Tuesday, March 10
The IMF approved a $1.2 billion disbursement to Pakistan, bringing total inflows to $3.3 billion, acknowledging the country's reform efforts despite recent flood shocks. This funding supports macroeconomic stability and climate resilience, with further reforms needed for private sector-led growth and fiscal resilience.
The NSE Nifty fell by 120.90 points, or 0.47 per cent, closing at 25,839.65. During trading, it decreased by 232.55 points to reach 25,728. The BSE Sensex declined by 436.41 points, or 0.51 per cent, ending at a near two-week low of 84,666.28.
Domestic flight ticket prices have seen a significant drop following the government's imposition of temporary fare caps. This intervention came after unprecedented price surges, with some tickets reaching exorbitant amounts due to mass flight disruptions. The new ceilings, based on flight distance, aim to provide much-needed relief to passengers across various routes.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Monday. While Nifty50 was above 25,150, BSE Sensex was near 86,650.
Meesho's upcoming stock market debut on December 10th is anticipated to see a strong listing, with shares trading at a significant grey market premium. The e-commerce giant's robust IPO, which saw overwhelming demand across all investor categories, is expected to offer investors a substantial upside. The company's asset-light model and focus on affordability are key highlights.
Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Monday. While Nifty50 went below 25,900 intraday, BSE Sensex was down over 700 points.
IndiGo's stock plummeted over 7% as flight cancellations entered their seventh day, impacting over 250 flights from Delhi and Bengaluru. The airline blames new pilot duty time regulations for the widespread disruptions. Regulators have extended the deadline for IndiGo's leadership to respond to a show cause notice regarding operational failures.
ICICI Prudential AMC has set its IPO price band, valuing the fund house at approximately Rs 1.07 lakh crore. The Rs 10,602-crore offer-for-sale opens on December 12, with shares scheduled to list on December 19. This listing will make it the fifth AMC to go public in India.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Monday. While Nifty50 went below 25,900 intraday, BSE Sensex was down over 700 points.
India's power distribution companies must embrace intelligent, reliable, and consumer-focused networks through technology and enhanced engagement, stated Power Minister Manohar Lal Khattar. He urged DISCOMs to collaborate with stakeholders to accelerate smart distribution systems, emphasizing consumer trust and addressing misinformation for wider adoption of AI and ML solutions.
