Amid the ring food inflation which has become a pain point, the All-India Consumer Price Index-Industrial Workers (CPI-IW) for May increased by 0.5 point to reach to 139.9, official data showed on Wednesday.
Concurrently, the Eight Core Industries Index expanded by 6.5 per cent year-on-year in the first two months of FY25, buoyed primarily by increased activity in essential sectors such as coal, natural gas, and electricity.
The capital market activity in June was marked by lower G-Sec supply and increased Foreign Portfolio Investor (FPI) inflows, supported by index inclusions, which helped prevent crowding-out effects. Bank credit continued its strong growth momentum, exceeding 15 per cent year-on-year as of mi
The NSE Nifty 50 index gained 40 points to 24,360 points, while BSE Sensex also surged marginally with a gain of 180 points to 80,110 at the time of filing this report. Tuesday marks the second consecutive day when markets opened on a flat note.
Overseas investments into India's sovereign bonds (or G-Secs) were firm last week with an inflow of USD 403 million, soon after the government bonds were officially added to the JPMorgan Chase & Co's benchmark emerging-market index -- Government Bond Index-Emerging Markets (GBI-EM).
Poultry dealers have reported an increase of PKR 37 per kilogram in chicken prices. The new rate now stands at PKR 421 per kilogram, with dealers attributing the hike to increased taxes.
Women's rights activists have issued impassioned pleas for both state and societal commitment to address gender disparities effectively. They emphasise the need to redefine the roles prescribed to women by Pakistani society and the government.
AAP National Spokesperson Priyanka Kakkar further alleged that due to the "poor policies" of the BJP regarding environment, the country has fallen to 180th rank out of 180 countries on the Environment Performance Index.
According to the latest Pakistan Bureau of Statistics (PBS) weekly report, the annual inflation rate has surged to 23.59 per cent. The report highlights increases in prices for 29 essential items over the past week, while five items maintained stable prices and 17 experienced price reduction
According to a press release by the Ministry of Coal, the ICI, which monitors the production performance of eight core industries--cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel--reported a combined index increase of 6.3 per cent for May 2024.
The Nifty 50 index opened at an unprecedented 24,369 points, while the BSE Sensex began the session at an all-time high of 80,321.79 points. This bullish trend continues from the June 10 rally, after which the Sensex has surged by more than 3,000 points till date.
This optimism contrasts sharply with findings from an official government survey released on Sunday, which highlighted a contraction among larger, state-owned manufacturers. This disparity underscores the ongoing unevenness in the recovery of the world's second-largest economy.