BUSINESS
Sensex now down more than 700 points
Metal stocks lead the losses with JSW Steel and Tata Steel down more than 2 per cent.
US oil giant Chevron seals deal to buy Hess for $53 billion
Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share valued at $171 apeice.
Relentless selling across the board pulls Nifty down by 260 pts
The Sensex fell 825.74 points to close at 64,571.88.
India set to continue as world's fastest-growing major economy in FY 2023-24
The finance ministry's September edition of the Monthly Economic Review underscores the significance of the Persian Gulf situation on global markets.
Small cap indices come under selling pressure
Among the Small Cap index components, PNB Gilts is down 12 per cent, Ion Exchange is down 9 per cent, Onward Technologies is down 9 per cent, Kirloskar Brothers is down 8 per cent, HCC is down 8 per cent, Rajratan Global Wire is down 8 per cent, Vascon Engineers is down 8 per cent, Vimta Labs is down 8 per cent.
Global analysts have shown confidence in India's economic strength amid geopolitical challenges: FinMin docu
This was stated by the finance ministry's economic review for September 2023. "Strong private consumption demand has been a major driver of India’s economic growth in the recent period," the review released on Monday said. In addition, it said that at least two additional drivers of growth have emerged, the first is the gradual strengthening of investment demand.
Wagh Bakri Tea Group scion Parag Desai dies after injury in freak mishap
He is reported to have suffered a severe head injury after being attacked by stray dogs while on his morning walk near his residence in Ahmedabad. He underwent a surgery for a brain haemorrhage at a private hospital in the city and was in the ICU. His last rites were conducted at the Thaltej crematorium on Monday morning.
China kicks off probe into iPhone maker Foxconn: State media
According to a report in state-run media the Global Times, Chinese tax authorities have conducted inspections on key enterprises of Foxconn (Hon Hai Technology Group) in Guangdong and Jiangsu provinces, among other places. “The natural resources department has also conducted on-site investigations into the land use of key enterprises of Foxconn in Henan and Hubei provinces," the report said late on Sunday, citing sources.
Tata Steel, Maruti, Tata Motors top losers as Sensex trades down
Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher said the Nifty once again witnessed a gap down opening with a weak intraday session with crucial support of 19,500 zone sustained as of now and is precariously placed with sentiment maintained with a cautious approach.
Israel-Hamas war casts pall of gloom, but markets will bounce back
Things seemed to be going well when the skirmish flared up and it now portends to be a religious war of sorts panning out. It’s the Muslim brotherhood versus Jews and Christians. Most unfortunate.
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