In a historic rally, Indian markets reached new highs as global cues powered investor optimism. The BSE Sensex skyrocketed by 700 points, while the NSE Nifty hit a major milestone, crossing the 25,500 level for the very first time. The surge follows positive comments from U.S. Federal Reserve Chairman Jerome Powell, whose remarks on economic Read More…
D-Street investors suffered heavy losses as the Sensex plunged over 900 points, with the Nifty falling below the 24,900 mark. The market decline wiped out over Rs 4 lakh crore in investor wealth. Factors such as global market volatility, rising interest rates, and inflation concerns contributed to the sharp drop. Investors are urged to remain Read More…
In a sweeping action against financial misconduct, the Securities and Exchange Board of India (Sebi) has imposed a five-year ban on industrialist Anil Ambani and 24 other entities, including former top officials of Reliance Home Finance Ltd (RHFL). The ban is a result of a major fund diversion scandal involving RHFL, where funds were allegedly Read More…
New Delhi: India’s robust economic growth continued in August, as a stronger services sector offset a slight slowdown in manufacturing expansion. This positive trend suggests that India will maintain its position as the world’s fastest-growing major economy despite global economic uncertainties. According to the HSBC’s flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Read More…