Latest Indian Economy News

As seen from the trend in the GIFT Nifty which indicates a positive start, the benchmark Sensex and Nifty indices are likely to see a gap-up on December 15 with a gain of 79 points. On December 14, the BSE Sensex reached an all time high at 70,500 levels, rising 930 points to 70,514 after [...]

Wholesale Price Index (WPI) inflation increased 0.26 percent in November from the previous year. This was due to the increase in the prices of food articles, minerals, machinery and equipment, computers, electronics and optical products, motor vehicles, and other manufacturing. Although rising above zero in November, when looking at the average WPI inflation for the [...]

Indian key equity indices traded in a narrow range after strong gains in the mid-morning trade. The Nifty hovered  above the 21,150 mark. Realty stocks remained to give gains for the second consecutive trading session. At 11:50 IST, the barometer index, the S&P BSE Sensex, was up 856.98 points or 1.22% to 70,440.43. The Nifty [...]

The benchmark indices surged higher and hit a fresh intraday high in the morning trade. The Nifty traded above the 21,150 mark. IT stocks which were declining in the past two trading sessions made a reversal and rallied. As the US Federal Reserve’s signal multiple rate cuts for the new year and a subsequent global [...]

The domestic equity indices traded in the positive region with major gains in the opening. The Nifty traded near the 21,150 mark. Except pharma stocks, all the sectoral indices on the NSE were traded in green. At 10:00 IST, the barometer index, the S&P BSE Sensex, added 857.48 points or 1.23% to 70,450.45. The Nifty [...]

Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could fall 32 points at the opening bell. When it comes to the global perspective, Asian stocks are trading higher on thursday as investors came to know that the US federal reserve’s decision to end the rate-hiking cycle and also signals [...]

Indian equity indices ended with small gains on Wednesday. Although Pharma, Realty and healthcare stocks gained today, IT, oil & gas and private bank shares declined. Nifty 50, having opened higher at 20929.75, entered into negative terrain to hit the day’s low of 20,769.50 in early afternoon. However, as the day went by the index [...]

The Indian equity benchmark continues to trade in the region of losses, although losses are limited. The Nifty is trading above the level of 20,850 mark after hitting the day’s low of 20769.50 in the early afternoon trade. European markets edged higher while their Asian counterparts traded in a mixed manner today. Pharma shares advanced [...]

As per data uploaded by Member Lending Institutions (MLIs) on the Mudra portal, over 28.89 crore loans involving a total sanctioned amount worth Rs. 17.77 lakh crore have been extended under Pradhan Mantri Mudra Yojana (PMMY) in the last five financial years, i.e., 01.04.2018 to 31.03.2023. This was a written answer given by the Union [...]

The frontline indices dropped  further in early afternoon trade and moreover hit a fresh intraday low. The NIFTY dropped to the 20,800 level after hitting the day’s high of 20,396 in early trade. Oil and gas shares are still in losses for the fourth straight session. At 12:30 IST, the barometer index, the S&P BSE [...]

The key equity barometers continued to trade in the red zone with moderate losses in mid-morning trade. The Nifty lingered below the 20,850 level. Consumer durables shares declined for the second day in the row. At 11:30 IST, the barometer index, the S&P BSE Sensex, was down 319.20 points or 0.46% to 69,231.83. The Nifty [...]

The export of onion has been put under prohibition till 31st March 2024 to ensure the availability of onion to domestic consumers at affordable prices. The Government took the decision taking into consideration the delay in Kharif's arrival, the quantity of onion exported, and the global situation such as trade and non-trade restrictions imposed by [...]

A report titled “State Finances: A Study of Budgets of 2023-24”, released by the Reserve Bank of India (RBI) is an annual publication that provides information, analysis, and an assessment of the finances of State governments for 2023-24.  The report mentioned that the improvements by the state in their finances in the financial year 2021-2022, [...]

Equity benchmark indices fell in early trade on Friday. Because of the weak trends in global markets and soaring crude oil prices. Foreign fund outflows also weighed on investor sentiments. Falling for the third day running, the 30-share BSE Sensex dropped 320.63 points to 65,308.61. The Nifty fell 106 points to 19,518.70. Among the Sensex [...]

The dispatch of coal is likely to exceed one billion tones in the current financial year. The coal ministry said on Thursday. During the current fiscal year, the coal ministry's target is to produce and deliver 1,012 million tonnes (MT) of coal to consumers. "During the second half of the year, the rate of production [...]

An official statement said on Wednesday that four infrastructure projects of roads and railways worth Rs 19,520.77 crore have been recommended for approval under the PM Gati Shakti initiative. This takes the total number of projects assessed by Network Planning Group (NPG) to 115 with a total value of about Rs 11.70 lakh crore, since [...]

On Thursday Equity benchmark indices dropped in early trade, falling for the second day running, following weak trends in global markets and fresh foreign fund outflows. Disappointing earnings from IT services company Wipro also dragged the benchmarks lower. The Sensex dropped 490.44 points to 65,386.58. The Nifty dropped 137.5 points to 19,533.60. Among the Sensex [...]

Due to a sharp jump in global crude oil prices and sluggish global market trends, on Wednesday equity benchmark indices Sensex and Nifty fell nearly 1 per cent. Traders said that Selling pressure in banking, financial services and energy stocks also pulled the benchmarks lower. After a day’s breather, the 30-share BSE Sensex fell 551.07 [...]

According to a report, the cement sales volume is expected to have a healthy 9 to 10 per cent growth in the current fiscal, led by demand from infrastructure and urban housing sectors. In the first half of this fiscal, the industry had a volume growth of around 12 per cent in the April-September period, [...]