BUSINESS
Wall Street Hits All-Time High in 2023
Factors such as a resilient job market, robust consumer spending, and a gradual easing of inflation played pivotal roles in bolstering investor confidence.
FPIs Pour Massive Investments of Rs 1.71 Lakh Crore in 2023
After experiencing negative trends in FPI inflows over the preceding three months, December saw a substantial turnaround with FPIs displaying a positive stance, recording total buying of Rs 66,134 crores.
Core Sector Industries Report Strong 7.8% Growth in November
Several sectors contributed to this growth: coal production surged by 10.9%, electricity generation saw a 5.6% rise, and steel production shot up by 9.1% in November compared to the corresponding month last year.
Nifty Sees Slight Downturn on Final Trading Day of the Year
In terms of sectors, there was a mixed performance, with buying observed in the Auto, FMCG, Realty, and Metals sectors.
Musk Reclaims Title of World's Richest Person as Wealth of Top Billionaires Surges by $1.5 Trillion
Meanwhile, Amazon's Jeff Bezos witnessed an addition of over $70 billion to his fortune this year, placing him in a close competition with Arnault for the second position.
Finance Ministry Forecasts Robust GDP Growth Exceeding 6.5% in 2023-24
Indicators from October and November 2023 exhibit robust economic activity, with PMI for Manufacturing and Services sectors showing consistent expansion.
Fiscal Deficit Reaches Rs 9.07 Lakh Crore for April-November Period
The government's receipts totaled Rs 17.46 lakh crore, while expenditures amounted to Rs 26.52 lakh crore during April-November.
India's Cybersecurity Market Hits $6 Billion, Poised for 5% Global Share by 2028
The cybersecurity products segment alone witnessed an extraordinary leap, catapulting more than 3.5 times from $1 billion in 2019 to an impressive $3.7 billion in 2023.
Nifty ends 2023 higher by 20%
It closed the month higher by 7.9 per cent and the year higher by 20 per cent, said Deepak Jasani, Head of Retail Research at HDFC Securities.
Gold expected to move much higher in 2024
The rise in US rates was the factor that prevented any upside for gold or rather limited it for almost one year now despite high global inflation, the report said.
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