The Nifty Bank index closed 0.51 per cent up at 54375.35.
In a bid to boost local supplies in the country, Food Minister on Thursday announced that India is considering raising domestic prices of ethanol and sugar.
The NSE Nifty index closed 211.9 points up at 26216.05
Asus, a Taiwanese IT hardware maker, plans to enter the Indian government contract market for laptops and PCs by 2025. The company aims to meet local value addition criteria and has partnered with Dixon Technologies for local manufacturing. Asus is also exploring sourcing components locally to reduce production costs.
The Nifty IT index closed 0.48 per cent up at 42160.9.
The latest PropIndex Report by Magicbricks reveals that 3BHK units are the most popular choice among homebuyers, making up over 50% of demand in major Indian cities. Residential demand increased by 12.3% from July to September 2024, alongside an 8.3% rise in property prices, particularly in satellite cities like Noida and Gurugram.
The investment objective of the scheme will be to provide returns that, before expenses, correspond to the total returns of the securities as represented by the underlying index, subject to tracking errors.
One of the liveliest and most respected celebrations in India is Durga Puja, which commemorates the triumph of good over evil by honoring Goddess Durga's victory over the demon ruler Mahishasura.
The Nifty Realty index closed 0.1 per cent up at 1131.3.
The Kremlin has announced an updated nuclear doctrine allowing Russia to use nuclear weapons against non-nuclear states if they are supported by nuclear powers. This move, seen as a warning to the West, comes amid rising tensions along Russia's borders. President Vladimir Putin has emphasized that these changes are necessary for Russia's nuclear deterrence strategy.
Union Minister of Railways tested the Kavach 4.0 system between Sawai Madhopur and Sumerganj Mandi in Rajasthan. The system successfully managed seven different scenarios, including automatic speed adjustments and emergency stops. In the first phase, 10,000 locomotives and 9,000 km of tracks will be equipped with Kavach 4.0, aiming for nationwide implementation by December 2030.
The Karnataka Cabinet has withdrawn consent for any CBI probe in the state, citing concerns over the alleged misuse of the central agency. State Law Minister HK Patil emphasized that this decision is unrelated to the MUDA scam involving CM Siddaramaiah, but aims to address perceived biases and inefficiencies in CBI investigations.
Nifty50 and Sensex hit record highs for the sixth consecutive session, driven by strong auto and metal sector performances.
The Uttar Pradesh government plans to set up a radiation treatment plant near Jewar International Airport to aid mango growers in exporting to the US and Europe. This facility will reduce transportation costs and risks, enhancing fruit quality. The plant will operate on a public-private partnership model, streamlining the export process for local farmers.
Live Nation is set to announce a major concert at different locations across the United Stated. Live Nation has called press conference in Utah, Charlotte. Speculation surrounds potential performers, with Billy Joel emerging as a strong candidate. Other possibilities include Beyonce, Bruce Springsteen, and Paul McCartney. The official announcement will be made on Thursday morning.
The company said it expects to report annual revenue growth between 3% and 6%, the midpoint of which was below the analysts' average estimate of 5.9% growth, according to LSEG data.
Saatvik group plans to raise Rs 1,000 crore through private equity funding this fiscal year to support its expansion. The funds will help finance the planned capital expenditure of Rs 2,200 crore. The group aims to nearly double its revenue to Rs 2,000 crore this year as new capacities come onstream.
Passive funds prioritize mirroring the performance of a specific benchmark index, rather than attempting to surpass it.
The NSE Nifty index closed 211.9 points up at 26216.05
Fashion e-tailer AJIO has announced the launch of H&M on its platform, aiming to enhance H&M's online presence and expand AJIO's international brands portfolio. The collection includes over 10,000 styles across various categories, starting at Rs 399. This partnership reflects AJIO's commitment to offering global brands and trends to its customers.
The positive outlook for the metal sector, fueled by China's fiscal stimulus plans, further boosted Vedanta's share prices. The stock nearly reached its 52-week high on the NSE, with brisk trading activity involving over 4 crore shares.
Businessman Robert Vadra responded to Prime Minister Modi's remarks accusing Congress of corruption in Haryana. Vadra criticized Modi's tone and claimed the government had tried to disrupt his work without proving any wrongdoing. He expressed confidence in Congress's chances in the upcoming elections, citing public dissatisfaction with the current government.
Over 400 million people are using Meta AI, out of which 185 million people are using it across Messenger, Facebook, WhatsApp and Instagram each week, the company said at the Meta Connect event at its headquarters in Menlo Park, California.
Reliance Industries Limited and bp have inaugurated the 500th Jio-bp pulse EV-charging station at the Jio World Convention Centre in Mumbai. Jio-bp has expanded its network to 5,000 charging points in India, with 95% being fast-charging stations. The initiative aims to promote sustainable green mobility in India.
