Saturday, November 23
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Monday. While BSE Sensex moved above 81,600, Nifty50 was above 24,950.
Sebi has issued show-cause notices to Paytm founder Vijay Shekhar Sharma and other board members. The notices allege misrepresentation and non-compliance with shareholder classification norms.
Stock market today: While BSE Sensex closed just shy of 81,700, Nifty50 crossed the 25,000 level. BSE Sensex ended the day at 81,698.11, up 612 points or 0.75%. Nifty50 closed the day at 25,010.60, up 188 points or 0.76%.
Ola CEO Bhavish Aggarwal stressed the private sector's role in job creation, stating businesses must step up while the government creates an enabling environment. Highlighting India's need to lead in AI, he discussed Ola's AI startup Krutrim and its goals. He supported incentives for global EV manufacturers and outlined India’s potential as an EV hub.
Stock market today: The NSE Nifty 50 index edged up 0.05% to close at 24,823.15, while the S&P BSE Sensex added 0.04% to reach 81,086.21. Over the past seven sessions, both indices have risen by approximately 3%, driven by increasing expectations of a U.S. rate cut and sustained domestic inflows.
Reliance Retail and UK-based Clarks have ended their joint-venture partnership, reportedly due to differences over terms. Clarks has subsequently begun closing its stores in India, including those in Inorbit and DLF malls. Clarks initially entered India in 2011 with a partnership with Future Group, which later went bankrupt. Clarks' future plans in India remain unclear.
Beginning Saturday, August 24, 2024, banks in various Indian states will be closed for three consecutive days. This includes closures on the fourth Saturday, Sunday, and Monday which is Krishna Janmashtami.
