Sensex up by 1,400 points post election results
Analysts suggest that despite the BJP's reduced majority, the policy agenda of the current regime is expected to continue. "Despite the reduced majority, we expect the policy agenda of Modi 2.0 (investment-led growth, capex, infrastructure creation, manufacturing, etc.) to continue, although with some tweaks. We also expect some populist measures to address rural stress and lift sentiments at the margin, given the nature of the verdict," stated a report by Motilal Oswal Research.News Arena Network - Mumbai - UPDATED: June 5, 2024, 12:03 AM - 2 mins read
Economy
See All![T20 WC final drives 40% increase in quick commerce spending T20 WC final drives 40% increase in quick commerce spending](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F82383086_1719746741_202406303182073jpg_1719824673696.jpg&w=3840&q=8)
July 1, 2024, 02:04 AM - 2 mins read
Fintech startup Simpl reported a 40% surge in consumer spending during India's victory in the ICC T20 World Cup final, reflecting increased quick commerce transactions. Indians showed significant online spending support post-India's victory, with peak activity from 8 pm to 11 pm.
Read more![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. 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.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsensexxjpg_1719819432475.jpg&w=3840&q=8)
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.
Read more![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 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.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fpmi-india-manufacturingjpg_1719818365075.jpg&w=3840&q=8)
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.
Read more![At present, the US, China and Japan are the top three markets for Sony globally, followed by India. At present, the US, China and Japan are the top three markets for Sony globally, followed by India.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fnayyarjpg_1719739873338.jpg&w=3840&q=8)
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.
Read more![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 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).](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fnitish-kumarjpg_1719734413669.jpg&w=3840&q=8)
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.
Read more![Image for representative use only Image for representative use only](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Frechargejpg_1719653513723.jpg&w=3840&q=8)
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.
Read more![Representative Image. Representative Image.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Frsacitrusnaijpg_1719652989620.jpg&w=3840&q=8)
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.
Read more![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 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.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fmeghalaya-pineapple-me-2-1jpg_1719649457025.jpg&w=3840&q=8)
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.
Read more![Airtel, Vi to raise mobile tariff in July Airtel, Vi to raise mobile tariff in July](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fairtel-vi-price-hikejpg_1719626832267.jpg&w=3840&q=8)
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.
Read more![The equity benchmark Sensex fell for the first time in seven days on Friday, ending it's winning streak The equity benchmark Sensex fell for the first time in seven days on Friday, ending it's winning streak](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsensexxjpg_1719585144824.jpg&w=3840&q=8)
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.
Read more![Airtel follows Jio with 10-21% mobile tariff hike; Market awaits Vodafone Idea’s response Airtel follows Jio with 10-21% mobile tariff hike; Market awaits Vodafone Idea’s response](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fairtelreliance1679657023jpg_1719565534989.jpg&w=3840&q=8)
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.
Read more![Indian MSME sector to generate over 200,000 jobs by 2025, report says Indian MSME sector to generate over 200,000 jobs by 2025, report says](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F1520129705759jpg_1719564642875.jpg&w=3840&q=8)
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.
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