Getty ImagesThe NSE Nifty index ended the session 159.6 points down at 19122.15, while BSE Sensex fell 522.82 points to 64049.06.
In the Nifty index, Coal India Ltd.(up 1.37 per cent), Tata Steel Ltd.(up 1.13 per cent), Hindalco Industries Ltd.(up 0.99 per cent), Tata Consumer Products Ltd.(up 0.78 per cent) and State Bank of India(up 0.59 per cent) stood among the top gainers.
On the other hand, Infosys Ltd.(down 2.74 per cent), Adani Enterprises Ltd.(down 2.24 per cent), Cipla Ltd.(down 2.23 per cent), Apollo Hospitals Enterprise Ltd.(down 2.21 per cent) and NTPC Ltd.(down 1.90 per cent) were among the top losers of the day.
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Big-ticket Buys Light Up Festive Sales in First LegDiscretionary spending by consumers on big-ticket items such as cars, smartphones, televisions, two-wheelers and household appliances is off to a flying start this festive season. Several brands and categories have overtaken last year’s total festive period sales or are close to matching them in the first phase, which runs from Navratri to Dussehra, several industry executives said.
Sterlite Power, GIC plan $1-B Transmission JVSterlite Power Transmission (SPTL), a privately held Vedanta Group company, is joining hands with Singapore’s sovereign wealth fund, GIC, to create a $1-billion joint venture platform to tap the growing demand for power evacuation networks in the country on the back of the renewable energy boom, multiple people aware of the plans told ET.
‘India to be No. 3 Economy by 2030’Brisk digital transformation and a rapidly growing middle class are expected to drive India’s growth, lifting its economy to the third place by 2030, according to S&P Global Market Intelligence. This will put it behind only the US and China, overtaking Germany and Japan.
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