‘Volumes in F and amp;O trading had gone up rapidly and, in a way, the increase in STT on F and amp;O will protect investor interest.’
Posts tagged Rediff
India’s services sector growth eases slightly in July (05-08-2024)
India’s services sector growth recorded another month of robust expansion in July, albeit at a slightly slower pace than in June, largely supported by robust demand conditions and investment in technology, a monthly survey said on Monday. The seasonally adjusted HSBC India Services Business Activity Index was at 60.3 in July, down only fractionally from 60.5 in June. In the Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
New launches, big discounts drive PV sales up 10% (05-08-2024)
Passenger vehicle retail sales in India witnessed a 10 per cent on-year jump in July driven by new model launches and enhanced discounts, industry body FADA said on Monday. Total passenger vehicle retail sales rose to 3,20,129 units in July, as compared to 2,90,564 units in July 2023. “Dealers reported benefits from good product availability, attractive schemes, and a wider range of products,” the Federation of Automobile Dealers Associations (FADA) vice president C S Vigneshwar said in a statement.
Investors lose Rs 9.51 lakh cr as markets crash (05-08-2024)
Investors’ wealth eroded by Rs 9.51 lakh crore on Monday morning, following a crash in equity markets where the benchmark Sensex tanked over 2,400 points, mirroring a sharp plunge in global peers. The 30-share BSE benchmark tanked 2,401.49 points to 78,580.46 in early trade. Following the sharp decline in equities, the market capitalisation of BSE-listed firms dropped by Rs 9,51,771.37 crore to Rs 4,47,65,174.76 crore ($5.35 trillion) during the morning trade.
What Centre Will Shell Out For AP, Bihar (05-08-2024)
While Andhra Pradesh is expected to receive Rs 15,000 crore to Rs 20,000 crore, Bihar is likely to get Rs 5,000 crore to Rs 10,000 crore in FY25.
Markets sink nearly 3%: Sensex tanks 2,223 points (05-08-2024)
From the Sensex pack, Tata Motors slumped over 7 per cent. Adani Ports, Tata Steel, SBI, Power Grid, JSW Steel and Maruti were the other big laggards. However, Hindustan Unilever and Nestle ended in positive territory.
Why Are Bengaluru IT Workers Protesting? (05-08-2024)
‘The overwhelming evidence from various studies and reports indicates that the current work culture in the IT sector, characterised by excessive hours, has severe consequences for health, productivity, and overall quality of life.’
ITR Filings Hit Record 72.8 Million (05-08-2024)
The platform recorded a peak rate of 917 filings per second on July 17 and 9,367 filings per minute on July 31.
Factors that will guide the markets this week (04-08-2024)
RBI interest rate decision, macroeconomic data and global trends would guide markets’ movement this week, analysts said. Besides, trading activity of foreign investors and the last batch of Q1 earnings announcements would also guide trends in equities. HSBC PMI (Purchasing Managers’ Index) for the services sector is scheduled to be announced on Monday.
SBI stock not priced right by investors: Khara (03-08-2024)
Outgoing SBI chairman Dinesh Kumar Khara on Saturday said the country’s largest lender’s net profits in the past four years under him have been higher than the cumulative figures for 64 years before that. However, Khara rued that the bank having a huge network of over 22,000 branches, and ammunition in terms of reserves and product suite, is not getting the “right value”.