India’s benchmark equity indices, the BSE Sensex and Nifty 50, ended slightly lower on Tuesday, recovering from an over 1% drop earlier in the day following the announcement of the Union Budget 2024. The session saw significant volatility as the market reacted to proposed changes in tax policies and sectoral allocations.
The initial market reaction was negative as Finance Minister Nirmala Sitharaman announced higher taxes on capital gains and trading derivatives. The Sensex and Nifty both fell by about 1%, with the Sensex plummeting over 1,200 points during the session. At one point, the indices were trading at 80,024 and 24,225, respectively. The Indian rupee also dropped to a record low of 83.69 against the US dollar, reflecting market apprehensions about the new fiscal policies. However, as the day progressed, several factors contributed to stabilising the market.
Denne historien er fra July 24, 2024-utgaven av The Daily Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 24, 2024-utgaven av The Daily Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
ECI delegation in Jharkhand to review poll preparedness
A delegation of the Election Commission of India led by Chief Election Commissioner Rajiv Kumar arrived in Ranchi on Monday to review poll preparedness for assembly elections in Jharkhand expected to be held later this year.
Tirupati Prasadam row: BJP's TN unit urges Andhra govt to take action to restore trust
The BJP's Tamil Nadu unit on Monday urged the Andhra Pradesh government to take swift action to restore the trust of the devotees of Tirumala Venkateshwara Temple following the laddu prasadam controversy.
West Bengal BJP leaders stage protest, demand justice for RG Kar incident
West Bengal BJP leaders on Monday staged a protest outside the DC north office demanding justice in the RG Kar Medical College and Hospital rape-murder incident.
SC urges Parliament to amend POCSO Act to rename 'child pornography'
The Supreme Court on Monday urged the Parliament to bring a law amending the Prevention of Children from Sexual Offences (POCSO) Act to replace the term \"child pornography\" with \"child sexual exploitative and abusive material.
Apex court lists hearing on RG Kar rape-murder case for Sept. 30
The Supreme Court on Monday listed for September 30 the hearing on a suo motu petition on the rape and murder of a doctor in the state-run RG Kar Medical College and Hospital in Kolkata, West Bengal.
Farooq Abdullah urges support for Congress-NC alliance
National Conference (NC) chief Farooq Abdullah urged people to vote for the Congress-NC alliance in the ongoing Jammu and Kashmir Assembly elections, emphasizing that the contest is not about religion but about action.
Rahul Gandhi Criticizes PM Modi, Calls for Restoration of J&K Statehood
Leader of the Opposition and senior Congress leader Rahul Gandhi launched a scathing attack on Prime Minister Narendra Modi today, accusing him of ignoring critical issues in Jammu and Kashmir while engaging in rhetoric through his \"Man ki Baat\" broadcasts.
Mayawati slams Congress for marginalising Dalit leaders
In the midst of an escalating political controversy surrounding the alleged sidelining of senior Congress Dalit leader Kumari Selja in Haryana, Bahujan Samaj Party (BSP) supremo Mayawati launched a scathing attack on the Congress, accusing it of using Dalit leaders for political expediency.
Union Minister Bittu criticises Rahul, highlights respect for Sikhs as 'Sardar Ji
Following Rajasthan Congress president Govind Singh Dotasara's warning, Minister of State for Railways Ravneet Singh Bittu arrived in Jaipur on Monday.
J&K: OVER 25 LAKH VOTERS TO DECIDE FATE OF 239 CANDIDATES IN 2ND PHASE POLLS
Poonch district, with three constituencies, has 3,52,330 voters facilitated by 483 polling stations, while Reasi has 2,37,205 voters and 436 polling stations.
