Stock Market LIVE Updates: Sensex jumps 462 points, Nifty ends near 15,700; bank stocks gain
THE TIMES OF INDIA | Jun 24, 2022, 17:05:28 IST
Daily Sensex Updates

Stock Market LIVE Updates: Sensex jumps 462 points, Nifty ends near 15,700; bank stocks gain

Stock Market LIVE Updates: Benchmark equity indices rose by nearly 1 per cent on Friday, extending gains for a second day on the back of buying in banking, financials and energy stocks in line with firm global trends. The sensex advanced further by 462 points or 0.88 per cent to settle at 52,728. Stay with TOI for all latest updates.Read Less

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17:05 (IST) Jun 24

Parameswaran Iyer appointed as CEO of NITI Aayog

Parameswaran Iyer has been appointed as the chief executive officer (CEO) of NITI Aayog, according to a government notification. He was a former drinking water and sanitation secretary. He had resigned from the post in July last year.

16:15 (IST) Jun 24

Markets gain for 2nd day; Sensex, Nifty climb nearly 1% amid firm global trends

The Nifty gained 142.60 points or 0.92 per cent to settle at 15,699.25. Sensex and Nifty had recovered nearly 1 per cent Thursday.

15:50 (IST) Jun 24

Rupee slips by 1 paisa to close at all-time low of 78.33 (provisional) against the US dollar

15:33 (IST) Jun 24

Markets close

Sensex gains 462 points to close at 57,728; Nifty settles at 15,699

14:28 (IST) Jun 24

Pakistan levies 'super tax' on big industries to trim deficit ahead of expected IMF deal

Pakistan will impose an extra one-time 10% tax on large scale industry for one year to raise over $1.93 billion ahead of a deal to resume crucial funding from the International Monetary Fund, finance minister Miftah Ismail said on Friday.

14:25 (IST) Jun 24

RBI deputy governor Patra expects inflation to breach 6% for three quarters

India's retail inflation is likely to breach the mandated inflation target band of 2-6% for three straight quarters but is showing indications of peaking, Reserve Bank of India deputy governor Michael Patra said on Friday.

14:12 (IST) Jun 24

European stocks rebound at the open

European stocks rebounded at the open Friday following another week of heavy losses for markets, including oil, on heightened fears of a global recession. London's benchmark FTSE 100 index gained 0.4 percent to 7,047.11 points, with investors brushing aside bruising defeats for Britain's ruling Conservatives in by-elections Thursday.

13:26 (IST) Jun 24

Australian shares end week higher on tech gains

Gains in technology stocks helped the main Australian index round off the week on a positive note, although worries about a recession were a drag on the heavyweight sectors of energy and mining. The S&P/ASX 200 index closed 0.77% higher at 6,578.7 on Friday and was up 1.61% for the week, its biggest weekly gain in over three months.

12:57 (IST) Jun 24

Humble rice bran becomes hot commodity as India scours for edible oils

Rice bran has become a sought-after commodity in India as the world's biggest importer of vegetable oils tries to overcome an edible oil shortage caused by global supply disruptions.

12:56 (IST) Jun 24

GST Council may consider changes in monthly GST payment form

The GST Council in its meeting next week is likely to consider a proposal for making changes in the monthly tax payment form -- GSTR-3B, which would include auto-population of outward supplies from sales return and non-editable tax payment table, officials said.

12:04 (IST) Jun 24

The RBI will defend the Indian economy. RBI will rise when the going gets tough: Patra

12:01 (IST) Jun 24

Inflation threatens the most vulnerable across the world. Monetary policy tightening is happening everywhere. It appears synchronized: Patra

11:55 (IST) Jun 24

The monetary policy dug India out of deep recession (caused by the pandemic). India is becoming resilient and stronger: Patra

11:44 (IST) Jun 24

CPI has moderated in May. Core inflation has fallen sharply. India is weathering the storm: Patra

11:42 (IST) Jun 24

There is a decline in the current account deficit. Foreign exchange earnings are very strong today: Patra

11:40 (IST) Jun 24

There is a renewal of supply chain disruption in India: Patra

11:39 (IST) Jun 24

The RBI points out that domestic activity has been gaining traction in spite of geopolitical headwinds. Even the contact intensive sectors that were hit hard by the pandemic are gaining traction: Patra

11:36 (IST) Jun 24

The Russia-Ukraine crisis delivered a brutal blow to the global economy: RBI DG MD Patra speaks at the PHD Chamber of Commerce & Industry on geopolitical spill-overs and the Indian economy

11:13 (IST) Jun 24

Three charts show trouble for India stocks nearing a bear market

As surging inflation and the end of global easy-money policies send Indian stocks spiraling down from all-time highs, three charts show the pain is unlikely to end anytime soon.

10:56 (IST) Jun 24

While markets may move sideways in the near-to-medium term, the bears may take a temporary break after the recent sell-offs, with a sharp fall in WTI crude oil prices bolstering the sentiment.

Prashanth Tapse, vice president (research), Mehta Equities Ltd. told PTI news agency

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