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IndiaTV Business: Google News Feed: Digest for July 04, 2024

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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.
The Indian economy is poised for a potentially stable high-growth phase and is in a strong position despite significant risks, according to RBI's monetary policy committee member Shashanka Bhide. Speaking on Sunday, Bhide emphasised that the growth of income will support domestic demand, and the additions to production or supply capacity, reflected by high levels of investment spending over the last couple of years, will help sustain domestic economic activity's momentum. 
The Oil Marketing Companies on Monday announced a reduction in the prices of 19-kilogram commercial LPG cylinders across the country. The rates revised by Rs Rs 30 have come into effect with immediate effect. The retail sales price for a 19 kg commercial LPG cylinder now stands at Rs 1,646 in Delhi down from Rs 1676 previously.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 69.63 points to 79,102.36. Meanwhile, the Nifty was also up by 37.85 points to 24,048.45 points.
The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crores at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, has declined to Rs 7581 crores at the close of business on June 28, 2024, the RBI said on Monday (July 1). 97.87 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned. The Rs 2000 banknotes continue to be legal tender, the RBI added.
The Sensex surged by 443 points to close at a new all-time high of 79,476.19, while the Nifty climbed 131.35 points to end above the 24,100 mark at 24,141.95, hitting fresh lifetime highs on Monday. Major contributors to the rally included Tech Mahindra, UltraTech Cement, Bajaj Finance, Hindustan Unilever, Tata Consultancy Services, JSW Steel, Infosys, HDFC Bank, Tata Motors, and ICICI Bank. However, NTPC, State Bank of India, Larsen & Toubro, Sun Pharma, IndusInd Bank, and Axis Bank were among the laggards.
Adani-Hindenburg row: Hindenburg Research, the US-based short-seller, said it received a show-cause notice from India's capital market regulator Securities and Exchange Board of India (SEBI) in the Adani Group case. Hindenburg said that the notice outlines suspected violations by the short-seller of Indian regulations.
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 364 points to 79,840. Meanwhile, the Nifty was also up by 95 points to 24,236. 
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.
The Indian economy is poised for a potentially stable high-growth phase and is in a strong position despite significant risks, according to RBI's monetary policy committee member Shashanka Bhide. Speaking on Sunday, Bhide emphasised that the growth of income will support domestic demand, and the additions to production or supply capacity, reflected by high levels of investment spending over the last couple of years, will help sustain domestic economic activity's momentum. 
The Oil Marketing Companies on Monday announced a reduction in the prices of 19-kilogram commercial LPG cylinders across the country. The rates revised by Rs Rs 30 have come into effect with immediate effect. The retail sales price for a 19 kg commercial LPG cylinder now stands at Rs 1,646 in Delhi down from Rs 1676 previously.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 69.63 points to 79,102.36. Meanwhile, the Nifty was also up by 37.85 points to 24,048.45 points.
The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crores at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, has declined to Rs 7581 crores at the close of business on June 28, 2024, the RBI said on Monday (July 1). 97.87 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned. The Rs 2000 banknotes continue to be legal tender, the RBI added.
The Sensex surged by 443 points to close at a new all-time high of 79,476.19, while the Nifty climbed 131.35 points to end above the 24,100 mark at 24,141.95, hitting fresh lifetime highs on Monday. Major contributors to the rally included Tech Mahindra, UltraTech Cement, Bajaj Finance, Hindustan Unilever, Tata Consultancy Services, JSW Steel, Infosys, HDFC Bank, Tata Motors, and ICICI Bank. However, NTPC, State Bank of India, Larsen & Toubro, Sun Pharma, IndusInd Bank, and Axis Bank were among the laggards.
Adani-Hindenburg row: Hindenburg Research, the US-based short-seller, said it received a show-cause notice from India's capital market regulator Securities and Exchange Board of India (SEBI) in the Adani Group case. Hindenburg said that the notice outlines suspected violations by the short-seller of Indian regulations.
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 364 points to 79,840. Meanwhile, the Nifty was also up by 95 points to 24,236. 
Equity benchmark indices started the trade on an optimistic note today (July 3) morning, with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying in bank stocks and firm global market trends.
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.
The Indian economy is poised for a potentially stable high-growth phase and is in a strong position despite significant risks, according to RBI's monetary policy committee member Shashanka Bhide. Speaking on Sunday, Bhide emphasised that the growth of income will support domestic demand, and the additions to production or supply capacity, reflected by high levels of investment spending over the last couple of years, will help sustain domestic economic activity's momentum. 
The Oil Marketing Companies on Monday announced a reduction in the prices of 19-kilogram commercial LPG cylinders across the country. The rates revised by Rs Rs 30 have come into effect with immediate effect. The retail sales price for a 19 kg commercial LPG cylinder now stands at Rs 1,646 in Delhi down from Rs 1676 previously.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 69.63 points to 79,102.36. Meanwhile, the Nifty was also up by 37.85 points to 24,048.45 points.
The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crores at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, has declined to Rs 7581 crores at the close of business on June 28, 2024, the RBI said on Monday (July 1). 97.87 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned. The Rs 2000 banknotes continue to be legal tender, the RBI added.
The Sensex surged by 443 points to close at a new all-time high of 79,476.19, while the Nifty climbed 131.35 points to end above the 24,100 mark at 24,141.95, hitting fresh lifetime highs on Monday. Major contributors to the rally included Tech Mahindra, UltraTech Cement, Bajaj Finance, Hindustan Unilever, Tata Consultancy Services, JSW Steel, Infosys, HDFC Bank, Tata Motors, and ICICI Bank. However, NTPC, State Bank of India, Larsen & Toubro, Sun Pharma, IndusInd Bank, and Axis Bank were among the laggards.
