Market extends fall on 6th consecutive session; banks shine
Benchmark indices on Wednesday extend the fall on sixth consecutive session as market failed to build on the mid-session sharp recovery from day's low, and ended marginally lower.
Benchmark indices on Wednesday extend the fall on sixth consecutive session as market failed to build on the mid-session sharp recovery from day's low, and ended marginally lower.
India's Consumer Price Index (CPI) based retail inflation eased to 4.6 per cent in January from 5.22 per cent in December.This marks a decline of 91 basis points in headline inflation compared to the previous month, making it the lowest year-on-year inflation since August 2024.
Steel Authority of India’s profit slumped 62 per cent year-on-year to Rs 126 crore in the December quarter. This was hit by lower prices of steel, even as higher sales volume boosted revenue from operations.
Speaking to a news agency, he commented that India will make its decision based on its commercial interests.
Equity mutual fund inflows marginally fell 3.6 per cent on a monthly basis to Rs 39,687.78 crore in January, data released by the Association of Mutual Funds of India (AMFI) said.
The 30 stock S&P BSE Sensex closed 684.64 points or 1.20 per cent higher at 57,919.97 points against its previous day's close at 57,235.33 points. Earlier, the Sensex started the day sharply higher at 58,162.74 points and surged to a high of 58,435.12 points in the intra-day. The Sensex pared part of the gains due to profit-taking in the last hour of the trade. It touched a low of 57,848.23 points in the intra-day.
The ongoing Diwali festival season is all set to bring cheers for the trading community of the country as it is expected that there will be a fresh infusion of about Rs 2.5 lakh crore in the markets by way of shopping and sale of goods and usage of services, said the Confederation of All India Traders (CAIT).
Infosys is the latest entry to the list of IT firms clamping down on moonlighting employees. However, the IT behemoth is mulling a system that will allow employees to work on external projects too.
Vistara airline on Friday announced the addition of a new route to its international network with four weekly flights between Pune and Singapore, starting December .
Ella, Chairman, and MD of Bharat Biotech, which produces Covaxin, met state Minister for Large and Medium Industries Dr. Murugesh R. Nirani, in Hyderabad on Friday, stated the official press release from the ministry of large and medium industries.
