Thursday, October 9

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Market bullish: Sensex inflation 3.2%, Nifty closed above 22,600
Business, News

Market bullish: Sensex inflation 3.2%, Nifty closed above 22,600

A day after witnessing the worst trading session in four years, benchmark indices Sensex and Nifty recovered almost half of their losses on Wednesday after gaining over 3% each. The 30 share BSE Sensex closed at 74,382.24, up 2,303.19 points or 3.2 per cent. Nifty closed at 22,620.35, upturn 735.85 points or 3.36%. Sensex fell 4,389.73 points or 5.74% and Nifty 50 fell 1,379.4 points or 5.93% on Tuesday due to the unexpected Lok Sabha election result. Bharatiya Janata Party (BJP) got 240 seats, which is much less than the exit poll estimates. However, the BJP-led National Democratic Alliance (NDA) secured 294 seats, ensuring a third term for Prime Minister Narendra Modi. Analysts said the rise in the indices on Wednesday was due to investors absorbing the unexpected Lok Sabha election res...
Sensex up 2.46% in morning trade, Nifty progress 560 points
Business, News

Sensex up 2.46% in morning trade, Nifty progress 560 points

A day after the announcement of Lok Sabha elections, domestic stock market indices Sensex and Nifty, which opened nearly 1 percent higher on Wednesday (May 5), gained in morning trade. At 11:30 am, the Sensex rose 2.46% or 1,772.04 points to 73,851.09. The index opened at 73,027.88, up 1.32% compared to its previous close of 72,079.05. After opening with a gain of 243.85 points or 1.11%, the broader Nifty also jumped 2.56% or 560.5 points to hit an intraday high of 22,445. On Wednesday, the Sensex closed 4,389.73 points or 5.74% lower at 72,079.05, and the Nifty 50 fell 1,379.4 points or 5.93% to close at 21,884.5 as the Bharatiya Janata Party (BJP) failed to win majority in general electiom. The party secured only 240 seats, much less than market expectations. “It will take s...
Gross GST revenue collection in May 2024 stands at ₹1.73 lakh crore; Recorded 10% araise year-on-year
Business, News

Gross GST revenue collection in May 2024 stands at ₹1.73 lakh crore; Recorded 10% araise year-on-year

Mumbai: Gross goods and services tax (GST) revenue for May 2024 stood at ₹1.73 lakh crore. This represents a 10 percent year-on-year increase, driven by strong growth in domestic transactions (up 15.3%) and a slowdown in imports (down 4.3%). After accounting for refunds, the net GST revenue for May 2024 is ₹1.44 lakh crore, showing a growth of 6.9% over the same period last year. The gross GST collection in the financial year 2024-25 till May 2024 stood at ₹3.83 lakh crore. This represents an impressive growth of 11.3% year-on-year, driven by strong growth in domestic transactions (up 14.2%) and modest growth in imports (up 1.4%). After accounting for refunds, the net GST revenue in FY 2024-25 till May 2024 is ₹3.36 lakh crore, showing a growth of 11.6% over the same period last year. ...
Sensex flourish over 3.5% on optimistic exit poll results, Nifty crosses 23,300 points
Business, News

Sensex flourish over 3.5% on optimistic exit poll results, Nifty crosses 23,300 points

Domestic equity indices opened at record highs on Monday after exit polls predicted a hat-trick for Prime Minister Narendra Modi in the results of the recently concluded Lok Sabha elections. Analysts said better than expected gross domestic product (GDP) of 8.2% in FY24 and S&P revising India's rating outlook to positive from stable also buoyed the market. BSE Sensex crossed the 76,500 mark for the first time on Monday. The 30 share index opened 2,621.98 points or 3.55% higher at 76,583.29. Nifty opened at a record high of 23.337.9 with a gain of 807.2 points or 3.58%. An average of 10 exit polls has predicted that the Bharatiya Janata Party (BJP) led National Democratic Alliance (NDA) will improve its position in 2019 by winning more than 350 seats. According to estimates, the ...
Bank credit grew up 15.3% in April: RBI
Business, News

Bank credit grew up 15.3% in April: RBI

The Reserve Bank of India (RBI) said the banking sector recorded higher credit growth in the first month of FY24, led by an increase in advances to the agriculture sector.On a year-on-year basis, non-food bank credit grow by 15. %3 in April compared with 16.2% growth a year earlier. In absolute terms, bank non-food credit stood at Rs 159.55 lakh Crore in April compared to Rs 138.38 lakh Crore in April 2023.RBI's sectoral deployment of bank credit for April 2024 showed that credit to agriculture and allied activities increased to 19.7% in April 2024 from 16.8% a year ago.Growth in the personal loan segment declined to 17.4% from 19.4% growth a year ago, mainly due to lower growth in vehicle loans. This moderation came despite faster growth in credit to housing (17.7% compared to 13.9 perce...
Six shops were gutted in a massive fire in Cooch Behar
Cooch behar, News, Siliguri

Six shops were gutted in a massive fire in Cooch Behar

Cooch Behar, May 31: A massive fire engulfed six shops in Cooch Behar's Doderhat market. According to the information, on Thursday night the businessmen of Doderhat market closed their shops and returned home. Traders came to know about the fire on Friday morning. Subsequently, they reached the spot and witnessed the horrific incident.Later, two fire engines reached the spot and started extinguishing the fire. However, according to traders, they have suffered a loss of more than Rs 30 lakh in the incident.
RBI balance sheet to flourish 11.07% to Rs 70.47 lakh Crore in FY2024
Business, News

RBI balance sheet to flourish 11.07% to Rs 70.47 lakh Crore in FY2024

The balance sheet of the Reserve Bank of India increased by 11.07 percent to Rs 70.47 lakh Crore in the financial year ending March 31, 2024, compared to Rs 63.44 lakh Crore in the financial year 2022-23.The growth on the asset side was led by growth in foreign investment, gold and loans and advances by 13.9 per cent, 18.26% and 30.05% respectively, the RBI said in its annual report for 2023-24.As of March 31, 2024, domestic assets stood at 23.31%, while foreign currency assets, gold (including gold and gold deposited in India) and loans and advances given to financial institutions outside India were 76.69 per cent of total assets, while it stood at 26.08% and 73.92 percent on March 31, 2023, respectively.In terms of liabilities, the expansion was led by an increase in notes issued, depos...
Janhvi Kapoor on romantic scene with Rajkummar Rao in Mr and Mrs Mahi: ‘Bad stomach, broken body’
Bollywood, Entertainment, News

Janhvi Kapoor on romantic scene with Rajkummar Rao in Mr and Mrs Mahi: ‘Bad stomach, broken body’

Janhvi Kapoor participated in an Ask Me Anything (AMA) session on Reddit on Tuesday. The actor talked about his upcoming film, sports drama Mr. and Mrs. Mahie, which also stars Rajkummar Rao. Janhvi said that both she and Rajkummar were exhausted after a long day when they were asked to shoot a romantic scene for the film. He wrote, “We were completely exhausted watching most of the romantic moments between me and Raj in the film. I think our first romantic moment was after a 20-hour shift, and we both felt like we were dead. Our stomachs were upset, our bodies were broken, and then we had to look like we were falling in love, and we were going to have our first kiss, but in reality, we felt like we were dying inside”. Reddit is one of the most famous platforms for Bollywood gossip...