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Election 2024

Sensex dive on early BJP lead in vote count

As of 9:30 am, the NSE Nifty 50 index had dropped 3.03 percent to 22,557, and the S&P BSE Sensex had fallen 3 percent to 74,107.

News Arena Network - Mumbai - UPDATED: June 3, 2024, 09:37 PM - 1 min read

Sensex dive on early BJP lead in vote count

Indian stock markets plummeted today following a sharp rally in the previous session.

Early vote-counting trends showed Prime Minister Narendra Modi's Bharatiya Janata Party-led alliance leading in over 272 seats, though the extent of their victory remains unclear.

As of 9:30 am, the NSE Nifty 50 index had dropped 3.03 percent to 22,557, and the S&P BSE Sensex had fallen 3 percent to 74,107.

The benchmarks had surged over 3 percent on Monday, reaching record highs and experiencing their best session in nearly 40 months after exit polls suggested that the BJP-led alliance could secure a two-thirds majority in the lower house.

Early trends now indicate the NDA is leading with 288 seats, while the INDIA bloc is ahead in 213 seats.

The biggest laggards on the 30-company Sensex were State Bank of India, Reliance, Larsen & Toubro, Power Grid, NTPC, and HDFC Bank. Sun Pharma and Nestle were the only gainers.

Foreign Institutional Investors (FIIs) bought equities worth Rs 6,850.76 crore on Monday, according to exchange data.

India's manufacturing hiring hit 19-year high in June

July 1, 2024, 01:52 AM - 2 mins read

Both benchmark indices, Nifty and Sensex, were trading firmly in the green, buoyed by a strong performance in the IT sector on July 1. Four out of five gainers on the NSE Nifty were IT stocks, with Wipro witnessing the sharpest rise.

Nifty, Sensex rise with IT stocks

July 1, 2024, 12:37 AM - 2 mins read

India’s manufacturing sector saw a notable uptick in June, with the Manufacturing Purchasing Managers' Index (PMI) climbing to 58.3 from a three-month low of 57.5 in May.

India's June manufacturing PMI rises to 58.3

July 1, 2024, 12:19 AM - 2 mins read

At present, the US, China and Japan are the top three markets for Sony globally, followed by India.

India set to be Sony's 3rd largest market: Nayyar

June 30, 2024, 02:31 AM - 4 mins read

Bihar is set to host a mega investor summit this December, aiming to attract significant investments in key sectors such as textiles, food processing, and electric vehicles (EVs).

Bihar to host investor roadshows from Monday

June 30, 2024, 01:01 AM - 1 min read

People to pay ₹47500 cr more post tele tariff hike

June 29, 2024, 02:31 AM - 2 mins read

RSA takes EU to WTO over ‘arbitrary’ citrus rules

June 29, 2024, 02:23 AM - 3 mins read

Meghalaya Chief Minister Conrad K. Sangma visits a Safal outlet in New Delhi, promoting the state's agricultural produce as pineapples reach the national capital on Sunday, June 23.

Meghalaya's pineapple export to Middle East begins

June 29, 2024, 01:24 AM - 3 mins read

Airtel, Vi to raise mobile tariff in July

June 28, 2024, 07:07 PM - 2 mins read

The equity benchmark Sensex fell for the first time in seven days on Friday, ending it's winning streak

Sensex six-day winning run ends, drops by 210 pts

June 28, 2024, 07:32 AM - 2 mins read

Airtel follows Jio with 10-21% mobile tariff hike; Market awaits Vodafone Idea’s response

Airtel raises mobile tariffs 10-21% after Jio

June 28, 2024, 02:05 AM - 3 mins read

Indian MSME sector to generate over 200,000 jobs by 2025, report says

Indian MSME sector to generate 2 lakh jobs by 2025

June 28, 2024, 01:50 AM - 2 mins read

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India's manufacturing surges; hiring hits 19-year high in June

India's manufacturing hiring hit 19-year high in June

July 1, 2024, 01:52 AM - 2 mins read

India’s manufacturing activity picked up momentum in June on the back of rising consumer demand leading to the fastest rate of hiring in 19 years, according to HSBC’s final India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, released on Monday.

Nifty, Sensex rise with IT stocks

July 1, 2024, 12:37 AM - 2 mins read

At about 12 pm, the Sensex was up 0.45 percent at 79,387, while the Nifty was up 107 points at 24,118. Around 2,391 shares advanced, 1,031 shares declined, and 125 shares remained unchanged. India VIX, which measures near-term volatility, inched up by a percent to trade around 14 levels.

India's June manufacturing PMI rises to 58.3

July 1, 2024, 12:19 AM - 2 mins read

“As a consequence of ongoing increases in new order intakes, firms stepped up recruitment. The rate of job creation was sharp and the strongest seen since data collection started in March 2005. Staff expenses reportedly intensified in June, which coupled with rising material and transportation costs caused another overall increase in operating expenses,” the report noted.

India set to be Sony's 3rd largest market: Nayyar

June 30, 2024, 02:31 AM - 4 mins read

At present, the US, China and Japan are the top three markets for Sony globally, followed by India.

Bihar to host investor roadshows from Monday

June 30, 2024, 01:00 AM - 1 min read

In the lead-up to the main event, Bihar will kick off a series of roadshows in various cities, starting with Kolkata on Monday. These roadshows are part of the state's strategy to roll out the red carpet for both domestic and foreign investors.

People to pay ₹47500 cr more post tele tariff hike

June 29, 2024, 02:31 AM - 2 mins read

The tariff revisions, implemented over a span of two days, aim to monetise new 5G services and mark an end to the prolonged price competition among telecom giants since 2016.

RSA takes EU to WTO over ‘arbitrary’ citrus rules

June 29, 2024, 02:23 AM - 3 mins read

South Africa earlier this week requested the establishment of two panels at a meeting of the Dispute Settlement Body (DSB) of the World Trade Organisation (WTO) to address the EU’s regulations on two separate plant health issues -- Citrus Black Spot and False Codling Moth.

Meghalaya's pineapple export to Middle East begins

June 29, 2024, 01:24 AM - 3 mins read

This inaugural shipment of the season marks the fruition of a strategic Memorandum of Understanding (MoU) between the Meghalaya State Agriculture Marketing Board and Lulu Group International.

Airtel, Vi to raise mobile tariff in July

June 28, 2024, 07:07 PM - 2 mins read

The adjusted mobile service tariffs for Bharti Airtel and Vodafone Idea will lead to a 10-24 per cent increase starting in the first week of July.

Sensex six-day winning run ends, drops by 210 pts

June 28, 2024, 07:32 AM - 2 mins read

The Nifty50 index also recorded its first loss in five days. Despite the day's decline, both indices reached new intraday record highs before closing lower.

Airtel raises mobile tariffs 10-21% after Jio

June 28, 2024, 02:05 AM - 3 mins read

Bharti Airtel announced a 10-21% increase in prepaid and postpaid mobile tariffs, effective July 3, following a similar move by Reliance Jio. The hike, the first in two-and-a-half years, aims to boost Average Revenue Per User (ARPU) and support network investments.

Indian MSME sector to generate 2 lakh jobs by 2025

June 28, 2024, 01:50 AM - 2 mins read

The Indian MSME sector, which currently employs around 1.2 crore people, is expected to generate over two lakh new jobs by 2025 across various sectors such as e-commerce, logistics, and supply-chain management, according to a report released on Thursday.