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IndiaTV Business: Google News Feed: Digest for June 30, 2024

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The Reserve Bank of India (RBI) on Monday stated that India recorded a current account surplus of USD 5.7 billion, equivalent to 0.6 per cent of Gross Domestic Product (GDP), for the March quarter. This marks a significant improvement from the same period last year, when the current account deficit was USD 1.3 billion or 0.2 per cent of GDP. Additionally, in the preceding quarter ending December 2023, the deficit stood at USD 8.7 billion or 1 per cent of GDP.
After a bearish start on Monday, influenced by global market weaknesses and significant foreign fund outflows, the Indian equity benchmarks witnessed a strong rebound on Tuesday. The 30-share BSE Sensex gained back 541.25 points, rising to 77,882.33 points in early trade today. Similarly, the broader Nifty index also exhibited positive momentum, climbing 130.8 points to touch a record high of 23,668.65 points.      Top gainers and losers

Sensex surges to record high, crosses 78,164 mark

Wednesday 26 June 2024 05:05 AM UTC+00
The 30-share BSE Sensex climbed 134.64 points in early trade to hit a fresh all-time high of 78,188.16. The Nifty also rose by 28.2 points to 23,749.50. Despite early gains, both indices encountered volatile trends, oscillating between highs and lows as profit-taking emerged.
As we approach July, significant financial changes are on the horizon, affecting various facets of our economic landscape. From crucial Lok Sabha election results to impending income tax return deadlines and revisions in credit card policies, staying informed is paramount for making informed financial decisions. The ongoing Lok Sabha session will shape the political landscape, influencing economic policies and market sentiments. Simultaneously, taxpayers must prepare for the impending deadline for filing income tax returns, ensuring compliance, and avoiding penalties.
The benchmark indices for the stock market, Sensex and Nifty, ended at their new all-time high levels on Wednesday. This surge mirrored the rally seen among Asian markets and was bolstered by significant buying activity in Reliance Industries. The 30-share BSE Sensex saw a substantial increase, climbing by 620.73 points to close at a record high of 78,674.25. Throughout the trading session, the index experienced an impressive rise, peaking at an all-time intraday high of 78,759.40 with a rally of 705.88 points.
Yes Bank layoffs: Yes Bank has undertaken an internal restructuring exercise resulting in the layoff of 500 employees, with further layoffs expected in the coming weeks, according to media reports. The layoffs have affected personnel across various verticals, including wholesale and retail banking, with the branch banking segment experiencing a significant impact. According to reports, all the affected employees have been provided with three months' severance pay. This move comes at a time when most private lenders are expanding their workforce.
The 30-share BSE Sensex fell by 149.41 points to 78,524.84 after reaching an all-time high of 78,771.64 in early trading. Similarly, the Nifty dropped 47.45 points to 23,821.35. Among the 30 Sensex companies, Mahindra & Mahindra, Tech Mahindra, Larsen & Toubro, HCL Technologies, Maruti, Bharti Airtel, Tata Consultancy Services, and Nestle experienced the most significant declines.
President Droupadi Murmu delivered her address to the joint session of Parliament today, emphasising that the government's mantra of "reform, transform, and perform" has yielded positive results. She highlighted the upcoming budget as a historical and futuristic document that will fast-track reforms and introduce far-reaching policies.
The BSE Sensex soared to an all-time high on Friday, jumping 243.15 points to reach 79,486.33 in the opening trade. The NSE Nifty followed suit, climbing 74.2 points to a record 24,118.7. Key large-cap stocks such as NTPC, Sun Pharma, Tech Mahindra, PowerGrid, and Tata Motors were among the biggest gainers, rising up to 1.63%.
India's forex reserves jumped by USD 816 million to USD 653.711 billion for the week ended June 21, the Reserve Bank of India (RBI) said today (June 28). In the previous reporting week, the overall reserves had dropped by USD 2.922 billion to USD 652.895 billion. The all-time high for the reserves is at USD 655.817 billion achieved on June 7.
After a bearish start on Monday, influenced by global market weaknesses and significant foreign fund outflows, the Indian equity benchmarks witnessed a strong rebound on Tuesday. The 30-share BSE Sensex gained back 541.25 points, rising to 77,882.33 points in early trade today. Similarly, the broader Nifty index also exhibited positive momentum, climbing 130.8 points to touch a record high of 23,668.65 points.      Top gainers and losers

