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IndiaTV Business: Google News Feed: Digest for January 05, 2024

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Stock markets update: Equity benchmark indices opened in negative on Tuesday, on the second day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty also fell by 42.9 points to 21,699 points. 
Sensex fell by 379 points to settle at 71,892.48 on Tuesday due to profit-taking in bank and IT shares after recent sharp gains and fresh foreign fund outflows. During the day, it tumbled 658.2 points or 0.91 per cent to a low of 71,613.74. The broader Nifty declined by 76.10 points or 0.35 per cent to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.
Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse last month, the world's biggest workspace. It is also touted to be the world's largest and most modern centre for international diamond and jewellery business. In his address, PM Modi said that the Surat Diamond Bourse will create 150,000 new jobs and become a "one-stop shop" for artisans and businessmen. 
The mining sector has the potential for a multiplier effect on economic growth. According to a report, the auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the sector. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which is into the development and operation of mines and minerals, has announced the acquisition of mines in Africa.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Petrol, diesel price cut: Amit reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut.
Sensex fell by 379 points to settle at 71,892.48 on Tuesday due to profit-taking in bank and IT shares after recent sharp gains and fresh foreign fund outflows. During the day, it tumbled 658.2 points or 0.91 per cent to a low of 71,613.74. The broader Nifty declined by 76.10 points or 0.35 per cent to close at 21,665.80. As many as 31 Nifty shares declined while 19 advanced.
Prime Minister Narendra Modi inaugurated the Surat Diamond Bourse last month, the world's biggest workspace. It is also touted to be the world's largest and most modern centre for international diamond and jewellery business. In his address, PM Modi said that the Surat Diamond Bourse will create 150,000 new jobs and become a "one-stop shop" for artisans and businessmen. 
The mining sector has the potential for a multiplier effect on economic growth. According to a report, the auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the sector. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which is into the development and operation of mines and minerals, has announced the acquisition of mines in Africa.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Petrol, diesel price cut: Amit reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut.
After a dull of three consecutive days this year, Equity benchmark indices opened in positive on Thursday. In the early trade, the 30-share BSE Sensex jumped 351.88 points to 71,708.48. Meanwhile, the Nifty also gained 99 points to 21,616.35 points. 
The mining sector has the potential for a multiplier effect on economic growth. According to a report, the auctioning of critical mineral and offshore mineral blocks as well as giving exploration licences in 2024 are set to rejuvenate the sector. As the government focuses on self-reliance, multibagger stock Gujarat Toolroom which is into the development and operation of mines and minerals, has announced the acquisition of mines in Africa.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Petrol, diesel price cut: Amid reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut.
After a dull of three consecutive days this year, Equity benchmark indices opened in positive on Thursday. In the early trade, the 30-share BSE Sensex jumped 351.88 points to 71,708.48. Meanwhile, the Nifty also gained 99 points to 21,616.35 points. 
New Delhi: IndiGo on Thursday said it has removed fuel charge on tickets, nearly three months after introducing the levy in response to a spike in jet fuel prices. The fuel charge was applicable on the airline's domestic and international routes.
Anticipating favourable conditions and increased coverage, a senior official from the food ministry said that wheat production is projected to reach a new milestone of 114 million tonnes in the current 2023-24 crop year. The final phase of sowing for wheat, the primary rabi crop, is currently underway and is expected to continue until the following week. According to official data, wheat had been planted in 320.54 lakh hectares till the last week. In the preceding 2022-23 crop year (July-June), wheat production achieved a record 110.55 million tonnes, surpassing 107.7 million tonnes from the previous year.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Petrol, diesel price cut: Amid reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut.
After a dull of three consecutive days this year, Equity benchmark indices opened in positive on Thursday. In the early trade, the 30-share BSE Sensex jumped 351.88 points to 71,708.48. Meanwhile, the Nifty also gained 99 points to 21,616.35 points. 
New Delhi: IndiGo on Thursday said it has removed fuel charge on tickets, nearly three months after introducing the levy in response to a spike in jet fuel prices. The fuel charge was applicable on the airline's domestic and international routes.
Anticipating favourable conditions and increased coverage, a senior official from the food ministry said that wheat production is projected to reach a new milestone of 114 million tonnes in the current 2023-24 crop year. The final phase of sowing for wheat, the primary rabi crop, is currently underway and is expected to continue until the following week. According to official data, wheat had been planted in 320.54 lakh hectares till the last week. In the preceding 2022-23 crop year (July-June), wheat production achieved a record 110.55 million tonnes, surpassing 107.7 million tonnes from the previous year.

