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IndiaTV Business: Google News Feed: Digest for December 20, 2023

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In a remarkable upswing, the stock market witnessed significant gains on Thursday, the day of the weekly expiry. The trading day began with substantial momentum, propelling both Sensex and Nifty to record lifetime highs. The BSE Sensex opened with a surge of 620.52 points, reaching 70,205.12 points. Simultaneously, the NSE Nifty soared by 181.85 points, touching 21,108.20 points. These levels mark the highest ever for both indices. 
Stock markets: Riding on the global market rally, the equity benchmark indices ended higher on Thursday. The 30-share BSE Sensex ended higher by 929.60 points, while the Nifty gained 256.35 points. Sensex reached 70,514.20 mark in intraday trading, while Nifty hit 21,190.75 mark. 
There has been a double blow on the inflation front. After increasing retail inflation in November, now wholesale inflation has also reached the highest level in 8 months. The wholesale inflation stood at 0.26 percent in November which rose sharply after remaining below zero for seven months due to rising food prices. Wholesale price index (WPI) based inflation also remained below zero continuously since April. In October it was minus 0.52 percent. At the same time, retail inflation increased to 5.55 percent in November after reaching a four-month low of 4.8 percent in October.
The Adani Group vowed on Thursday to raise the conglomerate's investment in Bihar in addition to expanding into new sectors where they had no presence in the state. The group said it would make an additional investment of Rs 8,700 crore in Bihar in various sectors, including cement manufacturing, logistics and the agro-industry. 

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
Former Reserve Bank Governor Raghuram Rajan claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6 per cent per year without any growth in population.  
Both key equity indices, Sensex and Nifty, experienced a downward trend marked by considerable volatility today in the stock market. At 10 am, the BSE Sensex witnessed a decline of 109 points, reaching 71,375, while the NSE Nifty50 traded at 21,440, marking a decrease of 17 points. Among the 30-share Sensex components, stocks like ICICI Bank, ITC, PowerGrid, IndusInd Bank, JSW Steel, and Axis Bank faced a dip. Conversely, Sun Pharma, Reliance, Titan, Bajaj Finance, HUL, and Wipro were early gainers in the market. Notably, JSW Steel observed a decline of over 3 percent due to the controversy surrounding JSW Group chief Sajjan Jindal.
There has been a double blow on the inflation front. After increasing retail inflation in November, now wholesale inflation has also reached the highest level in 8 months. The wholesale inflation stood at 0.26 percent in November which rose sharply after remaining below zero for seven months due to rising food prices. Wholesale price index (WPI) based inflation also remained below zero continuously since April. In October it was minus 0.52 percent. At the same time, retail inflation increased to 5.55 percent in November after reaching a four-month low of 4.8 percent in October.
The Adani Group vowed on Thursday to raise the conglomerate's investment in Bihar in addition to expanding into new sectors where they had no presence in the state. The group said it would make an additional investment of Rs 8,700 crore in Bihar in various sectors, including cement manufacturing, logistics and the agro-industry. 

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
Former Reserve Bank Governor Raghuram Rajan claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6 per cent per year without any growth in population.  
Both key equity indices, Sensex and Nifty, experienced a downward trend marked by considerable volatility today in the stock market. At 10 am, the BSE Sensex witnessed a decline of 109 points, reaching 71,375, while the NSE Nifty50 traded at 21,440, marking a decrease of 17 points. Among the 30-share Sensex components, stocks like ICICI Bank, ITC, PowerGrid, IndusInd Bank, JSW Steel, and Axis Bank faced a dip. Conversely, Sun Pharma, Reliance, Titan, Bajaj Finance, HUL, and Wipro were early gainers in the market. Notably, JSW Steel observed a decline of over 3 percent due to the controversy surrounding JSW Group chief Sajjan Jindal.
The IPO market is buzzing. Around 12 IPOs from both mainboard and SME are currently open on Dalal Street. Sameera Agro And Infra IPO is all set to float its IPO. The real estate and agro-industry player will launch its IPO on December 21. The IPO comprises a fixed price issue with a price band set at Rs 180 per share.
Information technology was marked by several disruptive trends due to weakness in the West. However, the Fed's hint at cutting interest rates which would reduce borrowing costs across, has shifted the focus back towards the IT companies. The equities of IT shares have been gaining for the past few sessions, delivering handsome gains to investors. Dev Information Technologies which offers end-to-end technology solutions has approved the acquisition of Dhyey Consulting Services as a part of expansion.
The Adani Group vowed on Thursday to raise the conglomerate's investment in Bihar in addition to expanding into new sectors where they had no presence in the state. The group said it would make an additional investment of Rs 8,700 crore in Bihar in various sectors, including cement manufacturing, logistics and the agro-industry. 

