Sensex surges 460 points after RBI retains accommodative stance
The Hindu
Tata Steel was the top gainer in the Sensex pack, while Maruti, Nestle India, Ultratech Cement and Reliance Industries were the only laggards
Equity benchmark Sensex climbed 460 points while the Nifty reclaimed the 17,600-mark on Thursday after the RBI left interest rates unchanged but retained its accommodative policy stance to boost growth.
A positive trend in global stocks also supported the domestic markets, traders said.
Extending its gains for the third straight session, the 30-share BSE Sensex settled 460.06 points or 0.79% higher at 58,926.03. Likewise, the NSE Nifty jumped 142.05 points or 0.81% to end at 17,605.85.
Vodafone sells stake in Indus Towers for ₹2,800 crore, uses proceeds to clear lenders dues and increase Vi shareholding.
SpiceJet to unground 10 more aircraft by mid April after raising funds, growing active fleet size to 28.
UN report projects Indian economy to grow by 6.6% in 2025, driven by private consumption and investment, with strong export growth.
Supreme Court halts ₹1 lakh crore GST notices to online gaming companies and casinos for alleged tax evasion.
Punjab Government rejects Centre's draft policy on agricultural marketing, citing concerns over private markets and MSP procurement.
CEAMA urges tariff reductions, PLI scheme expansion, and tax rationalization to boost Indian electronics industry competitiveness.
Sensex and Nifty rebounded but fell due to foreign fund outflows, with TCS leading gainers and FIIs selling off equities.
Adani Group to raise ₹7,148 crore by selling stake in Adani Wilmar, focusing on infrastructure business growth.
India's GDP growth rate decline, official estimates questioned, and economic slowdown analysis by experts and academics.
GrayQuest raises ₹80 crore in Series B funding to enhance technology platform and scale distribution in education ecosystem.
L&T chairman sparks outrage advocating 90-hour work week, reigniting work-life balance debate in India.