Sensex hits historic 80,000-mark; Nifty reaches fresh lifetime high in early trade

Sensex hits historic 80,000-mark; Nifty reaches fresh lifetime high in early trade

Wednesday, 03 July 2024 | PTI | Mumbai

Equity benchmark indices started the trade on an optimistic note on Wednesday, with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying in bank stocks and firm global market trends. The 30-share BSE Sensex jumped 597.77 points to...

TVS Mobility arm acquires Italy-based automotive components supplier

Tuesday, 02 July 2024 | PTI | Mumbai

TVS Mobility group on Monday said its subsidiary SI Air Springs has acquired Italy-based automotive components supplier Roberto Nuti Group, which will help it broaden the product range and strengthen its position in the global market. The pact between the two partners includes the 100 per cent purchase of Roberto Nuti...

GST reduced tax rates on household goods, brought happiness, relief to every home: FinMin

Tuesday, 02 July 2024 | PTI | New Delhi

Goods and Services Tax (GST), which completed 7 years of implementation on Monday, has brought happiness and relief to every home through reduced taxes on household appliances and mobile phones, the finance ministry said on Monday. GST, which subsumed about 17 local tax and cesses, was rolled out on July 1,...

Sensex, Nifty hit fresh record

Tuesday, 02 July 2024 | PTI | Mumbai

Benchmark Sensex rose by 443 points to close at a new record high while Nifty settled above the 24,100 mark on Monday on buying in banking and IT shares in line with gains in Asian and European markets. The 30-share BSE Sensex settled higher by 443.46 points or 0.56 per cent...

Sattva Group targets 85 per cent growth in housing sales: MD Bijay

Sattva Group targets 85 per cent growth in housing sales: MD Bijay

Monday, 01 July 2024 | PTI | New Delhi

Realty firm Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru-based Sattva Group achieved sales bookings of Rs 3,500 crore....

Domestic macroeconomic data, global trends to drive markets this week: Analysts

Monday, 01 July 2024 | PTI | New Delhi

Domestic macroeconomic data announcements, global trends and trading activity of foreign investors would guide market sentiments this week, analysts said. After a record rally, markets may face volatile trends this week amid elevated valuations and investors would also keep a track of global oil benchmark Brent crude and rupee-dollar movement for...

Mcap of nine of top 10 most valued firms jumps `2.89 lakh cr

Monday, 01 July 2024 | PTI | New Delhi

Nine of the top-10 most valued firms together added Rs 2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a rally in equities. Last week, the BSE benchmark jumped 1,822.83 points or 2.36 per cent. The BSE Sensex recorded the best monthly gain...

Urja Ganga gas pipeline completion delayed to March 2025, says GAIL

Monday, 01 July 2024 | PTI | New Delhi

The construction of the Rs 12,940-crore 'Urja Ganga' gas pipeline, India's most ambitious project taking environment-friendly fuel to eastern parts of the country, has been delayed by nine months and will now be completed by March 2025, state-owned GAIL (India) Ltd said. The 3,306-kilometre Jagdishpur-Haldia-Bokaro-Dhamra pipeline was originally targeted for completion...

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