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
Former Reserve Bank Governor Raghuram Rajan claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6 per cent per year without any growth in population.  
Both key equity indices, Sensex and Nifty, experienced a downward trend marked by considerable volatility today in the stock market. At 10 am, the BSE Sensex witnessed a decline of 109 points, reaching 71,375, while the NSE Nifty50 traded at 21,440, marking a decrease of 17 points. Among the 30-share Sensex components, stocks like ICICI Bank, ITC, PowerGrid, IndusInd Bank, JSW Steel, and Axis Bank faced a dip. Conversely, Sun Pharma, Reliance, Titan, Bajaj Finance, HUL, and Wipro were early gainers in the market. Notably, JSW Steel observed a decline of over 3 percent due to the controversy surrounding JSW Group chief Sajjan Jindal.
The IPO market is buzzing. Around 12 IPOs from both mainboard and SME are currently open on Dalal Street. Sameera Agro And Infra IPO is all set to float its IPO. The real estate and agro-industry player will launch its IPO on December 21. The IPO comprises a fixed price issue with a price band set at Rs 180 per share.
Information technology was marked by several disruptive trends due to weakness in the West. However, the Fed's hint at cutting interest rates which would reduce borrowing costs across, has shifted the focus back towards the IT companies. The equities of IT shares have been gaining for the past few sessions, delivering handsome gains to investors. Dev Information Technologies which offers end-to-end technology solutions has approved the acquisition of Dhyey Consulting Services as a part of expansion.
In early Tuesday trade, the Sensex surged by 254.11 points, reaching 71,569.20, while the Nifty marked a rise of 61.35 points, reaching 21,480. This positive momentum follows a decline in benchmark equity indices Sensex and Nifty on Monday, attributed to profit-taking by investors following a record-breaking rally in the previous week and a generally weak trend in Asian markets.
The Adani Group vowed on Thursday to raise the conglomerate's investment in Bihar in addition to expanding into new sectors where they had no presence in the state. The group said it would make an additional investment of Rs 8,700 crore in Bihar in various sectors, including cement manufacturing, logistics and the agro-industry. 

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
Former Reserve Bank Governor Raghuram Rajan claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6 per cent per year without any growth in population.  
Both key equity indices, Sensex and Nifty, experienced a downward trend marked by considerable volatility today in the stock market. At 10 am, the BSE Sensex witnessed a decline of 109 points, reaching 71,375, while the NSE Nifty50 traded at 21,440, marking a decrease of 17 points. Among the 30-share Sensex components, stocks like ICICI Bank, ITC, PowerGrid, IndusInd Bank, JSW Steel, and Axis Bank faced a dip. Conversely, Sun Pharma, Reliance, Titan, Bajaj Finance, HUL, and Wipro were early gainers in the market. Notably, JSW Steel observed a decline of over 3 percent due to the controversy surrounding JSW Group chief Sajjan Jindal.
The IPO market is buzzing. Around 12 IPOs from both mainboard and SME are currently open on Dalal Street. Sameera Agro And Infra IPO is all set to float its IPO. The real estate and agro-industry player will launch its IPO on December 21. The IPO comprises a fixed price issue with a price band set at Rs 180 per share.
Information technology was marked by several disruptive trends due to weakness in the West. However, the Fed's hint at cutting interest rates which would reduce borrowing costs across, has shifted the focus back towards the IT companies. The equities of IT shares have been gaining for the past few sessions, delivering handsome gains to investors. Dev Information Technologies which offers end-to-end technology solutions has approved the acquisition of Dhyey Consulting Services as a part of expansion.
In early Tuesday trade, the Sensex surged by 254.11 points, reaching 71,569.20, while the Nifty marked a rise of 61.35 points, reaching 21,480. This positive momentum follows a decline in benchmark equity indices Sensex and Nifty on Monday, attributed to profit-taking by investors following a record-breaking rally in the previous week and a generally weak trend in Asian markets.

