Indian equity benchmarks on Thursday declined as the selloff in the investors, who are reeling from the pressure of selling by foreign portfolio investors (FPIs) and weak corporate results.
The benchmark Sensex ended the session at 77,156, a decline of 423 points or 0.5 per cent. The Nifty 50 finished at 23,350, a drop of 169 points or 0.7 per cent. However, the correction in Indian equities on Thursday was more modest than what it was in the aftermath of allegations of market manipulation against the Adani group by Hindenburg Research, a short-seller.
The Nifty 50 and Sensex had declined by 1.6 per cent and 1.5 per cent on January 27, 2023, when Hindenburg's allegations surfaced.
Esta historia es de la edición November 22, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 22, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Are consumers paying exorbitant price for farm products?
Agriculture Minister Shivraj Singh Chouhan recently flagged a gap between prices paid by consumers and those received by farmers. Often, wholesale and consumer food prices are compared to broadly assess this.
What lies ahead in the Year of the Snake?
Will we see a new trend with the sector shedding its skin and transforming itself? Or will the theme of the year remain continuity with change?
An SIF push to deepen the corporate bond market
A nudge to deepen India's corporate bond market is here, with the Securities and Exchange Board of India (Sebi) introducing a new asset class called Specialised Investment Funds (SIFs).
Field agents at a crossroads
The business correspondent channel is sought to be reworked with more offerings being hawked on it, reports RAGHU MOHAN
'Onboarding in retail credit has to be reworked'
Scienaptic AI, a credit-decision solutions platform offers technology to enable lenders to make more accurate and efficient decisions throughout a customer's life cycle — from initial application to management. And it helps them revisit legacy onboarding and credit underwriting processes. In recent times, the Reserve Bank of India has called attention to the runaway growth in retail credit and the risks arising from it. JOYDIP GUPTA, head of Asia Pacific at Scienaptic AI interacted with Raghu Mohan via email on the issues involved. Edited excerpts.
Direct stock investors: Seek refuge in quality stocks
MF investors should limit exposure to volatile categories like smallcap and momentum
Avoid overspending in early years of retirement
High inflation, even if it is predictable, devastates the retirement of people who do not study personal finance in detail. I have previously written that the post-tax returns on our entire corpus over our lifetime will likely be in the ballpark of inflation.
FoFs Get Their Groove Back: Tax Tune-Up Resets Growth Tempo
Domestic FoFs hit a flat note after losing indexation benefits in April 2023
'FY26 profit growth hinges on revenue trajectory'
Economic growth is likely to improve in the second half of 2024-25 (FY25) due to an increase in government expenditure, says Vetri Subramaniam, chief investment officer of UTI Asset Management Company (AMC). In an interview with Abhishek Kumar in Mumbai, Subramaniam says cash transfers to citizens by state governments can also contribute to consumption growth. Edited excerpts:
Tax shift throws a wrench in the gears of '24 buybacks
TAX PENDULUM SWINGS: ₹13,423 cr repurchases in '24, down 72% from '23
