Cristiano Ronaldo
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India will need more reforms to stay on growth path, create jobs, says Gita Gopinath
"The significant improvements made by the government over the years in terms of structural reforms," Gopinath said. She also pointed that despite the current global environment when the world is questioning trade integration, it was important for India to be open to the global trade.
Public Sector Undertakings (PSU) Stocks Lead Sectoral Gains in Market Surge
The PSU index has surged by more than 3% on Monday, with notable gains in individual stocks. SJVN has witnessed a significant uptick of 16%, while NHPC is up by 10%. Insurance stocks are also performing well, with GIC Re recording a 12% increase, New India Assurance up by 9%, and LIC gaining 6%. MMTC and MTNL have seen gains of 9% each.
PSU Stocks Lead as Top Gainers in a Steady Market Environment
Among the notable performers, KIOCL saw an 8% increase, Railtel gained 7%, NFL (National Fertilizers Limited) and HOCL (Hindustan Organic Chemicals Limited) each witnessed a 7% rise. Other notable gainers included Engineers India (up 6%), RCF (Rashtriya Chemicals and Fertilizers) up by 4%, BHEL (Bharat Heavy Electricals Limited) up 4%, NALCL (NALCO) up 4%, and NHPC (National Hydroelectric Power Corporation) up 4%.
PSU stock indices outperform in trade
BSE CPSE index is the best performing index with several PSU stocks rallying. HOCL is up 11 per cent, Mazagaon Dock is up 8 per cent, MSTC is up 8 per cent, GRSE is up 7 per cent, NLC India is up 6 per cent, Bharat Dynamics is up 5 per cent, NMDC is up 4 per cent.
PSU Bank Index Records Over 3% Weekly Loss, Leading Market Downtrend
While sectors like FMCG, oil & gas, and pharma demonstrated gains of over 1%, profit booking activities were evident in PSU banks, private banks, and media indices. The PSU Bank index suffered the most, declining by over 3%.
Report Shows 14% Increase in Hiring Across Government, PSUs, and Defence Sector
The report attributes this boost in hiring to various government policies and initiatives such as 'Make In India' and the Atmanirbhar Bharat Rojgar Yojana (ABRY), which aim to generate employment opportunities and consequently reduce the unemployment rate in the country.
Power Minister Emphasizes Developed Nations Taking the Lead in Emission Reduction
Addressing India's stance ahead of COP28, the United Nations Climate Change Conference 2023, Singh highlighted the historical emissions from developed nations that utilized fossil fuels for economic development.
Nifty in choppy trade as geopolitical tensions weigh
After opening with a negative note, the market slipped into further weakness soon after the opening. It later showed minor upside recovery from the lows, but was not able to sustain the recovery towards the end, he said.
PSU bank stocks fall the most among sectoral indices
While BSE Sensex plunged 483 points to close at 65,512, Nifty declined 141 points to end at 19,512.
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