BUSINESS
Expiry week could lead to some selling pressure
Markets gained on two of the five trading sessions, lost on two and remained flat on the fifth, showing how even-stevens things were. BSESENSEX lost 62.15 points or 0.10 per cent to close at 64,886.51 points while NIFTY lost 44.35 points or 0.23 per cent to close at 19,265.80 points.
Short term trend of Nifty continues to be negative, say analysts
However, a sizable upside bounce from the important lower support of 19K mark can't be ruled out in the near term. Immediate resistance is placed at 19,380 levels, he said.
Treating other countries only as a market will never work: PM Modi
"A profitable market can be sustained where there is a balance in the interest of producers and consumers. This also applied to nations, treating other countries only as a market will never work. It will even harm the producing countries sooner or later," Modi said while addressing the B20 Summit here.
Powell appears more attentive to the possibility of Fed tightening too little
He did not offer clear guidance on upcoming rate decisions, but maintained optionality for additional tightening and emphasised that rates will likely remain elevated until inflation returns to target.
RBI, Centre have reined in inflation; weather plays spoilsport: Experts
India’s central bank, the RBI, acts to control inflation through its monetary policies while the government does that through governance, infrastructure development that brings down the transaction costs and other ways, they added.
Not just tomatoes: Wider range of food items drive 7%-plus inflation
This raises the likelihood of inflation remaining above 7 per cent in August, said a research report by broking firm, Prabhudas Lilladher.
PM Modi to address B20 summit on Sunday
B20 Summit India brings policymakers, business leaders and experts from across the world to deliberate and discuss the B20 India Communique.
Govt mulling to relax retirement age of LIC chairman, PSB chiefs
According to reports, State Bank of India (SBI) Chairman Dinesh Khara may get an extension. He had taken charge as SBI chief in October 2020 for three years. As per norms, the SBI Chairman can hold the post until the age of 63. Khara will turn 63 in August next year.
ED attaches Golden Baba's assets worth Rs 1.53 cr in fraud case
The ED initiated PMLA investigation against Golden Baba, in respect to fraud perpetrated by him of providing loans of Rs 5.50 crore to businessmen in Odisha.
India's real estate sector aims for USD 5.8 Trn valuation by 2047: Report
The report "Vision 2047" was unveiled during NAREDCO's 25th Silver Jubilee Foundation Day celebration in Hyderabad in the presence of prominent figures, policymakers, industry leaders, and real estate experts.
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