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Mkt Snaps 6-Session Gains Over Profit Booking Ahead of Fed Chair Speech
August 23, 2025
|The New Indian Express Shivamogga
DOMESTIC equity market snapped a six-day winning streak and fell sharply on Friday as investors rushed to book profits ahead of US Federal Reserve Chair Jerome Powell's awaited speech at the Jackson Hole symposium, which will provide insights into the global liquidity outlook.
The BSE Sensex plunged 693.86 points or 0.85% to settle at 81,306.85, while the broader Nifty fell to 24,870.10, down 213.65 points or 0.85%. Before Friday's fall, the market registered a strong buying streak for 6 sessions, fueled by optimism over Goods and Services Tax (GST) reforms & S&P Global Ratings upgrade.
هذه القصة من طبعة August 23, 2025 من The New Indian Express Shivamogga.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Shivamogga
The New Indian Express Shivamogga
IPO valuation driven by mkt forces, Sebi has no role: Pandey
AMID growing concerns over inflated valuations in some of the recent initial public offers (IPOs), Sebi chairman Tuhin Kanta Pandey on Thursday said the regulator has no role in IPO valuations.
1 min
November 07, 2025
The New Indian Express Shivamogga
Nadar tops India's 'most generous' list again
SHIV NADAR and family have retained the top spot on the country's 'most generous' list with a donation of ₹2,708 crore.
1 mins
November 07, 2025
The New Indian Express Shivamogga
France's AI envoy in India ahead of Impact summit and Macron's visit
ANNE Bouverot, Special Envoy of France for Artificial Intelligence and Co-chair of the French Council for AI and Digital Affairs, arrived in India Thursday for a two-day visit aimed at strengthening the India-France partnership in AI and digital technology.
1 mins
November 07, 2025
The New Indian Express Shivamogga
THINGS THAT CAN HELP YOU BREATHE EASIER THIS WINTER
VERY winter, Delhi's air quality invariably drops to the 'very severe' category, making it difficult to breathe. Stubble burning, low wind speed, and winter inversion worsen the pollution levels. Simply put, staying outdoors for a long time can be as hazardous as smoking multiple cigarettes a day. Even indoor air can trap up to five times more pollutants if left unfiltered.
2 mins
November 07, 2025
The New Indian Express Shivamogga
AI-led growth in IT industry will be dull for a year or two: Kissflow founder
ARTIFICIAL intelligence (AI)-driven growth in the Indian IT industry will remain muted for the two years as it is still in the experimental phase and companies are in the process of making investments, according to Kissflow founder and CEO Suresh Sambandam.
1 mins
November 07, 2025
The New Indian Express Shivamogga
Smartphone makers line up new products
THE festive season is over, and most consumers have already made their purchases, taking advantage of heavy discounts.
1 mins
November 07, 2025
The New Indian Express Shivamogga
Birla Opus CEO Hargave's exit triggers investors' optimism for Asian Paints
BIRLA OPUS CEO Rakshit Hargave's exit has triggered investor optimism for Asian Paints, as analysts believe this sudden departure could present a short-term challenge to Birla Opus's aggressive growth strategy.
1 min
November 07, 2025
The New Indian Express Shivamogga
OIL’S QUIET FLOW TO THE MARKET
In a continued attempt to reassert its relevance in global energy markets, the US once more expended ammunition at Russian oil majors Rosneft and Lukoil. The sanctioned companies are being dislodged from the US banking system starting November 21.
3 mins
November 07, 2025
The New Indian Express Shivamogga
Ranchi jail officials suspended over video of dancing drunk inmates
TWO jail officials were suspended after a video showing high-profile inmates partying inside Ranchi's Birsa Munda Central Jail went viral, sparking political outrage and demands for a judicial probe.
1 mins
November 07, 2025
The New Indian Express Shivamogga
Attempt to kidnap minor girl triggers communal tension in Himachal town
SUNDERNAGAR town in Himachal Pradesh's Mandi district witnessed tension on Wednesday night as a 38-yearold married man of a minority community allegedly attempted to kidnap a 13-year-old schoolgirl from the other community, leading to heated arguments and a fight.
1 min
November 07, 2025
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