Indian stocks were in the green Wednesday morning, after a bloodbath during the previous session -- Sensex fell over 1,000 points -- due to a host of reasons including high valuations, foreign portfolio investors lately pulling out funds from India, and a mild profit booking.
The Indian economy is poised to touch USD 5 trillion next financial year - 2024-25 - and capitalise to double to USD 10 trillion by the end of this decade, said Union Petroleum Minister Hardeep Puri.
Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level, and signs that the central bank is done with their monetary policy tightening have painted a bright picture for the Indian stock market.
The shares of MediAssist Healthcare Services listed on the exchanges on Tuesday, with an 11 per cent premium. It made its stock market debut at Rs 465 on the BSE against its initial public offering (IPO) issue price of about Rs 418.
Benchmark indices--Sensex and Nifty--were 0.7-0.8 per cent higher from the Saturday closing. Among the widely-tracked Nifty 50 stocks, 39 advanced and the rest 11 declined at the opening bell.
The combined value of shares listed on Indian exchanges reached USD 4.33 trillion as of Monday's close, versus USD 4.29 trillion for Hong Kong, according to data compiled by Bloomberg.
Himachal Pradesh Chief Electoral Officer Manish Garg on Monday reviewed the preparations for the National Voters Day programme to be held on January 25 at Gaiety Theatre and gave the officials the necessary directions.
New Delhi [India], January 22: PayMate, the trailblazing B2B payments solutions provider, is captivating the attention of industry experts in investment services, wealth management, and unlisted shares as it expands its global presence with recent incorporations in Oman, South Africa, Malays
Indian stock exchanges are closed Monday on the occasion of pran pratistha of Ram Temple in Ayodhya, with normal trading activities to resume on Tuesday.
Delhi Eastern Range's Additional CP Sagar Singh Kalsi on late Saturday took stock of security arrangements in several areas of Shahdara District ahead of Republic Day on January 26.
Madhabi Puri Buch chairperson of the Securities and Exchange Board of India (SEBI) said that the board is now getting evidence and data about the Mule accounts, adding "We will work accordingly."
The BSE trading session is ongoing on Saturday after a long time. Moreover, trading on the National Stock Exchange will remain closed on January 22 as the Maharashtra government has announced a holiday owing to the Pran Pratishtha ceremony.