on Friday. While a fine of Rs 72 lakh was imposed on PNB, private sector Federal Bank faced a penalty of Rs 30 lakh.
India is unlikely to go in for hyperloop technology for ultra high-speed trains in the near future as the technology is at a 'very low level' of maturity and may not be economically viable at the current juncture, NITI Aayog Member V K Saraswat said on Sunday.
Stock markets: Equity benchmark indices witnessed growth on Monday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 471.45 points to 64,835.23 in early trade. The Nifty climbed 126.75 points to 19,357.35 points. 
The Sensex, a key benchmark index of the Bombay Stock Exchange (BSE), witnessed a substantial rise, climbing by 594.91 points to conclude at a closing value of 64,958.69. Simultaneously, the Nifty, which is the NSE's benchmark index, rallied impressively, marking a gain of 181.15 points and reaching a closing figure of 19,411.75.

Markets decline in early trade after 3 days of rally

Tuesday 07 November 2023 05:19 AM UTC+00
Equity benchmark indices declined in early trade on Tuesday after three days of rally. The 30-share BSE Sensex declined 216.73 points to 64,741.96 while the Nifty slipped 63.05 points to 19,348.70. Among the Sensex firms, ICICI Bank, Power Grid, HDFC Bank, Bharti Airtel, Asian Paints and Larsen and Toubro were the major laggards whereas Bajaj Finserv, IndusInd Bank, Bajaj Finance and Sun Pharma were the major gainers.
Indian stock markets experienced a day of mixed results as they closed with minor cuts. The BSE Sensex dipped by 16 points to settle at 64,942, while the Nifty 50 saw a decrease of 5 points, concluding at 19,407. In contrast, the broader markets exhibited resilience, closing with minor gains and outperforming the benchmark indices. The Nifty Bank observed a rise of 119 points, settling at 43,738, and the Midcap Index added 113 points to reach 40,050.
The office-sharing company, WeWork, has filed for Chapter 11 bankruptcy protection, a stunning fall of the organisation once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The gems and jewellery industry has become one of the largest businesses in the country. It plays an important role in driving the economy. As per statistical data, the industry contributes more than 7 per cent to the GDP. The industry also brings in a huge amount of foreign exchange and provides jobs to nearly 50 lakh people in both organised and unorganised sectors.
The month of September saw significant growth in the coal sector due to a rise in production of the fossil fuels. According to government data, production of coal in the month increased to 67.27 million tons (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries released by the Ministry of Commerce & Industries, the index of the coal sector showed a year-on-year growth of 16.1 per cent to 148.1 points. This was the highest growth in the last 14 months except for August 2023, the Coal Ministry said in a statement.
Stock markets: Equity benchmark indices witnessed growth for the second consecutive day on Friday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 414.06 points to 64,494.96 in early trade. The Nifty climbed 125.5 points to 19,258.75. 

Punjab National Bank, Federal Bank 2 others fined by RBI

Friday 03 November 2023 01:52 PM UTC+00
State-owned Punjab National Bank (PNB), Federal Bank and two other banks were penalised for non-compliance with certain regulatory norms by the Reserve Bank of India on Friday. While a fine of Rs 72 lakh was imposed on PNB, private sector Federal Bank faced a penalty of Rs 30 lakh.
India is unlikely to go in for hyperloop technology for ultra high-speed trains in the near future as the technology is at a 'very low level' of maturity and may not be economically viable at the current juncture, NITI Aayog Member V K Saraswat said on Sunday.
Stock markets: Equity benchmark indices witnessed growth on Monday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 471.45 points to 64,835.23 in early trade. The Nifty climbed 126.75 points to 19,357.35 points. 
The Sensex, a key benchmark index of the Bombay Stock Exchange (BSE), witnessed a substantial rise, climbing by 594.91 points to conclude at a closing value of 64,958.69. Simultaneously, the Nifty, which is the NSE's benchmark index, rallied impressively, marking a gain of 181.15 points and reaching a closing figure of 19,411.75.

