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September 23, 2024 7:17 AM

Foreign investors invest about ₹34,000 cr in Indian equity markets

Foreign investors pumped nearly 34,000 crore rupees into the Indian equities markets so far in September this year. As per the depositories data, foreign portfolio investors, or FPIs, invested 33,691 crore rupees into equity markets but pulled out 245 crore rupees from the debt markets, taking the t...

September 21, 2024 6:50 PM

Oil Prices Dip but Secure Second Weekly Gain

Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply.   Brent futures settled down 0.5 percent at 74 dollars and 49 cents per barrel. U.S. WTI crude futures settled down 0.4 percent to 71 doll...

September 21, 2024 6:42 PM

US Stocks Flat After Fed-Driven Rally

U.S. stocks closed nearly unchanged on Friday, as investors paused buying after a strong rally in the prior session that was fuelled by an upsized interest rate cut by the Federal Reserve, while Nike's gains helped nudge the Dow to a record high.   After notching their biggest daily percentag...

September 21, 2024 6:34 PM

Sensex, Nifty Hit Record Highs as US Fed Rate Cut Boosts Markets

In the volatile week ended on September 20, the broader indices rallied to a fresh all-time high following a more than anticipated interest rate cut by the US Fed. However, for the week, BSE Mid and Small-cap indices ended on a flat note, while the Large-cap index rose 1.5 percent.   In the w...

September 21, 2024 9:29 AM

Digital payment transaction volume grew to nearly 19,000 in FY 2023-24 

The Ministry of Finance has said that the digital payment transaction volume grew to nearly 19 thousand crore in the Financial Year 2023-24 compared to over 2,000 crore in the Financial Year 2017-18. The volume of the Unified Payments Interface (UPI) transactions also increased by more than 13 thous...

September 20, 2024 10:06 PM

Enhanced insurance coverage for MSME exporters will boost exports

The Department of Commerce has focused on empowering exporters, streamlining processes, and promoting economic growth through innovative solutions during the first 100 days of the third term of the NDA government. The Ministry of Commerce and Industry, in a statement, said that during this period, s...

September 20, 2024 7:50 PM

Major Asian markets traded in green, European in red    

                                        Major Asian stocks traded in positive territory today, riding on the strong rally in Japan's equity market as Nikkei advanced more than one and half percent. Hong Kong's Hang Seng Index added more than one percent, South Korea's Kospi rose...

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