Indian benchmark indices ended higher in a volatile session on Tuesday after trading in the red for most of the day, with the Nifty closing comfortably above the 23,480 mark on a late pullback led by heavyweight IT stocks. At close, the Sensex was up 382 points at 74,650, and the Nifty was up 101…
Equity markets witnessed broad-based selling pressure on Friday following the IMD’s monsoon forecasts of 90% of the long-period average (LPA), raising concerns among investors. The prospect of deficient rainfall, coupled with the increasing likelihood of an El Niño weather pattern, has heightened fears of elevated food inflation in the coming months. However, the downside risk…
December 27, 2024December 27, 2024 The Indian government has partially attributed the economic slowdown to the central bank’s tight monetary policy, expressing optimism about improved growth in the fiscal year’s second half as demand rises and restrictions ease. The Finance Ministry’s Department of Economic Affairs (DEA) partly attributed the…