Markets decline in early trade after 3 days of rally

Tuesday 07 November 2023 05:19 AM UTC+00
Equity benchmark indices declined in early trade on Tuesday after three days of rally. The 30-share BSE Sensex declined 216.73 points to 64,741.96 while the Nifty slipped 63.05 points to 19,348.70. Among the Sensex firms, ICICI Bank, Power Grid, HDFC Bank, Bharti Airtel, Asian Paints and Larsen and Toubro were the major laggards whereas Bajaj Finserv, IndusInd Bank, Bajaj Finance and Sun Pharma were the major gainers.
Indian stock markets experienced a day of mixed results as they closed with minor cuts. The BSE Sensex dipped by 16 points to settle at 64,942, while the Nifty 50 saw a decrease of 5 points, concluding at 19,407. In contrast, the broader markets exhibited resilience, closing with minor gains and outperforming the benchmark indices. The Nifty Bank observed a rise of 119 points, settling at 43,738, and the Midcap Index added 113 points to reach 40,050.
The office-sharing company, WeWork, has filed for Chapter 11 bankruptcy protection, a stunning fall of the organisation once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The gems and jewellery industry has become one of the largest businesses in the country. It plays an important role in driving the economy. As per statistical data, the industry contributes more than 7 per cent to the GDP. The industry also brings in a huge amount of foreign exchange and provides jobs to nearly 50 lakh people in both organised and unorganised sectors.
The month of September saw significant growth in the coal sector due to a rise in production of the fossil fuels. According to government data, production of coal in the month increased to 67.27 million tons (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries released by the Ministry of Commerce & Industries, the index of the coal sector showed a year-on-year growth of 16.1 per cent to 148.1 points. This was the highest growth in the last 14 months except for August 2023, the Coal Ministry said in a statement.

Punjab National Bank, Federal Bank 2 others fined by RBI

Friday 03 November 2023 01:52 PM UTC+00
State-owned Punjab National Bank (PNB), Federal Bank and two other banks were penalised for non-compliance with certain regulatory norms by the Reserve Bank of India on Friday. While a fine of Rs 72 lakh was imposed on PNB, private sector Federal Bank faced a penalty of Rs 30 lakh.
India is unlikely to go in for hyperloop technology for ultra high-speed trains in the near future as the technology is at a 'very low level' of maturity and may not be economically viable at the current juncture, NITI Aayog Member V K Saraswat said on Sunday.
Stock markets: Equity benchmark indices witnessed growth on Monday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 471.45 points to 64,835.23 in early trade. The Nifty climbed 126.75 points to 19,357.35 points. 
The Sensex, a key benchmark index of the Bombay Stock Exchange (BSE), witnessed a substantial rise, climbing by 594.91 points to conclude at a closing value of 64,958.69. Simultaneously, the Nifty, which is the NSE's benchmark index, rallied impressively, marking a gain of 181.15 points and reaching a closing figure of 19,411.75.

Markets decline in early trade after 3 days of rally

Tuesday 07 November 2023 05:19 AM UTC+00
Equity benchmark indices declined in early trade on Tuesday after three days of rally. The 30-share BSE Sensex declined 216.73 points to 64,741.96 while the Nifty slipped 63.05 points to 19,348.70. Among the Sensex firms, ICICI Bank, Power Grid, HDFC Bank, Bharti Airtel, Asian Paints and Larsen and Toubro were the major laggards whereas Bajaj Finserv, IndusInd Bank, Bajaj Finance and Sun Pharma were the major gainers.
Indian stock markets experienced a day of mixed results as they closed with minor cuts. The BSE Sensex dipped by 16 points to settle at 64,942, while the Nifty 50 saw a decrease of 5 points, concluding at 19,407. In contrast, the broader markets exhibited resilience, closing with minor gains and outperforming the benchmark indices. The Nifty Bank observed a rise of 119 points, settling at 43,738, and the Midcap Index added 113 points to reach 40,050.
The office-sharing company, WeWork, has filed for Chapter 11 bankruptcy protection, a stunning fall of the organisation once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The gems and jewellery industry has become one of the largest businesses in the country. It plays an important role in driving the economy. As per statistical data, the industry contributes more than 7 per cent to the GDP. The industry also brings in a huge amount of foreign exchange and provides jobs to nearly 50 lakh people in both organised and unorganised sectors.
The month of September saw significant growth in the coal sector due to a rise in production of the fossil fuels. According to government data, production of coal in the month increased to 67.27 million tons (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries released by the Ministry of Commerce & Industries, the index of the coal sector showed a year-on-year growth of 16.1 per cent to 148.1 points. This was the highest growth in the last 14 months except for August 2023, the Coal Ministry said in a statement.
Stock markets update: Equity benchmark indices witnessed growth on Wednesday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points. 
Stock markets: Equity benchmark indices witnessed growth on Monday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 471.45 points to 64,835.23 in early trade. The Nifty climbed 126.75 points to 19,357.35 points. 
The Sensex, a key benchmark index of the Bombay Stock Exchange (BSE), witnessed a substantial rise, climbing by 594.91 points to conclude at a closing value of 64,958.69. Simultaneously, the Nifty, which is the NSE's benchmark index, rallied impressively, marking a gain of 181.15 points and reaching a closing figure of 19,411.75.

