Mkts snap 4-week rally as Fed rate outlook hurts
Hindustan Times Amritsar|December 21, 2024
Indian shares plunged on Friday, with the benchmarks logging their first weekly decline in five weeks, as sentiment soured after the Federal Reserve projected fewer rate cuts next year, spurring an exodus of foreign funds.
Reuters

The Nifty 50 dropped 1.5% to 23,587.50 points at market close, while the BSE Sensex shed 1.5% to 78,041.59.

The Nifty fell below its 200-day moving average for the first time in a month. Both the benchmarks fell nearly 5% this week while the more domestically-focused smallcaps and midcaps lost about 3.5%. "India has borne the brunt of foreign outflows this week, largely due to the Fed's commentary," said Aishvarya Dadheech, chief investment officer of Fident Asset Management.

هذه القصة مأخوذة من طبعة December 21, 2024 من Hindustan Times Amritsar.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 21, 2024 من Hindustan Times Amritsar.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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Hindustan Times Amritsar

Non-Bailable Warrants Issued Against 24 in Sambhal Violence

A local court in Sambhal has issued non-bailable warrants (NBWs) against 24 absconding accused linked to large-scale violence during a court-ordered survey of the Shahi Jama Masjid in the Uttar Pradesh town on November 24 last year, a senior police officer said on Friday.

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1 min  |
January 18, 2025
Hindustan Times Amritsar

Ex-Pak PM Gets 14 Years Jail in Land Graft Case

A Pakistani court sentenced former prime minister Imran Khan to 14 years imprisonment on Friday in a land corruption case, a setback to nascent talks between his party and the government aimed at cooling political instability in the south Asian nation.

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1 min  |
January 18, 2025
Hindustan Times Amritsar

Budget opportunity to arrest growth deceleration

India aspires to be a developed country by 2047.

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4 mins  |
January 18, 2025
Hindustan Times Amritsar

More rain, snow likely in HP

The India Meteorological Department's (IMD) Shimla office has predicted light rain at isolated places over the high hills and adjoining mid hill areas of Himachal from January 18 (Saturday) to 20.

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1 min  |
January 18, 2025
Hindustan Times Amritsar

Reinstate Judicial Officer Sacked Over 'Doubtful Integrity': HC

The Punjab and Haryana high court has ordered the reinstatement of a Punjab judicial officer, sacked in April 2022 over 'doubtful integrity'.

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1 min  |
January 18, 2025
Hindustan Times Amritsar

Top court directs UP, Hry to impose ban on firecrackers

Terming the rising air pollution a \"drastic\" problem, the Supreme Court on Friday said the measures that are needed to deal with it should also be \"drastic\" and asked the Uttar Pradesh and Haryana governments to impose a complete ban on firecrackers in their areas falling under the National Capital Region.

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1 min  |
January 18, 2025
Hindustan Times Amritsar

Sarpanch Among Six Booked For Extorting Money From Commuters

A village sarpanch and five other persons in Patiala district have been booked for extorting money from commuters who were passing through their village Maru, an alternative route as the main road between Punjab and Haryana border is blocked by the protesting farmers.

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1 min  |
January 18, 2025
Hindustan Times Amritsar

China Launches Pak's Satellite

Indian national Sai Varshith Kandula, 20, on Thursday was sentenced to eight years for an attempted attack on the White House with a rented truck on May 22, 2023.

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1 min  |
January 18, 2025
Hindustan Times Amritsar

Cabinet Approves ₹11,440 Cr Revival Package for RINL

The Union Cabinet has approved a ₹11,440 crore revival package for Rashtriya Ispat Nigam Ltd to help the struggling steelmaker tide over its financial woes, Union steel minister HD Kumaraswamy said on Friday.

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1 min  |
January 18, 2025
Hindustan Times Amritsar

'Only revdis, no clear vision': Kejriwal on BJP manifesto

Aam Aadmi Party (AAP) chief Arvind Kejriwal on Friday claimed that the Bharatiya Janata Party (BJP) has \"no vision\" for Delhi, accusing the BJP of contesting the upcoming elections based on his party's guarantees.

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2 mins  |
January 18, 2025