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Sensex, Nifty hit record high levels on impressive GDP data, foreign fund inflows

Knight Frank has observed that nearly 14 percent of residential portfolio of India's Ultra-High-Net-Worth-Individuals (UHNWIs) is allocated outside the country.

Insiders disclose that the price of 19 kg commercial LPG gas cylinders has been increased by Rs 25.50, affecting consumers in several metro areas

Mumbai: Equity benchmark indices Sensex and Nifty jumped in early trade on Friday helped by impressive GDP data and fresh foreign fund inflows. Also, a rally in global markets added to the positive momentum in the equity markets. The 30-share BSE Sensex jumped 417.77 points to 72,918.07 in early trade. The Nifty climbed 142.85 points […]

Forex traders noted that while a positive sentiment in the equity markets boosted the local currency, the higher level of the dollar index introduced a negative bias.

As part of the effort to reduce dependencies, Paytm and PPBL have mutually decided to end several inter-company agreements with Paytm and its group entities.

From Gurugram, Prateek Kedia and Shreya Bansal present their creation 'WiseLife' on 'Shark Tank India 3'

The second advance estimates of GDP for FY24 released by the National Statistics Office (NSO) has indeed sprung a major surprise in the markets.

The RBI's data on 'Sectoral Deployment of Bank Credit – January 2024' also showed that credit growth to agriculture and allied activities improved to 20.1 per cent in January 2024 from 14.4 per cent a year ago.

This came in the backdrop of strong flow in the small and midcap schemes of mutual funds over the last few quarters.

The stock of the country's most valued firm in terms of market valuation ended at Rs 2,924.75, up 0.54 per cent on the BSE.

The police said that Saini, 68, living in Chembur, was cycling along the Palm Beach Road of Nerul along with a group of cycling enthusiasts, when a cab speeding on the road rammed into him from behind with full force, knocking him and injuring him, before trying to escape.

In early trading, the 30-share BSE Sensex rose by 93.51 points to reach 72,398.39, while the Nifty increased by 12.55 points to 21,963.70. However, both indices experienced volatility later on.

Forex traders noted that the domestic unit was dragged down by a volatile equity market and continued outflow of foreign funds.

The CEO, Andrew Wilson, stated that the decision aims to "streamline our company operations to deliver deeper, more connected experiences for fans everywhere."

Individuals with a net worth of USD 30 million and above are considered ultra-high-net-worth individuals

In this case, another source in the know said the planes that are being taken by Air India Express were originally for a foreign carrier, which decided not to go ahead with the order amid pandemic woes.

The 30-share BSE Sensex fell by 790.34 points or 1.08 per cent to settle at 72,304.88 with 26 of its constituents ending in the red and four in the green.

The Galaxy Ring was earlier teased at the Galaxy Unpacked Even in January, when the Galaxy S24 series was launched.

"It was rewarding to watch Bill address some of India's brightest engineering minds at IDC, our biggest asset," Rajiv Kumar, Managing Director, Microsoft IDC, and CVP, Experiences + Devices India, said in a statement.

According to TechCrunch, citing sources, the deal is expected to be finalised "within weeks" and involves a share-swap agreement.

In early trading, the 30-share BSE Sensex rose 83.06 points to reach 73,178.28, while the Nifty increased by 27.95 points to 22,226.30. However, both indices later experienced fluctuations, swinging between highs and lows.

Forex analysts note that the rupee was influenced by crude oil prices remaining above USD 83 per barrel. Nevertheless, the rupee found support from positive equity markets, limiting its decline.

According to a TechCrunch report, the company is likely “cutting hundreds of employees from the team and all work on the project has stopped”.