Business

July 9, 2024 6:24 PM

Equity MF inflows up 17% at record high of Rs 40,608 cr in June

Inflows into the equity mutual funds hit a new high of 40,608 crore rupees in June, on back of buoyant equity market and huge fund raise through new fund offers. The equity funds inflow was up 17 percent in June 2024 compare to the inflow in the month of May 2024. Mutual funds have acc...

July 9, 2024 1:32 PM

Stock markets open on a high, auto & pharma shares lead

Benchmark equity indices opened on a positive note today, with Sensex crossing the 80,000 mark again led by auto and pharma stocks. BSE Sensex was trading 317 points or 0.4 percent to trade at 80,278 points, while the NSE Nifty rose 74 points or 0.3 percent to trade at 24,397, when the repo...

July 9, 2024 12:44 PM

Union Hardeep Singh Puri says no deadline for LPG eKYC compliance

Union Petroleum and Natural Gas Minister Hardeep Singh Puri today said that Oil Marketing Companies (OMCs) are undertaking eKYC aadhar authentication for LPG customers to remove bogus customers against whose name commercial cylinders are often booked by certain gas distributors. Mr Puri sai...

July 8, 2024 6:11 PM

Market Update: Indian stock market benchmarks close flat

Indian stock market benchmarks closed flat today. The 30-share index, Sensex opened with a loss against its previous close and traded in the red for most part of the session. Eventually, the index closed 36 points, or 0.05 per cent, lower at 79,960. Nifty, on the other hand, started the day with mar...

July 8, 2024 2:00 PM

Sensex down by 85 points; Nifty slips 35 points in afternoon trade

Indian benchmark indices, Sensex and Nifty, are trading marginally lower in today's afternoon trade. BSE Sensex was down by 85 points or 0.11 percent trading at 79,909 points, while Nifty slipped 35 points or 0.15 percent at 24,288 points, when the reports last came in. In the Broader Market, BSE's ...

July 7, 2024 7:07 PM

Foreign Portfolio Investors have shown robust interest in Indian equities

Foreign Portfolio Investors (FPIs) have shown robust interest in Indian equities, with a net inflow of 7,962 crore rupees recorded till July 5, supported by favourable economic indicators and earnings growth momentum. This follows a robust inflow of 26,565 crore rupees in the last month. According t...

July 7, 2024 2:22 PM

Pre-Budget consultations for Union Budget 2024-25 conclude; FM assures consideration of suggestions

The Pre-Budget consultations for Union Budget 2024-25 which started from 19th of last month, concluded on Friday. The Pre-Budget consultation meetings were chaired by Finance Minister Nirmala Sitharaman. In the course of consultations, more than 120 invitees across 10 stakeholder groups including ex...

July 6, 2024 7:04 PM

Indian market surges high in the fifth consecutive week

Indian equity indices extended the winning streak in the fifth consecutive week with benchmark indices crossing major milestones in the first week of July amid positive global cues and extended support from foreign investors. This week, BSE Sensex rose 963.87 points or 1.21 percent to close...

July 6, 2024 5:30 PM

Over 42 lakh new demat accounts opened in June 2024

As the Indian stock market keeps touching new highs amid a record bull run, over 42 lakh new demat accounts were opened in June 2024. According to data from the Central Depository Service and National Securities Depository, the number of demat accounts opened in June totalled over 42.4 lakh, marking...

July 6, 2024 5:26 PM

All three major indices of the US stock market ended in green

In the US stock market, all three major indices ended in Green yesterday. S&P 500, Nasdaq Composite Mark Record Closes and the Dow also finished higher after the release of the June jobs report. The U.S. added 206,000 non-farm jobs last month, according to Bureau of Labor Statistics data release...