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
Former Reserve Bank Governor Raghuram Rajan claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6 per cent per year without any growth in population.  
Both key equity indices, Sensex and Nifty, experienced a downward trend marked by considerable volatility today in the stock market. At 10 am, the BSE Sensex witnessed a decline of 109 points, reaching 71,375, while the NSE Nifty50 traded at 21,440, marking a decrease of 17 points. Among the 30-share Sensex components, stocks like ICICI Bank, ITC, PowerGrid, IndusInd Bank, JSW Steel, and Axis Bank faced a dip. Conversely, Sun Pharma, Reliance, Titan, Bajaj Finance, HUL, and Wipro were early gainers in the market. Notably, JSW Steel observed a decline of over 3 percent due to the controversy surrounding JSW Group chief Sajjan Jindal.
The IPO market is buzzing. Around 12 IPOs from both mainboard and SME are currently open on Dalal Street. Sameera Agro And Infra IPO is all set to float its IPO. The real estate and agro-industry player will launch its IPO on December 21. The IPO comprises a fixed price issue with a price band set at Rs 180 per share.
Information technology was marked by several disruptive trends due to weakness in the West. However, the Fed's hint at cutting interest rates which would reduce borrowing costs across, has shifted the focus back towards the IT companies. The equities of IT shares have been gaining for the past few sessions, delivering handsome gains to investors. Dev Information Technologies which offers end-to-end technology solutions has approved the acquisition of Dhyey Consulting Services as a part of expansion.
In early Tuesday trade, the Sensex surged by 254.11 points, reaching 71,569.20, while the Nifty marked a rise of 61.35 points, reaching 21,480. This positive momentum follows a decline in benchmark equity indices Sensex and Nifty on Monday, attributed to profit-taking by investors following a record-breaking rally in the previous week and a generally weak trend in Asian markets.
Stock markets update: Equity benchmark indices Sensex and Nifty scaled new lifetime high levels in intra-day trade on Tuesday. The new high came before ending with gains on the back of buying in index major Reliance Industries and positive global cues.

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
Former Reserve Bank Governor Raghuram Rajan claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6 per cent per year without any growth in population.  
Both key equity indices, Sensex and Nifty, experienced a downward trend marked by considerable volatility today in the stock market. At 10 am, the BSE Sensex witnessed a decline of 109 points, reaching 71,375, while the NSE Nifty50 traded at 21,440, marking a decrease of 17 points. Among the 30-share Sensex components, stocks like ICICI Bank, ITC, PowerGrid, IndusInd Bank, JSW Steel, and Axis Bank faced a dip. Conversely, Sun Pharma, Reliance, Titan, Bajaj Finance, HUL, and Wipro were early gainers in the market. Notably, JSW Steel observed a decline of over 3 percent due to the controversy surrounding JSW Group chief Sajjan Jindal.
The IPO market is buzzing. Around 12 IPOs from both mainboard and SME are currently open on Dalal Street. Sameera Agro And Infra IPO is all set to float its IPO. The real estate and agro-industry player will launch its IPO on December 21. The IPO comprises a fixed price issue with a price band set at Rs 180 per share.
Information technology was marked by several disruptive trends due to weakness in the West. However, the Fed's hint at cutting interest rates which would reduce borrowing costs across, has shifted the focus back towards the IT companies. The equities of IT shares have been gaining for the past few sessions, delivering handsome gains to investors. Dev Information Technologies which offers end-to-end technology solutions has approved the acquisition of Dhyey Consulting Services as a part of expansion.
In early Tuesday trade, the Sensex surged by 254.11 points, reaching 71,569.20, while the Nifty marked a rise of 61.35 points, reaching 21,480. This positive momentum follows a decline in benchmark equity indices Sensex and Nifty on Monday, attributed to profit-taking by investors following a record-breaking rally in the previous week and a generally weak trend in Asian markets.
Stock markets update: Equity benchmark indices Sensex and Nifty scaled new lifetime high levels in intra-day trade on Tuesday. The new high came before ending with gains on the back of buying in index major Reliance Industries and positive global cues.