Sensex surges to record high, crosses 78,164 mark

Wednesday 26 June 2024 05:05 AM UTC+00
The 30-share BSE Sensex climbed 134.64 points in early trade to hit a fresh all-time high of 78,188.16. The Nifty also rose by 28.2 points to 23,749.50. Despite early gains, both indices encountered volatile trends, oscillating between highs and lows as profit-taking emerged.
As we approach July, significant financial changes are on the horizon, affecting various facets of our economic landscape. From crucial Lok Sabha election results to impending income tax return deadlines and revisions in credit card policies, staying informed is paramount for making informed financial decisions. The ongoing Lok Sabha session will shape the political landscape, influencing economic policies and market sentiments. Simultaneously, taxpayers must prepare for the impending deadline for filing income tax returns, ensuring compliance, and avoiding penalties.
The benchmark indices for the stock market, Sensex and Nifty, ended at their new all-time high levels on Wednesday. This surge mirrored the rally seen among Asian markets and was bolstered by significant buying activity in Reliance Industries. The 30-share BSE Sensex saw a substantial increase, climbing by 620.73 points to close at a record high of 78,674.25. Throughout the trading session, the index experienced an impressive rise, peaking at an all-time intraday high of 78,759.40 with a rally of 705.88 points.
Yes Bank layoffs: Yes Bank has undertaken an internal restructuring exercise resulting in the layoff of 500 employees, with further layoffs expected in the coming weeks, according to media reports. The layoffs have affected personnel across various verticals, including wholesale and retail banking, with the branch banking segment experiencing a significant impact. According to reports, all the affected employees have been provided with three months' severance pay. This move comes at a time when most private lenders are expanding their workforce.
The 30-share BSE Sensex fell by 149.41 points to 78,524.84 after reaching an all-time high of 78,771.64 in early trading. Similarly, the Nifty dropped 47.45 points to 23,821.35. Among the 30 Sensex companies, Mahindra & Mahindra, Tech Mahindra, Larsen & Toubro, HCL Technologies, Maruti, Bharti Airtel, Tata Consultancy Services, and Nestle experienced the most significant declines.
President Droupadi Murmu delivered her address to the joint session of Parliament today, emphasising that the government's mantra of "reform, transform, and perform" has yielded positive results. She highlighted the upcoming budget as a historical and futuristic document that will fast-track reforms and introduce far-reaching policies.
The BSE Sensex soared to an all-time high on Friday, jumping 243.15 points to reach 79,486.33 in the opening trade. The NSE Nifty followed suit, climbing 74.2 points to a record 24,118.7. Key large-cap stocks such as NTPC, Sun Pharma, Tech Mahindra, PowerGrid, and Tata Motors were among the biggest gainers, rising up to 1.63%.
India's forex reserves jumped by USD 816 million to USD 653.711 billion for the week ended June 21, the Reserve Bank of India (RBI) said today (June 28). In the previous reporting week, the overall reserves had dropped by USD 2.922 billion to USD 652.895 billion. The all-time high for the reserves is at USD 655.817 billion achieved on June 7.
The Reserve Bank of India recently released the data on the personal loan segment suggesting that the housing loan outstanding has swelled at a faster rate on a year-on-year basis in May 2024. This comes as the personal loan segment has decelerated in the same period.
After a bearish start on Monday, influenced by global market weaknesses and significant foreign fund outflows, the Indian equity benchmarks witnessed a strong rebound on Tuesday. The 30-share BSE Sensex gained back 541.25 points, rising to 77,882.33 points in early trade today. Similarly, the broader Nifty index also exhibited positive momentum, climbing 130.8 points to touch a record high of 23,668.65 points.      Top gainers and losers