Adani-Hindenburg row: Hindenburg Research, the US-based short-seller, said it received a show-cause notice from India's capital market regulator Securities and Exchange Board of India (SEBI) in the Adani Group case. Hindenburg said that the notice outlines suspected violations by the short-seller of Indian regulations.
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 364 points to 79,840. Meanwhile, the Nifty was also up by 95 points to 24,236. 
Equity benchmark indices started the trade on an optimistic note today (July 3) morning, with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying in bank stocks and firm global market trends.
The BSE Sensex and NSE Nifty indices reached new record highs during intraday trade, driven by positive global cues on Wednesday. The BSE Sensex breached the 80,000-mark for the first time, touching an all-time high of 80,074 before closing at 79,987, up by 545 points. Similarly, the NSE Nifty50 hit a new peak of 24,307 and settled 163 points higher at 24,287.
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.
The Indian economy is poised for a potentially stable high-growth phase and is in a strong position despite significant risks, according to RBI's monetary policy committee member Shashanka Bhide. Speaking on Sunday, Bhide emphasised that the growth of income will support domestic demand, and the additions to production or supply capacity, reflected by high levels of investment spending over the last couple of years, will help sustain domestic economic activity's momentum. 
The Oil Marketing Companies on Monday announced a reduction in the prices of 19-kilogram commercial LPG cylinders across the country. The rates revised by Rs Rs 30 have come into effect with immediate effect. The retail sales price for a 19 kg commercial LPG cylinder now stands at Rs 1,646 in Delhi down from Rs 1676 previously.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 69.63 points to 79,102.36. Meanwhile, the Nifty was also up by 37.85 points to 24,048.45 points.
The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crores at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, has declined to Rs 7581 crores at the close of business on June 28, 2024, the RBI said on Monday (July 1). 97.87 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned. The Rs 2000 banknotes continue to be legal tender, the RBI added.
The Sensex surged by 443 points to close at a new all-time high of 79,476.19, while the Nifty climbed 131.35 points to end above the 24,100 mark at 24,141.95, hitting fresh lifetime highs on Monday. Major contributors to the rally included Tech Mahindra, UltraTech Cement, Bajaj Finance, Hindustan Unilever, Tata Consultancy Services, JSW Steel, Infosys, HDFC Bank, Tata Motors, and ICICI Bank. However, NTPC, State Bank of India, Larsen & Toubro, Sun Pharma, IndusInd Bank, and Axis Bank were among the laggards.
Adani-Hindenburg row: Hindenburg Research, the US-based short-seller, said it received a show-cause notice from India's capital market regulator Securities and Exchange Board of India (SEBI) in the Adani Group case. Hindenburg said that the notice outlines suspected violations by the short-seller of Indian regulations.
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 364 points to 79,840. Meanwhile, the Nifty was also up by 95 points to 24,236. 
Equity benchmark indices started the trade on an optimistic note today (July 3) morning, with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying in bank stocks and firm global market trends.
The BSE Sensex and NSE Nifty indices reached new record highs during intraday trade, driven by positive global cues on Wednesday. The BSE Sensex breached the 80,000-mark for the first time, touching an all-time high of 80,074 before closing at 79,987, up by 545 points. Similarly, the NSE Nifty50 hit a new peak of 24,307 and settled 163 points higher at 24,287.
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.
The Indian economy is poised for a potentially stable high-growth phase and is in a strong position despite significant risks, according to RBI's monetary policy committee member Shashanka Bhide. Speaking on Sunday, Bhide emphasised that the growth of income will support domestic demand, and the additions to production or supply capacity, reflected by high levels of investment spending over the last couple of years, will help sustain domestic economic activity's momentum. 
The Oil Marketing Companies on Monday announced a reduction in the prices of 19-kilogram commercial LPG cylinders across the country. The rates revised by Rs Rs 30 have come into effect with immediate effect. The retail sales price for a 19 kg commercial LPG cylinder now stands at Rs 1,646 in Delhi down from Rs 1676 previously.
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 69.63 points to 79,102.36. Meanwhile, the Nifty was also up by 37.85 points to 24,048.45 points.
The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crores at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, has declined to Rs 7581 crores at the close of business on June 28, 2024, the RBI said on Monday (July 1). 97.87 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned. The Rs 2000 banknotes continue to be legal tender, the RBI added.
The Sensex surged by 443 points to close at a new all-time high of 79,476.19, while the Nifty climbed 131.35 points to end above the 24,100 mark at 24,141.95, hitting fresh lifetime highs on Monday. Major contributors to the rally included Tech Mahindra, UltraTech Cement, Bajaj Finance, Hindustan Unilever, Tata Consultancy Services, JSW Steel, Infosys, HDFC Bank, Tata Motors, and ICICI Bank. However, NTPC, State Bank of India, Larsen & Toubro, Sun Pharma, IndusInd Bank, and Axis Bank were among the laggards.
Adani-Hindenburg row: Hindenburg Research, the US-based short-seller, said it received a show-cause notice from India's capital market regulator Securities and Exchange Board of India (SEBI) in the Adani Group case. Hindenburg said that the notice outlines suspected violations by the short-seller of Indian regulations.
Stock markets update: Equity benchmark indices opened higher in early trade on Tuesday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 364 points to 79,840. Meanwhile, the Nifty was also up by 95 points to 24,236. 
Equity benchmark indices started the trade on an optimistic note today (July 3) morning, with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying in bank stocks and firm global market trends.
The BSE Sensex and NSE Nifty indices reached new record highs during intraday trade, driven by positive global cues on Wednesday. The BSE Sensex breached the 80,000-mark for the first time, touching an all-time high of 80,074 before closing at 79,987, up by 545 points. Similarly, the NSE Nifty50 hit a new peak of 24,307 and settled 163 points higher at 24,287.
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