Business

June 10, 2024 8:20 PM

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Nifty, Sensex snap 3-day winning run amid weak global cues

Indian stock market - the Sensex and the Nifty, snapped their three-day winning run. After opening higher, both the Sensex and the Nifty 50 hit their fresh record highs in intraday trade but eventually ended lower on profit booking, tracking weak global cues.   The 30-share BSE Sensex opened at...

June 10, 2024 11:05 AM

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Indian equity indices hit their all-time high levels in today’s early trade

Indian equity indices hit their all-time high levels in today's early trade, with the Sensex surpassing the 77,000-mark for the first time ever. The benchmark indices have gained for the fourth consecutive session, driven by optimism in the markets attributed to several factors. These include the Re...

June 8, 2024 5:16 PM

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Market gains 3% amid high volatility

Indian market wiped-out previous week's losses and gained more than 3 percent amid extreme volatility led by BJP-led NDA did not receiving a clear mandate as expected in exit polls.   However, the market rebounded strongly, and went to all-time high after RBI raised the growth forecast for FY25.   T...

June 7, 2024 4:50 PM

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RBI proposes to bring auto-replenishment facility for UPI Lite wallet

The Reserve Bank has proposed to bring an auto-replenishment facility for UPI Lite wallet. As per an official statement, RBI plans to bring UPI Lite within the e-mandate framework. Accordingly, if the balance in the UPI wallet goes below a threshold amount set by the customer, the fund will move fro...

June 7, 2024 2:20 PM

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BSE Sensex Up By 1349 Points To Trade At 72,437 

Indian benchmark indices climbed after opening lower today, following the RBI's decision to hold the benchmark interest rates unchanged. This marks the eighth consecutive time the RBI has maintained a steady repo rate, which has remained at 6.5 percent throughout Financial Year 2024.   Sensex was tr...

June 7, 2024 2:11 PM

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RBI keeps Repo Rate unchanged at 6.5%

The Reserve Bank of India today decided to keep the policy repo rate unchanged at 6.50 percent for the eighth time in a row. Consequently, the standing deposit facility (SDF) rate remains at 6.25 percent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 percent. The decisions w...