Sensex surges to record high, crosses 78,164 mark

Wednesday 26 June 2024 05:05 AM UTC+00
The 30-share BSE Sensex climbed 134.64 points in early trade to hit a fresh all-time high of 78,188.16. The Nifty also rose by 28.2 points to 23,749.50. Despite early gains, both indices encountered volatile trends, oscillating between highs and lows as profit-taking emerged.
As we approach July, significant financial changes are on the horizon, affecting various facets of our economic landscape. From crucial Lok Sabha election results to impending income tax return deadlines and revisions in credit card policies, staying informed is paramount for making informed financial decisions. The ongoing Lok Sabha session will shape the political landscape, influencing economic policies and market sentiments. Simultaneously, taxpayers must prepare for the impending deadline for filing income tax returns, ensuring compliance, and avoiding penalties.
The benchmark indices for the stock market, Sensex and Nifty, ended at their new all-time high levels on Wednesday. This surge mirrored the rally seen among Asian markets and was bolstered by significant buying activity in Reliance Industries. The 30-share BSE Sensex saw a substantial increase, climbing by 620.73 points to close at a record high of 78,674.25. Throughout the trading session, the index experienced an impressive rise, peaking at an all-time intraday high of 78,759.40 with a rally of 705.88 points.
Yes Bank layoffs: Yes Bank has undertaken an internal restructuring exercise resulting in the layoff of 500 employees, with further layoffs expected in the coming weeks, according to media reports. The layoffs have affected personnel across various verticals, including wholesale and retail banking, with the branch banking segment experiencing a significant impact. According to reports, all the affected employees have been provided with three months' severance pay. This move comes at a time when most private lenders are expanding their workforce.
The 30-share BSE Sensex fell by 149.41 points to 78,524.84 after reaching an all-time high of 78,771.64 in early trading. Similarly, the Nifty dropped 47.45 points to 23,821.35. Among the 30 Sensex companies, Mahindra & Mahindra, Tech Mahindra, Larsen & Toubro, HCL Technologies, Maruti, Bharti Airtel, Tata Consultancy Services, and Nestle experienced the most significant declines.
President Droupadi Murmu delivered her address to the joint session of Parliament today, emphasising that the government's mantra of "reform, transform, and perform" has yielded positive results. She highlighted the upcoming budget as a historical and futuristic document that will fast-track reforms and introduce far-reaching policies.
The BSE Sensex soared to an all-time high on Friday, jumping 243.15 points to reach 79,486.33 in the opening trade. The NSE Nifty followed suit, climbing 74.2 points to a record 24,118.7. Key large-cap stocks such as NTPC, Sun Pharma, Tech Mahindra, PowerGrid, and Tata Motors were among the biggest gainers, rising up to 1.63%.
India's forex reserves jumped by USD 816 million to USD 653.711 billion for the week ended June 21, the Reserve Bank of India (RBI) said today (June 28). In the previous reporting week, the overall reserves had dropped by USD 2.922 billion to USD 652.895 billion. The all-time high for the reserves is at USD 655.817 billion achieved on June 7.
The Reserve Bank of India recently released the data on the personal loan segment suggesting that the housing loan outstanding has swelled at a faster rate on a year-on-year basis in May 2024. This comes as the personal loan segment has decelerated in the same period.
After a bearish start on Monday, influenced by global market weaknesses and significant foreign fund outflows, the Indian equity benchmarks witnessed a strong rebound on Tuesday. The 30-share BSE Sensex gained back 541.25 points, rising to 77,882.33 points in early trade today. Similarly, the broader Nifty index also exhibited positive momentum, climbing 130.8 points to touch a record high of 23,668.65 points.      Top gainers and losers

Sensex surges to record high, crosses 78,164 mark

Wednesday 26 June 2024 05:05 AM UTC+00
The 30-share BSE Sensex climbed 134.64 points in early trade to hit a fresh all-time high of 78,188.16. The Nifty also rose by 28.2 points to 23,749.50. Despite early gains, both indices encountered volatile trends, oscillating between highs and lows as profit-taking emerged.
As we approach July, significant financial changes are on the horizon, affecting various facets of our economic landscape. From crucial Lok Sabha election results to impending income tax return deadlines and revisions in credit card policies, staying informed is paramount for making informed financial decisions. The ongoing Lok Sabha session will shape the political landscape, influencing economic policies and market sentiments. Simultaneously, taxpayers must prepare for the impending deadline for filing income tax returns, ensuring compliance, and avoiding penalties.
The benchmark indices for the stock market, Sensex and Nifty, ended at their new all-time high levels on Wednesday. This surge mirrored the rally seen among Asian markets and was bolstered by significant buying activity in Reliance Industries. The 30-share BSE Sensex saw a substantial increase, climbing by 620.73 points to close at a record high of 78,674.25. Throughout the trading session, the index experienced an impressive rise, peaking at an all-time intraday high of 78,759.40 with a rally of 705.88 points.
Yes Bank layoffs: Yes Bank has undertaken an internal restructuring exercise resulting in the layoff of 500 employees, with further layoffs expected in the coming weeks, according to media reports. The layoffs have affected personnel across various verticals, including wholesale and retail banking, with the branch banking segment experiencing a significant impact. According to reports, all the affected employees have been provided with three months' severance pay. This move comes at a time when most private lenders are expanding their workforce.
The 30-share BSE Sensex fell by 149.41 points to 78,524.84 after reaching an all-time high of 78,771.64 in early trading. Similarly, the Nifty dropped 47.45 points to 23,821.35. Among the 30 Sensex companies, Mahindra & Mahindra, Tech Mahindra, Larsen & Toubro, HCL Technologies, Maruti, Bharti Airtel, Tata Consultancy Services, and Nestle experienced the most significant declines.
President Droupadi Murmu delivered her address to the joint session of Parliament today, emphasising that the government's mantra of "reform, transform, and perform" has yielded positive results. She highlighted the upcoming budget as a historical and futuristic document that will fast-track reforms and introduce far-reaching policies.
The BSE Sensex soared to an all-time high on Friday, jumping 243.15 points to reach 79,486.33 in the opening trade. The NSE Nifty followed suit, climbing 74.2 points to a record 24,118.7. Key large-cap stocks such as NTPC, Sun Pharma, Tech Mahindra, PowerGrid, and Tata Motors were among the biggest gainers, rising up to 1.63%.
India's forex reserves jumped by USD 816 million to USD 653.711 billion for the week ended June 21, the Reserve Bank of India (RBI) said today (June 28). In the previous reporting week, the overall reserves had dropped by USD 2.922 billion to USD 652.895 billion. The all-time high for the reserves is at USD 655.817 billion achieved on June 7.
The Reserve Bank of India recently released the data on the personal loan segment suggesting that the housing loan outstanding has swelled at a faster rate on a year-on-year basis in May 2024. This comes as the personal loan segment has decelerated in the same period.
After a bearish start on Monday, influenced by global market weaknesses and significant foreign fund outflows, the Indian equity benchmarks witnessed a strong rebound on Tuesday. The 30-share BSE Sensex gained back 541.25 points, rising to 77,882.33 points in early trade today. Similarly, the broader Nifty index also exhibited positive momentum, climbing 130.8 points to touch a record high of 23,668.65 points.      Top gainers and losers

