Equity indices erase early gains, banking stocks suffer
Video Credit: ANI - Duration: 01:27s - Published
Equity indices erase early gains, banking stocks suffer
Equity benchmark indices erased early gains and closed marginally lower on Tuesday with Nifty PSU bank slipping by 1.3 per cent.
The BSE S-P Sensex closed 31 points or 0.06 per cent lower at 50,364 while the Nifty 50 skidded by 19 points or 0.13 per cent to 14,910.
Most of the sectoral indices at the National Stock Exchange were in the negative terrain except from Nifty IT which was up by 1.3 per cent, FMCG by 1 per cent and auto stocks by 0.1 per cent.
The banking sector traded with a negative bias as Nifty PSU bank slipped by 1.3 per cent, private bank by 1 per cent and financial service skidded by 0.8 per cent.
Among stocks, Asian Paints surged by 4.7 per cent to Rs 2,466 per share, Dr Reddy was up by 2.6 per cent and Hindustan Unilever, HCL Tech gained by 1.6 per cent each.
ITC edged higher by 1.4 per cent to Rs 208 per share.
Among other gainers were Bharti Airtel, UltraTech Cement, TCS, Britannia and Maruti Suzuki.
However, Cipla skidded by 1.6 per cent to Rs 793 per share and Tata Steel by 1.5 per cent to Rs 725 per share.
Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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As the Lok Sabha elections unfold, politicians are making bold moves and claims. From Tejashwi Yadav's orange video to Meesa Bharti's warning of jail time for PM Modi, the political drama is heating up. Rahul Gandhi vows to end poverty by promising to transfer ₹1 lakh annually to impoverished women. Stay tuned to Oneindia News for the latest election updates and global news.
#SBI #ElectoralBonds #ElectoralBondData #RTI #RTIAct #CJIChandrachud #Indianews #LokSabhaelections #Politics #Oneindia #Oneindianews
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State Bank of India (SBI) declines to disclose details of electoral bonds submitted to the Election Commission, citing the RTI Act. In response to RTI activist Commodore (retired) Lokesh Batra's request for complete disclosure of electoral bonds data in digital format, SBI refuses, following Supreme Court's order.
#SBI #ElectoralBonds #ElectoralBondData #RTI #RTIAct #CJIChandrachud #Indianews #LokSabhaelections #Politics #Oneindia #Oneindianews
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Dramatic exchanges unfolded in the Supreme Court today as a Constitution bench convened to hear petitions alleging that the State Bank of India (SBI) had provided incomplete data following the landmark verdict in the electoral bonds case. Advocates, including Mathews Nedumpara, engaged in heated discussions with Chief Justice of India DY Chandrachud during the proceedings.
#CJIChandrachud #LawyerRebuke #PollBonds #ElectoralBonds #SupremeCourt #LegalDrama #CourtroomExchange #JudicialProceedings #ViralVideo #SBI #Transparency #JudicialDecorum #LegalProtocol #CourtroomEtiquette #ConstitutionBench #ContemptOfCourt #ElectionCommission #PublicAccess #LegalProcedure #RuleOfLaw
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The Supreme Court dismissed the State Bank of India's plea for an extension to disclose electoral bond details, directing disclosure by March 12, 2024. This decision follows the court's ruling against the 2018 electoral bond scheme changes. SBI's confusion over matching exercises was clarified by the Chief Justice, emphasising the need for plain disclosure. Contempt proceedings may ensue if directives are not followed.
#SupremeCourt #StateBankofIndia #SBI #SBINews #ElectoralBonds #ElectoralBondScheme #Indianews #CJIChandrachud #Oneindia #Oneindianews
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Japan’s Nikkei Stock Index , Surges to an All-Time High.
The Nikkei 225 reached an
all-time high on Feb. 22, AP reports. .
It closed at 39,098.68, surpassing the record of 38,915.87 that was set in December of 1989.
Shares related to computer chips helped
to lead the rally on Feb. 22, AP reports.
On Feb. 21, Nvidia reported that its fiscal Q4
revenue jumped from $6.05 billion to $22.1 billion.
Accelerated computing and generative
AI have hit the tipping point, Jensen Huang, founder and CEO of Nvidia, via statement.
Demand is surging worldwide across
companies, industries and nations, Jensen Huang, founder and CEO of Nvidia, via statement.
Meanwhile, shares in Tokyo Electron, Advantest Corp. and SoftBank Group Corp. were up 6%, 7.5% and 5.1%, respectively. .
Prior to the recent surge, Japan's
benchmark rate has stayed at -0.1%
for more than 10 years, AP reports. .
But within the past few months,
Tokyo share prices have risen 15%.
The past year has seen a
44% increase in share prices. .
As Japanese companies show
signs of change I think investors
are taking a closer look, Hiromi Yamaji, group CEO of the Japan Exchange Group,
via an online briefing sponsored by 'The Financial Times'.
The generation is changing, Hiromi Yamaji, group CEO of the Japan Exchange Group,
via an online briefing sponsored by 'The Financial Times'
Credit: Wibbitz Top Stories Duration: 01:30Published
Watch as the United States takes a stand against the crackdown on rights and freedoms in Hong Kong by imposing new visa restrictions on multiple officials. Stay updated on the latest developments in the ongoing tensions between the US and China over the situation in the Chinese-ruled territory.
#USNews #HongKong #USVisa #HongKongVisa #VisaRestrictions #USVisaRestrictions #RightsCrackdown #UnitedStatesofAmerica #Oneindia
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Hong Kong Passes , New Security Law.
On March 19, lawmakers in Hong Kong unanimously passed Article 32.
The national security bill
"punishes treason, sabotage, sedition,
the theft of state secrets and espionage
with up to life imprisonment," Reuters reports. .
The legislation will go into effect on March 23.
John Lee, a political leader
in the country, referred to the new law
as a "historic moment for Hong Kong.".
However, critics say that the
new legislation could be utilized to
"eliminate dissent through the fear of arrest
and detention," restricting free speech and more.
However, critics say that the
new legislation could be utilized to
"eliminate dissent through the fear of arrest
and detention," restricting free speech and more.
On March 14, the U.S. Congressional-Executive Commission on China wrote Secretary of State Antony Blinken to oppose the new laws.
The commission also urged the American government to "take additional steps to protect American citizens and businesses," Reuters reports. .
An ever-expanding notion of national
security will only make Hong Kong less safe
for U.S. businesses and citizens living in
Hong Kong as well as Hong Kongers seeking
to exercise their fundamental freedoms, The U.S. Congressional-Executive Commission
on China, via letter to Antony Blinken .
China's Foreign Ministry Commissioner's
office responded to the criticism. .
China's Foreign Ministry Commissioner's
office responded to the criticism. .
Immediately stop the political
manipulation and interference
in Hong Kong affairs, China's Foreign Ministry Commissioner's office, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
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