Markets decline in early trade after 3 days of rally

Tuesday 07 November 2023 05:19 AM UTC+00
Equity benchmark indices declined in early trade on Tuesday after three days of rally. The 30-share BSE Sensex declined 216.73 points to 64,741.96 while the Nifty slipped 63.05 points to 19,348.70. Among the Sensex firms, ICICI Bank, Power Grid, HDFC Bank, Bharti Airtel, Asian Paints and Larsen and Toubro were the major laggards whereas Bajaj Finserv, IndusInd Bank, Bajaj Finance and Sun Pharma were the major gainers.
Indian stock markets experienced a day of mixed results as they closed with minor cuts. The BSE Sensex dipped by 16 points to settle at 64,942, while the Nifty 50 saw a decrease of 5 points, concluding at 19,407. In contrast, the broader markets exhibited resilience, closing with minor gains and outperforming the benchmark indices. The Nifty Bank observed a rise of 119 points, settling at 43,738, and the Midcap Index added 113 points to reach 40,050.
The office-sharing company, WeWork, has filed for Chapter 11 bankruptcy protection, a stunning fall of the organisation once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The gems and jewellery industry has become one of the largest businesses in the country. It plays an important role in driving the economy. As per statistical data, the industry contributes more than 7 per cent to the GDP. The industry also brings in a huge amount of foreign exchange and provides jobs to nearly 50 lakh people in both organised and unorganised sectors.
The month of September saw significant growth in the coal sector due to a rise in production of the fossil fuels. According to government data, production of coal in the month increased to 67.27 million tons (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries released by the Ministry of Commerce & Industries, the index of the coal sector showed a year-on-year growth of 16.1 per cent to 148.1 points. This was the highest growth in the last 14 months except for August 2023, the Coal Ministry said in a statement.
Stock markets update: Equity benchmark indices witnessed growth on Wednesday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points. 
Adani Group: The US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT)- a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority- to the tune of USD 553 million. 
The chairman of Adani Group, Gautam Adani today (November 8) shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on the social media platform X (formerly known as Twitter).

Markets decline in early trade after 3 days of rally

Tuesday 07 November 2023 05:19 AM UTC+00
Equity benchmark indices declined in early trade on Tuesday after three days of rally. The 30-share BSE Sensex declined 216.73 points to 64,741.96 while the Nifty slipped 63.05 points to 19,348.70. Among the Sensex firms, ICICI Bank, Power Grid, HDFC Bank, Bharti Airtel, Asian Paints and Larsen and Toubro were the major laggards whereas Bajaj Finserv, IndusInd Bank, Bajaj Finance and Sun Pharma were the major gainers.
Indian stock markets experienced a day of mixed results as they closed with minor cuts. The BSE Sensex dipped by 16 points to settle at 64,942, while the Nifty 50 saw a decrease of 5 points, concluding at 19,407. In contrast, the broader markets exhibited resilience, closing with minor gains and outperforming the benchmark indices. The Nifty Bank observed a rise of 119 points, settling at 43,738, and the Midcap Index added 113 points to reach 40,050.
The office-sharing company, WeWork, has filed for Chapter 11 bankruptcy protection, a stunning fall of the organisation once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The gems and jewellery industry has become one of the largest businesses in the country. It plays an important role in driving the economy. As per statistical data, the industry contributes more than 7 per cent to the GDP. The industry also brings in a huge amount of foreign exchange and provides jobs to nearly 50 lakh people in both organised and unorganised sectors.
The month of September saw significant growth in the coal sector due to a rise in production of the fossil fuels. According to government data, production of coal in the month increased to 67.27 million tons (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries released by the Ministry of Commerce & Industries, the index of the coal sector showed a year-on-year growth of 16.1 per cent to 148.1 points. This was the highest growth in the last 14 months except for August 2023, the Coal Ministry said in a statement.
Stock markets update: Equity benchmark indices witnessed growth on Wednesday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points. 
Adani Group: The US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT)- a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority- to the tune of USD 553 million. 
The chairman of Adani Group, Gautam Adani today (November 8) shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on the social media platform X (formerly known as Twitter).

