Mkts slide after fresh record highs
Business Standard|May 01, 2024
The National Stock Exchange (NSE) benchmark Nifty rose for the second day underpinned by gains in index heavyweights to hit fresh record highs on an intraday basis but came off from the day's highs to end the trading session with losses.
SUNDAR SETHURAMAN

The 50-share blue chip index hit an all-time high of 22,782.30, surpassing its previous record of 22,775.70 seen on April 10. The Sensex hit a high of 75,110, falling 15 points short of a new record.

The Nifty closed at 22,605, with a decline of 38 points or 0.2 per cent, while the Sensex ended at 74,483, down 188 points or 0.25 per cent.

This story is from the May 01, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the May 01, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Farmers plan no relief to new govt on MSP issue
Business Standard

Farmers plan no relief to new govt on MSP issue

Pai village (Kaithal), 21 May P unctuated by the flags of the Bharatiya Janata Party (BJP), Kaithal's cityscape paints its political allegiance to the ruling party.

time-read
3 mins  |
May 22, 2024
Business Standard

Hooda clan fights to reclaim citadel

The contest for the Rohtak Lok Sabha constituency is a re-run of the electoral battle held five years ago.

time-read
1 min  |
May 22, 2024
Business Standard

Govt asks RIL, OMCs to jointly negotiate oil deal with Russia

The government has made a rare request to state-run oil refiners and private processor Reliance Industries to jointly negotiate a long-term supply deal with Russia, according to people familiar with the matter.

time-read
1 min  |
May 22, 2024
Business Standard

Only 2% personal guarantee claims recovered so far

May reditors have recovered 2.16 per cent, or 102.78 crore, of their admitted claims from personal guarantors under the Insolvency and Bankruptcy Code (IBC), the latest data from the Insolvency and Bankruptcy Board of India (IBBI) shows.

time-read
2 mins  |
May 22, 2024
Net FDI declines by 62% to $10.5 billion in FY24
Business Standard

Net FDI declines by 62% to $10.5 billion in FY24

The country's net foreign direct investment (FDI) -inflows minus outflows - dropped by 62.17 per cent to $10.58 billion in the financial year ended March 31, 2024 (FY24) from $27.98 billion in the previous year, reflecting higher repatriation of capital.

time-read
1 min  |
May 22, 2024
A 'mistimed' appointment lands AAP in crisis
Business Standard

A 'mistimed' appointment lands AAP in crisis

What should have been a simple matter of a miscommunication over an appointment sought by a Rajya Sabha member to meet the president of her party has turned into a bitter political war between the Aam Aadmi Party (AAP) leadership, including President Arvind Kejriwal and senior minister Atishi, on one side, and the Rajya Sabha MP from Delhi, Swati Maliwal, on the other.

time-read
3 mins  |
May 22, 2024
PM: Have no waaris other than Indians
Business Standard

PM: Have no waaris other than Indians

Statement comes days after Kejriwal's 'retirement at 75' jibe ARCHIS MOHAN New Delhi, 21 May P rime Minister Narendra Modi, in his campaign speech in Bihar on Tuesday, said that Jawaharlal Nehru would have never agreed to reservations for Scheduled Castes (STs) and Scheduled Tribes (STS) if it weren't for BR Ambedkar.

time-read
1 min  |
May 22, 2024
Sitharaman blames Cong for de-industrialisation of Bihar
Business Standard

Sitharaman blames Cong for de-industrialisation of Bihar

Union Finance Minister Nirmala Sitharaman on Tuesday blamed the freight equalisation policy of the Congress governments from 1952 to 1991-92 for the de-industrialisation of Bihar and eastern India.

time-read
1 min  |
May 22, 2024
As BJP looks to build on housing schemes, a reality check in Delhi
Business Standard

As BJP looks to build on housing schemes, a reality check in Delhi

Every morning, as Shyam Dev Chaudhary trudges home from an exhausting night shift, he is greeted by the silhouette of an under-construction housing complex, rising next to his modest abode.

time-read
3 mins  |
May 22, 2024
JSW Cement to invest ₹3K crin Rajasthan unit
Business Standard

JSW Cement to invest ₹3K crin Rajasthan unit

JSW Cement will invest around ₹3,000 crore to set up a new cement manufacturing factory in Nagaur district of Rajasthan, said the Sajjan Jindal company on Tuesday.

time-read
1 min  |
May 22, 2024