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IndiaTV Business: Google News Feed: Digest for December 21, 2023

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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.
The demand for PVC in India has witnessed an impressive CAGR. The boom in the real estate, agriculture, and allies sectors has given further push to the demand for PVC products, thus driving manufacturing activities. In the coming years, the Indian PVC market is anticipated to witness healthy growth after the government scheme of self-reliant India, emphasising the domestic production and consumption of products.
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.
The demand for PVC in India has witnessed an impressive CAGR. The boom in the real estate, agriculture, and allies sectors has given further push to the demand for PVC products, thus driving manufacturing activities. In the coming years, the Indian PVC market is anticipated to witness healthy growth after the government scheme of self-reliant India, emphasising the domestic production and consumption of products.

Sensex, Nifty hit record highs amid global optimism, IT stock surge

Wednesday 20 December 2023 05:35 AM UTC+00
Sensex and Nifty achieved new all-time high levels in early trade on Wednesday, buoyed by a positive global market trend and increased buying in IT stocks and Reliance Industries. The 30-share BSE Sensex surged 475.88 points, reaching an unprecedented peak of 71,913.07, while the Nifty rose 138.8 points, hitting a record high of 21,591.90.
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.
The demand for PVC in India has witnessed an impressive CAGR. The boom in the real estate, agriculture, and allies sectors has given further push to the demand for PVC products, thus driving manufacturing activities. In the coming years, the Indian PVC market is anticipated to witness healthy growth after the government scheme of self-reliant India, emphasising the domestic production and consumption of products.

Sensex, Nifty hit record highs amid global optimism, IT stock surge

Wednesday 20 December 2023 05:35 AM UTC+00
Sensex and Nifty achieved new all-time high levels in early trade on Wednesday, buoyed by a positive global market trend and increased buying in IT stocks and Reliance Industries. The 30-share BSE Sensex surged 475.88 points, reaching an unprecedented peak of 71,913.07, while the Nifty rose 138.8 points, hitting a record high of 21,591.90.
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.
The demand for PVC in India has witnessed an impressive CAGR. The boom in the real estate, agriculture, and allies sectors has given further push to the demand for PVC products, thus driving manufacturing activities. In the coming years, the Indian PVC market is anticipated to witness healthy growth after the government scheme of self-reliant India, emphasising the domestic production and consumption of products.

Sensex, Nifty hit record highs amid global optimism, IT stock surge

Wednesday 20 December 2023 05:35 AM UTC+00
Sensex and Nifty achieved new all-time high levels in early trade on Wednesday, buoyed by a positive global market trend and increased buying in IT stocks and Reliance Industries. The 30-share BSE Sensex surged 475.88 points, reaching an unprecedented peak of 71,913.07, while the Nifty rose 138.8 points, hitting a record high of 21,591.90.
Crisis-hit SpiceJet got a sigh of relief after businessman Harihara Mahapatra and his wife Preeti Mahapatra reportedly decided to invest Rs 1,100 crore in the airline for a 19 per cent stake in the companies. According to the Economic Times, which reviewed a funding proposal, Aries Opportunities Fund will hold 3 per cent while Elara Capital will hold 8 per cent after the conversion of warrants. 
Stock markets update: After reaching new all-time highs on Wednesday, the equity benchmark indices Sensex and Nifty fell sharply, dropping more than 1 per cent of their value as investors profited from the previous surge.
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.
The demand for PVC in India has witnessed an impressive CAGR. The boom in the real estate, agriculture, and allies sectors has given further push to the demand for PVC products, thus driving manufacturing activities. In the coming years, the Indian PVC market is anticipated to witness healthy growth after the government scheme of self-reliant India, emphasising the domestic production and consumption of products.

Sensex, Nifty hit record highs amid global optimism, IT stock surge

Wednesday 20 December 2023 05:35 AM UTC+00
Sensex and Nifty achieved new all-time high levels in early trade on Wednesday, buoyed by a positive global market trend and increased buying in IT stocks and Reliance Industries. The 30-share BSE Sensex surged 475.88 points, reaching an unprecedented peak of 71,913.07, while the Nifty rose 138.8 points, hitting a record high of 21,591.90.
Crisis-hit SpiceJet got a sigh of relief after businessman Harihara Mahapatra and his wife Preeti Mahapatra reportedly decided to invest Rs 1,100 crore in the airline for a 19 per cent stake in the companies. According to the Economic Times, which reviewed a funding proposal, Aries Opportunities Fund will hold 3 per cent while Elara Capital will hold 8 per cent after the conversion of warrants. 
Stock markets update: After reaching new all-time highs on Wednesday, the equity benchmark indices Sensex and Nifty fell sharply, dropping more than 1 per cent of their value as investors profited from the previous surge.
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.
The demand for PVC in India has witnessed an impressive CAGR. The boom in the real estate, agriculture, and allies sectors has given further push to the demand for PVC products, thus driving manufacturing activities. In the coming years, the Indian PVC market is anticipated to witness healthy growth after the government scheme of self-reliant India, emphasising the domestic production and consumption of products.

Sensex, Nifty hit record highs amid global optimism, IT stock surge

Wednesday 20 December 2023 05:35 AM UTC+00
Sensex and Nifty achieved new all-time high levels in early trade on Wednesday, buoyed by a positive global market trend and increased buying in IT stocks and Reliance Industries. The 30-share BSE Sensex surged 475.88 points, reaching an unprecedented peak of 71,913.07, while the Nifty rose 138.8 points, hitting a record high of 21,591.90.
Crisis-hit SpiceJet got a sigh of relief after businessman Harihara Mahapatra and his wife Preeti Mahapatra reportedly decided to invest Rs 1,100 crore in the airline for a 19 per cent stake in the companies. According to the Economic Times, which reviewed a funding proposal, Aries Opportunities Fund will hold 3 per cent while Elara Capital will hold 8 per cent after the conversion of warrants. 
Stock markets update: After reaching new all-time highs on Wednesday, the equity benchmark indices Sensex and Nifty fell sharply, dropping more than 1 per cent of their value as investors profited from the previous surge.
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.
The demand for PVC in India has witnessed an impressive CAGR. The boom in the real estate, agriculture, and allies sectors has given further push to the demand for PVC products, thus driving manufacturing activities. In the coming years, the Indian PVC market is anticipated to witness healthy growth after the government scheme of self-reliant India, emphasising the domestic production and consumption of products.

Sensex, Nifty hit record highs amid global optimism, IT stock surge

Wednesday 20 December 2023 05:35 AM UTC+00
Sensex and Nifty achieved new all-time high levels in early trade on Wednesday, buoyed by a positive global market trend and increased buying in IT stocks and Reliance Industries. The 30-share BSE Sensex surged 475.88 points, reaching an unprecedented peak of 71,913.07, while the Nifty rose 138.8 points, hitting a record high of 21,591.90.
Crisis-hit SpiceJet got a sigh of relief after businessman Harihara Mahapatra and his wife Preeti Mahapatra reportedly decided to invest Rs 1,100 crore in the airline for a 19 per cent stake in the companies. According to the Economic Times, which reviewed a funding proposal, Aries Opportunities Fund will hold 3 per cent while Elara Capital will hold 8 per cent after the conversion of warrants. 
Stock markets update: After reaching new all-time highs on Wednesday, the equity benchmark indices Sensex and Nifty fell sharply, dropping more than 1 per cent of their value as investors profited from the previous surge.
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