After the indictment by the US Securities and Exchange Commission (SEC), the rating agency Fitch has revised the outlook on four Adani group firms from “stable” to “negative”.
The country's largest IPO, Hyundai Motor India, has disappointed investors to date.
Sufficient food grain buffer stock and optimism for a healthy kharif harvest are likely to alleviate price pressures, a recent report by finance ministry said.
Nifty 50 surged by 0.35%, reaching a fresh record high of 26,032 points in trade before closing with a gain of 0.25% at 26,004 points. The Sensex reached a new all-time high of 85,247 points, rising by 0.34%.
At a BSE event in Mumbai on Wednesday, a stock broker raised a question to the minister on the amount of taxes levied by the government on stock market transactions and on buying a house.
Indian stock indices traded higher on Friday morning, getting support from the US central bank's latest monetary policy stance - which finally paused the interest rate after raising it for over a year.
"Nifty has risen after a day of pause and the advance-decline ratio also remains healthy," said Deepak Jasani, Head of Retail Research, HDFC Securities.
The company would commence a stock repurchase programme beginning in the third quarter of 2021
Industrial production growth slipped to 4.3 per cent in July from 6.5 in August.
'The decision to lift the water cut was taken by the standing committee of the BMC and it was implemented from today.'