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
Former Reserve Bank Governor Raghuram Rajan claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6 per cent per year without any growth in population.  
Both key equity indices, Sensex and Nifty, experienced a downward trend marked by considerable volatility today in the stock market. At 10 am, the BSE Sensex witnessed a decline of 109 points, reaching 71,375, while the NSE Nifty50 traded at 21,440, marking a decrease of 17 points. Among the 30-share Sensex components, stocks like ICICI Bank, ITC, PowerGrid, IndusInd Bank, JSW Steel, and Axis Bank faced a dip. Conversely, Sun Pharma, Reliance, Titan, Bajaj Finance, HUL, and Wipro were early gainers in the market. Notably, JSW Steel observed a decline of over 3 percent due to the controversy surrounding JSW Group chief Sajjan Jindal.
The IPO market is buzzing. Around 12 IPOs from both mainboard and SME are currently open on Dalal Street. Sameera Agro And Infra IPO is all set to float its IPO. The real estate and agro-industry player will launch its IPO on December 21. The IPO comprises a fixed price issue with a price band set at Rs 180 per share.
Information technology was marked by several disruptive trends due to weakness in the West. However, the Fed's hint at cutting interest rates which would reduce borrowing costs across, has shifted the focus back towards the IT companies. The equities of IT shares have been gaining for the past few sessions, delivering handsome gains to investors. Dev Information Technologies which offers end-to-end technology solutions has approved the acquisition of Dhyey Consulting Services as a part of expansion.
In early Tuesday trade, the Sensex surged by 254.11 points, reaching 71,569.20, while the Nifty marked a rise of 61.35 points, reaching 21,480. This positive momentum follows a decline in benchmark equity indices Sensex and Nifty on Monday, attributed to profit-taking by investors following a record-breaking rally in the previous week and a generally weak trend in Asian markets.
Stock markets update: Equity benchmark indices Sensex and Nifty scaled new lifetime high levels in intra-day trade on Tuesday. The new high came before ending with gains on the back of buying in index major Reliance Industries and positive global cues.

Sensex, Nifty hit fresh all-time high levels in early trade

Friday 15 December 2023 04:17 AM UTC+00
Benchmark equity indices Sensex and Nifty rallied over 1 per cent to hit all-time highs on Friday, propelled by intense buying in IT, tech and realty stocks after the US Federal Reserve kept its key interest rate unchanged and signalled rate cuts next year.
The State Bank of India (SBI) on Friday announced an increase in the marginal cost of MCLR by 5-10 basis points for select tenors. This means that the EMI of home loans, car loans, and personal loan will increase for the common people. Loans, such as auto or home loans, will become more expensive for borrowers. The increase in the marginal cost of lending rate (MCLR) of the country's leading bank is now between 8 per cent and 8.85 per cent. The new rates have come into effect from December 15.
Stock markets update: Equity benchmark indices surged more than 1 per cent to hit their new all-time highs on Friday. With the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth strengthened market sentiment. According to traders, heavy buying in IT, tech and metal counters amid sustained buying by foreign investors helped the domestic equities. 
New Delhi: The Central government on Friday allowed sugar mills to use both cane juice and B-heavy molasses for ethanol production. However, it imposed a limit on the diversion of sugar for this purpose, setting it at 17 lakh tonnes for the current supply year of 2023-24.
Former Reserve Bank Governor Raghuram Rajan claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6 per cent per year without any growth in population.  
Both key equity indices, Sensex and Nifty, experienced a downward trend marked by considerable volatility today in the stock market. At 10 am, the BSE Sensex witnessed a decline of 109 points, reaching 71,375, while the NSE Nifty50 traded at 21,440, marking a decrease of 17 points. Among the 30-share Sensex components, stocks like ICICI Bank, ITC, PowerGrid, IndusInd Bank, JSW Steel, and Axis Bank faced a dip. Conversely, Sun Pharma, Reliance, Titan, Bajaj Finance, HUL, and Wipro were early gainers in the market. Notably, JSW Steel observed a decline of over 3 percent due to the controversy surrounding JSW Group chief Sajjan Jindal.
The IPO market is buzzing. Around 12 IPOs from both mainboard and SME are currently open on Dalal Street. Sameera Agro And Infra IPO is all set to float its IPO. The real estate and agro-industry player will launch its IPO on December 21. The IPO comprises a fixed price issue with a price band set at Rs 180 per share.
Information technology was marked by several disruptive trends due to weakness in the West. However, the Fed's hint at cutting interest rates which would reduce borrowing costs across, has shifted the focus back towards the IT companies. The equities of IT shares have been gaining for the past few sessions, delivering handsome gains to investors. Dev Information Technologies which offers end-to-end technology solutions has approved the acquisition of Dhyey Consulting Services as a part of expansion.
In early Tuesday trade, the Sensex surged by 254.11 points, reaching 71,569.20, while the Nifty marked a rise of 61.35 points, reaching 21,480. This positive momentum follows a decline in benchmark equity indices Sensex and Nifty on Monday, attributed to profit-taking by investors following a record-breaking rally in the previous week and a generally weak trend in Asian markets.
Stock markets update: Equity benchmark indices Sensex and Nifty scaled new lifetime high levels in intra-day trade on Tuesday. The new high came before ending with gains on the back of buying in index major Reliance Industries and positive global cues.
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