Sensex, Nifty reach new highs amidst positive market sentiment

Wednesday 08 November 2023 10:19 AM UTC+00
The stock market continues its impressive run as the benchmark indices, Sensex and Nifty, reached new all-time highs on Wednesday. The Sensex climbed 33.21 points to close at 64,975.61, while the Nifty was up by 36.80 points, settling at 19,443.50. One significant factor is the robust corporate earnings season. Several major companies have reported better-than-expected results, boosting overall market sentiment. Positive earnings reports have provided a strong foundation for investors to remain bullish on Indian equities.
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.

Markets decline in early trade after 3 days of rally

Tuesday 07 November 2023 05:19 AM UTC+00
Equity benchmark indices declined in early trade on Tuesday after three days of rally. The 30-share BSE Sensex declined 216.73 points to 64,741.96 while the Nifty slipped 63.05 points to 19,348.70. Among the Sensex firms, ICICI Bank, Power Grid, HDFC Bank, Bharti Airtel, Asian Paints and Larsen and Toubro were the major laggards whereas Bajaj Finserv, IndusInd Bank, Bajaj Finance and Sun Pharma were the major gainers.
Indian stock markets experienced a day of mixed results as they closed with minor cuts. The BSE Sensex dipped by 16 points to settle at 64,942, while the Nifty 50 saw a decrease of 5 points, concluding at 19,407. In contrast, the broader markets exhibited resilience, closing with minor gains and outperforming the benchmark indices. The Nifty Bank observed a rise of 119 points, settling at 43,738, and the Midcap Index added 113 points to reach 40,050.
The office-sharing company, WeWork, has filed for Chapter 11 bankruptcy protection, a stunning fall of the organisation once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The gems and jewellery industry has become one of the largest businesses in the country. It plays an important role in driving the economy. As per statistical data, the industry contributes more than 7 per cent to the GDP. The industry also brings in a huge amount of foreign exchange and provides jobs to nearly 50 lakh people in both organised and unorganised sectors.
The month of September saw significant growth in the coal sector due to a rise in production of the fossil fuels. According to government data, production of coal in the month increased to 67.27 million tons (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries released by the Ministry of Commerce & Industries, the index of the coal sector showed a year-on-year growth of 16.1 per cent to 148.1 points. This was the highest growth in the last 14 months except for August 2023, the Coal Ministry said in a statement.
Stock markets update: Equity benchmark indices witnessed growth on Wednesday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points. 
Adani Group: The US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT)- a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority- to the tune of USD 553 million. 
The chairman of Adani Group, Gautam Adani today (November 8) shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on the social media platform X (formerly known as Twitter).

Sensex, Nifty reach new highs amidst positive market sentiment

Wednesday 08 November 2023 10:19 AM UTC+00
The stock market continues its impressive run as the benchmark indices, Sensex and Nifty, reached new all-time highs on Wednesday. The Sensex climbed 33.21 points to close at 64,975.61, while the Nifty was up by 36.80 points, settling at 19,443.50. One significant factor is the robust corporate earnings season. Several major companies have reported better-than-expected results, boosting overall market sentiment. Positive earnings reports have provided a strong foundation for investors to remain bullish on Indian equities.
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Indian stock markets experienced a day of mixed results as they closed with minor cuts. The BSE Sensex dipped by 16 points to settle at 64,942, while the Nifty 50 saw a decrease of 5 points, concluding at 19,407. In contrast, the broader markets exhibited resilience, closing with minor gains and outperforming the benchmark indices. The Nifty Bank observed a rise of 119 points, settling at 43,738, and the Midcap Index added 113 points to reach 40,050.
The office-sharing company, WeWork, has filed for Chapter 11 bankruptcy protection, a stunning fall of the organisation once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The gems and jewellery industry has become one of the largest businesses in the country. It plays an important role in driving the economy. As per statistical data, the industry contributes more than 7 per cent to the GDP. The industry also brings in a huge amount of foreign exchange and provides jobs to nearly 50 lakh people in both organised and unorganised sectors.
The month of September saw significant growth in the coal sector due to a rise in production of the fossil fuels. According to government data, production of coal in the month increased to 67.27 million tons (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries released by the Ministry of Commerce & Industries, the index of the coal sector showed a year-on-year growth of 16.1 per cent to 148.1 points. This was the highest growth in the last 14 months except for August 2023, the Coal Ministry said in a statement.
Stock markets update: Equity benchmark indices witnessed growth on Wednesday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points. 
Adani Group: The US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT)- a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority- to the tune of USD 553 million. 
The chairman of Adani Group, Gautam Adani today (November 8) shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on the social media platform X (formerly known as Twitter).

