Nifty 50 ekes out gains, surge in IREDA share price, Mamata urges to abolish NEET & more

On 24 June 2024: A series of events are set to take place right from politics to business. Thanks to gains in shares of select heavyweights and largely positive global cues, Indian stock market benchmarks managed to end with modest gains. Shares of IREDA rose over 4 percent. Mamata Banerjee has written to PM Narendra Modi asking him to ‘abolish’ the NEET examination.

Thanks to gains in shares of select heavyweights, including Mahindra and Mahindra, ICICI Bank, HDFC Bank and ITC, and largely positive global cues, Indian stock market benchmarks – Nifty 50 and Sensex – managed to end with modest gains on Monday, India’s current account recorded a surplus in the final quarter of the previous fiscal year, driven by higher services income. Additionally, the overall current account deficit for FY24 decreased due to a reduced merchandise trade deficit, Reserve Bank of India (RBI) said on Monday. Shares of Indian Renewable Energy Development Agency (IREDA) rose over 4 percent on June 24, following the company’s announcement of raising ₹1,500 crore through a bond issuance. The state-run company’s bond issuance included a base issue of ₹500 crore and a green shoe option of ₹1,000 crore. Delhi High Court is set to pass an order tomorrow, June 25, on the Enforcement Directorate’s (ED) plea challenging the bail granted to Delhi Chief Minister and Aam Aadmi Party (AAP) leader Arvind Kejriwal in the money laundering case linked to the now-scrapped Delhi excise scam. The order is scheduled to be pronounced at 2:30 p.m.West Bengal Chief Minister and Trinamool Congress supremo (TMC) Mamata Banerjee has written to Prime Minister Narendra Modi asking him to ‘abolish’ the NEET examination. A row erupted after several students secured perfect scores and a paper leaked on the immensely competitive nation examination.