Market Recovers As Rate Cut Prospect Improves; Sensex, Nifty Gain Over 1%
The New Indian Express|May 17, 2024
DOMESTIC equity market made a swift recovery from last week's aggressive sell-off which was triggered by concerns related to the outcome of 2024 General Elections.
Market Recovers As Rate Cut Prospect Improves; Sensex, Nifty Gain Over 1%

The local benchmark indices - BSE Sensex and NSE Nifty-extended this week's gain and ended higher by nearly 1% each on Thursday, all thanks to robust buying across sectors during fag-end of the session.

Experts say the buying was driven by strong global trends as lower-than-expected US consumer inflation figures have again triggered chances of at least two interest rate cuts by the US Federal Reserve in 2024.

Diese Geschichte stammt aus der May 17, 2024-Ausgabe von The New Indian Express.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der May 17, 2024-Ausgabe von The New Indian Express.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE NEW INDIAN EXPRESSAlle anzeigen
The New Indian Express

Time for Kiwis to hit reset button

THE day is finally here.

time-read
2 Minuten  |
June 14, 2024
Conditions, the biggest challenge in Paris: Sailor Vishnu
The New Indian Express

Conditions, the biggest challenge in Paris: Sailor Vishnu

IN January this year, Vishnu Saravanan, with his ILCA (International Laser Class Association) 7 class dinghy, became the first Indian sailor to qualify for the Paris Olympics via the World Championship.

time-read
2 Minuten  |
June 14, 2024
Sports minister Mandaviya visits IOA office
The New Indian Express

Sports minister Mandaviya visits IOA office

IN a rare and interesting move, the newly-appointed sports minister, Mansukh Mandaviya, visited the Olympic Bhawan and met Indian Olympic Association president PT Usha and other officials.

time-read
1 min  |
June 14, 2024
NCLT puts on hold Byju's rights issue, asks it to park funds in escrow account
The New Indian Express

NCLT puts on hold Byju's rights issue, asks it to park funds in escrow account

IN a setback to edtech firm Byju's, the Bengaluru bench of the National Company Law Tribunal (NCLT) has restrained the company from going ahead with the ongoing second rights issue, and has asked it to park the funds collected so far in a separate account till the disposal of the main petition.

time-read
1 min  |
June 14, 2024
The New Indian Express

Ambuja acquires Penna Cement for ₹10,422 cr

Co says indicative time period for completion of deal is three-four months, will be fully funded via internal accruals

time-read
2 Minuten  |
June 14, 2024
CII estimates India's GDP growth for FY25 at 8%, says key sectors to do well
The New Indian Express

CII estimates India's GDP growth for FY25 at 8%, says key sectors to do well

CONFEDERATION of Indian Industry (CII) has estimated India's gross domestic product (GDP) to grow at 8% in the financial year 2024-25, Sanjiv Puri, CII's newly elected president said on Thursday.

time-read
1 min  |
June 14, 2024
The New Indian Express

10 militants killed as war rages, no sign of ceasefire

ISRAELI helicopters struck Gaza's Rafah on Thursday, residents said, with Hamas militants reporting street battles in the southern city after top US diplomat Antony Blinken said a truce was still possible.

time-read
1 min  |
June 14, 2024
Free-for-all in Italian Parliament over plan to grant more autonomy
The New Indian Express

Free-for-all in Italian Parliament over plan to grant more autonomy

A brawl in the Italian parliament over the far-right government's plans to grant regions more autonomy has triggered uproar, with some comparing the punch-up to the days of fascism.

time-read
1 min  |
June 14, 2024
G7 begins with deal on Russian collateral
The New Indian Express

G7 begins with deal on Russian collateral

Pact on US proposal of $50 bn loan to Ukraine by leveraging frozen Russian assets; Pope to address for first time

time-read
2 Minuten  |
June 14, 2024
Gehlot schemes come under Rajasthan BJP govt scrutiny
The New Indian Express

Gehlot schemes come under Rajasthan BJP govt scrutiny

AFTER the poll code of conduct was lifted, the Bhajan Lal government in Rajasthan has ordered a review of the decisions made during the final year of the previous Ashok Gehlot dispensation.

time-read
1 min  |
June 14, 2024