India's foreign exchange reserves have surged to a record high, reaching a new peak of USD 666.85 billion, according to data from the Reserve Bank of India (RBI).
From here, the market is likely to see stock-specific moves this week on the back of the ongoing earning season. The market participants also digested the elevated inflation data for June, besides eyeing the much-awaited Budget to be presented on July 23.
Musk said that X experienced a total of "417 billion user-seconds globally" in one day. In a post on X, Musk said, "X usage hit another all-time high yesterday with 417 billion user-seconds globally! In the US, user-seconds reached 93B, 23% higher than the previous record of 76B. In a sin
Indian stock indices moved higher as the Friday session progressed and in the process touched a fresh high, triggered by the latest moderation in US inflation, better-than-expected TCS results, and lack of negative market fundamentals.
Indian stock markets opened the day's trading with minor gains on Wednesday. The Sensex opened at 80,481.36, up 29.72 points or 0.16 per cent, while the Nifty opened at 24,459.85, up 26.65 points or 0.11 per cent.
The central bank data reveals a significant 15 per cent increase in the federal government's total debt over the past year, marking an addition of PKR 8,852 billion. In May 2023, the total debt stood at PKR 58,964 billion, escalating to PKR 66,086 billion by April 2024.
The BSE Sensex closed 53.07 points down at 79,996.60, falling just short of the 80,000 mark, while the NSE Nifty inched up 21.70 points to close at 24,323.85.
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.