Friday, March 13
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied strongly in trade on Friday. While Nifty50 went above 25,100, BSE Sensex was up over 1,000 points.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied strongly in trade on Friday. While Nifty50 went above 25,050, BSE Sensex was up over 900 points.
Since Donald Trump's presidency began five months ago, global financial markets have experienced significant volatility. US stocks are underperforming compared to European markets, while the dollar has sharply declined against the euro. Concerns about rising US debt are growing, impacting investor confidence. Oil prices initially fell due to economic slowdown fears but have rebounded amid Middle East tensions.
Following the Air India Ahmedabad Dreamliner crash that tragically killed approximately 270 people, the Aircraft Accident Investigation Bureau (AAIB) has launched a thorough investigation.
Stock market today: The NSE Nifty fell by 18.80 points (0.08 per cent), ending at 24,793.25. The BSE Sensex showed significant fluctuation, dropping 82.79 points (0.10 per cent) to close at 81,361.87.
US president Trump criticised Federal Reserve Chairman Jerome Powell for not cutting interest rates, labeling him a "real dummy" and blaming him for economic harm. This came after the Fed decided to hold steady, citing a need to monitor inflation and the impact of new tariffs. The Fed also revised its economic outlook, lowering growth forecasts and raising inflation expectations.
Stock market today: The NSE Nifty declined by 41.35 points or 0.17 per cent to close at 24,812.05, recording losses for the second consecutive day. The BSE Sensex, after initial gains, fell by 138.64 points or 0.17 per cent to finish at 81,444.66.
Dassault Aviation partners with Reliance Aerostructure to manufacture Falcon 2000 jets in India. This marks Dassault's first Falcon assembly outside France. The facility will be in Nagpur, Maharashtra.
The Competition Commission of India (CCI) has approved Mahindra & Mahindra's proposal to acquire a 58.96% stake in commercial vehicle manufacturer SML Isuzu for ₹555 crore. This acquisition involves purchasing Sumitomo Corp's 43.96% stake and Isuzu Motors' 15% stake. Mahindra will now launch an open offer for an additional 26% stake, aligning with SEBI's takeover regulations.
TCS has updated its associate deployment policy, mandating employees to be billable for 225 days annually and limiting bench time to 35 days. The policy emphasizes proactive engagement from associates in seeking project allocations and continuous upskilling through TCS platforms. Failure to meet allocation targets may impact compensation, career growth, and future opportunities.
