The Indian rupee plunged to an all-time low of ₹83.72 against the US dollar in early trading on Thursday, pressured by a stronger dollar in global markets and significant foreign fund outflows. This decline was exacerbated by a downturn in Indian equities following the government’s recent decision to increase the capital gains tax rate. In…
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Mumbai, Jul 24 2024 : The benchmark BSE Sensex continued its downward trend for the fourth consecutive session on Wednesday, primarily driven by selling in financial and banking stocks. The market sentiment was further dampened by the government’s decision to increase securities transaction tax (STT) and short-term capital gains tax. The 30-share BSE Sensex ended…
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Mumbai, July 24 2024 : Reliance Industries Ltd. has been granted permission by the United States to recommence crude oil imports from Venezuela, despite ongoing sanctions imposed by the White House, sources familiar with the matter disclosed. India’s largest privately owned refiner intends to initiate purchases of Venezuelan crude in the near future, the insiders…
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Markets closed flat after a significant drop triggered by Finance Minister Nirmala Sitharaman’s proposal to increase capital gains tax and securities transaction tax in the Union Budget 2024. The benchmark Sensex plummeted by over 900 points, falling below 79,515.64, while the Nifty also dropped below 24,300. The markets later recovered, with the Sensex closing at…
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Mumbai July 23 2024 : In today’s stock market developments, the Sensex and Nifty have reversed early gains to enter negative territory, reflecting cautious sentiment among investors ahead of the Union Budget presentation by Finance Minister Nirmala Sitharaman. As of 9:40 am, the NSE Nifty 50 and S&P BSE Sensex initially opened higher by 0.3%,…
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21st July 2024 :- The recent CrowdStrike software update fiasco has caused significant global disruptions across various sectors, including business, travel, and healthcare. Cybersecurity concerns have intensified as malicious actors exploit the situation through phishing schemes, posing as CrowdStrike employees or tech specialists. CrowdStrike CEO George Kurtz and global cybersecurity agencies have urged businesses and…
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The Indian equity benchmark indices, Nifty50 and Sensex, were trading lower. The Sensex had dropped by 315 points to the 79,610 mark, while the Nifty50 had slipped by 86 points to 24,238, according to the latest reports.
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Stock Market initially saw the NSE Nifty 50 and BSE Sensex rising approximately 0.1% each, hitting record-high levels for the second consecutive session at the open. The Sensex was trading 659 points lower at 79,691, while the Nifty50 was down by 183 points, trading at 24,244. This reversal was attributed to declines in stocks such…
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New Delhi , 10 July 2024 :- The surge in tomato prices in Delhi can be attributed to multiple factors exacerbated by the recent monsoon rains. The heavy rains have disrupted the supply chain, affecting transportation and damaging crops. As a result, the number of trucks transporting tomatoes from major producing states like Maharashtra, Karnataka,…
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The benchmark equity indices in India opened positively today, with the BSE Sensex surpassing the 80,000 mark again. The Sensex was trading 170 points higher, or 0.21 percent, at 80,130 points. Meanwhile, the NSE Nifty rose by 39 points, or 0.16 percent, to trade at 24,359. The auto index was the best performer, showing a…
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