FPI outflows; Domestic Stock Market Face Persistent Selloff Challenge The Indian stock market is grappling with unrelenting foreign portfolio investor (FPI) outflows, as Thursday’s trading session witnessed a massive selloff of Rs 11,756.25 crore. According to data from the National Securities Depository Limited (NSDL), net FPI flows for the calendar year 2024 have turned negative, … Read more
HDFC Bank Record High Stock Hits, Market Cap Exceeds ₹14 Lakh Crore HDFC Bank, one of India’s largest private-sector lenders, is on an extraordinary winning streak, achieving a record high for the fourth consecutive session. On Thursday, November 28, the banking heavyweight hit ₹1,836.10 per share, its highest-ever valuation, propelling its market capitalization beyond the … Read more
Bitcoin Crosses $95K as Crypto Market Sentiment Hits ‘Extreme Greed’ The cryptocurrency market witnessed a robust recovery on Thursday, with Bitcoin (BTC) surpassing the $95,000 mark, reflecting a 24-hour gain of 2.95%. Altcoins, including Ethereum (ETH), Solana (SOL), and Ripple (XRP), followed suit, landing mostly in the green. The overall market sentiment, measured by the … Read more
Paytm Stock Hits 52-Week High as UBS Revises Target Price to ₹1,000 Shares of One97 Communications, the parent company of digital payments giant Paytm, soared to a 52-week high on November 28, driven by renewed investor confidence and a significant target price revision by global brokerage firm UBS. The fintech stock climbed to an intraday … Read more
LIC Clarifies on Reports of Acquiring 50% Stake in ManipalCigna Public sector insurance giant Life Insurance Corporation of India (LIC) has issued a clarification regarding a recent media report suggesting its interest in acquiring a significant stake in ManipalCigna Health Insurance. The Economic Times had earlier reported that LIC was engaged in discussions to acquire … Read more
Sensex Crashes Nifty Below as Markets Slide Amid Geopolitical Tensions Mumbai, November 28, 2024 – Indian stock markets experienced a sharp decline on Thursday, with benchmark indices plunging significantly due to escalating geopolitical tensions and heavy profit booking. The 30-share BSE Sensex fell over 1,300 points, closing at 79,073.69, while the broader NSE Nifty slipped … Read more
ED Chargesheet Files Against IFS Officer and Husband ₹110 Crore Scam Lucknow, November 27, 2024 – The Enforcement Directorate (ED) announced on Wednesday that it has filed a chargesheet against Indian Foreign Service (IFS) officer Neeharika Singh, her husband Ajit Kumar Gupta, and his companies in connection with a ₹110 crore money laundering and investment … Read more
Rising Air Pollution and Shifting Stubble Burning Patterns The seasonal rise in stubble burning, a well-known contributor to air pollution in North India, has seen a major shift this year, with new trends across various states. Traditionally, stubble burning has been concentrated in Punjab and Haryana, where farmers burn crop residue post-harvest to clear fields … Read more
Curb Straw Burning, State Support for Farmers in Punjab, Haryana Farmers in Punjab and Haryana are receiving significant state support to curb the practice of straw burning, which is known to severely deteriorate air quality in the National Capital Region (NCR) and surrounding areas. Every year, the burning of paddy stubble, primarily in Punjab, contributes … Read more
Punjab FC Top Spot in ISL After Defeating Hyderabad FC; Shami Debut Punjab FC continued their spectacular run in the Indian Super League (ISL) by defeating Hyderabad FC in the opening game of Matchweek 3 on Wednesday, securing a 1-0 victory. This result marked Punjab FC’s third consecutive win of the season, pushing them to … Read more