Market ends lower amid volatility, Nifty below 23,350
The stock market ended lower during a highly volatile session on Friday, with the Nifty falling below 23,350. This was led by selling across the sectors, barring IT stocks.
The stock market ended lower during a highly volatile session on Friday, with the Nifty falling below 23,350. This was led by selling across the sectors, barring IT stocks.
India's industrial output, which is measured by the Index of Industrial Production (IIP), reached a six-month high of 5.2% in November 2024, data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures, centre said.
The company's consolidated revenue increased 5.6 per cent to Rs 63,973 crore during the quarter.
Women who receive a lung transplant are more likely than men to live for five years post-transplant, according to new research on Thursday.
The Broadband India Forum (BIF) on Friday said the draft Indian Telecommunications Bill 2022 requires a critical and balanced review, as it aims to take away the statutory independence of the Telecom Regulatory Authority of India (TRAI), seeking to make it subservient to the government.
The new Foreign Trade Policy (FTP), scheduled to be announced at the end of this month, is expected to focus on enhancing the ease of doing exports from India, industry body PHD Chamber of Commerce and Industry said on Friday.
Coal India Limited (CIL) is scheduled to sign agreements with three other major public sector undertakings - Bharat Heavy Electricals Limited (BHEL), Indian Oil Corporation Limited (IOCL) and GAIL (India) - next week for setting up four Surface Coal Gasification (SCG) projects.
At close, Sensex was 1,020.80 points, or 1.73 per cent, down at 58,058.92, and Nifty closed 302.45 points, or 1.72 per cent, at 17,327.35. As many as 2,497 shares declined, 983 shares advanced, and 107 remained unchanged.
Nevertheless, the central bank may turn more cautious toward reducing benchmark lending rates and the required reserves of banks in the rest of the year, due to the need to balance between the goals of growth stabilization and foreign exchange market stability, Cheng said.