Sensex surges almost 500 points, Nifty ends above 21,600

Thursday 04 January 2024 10:39 AM UTC+00
In a bid to recover from the week's previous losses, the two primary equity benchmarks, Sensex and Nifty, closed Thursday's trading session in positive territory. The S&P BSE Sensex saw a robust gain of nearly 500 points, concluding at 71,847.57, while the NSE Nifty50 surged by almost 150 points, settling at 21,658.60. Among the 30-share Sensex components, Bajaj Finance, NTPC, IndusInd Bank, Axis Bank, and Nestle emerged as the top gainers. Conversely, HCL Tech, M&M, Tata Steel, Hindustan Unilever, and UltraTech Cement faced losses during the day.
The financial services sector plays a crucial role in driving the economy. According to the National Securities Depository Limited (NSDL), the largest securities depositories in the world, foreign portfolio investors have shown significant interest in the financial services sector of India. Despite the recent stringent regulations imposed by the Reserve Bank of India (RBI), the sector continues to be in focus in the current bullish market scenario. Several brokerages say that the year 2024 will be a landmark year in banking and finance, marked by significant changes and transformations.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Petrol, diesel price cut: Amid reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut.
After a dull of three consecutive days this year, Equity benchmark indices opened in positive on Thursday. In the early trade, the 30-share BSE Sensex jumped 351.88 points to 71,708.48. Meanwhile, the Nifty also gained 99 points to 21,616.35 points. 
New Delhi: IndiGo on Thursday said it has removed fuel charge on tickets, nearly three months after introducing the levy in response to a spike in jet fuel prices. The fuel charge was applicable on the airline's domestic and international routes.
Anticipating favourable conditions and increased coverage, a senior official from the food ministry said that wheat production is projected to reach a new milestone of 114 million tonnes in the current 2023-24 crop year. The final phase of sowing for wheat, the primary rabi crop, is currently underway and is expected to continue until the following week. According to official data, wheat had been planted in 320.54 lakh hectares till the last week. In the preceding 2022-23 crop year (July-June), wheat production achieved a record 110.55 million tonnes, surpassing 107.7 million tonnes from the previous year.

Sensex surges almost 500 points, Nifty ends above 21,600

Thursday 04 January 2024 10:39 AM UTC+00
In a bid to recover from the week's previous losses, the two primary equity benchmarks, Sensex and Nifty, closed Thursday's trading session in positive territory. The S&P BSE Sensex saw a robust gain of nearly 500 points, concluding at 71,847.57, while the NSE Nifty50 surged by almost 150 points, settling at 21,658.60. Among the 30-share Sensex components, Bajaj Finance, NTPC, IndusInd Bank, Axis Bank, and Nestle emerged as the top gainers. Conversely, HCL Tech, M&M, Tata Steel, Hindustan Unilever, and UltraTech Cement faced losses during the day.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Petrol, diesel price cut: Amid reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut.
After a dull of three consecutive days this year, Equity benchmark indices opened in positive on Thursday. In the early trade, the 30-share BSE Sensex jumped 351.88 points to 71,708.48. Meanwhile, the Nifty also gained 99 points to 21,616.35 points. 
New Delhi: IndiGo on Thursday said it has removed fuel charge on tickets, nearly three months after introducing the levy in response to a spike in jet fuel prices. The fuel charge was applicable on the airline's domestic and international routes.
Anticipating favourable conditions and increased coverage, a senior official from the food ministry said that wheat production is projected to reach a new milestone of 114 million tonnes in the current 2023-24 crop year. The final phase of sowing for wheat, the primary rabi crop, is currently underway and is expected to continue until the following week. According to official data, wheat had been planted in 320.54 lakh hectares till the last week. In the preceding 2022-23 crop year (July-June), wheat production achieved a record 110.55 million tonnes, surpassing 107.7 million tonnes from the previous year.

Sensex surges almost 500 points, Nifty ends above 21,600

Thursday 04 January 2024 10:39 AM UTC+00
In a bid to recover from the week's previous losses, the two primary equity benchmarks, Sensex and Nifty, closed Thursday's trading session in positive territory. The S&P BSE Sensex saw a robust gain of nearly 500 points, concluding at 71,847.57, while the NSE Nifty50 surged by almost 150 points, settling at 21,658.60. Among the 30-share Sensex components, Bajaj Finance, NTPC, IndusInd Bank, Axis Bank, and Nestle emerged as the top gainers. Conversely, HCL Tech, M&M, Tata Steel, Hindustan Unilever, and UltraTech Cement faced losses during the day.
The Directorate General of Civil Aviation (DGCA) announced a notable upswing in domestic airline fleet expansion in 2023, with the induction of 133 planes—a remarkable 51% surge compared to the previous year. Among these, 21 aircraft were acquired through wet lease arrangements.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Petrol, diesel price cut: Amid reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut.
After a dull of three consecutive days this year, Equity benchmark indices opened in positive on Thursday. In the early trade, the 30-share BSE Sensex jumped 351.88 points to 71,708.48. Meanwhile, the Nifty also gained 99 points to 21,616.35 points. 
New Delhi: IndiGo on Thursday said it has removed fuel charge on tickets, nearly three months after introducing the levy in response to a spike in jet fuel prices. The fuel charge was applicable on the airline's domestic and international routes.
Anticipating favourable conditions and increased coverage, a senior official from the food ministry said that wheat production is projected to reach a new milestone of 114 million tonnes in the current 2023-24 crop year. The final phase of sowing for wheat, the primary rabi crop, is currently underway and is expected to continue until the following week. According to official data, wheat had been planted in 320.54 lakh hectares till the last week. In the preceding 2022-23 crop year (July-June), wheat production achieved a record 110.55 million tonnes, surpassing 107.7 million tonnes from the previous year.

