Sensex, Nifty are headed for weekly gains as IT and energy stocks firmed, while investors awaited a raft of Nifty 50 company earnings and a monthly inflation reading due later in the day. Stay with TOI for latest updates from the markets:Read Less
Finance minister to meet CMs, state FMs on Monday
Union finance minister Nirmala Sitharaman will on Monday meet chief ministers and state finance ministers to discuss measures to attract private investments to help boost the economy.
Energy index up nearly 1%
The Nifty energy index was up 0.59% and on course to notch its sixth session of gains in seven. Oil and gas explorer ONGC gained 0.9% ahead of its quarterly results report.
IT stocks rise
The Nifty IT index gained 0.67%, and was on course to snap two straight sessions of losses, as Tech Mahindra added 2.3% and Wipro rose 1.1%.
Asian markets were up on Friday, with investors hoping that the worst price hikes could be soon over.
Passenger vehicles sales in October 2021 saw a 27.15% decline and two-wheelers sales were down by 24.94%, as compared to October 2020: Society of Indian Automobile Manufacturers (SIAM)
With the RBI Retail Direct Scheme, small investors in the country have got a safe medium of investment in government securities. With Reserve Bank- Integrated Ombudsman Scheme, 'One Nation, One Ombudsman System' has taken shape in the banking sector today.
In last 7 yrs, NPAs have been recognised in transparent manner; resolution and recovery emphasised: PM Modi on reforms in banking sector
Strong banking system essential for an economy: PM Modi
RBI's two innovative customer-centric initiatives will increase investment avenues, make accessing capital market easier, safer.
Role of RBI is crucial in this decade of 21st century and as we observe Azadi Ka Amrit Mahotsav, I am confident that Team RBI will live up to the expectations of the nation: PM
People centric and sensitive decision were taken under the guidance of PM Narendra Modi during the time of pandemic. The Indian economy is roaring now.
The Reserve Bank - Integrated Ombudsman Scheme aims to further improve the grievance redress mechanism for resolving customer complaints against entities regulated by RBI.
Notably, the RBI Retail Direct Scheme is aimed at enhancing access to the government securities market for retail investors. It offers them a new avenue for directly investing in securities issued by the Government of India and the state governments.
Launching of RBI Retail Direct Scheme and Reserve Bank Integrated Ombudsman Scheme will provide further impetus to India's journey towards a more inclusive and responsive financial system: RBI Governor
Prime Minister Narendra Modi launches two customer-centric initiatives of the Reserve Bank of India- the RBI Retail Direct Scheme and the Reserve Bank - Integrated Ombudsman Scheme.
Rupee surges 16 paise to 74.36 against US dollar in early trade.
Sensex rises over 320 points, currently trading at 60,235; Nifty at 17,976
GM to launch 10 EVs in S.Korea by 2025; no plans for local manufacture
General Motors Co will launch 10 electric vehicles (EVs) for the South Korean market by 2025, but has no plans yet to manufacture EVs in the country, Steven Kiefer, the head of GM's international operations said on Friday.
India's October retail inflation report is due at 5:30 am on Friday.
Tata Steel was up as much as 3.1% after reporting a jump in quarterly profit. The Nifty IT index gained 0.75%, and was on course to snap two straight sessions of losses, as Tech Mahindra and Wipro added more than 1% each. Traders are also keeping an eye out for earnings results from Hindalco Industries, Coal India, Grasim Industries, Hero MotoCorp and oil and gas explorer ONGC due later in the day.