Sensex, Nifty reach new highs amidst positive market sentiment

Wednesday 08 November 2023 10:19 AM UTC+00
The stock market continues its impressive run as the benchmark indices, Sensex and Nifty, reached new all-time highs on Wednesday. The Sensex climbed 33.21 points to close at 64,975.61, while the Nifty was up by 36.80 points, settling at 19,443.50. One significant factor is the robust corporate earnings season. Several major companies have reported better-than-expected results, boosting overall market sentiment. Positive earnings reports have provided a strong foundation for investors to remain bullish on Indian equities.
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
Indian stock markets experienced a day of mixed results as they closed with minor cuts. The BSE Sensex dipped by 16 points to settle at 64,942, while the Nifty 50 saw a decrease of 5 points, concluding at 19,407. In contrast, the broader markets exhibited resilience, closing with minor gains and outperforming the benchmark indices. The Nifty Bank observed a rise of 119 points, settling at 43,738, and the Midcap Index added 113 points to reach 40,050.
The office-sharing company, WeWork, has filed for Chapter 11 bankruptcy protection, a stunning fall of the organisation once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The gems and jewellery industry has become one of the largest businesses in the country. It plays an important role in driving the economy. As per statistical data, the industry contributes more than 7 per cent to the GDP. The industry also brings in a huge amount of foreign exchange and provides jobs to nearly 50 lakh people in both organised and unorganised sectors.
The month of September saw significant growth in the coal sector due to a rise in production of the fossil fuels. According to government data, production of coal in the month increased to 67.27 million tons (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries released by the Ministry of Commerce & Industries, the index of the coal sector showed a year-on-year growth of 16.1 per cent to 148.1 points. This was the highest growth in the last 14 months except for August 2023, the Coal Ministry said in a statement.
Stock markets update: Equity benchmark indices witnessed growth on Wednesday following a rally in global markets. In the early trade, the 30-share BSE Sensex jumped 181.6 points to 65,124 in early trade. The Nifty climbed 49 points to 19,455.70 points. 
Adani Group: The US International Development Finance Corporation (DFC) has announced that it will be funding Colombo West International Terminal Pvt. Ltd. (CWIT)- a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority- to the tune of USD 553 million. 
The chairman of Adani Group, Gautam Adani today (November 8) shared about his recent meeting with the Bhutan King Jigme Khesar Namgyel Wangchuck on the social media platform X (formerly known as Twitter).

Sensex, Nifty reach new highs amidst positive market sentiment

Wednesday 08 November 2023 10:19 AM UTC+00
The stock market continues its impressive run as the benchmark indices, Sensex and Nifty, reached new all-time highs on Wednesday. The Sensex climbed 33.21 points to close at 64,975.61, while the Nifty was up by 36.80 points, settling at 19,443.50. One significant factor is the robust corporate earnings season. Several major companies have reported better-than-expected results, boosting overall market sentiment. Positive earnings reports have provided a strong foundation for investors to remain bullish on Indian equities.
Ujjwala Yojana: There is good news for the beneficiaries of Pradhan Mantri Ujjwala Yojana ahead of Diwali. According to media reports, they would get more subidies on the LPG cylinders. The sources said the government is preparing to provide relief to the beneficiaries of the scheme (Ujjwala Yojana) before the Lok Sabha elections next year and amidst festival season.
Banks' advances to Non-Banking Financial Companies (NBFCs) in the second quarter continued to grow at a robust pace. The credit exposure of banks to NBFCs stood at Rs 14.2 lakh crore in the September 2023 quarter, indicating a 26.3 per cent year-on-year growth.
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