Category: Business News
Benchmark indexes show that this week is the best of 2024.
The benchmark indices had their strongest week of 2024, surging over 2% on Friday as government formation drew nearer. Sensex opened lower at 75,031.79 and climbed in the afternoon session to touch its all-time high of 76,795.31. Further at close, it was at 76,693.36, up 1,618.85 points, or 2.16%. The Nifty opened flat at 22,821.85…
In May, Paytm’s market share in the UPI decreased for the fourth consecutive month.
Since the Reserve Bank of India (RBI) crackdown, the share of fintech giant Paytm in the unified payments interface (UPI) market in India fell for a fourth straight month. According to the data released by the National Payments Corporation of India (NPCI), Paytm accounted for 8.1% of total UPI transactions in May, down from 13%…
As investors gain trust in political stability, the stock market rises.
The stock market rebounded on Wednesday, giving investors confidence in political stability and continuity. Both indices had plunged by around 6% on Tuesday, posting their worst day in over four years in the previous session as a narrow win for the BJP-led NDA in the Lok Sabha, raising concerns about policy continuity. Sensex opened higher…
The stock market rises by more than 3% before the results of the LS election are announced.
After the Lok Sabha exit polls predicted a landslide victory for the BJP, a day before the counting and announcement of the results, the stock market surged by over 3% on Monday.Both the indices hit their fresh record highs, jumping almost 4%, and ended at their fresh dosing highs with gains of over 3% each.…
We could see fresh highs this week as exit polls suggest the markets have won easily.
It was a volatile week and a complete reversal of the previous week. Markets lost on four of the five trading sessions and kept their prestige by gaining on the fifth day, Friday, which happened to be the first day of a new June series and was the shining star during the week.BSESENSEX lost 1,449.08…
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