Global headwinds and foreign portfolio investors (FPIs) outflows outweighed the positive sentiment triggered by the Reserve Bank of India (RBI) signalling rate cut in its next meeting. The 30-share BSE Sensex fell 167.71 points or 0.21 per cent to close at 81,467.1. The NSE Nifty dropped 31.20 points or 0.12 per cent to end at 24,981.95. In the intraday trade, it jumped 220.9 points or 0.88 per cent to hit a high of 25,234.05.
The indices fell intra-day after the RBI signalled that it was set to make its first rate cut in four years. RBI's monetary policy committee voted to keep the repo rate unchanged at 6.5 per cent but changed its stance to neutral.
Bu hikaye Business Standard dergisinin October 10, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin October 10, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
PW is able to develop set of products that are disruptive
DEBORAH QUAZZO, managing director of US-based tech investor GSV Ventures, explains to Aryaman Gupta in an interview in New Delhi on the firm's big-ticket investments in Physics Wallah (PW), and why it has shied away from ploughing funds into the beleaguered edtech firm Byju's. Edited excerpts:
Asset monetisation target for this financial year raised to ₹1.9 trn
The NITI Aayog has increased the asset monetisation target for 2024-25 (FY25) by ₹23,000 crore to ₹1.9 trillion, moving closer to the overall ₹6 trillion target set under the National Monetisation Pipeline (NMP) for a four-year period.
Samsung relocation buzz sends alarm bells ringing
Sri City, a special economic zone in Andhra Pradesh, may be seeing an opportunity next door as a strike at Samsung's Sriperumbudur plant in Tamil Nadu - which is just 75-km away - entered the second month.
RBI holds rate again, shifts stance gear to neutral
Das says inflation-growth balance well-poised; rates may start falling from Dec
Hyundai set for ₹27,856 cr IPO, India's biggest
Indian arm to be valued at ₹1.59 trn
Samsung relocation buzz sends alarm bells ringing
Sri City, a special economic zone in Andhra Pradesh, may be seeing an opportunity next door as a strike at Samsung's Sriperumbudur plant in Tamil Nadu-which is just 75-km away - entered the second month.
Brand Maggi stronger than ever as Nestlé India gears up for new leader
Nothing has presented \"two minutes\" as tastefully as Maggi since its entry into India over four decades ago.
India on top of luxury firms' 'watch' list
Country's appetite for premium watches grows as China sees a downturn
BURNING ISSUE
Minimum support price has been a bone of contention between the farmers in Punjab and the state and Centre
Missing funds went to legitimate purpose, says Byju's founder
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