Sensex surges to record high, crosses 78,164 mark

Wednesday 26 June 2024 05:05 AM UTC+00
The 30-share BSE Sensex climbed 134.64 points in early trade to hit a fresh all-time high of 78,188.16. The Nifty also rose by 28.2 points to 23,749.50. Despite early gains, both indices encountered volatile trends, oscillating between highs and lows as profit-taking emerged.
As we approach July, significant financial changes are on the horizon, affecting various facets of our economic landscape. From crucial Lok Sabha election results to impending income tax return deadlines and revisions in credit card policies, staying informed is paramount for making informed financial decisions. The ongoing Lok Sabha session will shape the political landscape, influencing economic policies and market sentiments. Simultaneously, taxpayers must prepare for the impending deadline for filing income tax returns, ensuring compliance, and avoiding penalties.
The benchmark indices for the stock market, Sensex and Nifty, ended at their new all-time high levels on Wednesday. This surge mirrored the rally seen among Asian markets and was bolstered by significant buying activity in Reliance Industries. The 30-share BSE Sensex saw a substantial increase, climbing by 620.73 points to close at a record high of 78,674.25. Throughout the trading session, the index experienced an impressive rise, peaking at an all-time intraday high of 78,759.40 with a rally of 705.88 points.
Yes Bank layoffs: Yes Bank has undertaken an internal restructuring exercise resulting in the layoff of 500 employees, with further layoffs expected in the coming weeks, according to media reports. The layoffs have affected personnel across various verticals, including wholesale and retail banking, with the branch banking segment experiencing a significant impact. According to reports, all the affected employees have been provided with three months' severance pay. This move comes at a time when most private lenders are expanding their workforce.
The 30-share BSE Sensex fell by 149.41 points to 78,524.84 after reaching an all-time high of 78,771.64 in early trading. Similarly, the Nifty dropped 47.45 points to 23,821.35. Among the 30 Sensex companies, Mahindra & Mahindra, Tech Mahindra, Larsen & Toubro, HCL Technologies, Maruti, Bharti Airtel, Tata Consultancy Services, and Nestle experienced the most significant declines.
President Droupadi Murmu delivered her address to the joint session of Parliament today, emphasising that the government's mantra of "reform, transform, and perform" has yielded positive results. She highlighted the upcoming budget as a historical and futuristic document that will fast-track reforms and introduce far-reaching policies.
The BSE Sensex soared to an all-time high on Friday, jumping 243.15 points to reach 79,486.33 in the opening trade. The NSE Nifty followed suit, climbing 74.2 points to a record 24,118.7. Key large-cap stocks such as NTPC, Sun Pharma, Tech Mahindra, PowerGrid, and Tata Motors were among the biggest gainers, rising up to 1.63%.
India's forex reserves jumped by USD 816 million to USD 653.711 billion for the week ended June 21, the Reserve Bank of India (RBI) said today (June 28). In the previous reporting week, the overall reserves had dropped by USD 2.922 billion to USD 652.895 billion. The all-time high for the reserves is at USD 655.817 billion achieved on June 7.
The Reserve Bank of India recently released the data on the personal loan segment suggesting that the housing loan outstanding has swelled at a faster rate on a year-on-year basis in May 2024. This comes as the personal loan segment has decelerated in the same period.
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