Sensex surges almost 500 points, Nifty ends above 21,600

Thursday 04 January 2024 10:39 AM UTC+00
In a bid to recover from the week's previous losses, the two primary equity benchmarks, Sensex and Nifty, closed Thursday's trading session in positive territory. The S&P BSE Sensex saw a robust gain of nearly 500 points, concluding at 71,847.57, while the NSE Nifty50 surged by almost 150 points, settling at 21,658.60. Among the 30-share Sensex components, Bajaj Finance, NTPC, IndusInd Bank, Axis Bank, and Nestle emerged as the top gainers. Conversely, HCL Tech, M&M, Tata Steel, Hindustan Unilever, and UltraTech Cement faced losses during the day.
The Directorate General of Civil Aviation (DGCA) announced a notable upswing in domestic airline fleet expansion in 2023, with the induction of 133 planes—a remarkable 51% surge compared to the previous year. Among these, 21 aircraft were acquired through wet lease arrangements.
The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. The bench, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, will deliver the judgment at 10:30 AM on four petitions filed by lawyers Vishal Tiwari, M L Sharma, Congress leader Jaya Thakur, and Anamika Jaiswal. These petitions assert that the Adani Group, closely associated with the Modi government, artificially inflated its share prices, leading to a significant decline after the release of a report by short-seller Hindenburg Research.
Stock markets update: Equity benchmark indices opened in negative on Wednesday, on the third day running in 2024, amid the recent sharp rally and lack of trends from global markets. In the early trade, the 30-share BSE Sensex declined 271.85 points to 71,620.63. Meanwhile, the Nifty also fell by 71.35 points to 21,594.45 points. 
On the onset of the Supreme Court ruling that there was no ground to order an investigation by a SIT or other probe agency into allegations against the group, shares of Adani group of companies jumped in morning trade on Wednesday. The Supreme Court on Wednesday said capital market regulator SEBI must conclude its probe within three months.
Benchmark stock market indices experienced a downturn for the third consecutive session on Wednesday, primarily driven by a decline in information technology shares amidst a broader global market slide. The S&P BSE Sensex witnessed a drop of 535.88 points, settling at 71,356.60, while the NSE Nifty50 slid by 148.45 points, concluding at 21,517.35. Today's trading session saw weakness across broader market indices.
Petrol, diesel price cut: Amid reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut.
After a dull of three consecutive days this year, Equity benchmark indices opened in positive on Thursday. In the early trade, the 30-share BSE Sensex jumped 351.88 points to 71,708.48. Meanwhile, the Nifty also gained 99 points to 21,616.35 points. 
New Delhi: IndiGo on Thursday said it has removed fuel charge on tickets, nearly three months after introducing the levy in response to a spike in jet fuel prices. The fuel charge was applicable on the airline's domestic and international routes.
Anticipating favourable conditions and increased coverage, a senior official from the food ministry said that wheat production is projected to reach a new milestone of 114 million tonnes in the current 2023-24 crop year. The final phase of sowing for wheat, the primary rabi crop, is currently underway and is expected to continue until the following week. According to official data, wheat had been planted in 320.54 lakh hectares till the last week. In the preceding 2022-23 crop year (July-June), wheat production achieved a record 110.55 million tonnes, surpassing 107.7 million tonnes from the previous year.

Sensex surges almost 500 points, Nifty ends above 21,600

Thursday 04 January 2024 10:39 AM UTC+00
In a bid to recover from the week's previous losses, the two primary equity benchmarks, Sensex and Nifty, closed Thursday's trading session in positive territory. The S&P BSE Sensex saw a robust gain of nearly 500 points, concluding at 71,847.57, while the NSE Nifty50 surged by almost 150 points, settling at 21,658.60. Among the 30-share Sensex components, Bajaj Finance, NTPC, IndusInd Bank, Axis Bank, and Nestle emerged as the top gainers. Conversely, HCL Tech, M&M, Tata Steel, Hindustan Unilever, and UltraTech Cement faced losses during the day.
The Directorate General of Civil Aviation (DGCA) announced a notable upswing in domestic airline fleet expansion in 2023, with the induction of 133 planes—a remarkable 51% surge compared to the previous year. Among these, 21 aircraft were acquired through wet lease arrangements.
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