Nifty nears 21,000, Sensex 70,000 as rally enters Day 7
Business Standard|December 07, 2023
Domestic equity benchmarks achieved fresh highs on Wednesday after weak jobs data in the US renewed hopes for rate cuts by the US Federal Reserve (Fed).
SUNDAR SETHURAMAN
Nifty nears 21,000, Sensex 70,000 as rally enters Day 7

Continuing its upward trend for the seventh consecutive day, the S&P BSE Sensex concluded the session at 69,654, gaining 358 points, or 0.5 per cent. The National Stock Exchange Nifty ended the session at 20,938, earning 83 points, or 0.4 per cent.

Job openings in the US fell to a more than 2.5-year low in October. On Tuesday, the US Department of Labor's Job Openings and Labor Turnover Survey, revealed that there were 1.34 vacancies for every unemployed person in October, up from 1.47 in the previous month and the lowest since August 2021.

Job openings fell by 617,000 to 8.73 million in October, the lowest level since March 2021, and down from 9.35 million in September.

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Business Standard

Jay Shah takes over as ICC chairman

Indian cricket administrator Jay Shah on Sunday took charge as the chairman of the International Cricket Council (ICC) with an immediate goal of ending the impasse surrounding the Champions Trophy and a broader vision of making cricket a commercially viable Olympic sport.

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1 min  |
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Nine states bet $18 bn on women's empowerment
Business Standard

Nine states bet $18 bn on women's empowerment

Nine Indian states with ongoing or proposed cash transfer schemes for women have collectively allocated $18 billion in their 2024-25 Budget Estimates, amounting to 0.5 per cent of India's gross domestic product (GDP) for the same financial year, according to research by Goldman Sachs.

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1 min  |
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Every couple should have at least three kids, says RSS chief
Business Standard

Every couple should have at least three kids, says RSS chief

Expressing concern over declining population growth, RSS chief Mohan Bhagwat on Sunday said India's Total Fertility Rate (TFR), the average number of children a woman gives birth to in her lifetime, should be at least 3, well above the present one of 2.1.

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1 min  |
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Painkillers, anti-infective drugs fail quality tests most in 2024: CDSCO
Business Standard

Painkillers, anti-infective drugs fail quality tests most in 2024: CDSCO

Painkillers, anti-infectives and medications for type-2 diabetes were among the class of drugs flagged as not of standard quality (NSQ) and spurious the most in 2024, according to data collated from drug alerts issued by the Central Drug Standards Control Organisation (CDSCO).

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2 minutos  |
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Pollution rises while funds gather dust
Business Standard

Pollution rises while funds gather dust

The National Clean Air Programme (NCAP), launched in 2019 to improve air quality in 131 cities, has shown limited progress as rising pollution levels and underutilisation of funds raise concerns about its effectiveness.

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2 minutos  |
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Robust taxes ease burden of freebies on states
Business Standard

Robust taxes ease burden of freebies on states

The evolving dynamics of state-level politics in India highlight the increasing prominence of welfare schemes and subsidies as decisive factors in elections.

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1 min  |
December 02, 2024
Monetary policy: Hobson's choice before RBI
Business Standard

Monetary policy: Hobson's choice before RBI

This policy comes at a time when growth is slowing, inflation is still pretty high, and the rupee has started losing value against the dollar

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5 minutos  |
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CONSOLATION PRIZES
Business Standard

CONSOLATION PRIZES

UN climate summit in Baku leaves the developing world with crumbs

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5 minutos  |
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SFBs: The canter on a chequered terrain
Business Standard

SFBs: The canter on a chequered terrain

Segmental and geographical expansion, undergirded by strong and increasing presence in semi-urban and rural markets with large untapped potential, will help small finance banks (SFBs) clock robust 25-27 per cent growth in advances this financial year, just shy of 28 per cent in the previous year.

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2 minutos  |
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Now boarding
Business Standard

Now boarding

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6 minutos  |
December 02, 2024