BUSINESS
India Inc welcomes deferment of GST hike on textiles
According to reports, the council has deferred the proposal on the back of reservations from state governments and industry.
Equities rise in early trade; General Insurance top gainer
At 9.30 a.m., Sensex traded at 58,171 points, up 0.7 per cent from its previous close of 57,794 points. It opened at 57,849 points. Similarly, Nifty traded at 17,321 points, up 0.7 per cent from the previous close of 17,203 points. It opened at 17,244 points.
Govt notifies sale of electoral bonds through SBI
The electoral bonds shall be valid for 15 calendar days from the date of issue and no payment shall be made to any payee political party if the bond is deposited after the expiry of the validity period, according to an official statement.
FY22's fiscal deficit expected to come in at 6.6% of GDP: Ind-Ra
As per the agency, the data relating to the Union government finances show that tax collections so far have immensely benefitted both from growth and inflation.
Equity indices close flat on rising Covid cases, NPAs concerns
Accordingly, both the indices closed on a flat to negative note. The two key indices opened nominally higher but sold off in the first few minutes of trade but again clawed back.
Weak rural demand dents several large-cap stocks in 2021
Market participants believe large-cap stocks are safe as they have low risks associated with them and they usually give steady returns in the long-run.
RBI allows KYC updation till March 2022 amid Omicron uncertainty
The RBI, through a notification, said it is extending the deadline in view of the "prevalent uncertainty due to new variant of Covid-19".
Pramila Jayapal slams Elon Musk for bragging about paying tax
In a tweet, Jayapal said: "Elon Musk made $36 billion in one day, but wants to brag about paying an $11 billion tax bill. Oh yeah, he also added more than $270 billion in wealth just since the pandemic started.
Indian equities marginally up in early trade
At 10 a.m., Sensex traded at 57,882 points, up 0.1 per cent from its previous close of 57,806 points. It opened at 57,755 points. Similarly, Nifty traded at 17,228 points, up 0.1 per cent from the previous close of 17,213 points. It opened at 17,220 points.
Rising Covid cases, soft global cues subdue equities; metal stocks fall
Besides, rising domestic cases of Covid-19 also subdued investor sentiments. Initially, the indices opened lower amid softer global cues but recovered soon afterwards. However, they ceded all their gains and fell sharply during the last half hour of the day's trade. Globally, markets paused their Christmas rally as investors became cautious with rising Omicron cases.
Don't Miss
Advertisement