BUSINESS
Sensex Closes at Record High, Nifty Surpasses 26,000 for the First Time
This is for the first time ever that the Nifty has closed above the 26,000 mark.
ADB Maintains India's Growth Forecast at 7%, Citing Government Spending and Agriculture as Key Boosters
According to the ADO September update, exports in the current fiscal are going to be higher than earlier projected, led by larger services exports. However, growth in merchandise exports will be relatively muted through the next fiscal.
Moody’s Analytics Projects Indian Economy to Grow at 7.1% in FY25
The inflation in the country remained sub-4 per cent in July and August. The 2025 and 2026 outlook stood at 4.5 per cent and 4.1 per cent respectively. In Asia Pacific, Moody's increased its 2025 forecast to 4 per cent from 3.9 per cent as it was previously projected. Export growth had been all-important for the region, but growth is set on shaky ground.
Sensex Reaches 85,000 for the First Time, Nifty Hits All-Time High
At 9:48 a.m., the Sensex was up 75 points or 0.09 per cent at 85,004 while Nifty rose by 25 points or 0.09 per cent at 25,964. It was the first time BSE's benchmark traded above 85,000.
US and UAE Discuss Advancements on India-Middle East-Europe Economic Corridor
The ambitious undertaking was launched in New Delhi at the 2023 G20 Leaders' Summit by the leadership of India, Saudi Arabia, France, Germany, Italy, and the European Union. When finished, it would link India by ship-to-rail links through the United Arab Emirates, Saudi Arabia, Jordan, Israel, and Europe through Greece.
Sensex Reaches All-Time High, With Bharti Airtel and SBI Leading the Gains
Early trade saw Sensex and Nifty making a new all-time high of 84,862 and 25,911 respectively.
Tech and Biosciences CEOs Meet PM Modi, Express 'Immense Optimism' for Future Collaboration
His government was "committed to making India a global hub of semiconductor manufacturing" and a biotech powerhouse, PM Modi told them, as according to the Ministry of External Affairs press release. It said India's policy is "to promote AI for All, underpinned by its ethical and responsible use." PM Modi's X post called the roundtable "fruitful" and that they discussed technology and innovation while he "highlighted the strides made by India in this field." He met separately with Kris Singh, the CEO of Holtec International, which makes small nuclear reactors.
September Poised to Be Busiest Month for IPOs in 14 Years, According to RBI
This has been revealing in the primary equity market, particularly in the initial public offerings by small and medium enterprises, with massive oversubscriptions going all the way to mutual funds.
FIIs Invest ₹14,064 Crore in Indian Equity Market This Week, Trend Expected to Continue
Total FII investments up to 20 September stood at ₹33,699 crore. According to NSDL, this means total FII investment in India for the fiscal year at ₹76,585 crore. Market analysts believe the trend of FIIs buying will continue in the days ahead.
Inward FDI Sees 23.6% Surge to $27.7 Billion from April to July, Reports RBI
As per the latest bulletin of RBI, the net FDI for this period hiked to $5.5 billion compared to $3.8 billion for the same period of last year. The data of repatriation and divestment by foreign investors in India to the central bank increased to $15.9 billion for the first four months of FY25 as compared to $14.7 billion a year back.
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