Stock Market Highlights: Sensex makes smart recovery, ends volatile day 697 pts higher; Nifty reclaims 17,300; VIX eases 2%:Business news
Indian equity benchmarks Sensex and Nifty50 ended a volatile session with strong gains on Tuesday, shrugging off a mixed trend across global markets, thanks to a fag-end recovery in financial, oil & gas and IT shares. Strength in heavyweights Reliance Industries, Infosys, TCS and ICICI Bank aided the bounceback in headline indices.
Broader markets also recovered their intraday losses in the second half of the session, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising 0.3 percent each. However, caution persisted among investors globally as they tracked updates on the Russia-Ukraine war closely.
Petrol, diesel retail prices increased. What next?:Business News
Oil marketing companies increased retail prices of petrol and diesel on March 22 after they were unchanged for 137 days even as crude oil rose sharply.
Petrol and diesel prices were raised by over 80 paise a litre and industry experts expect them to be increased further.
Petrol now costs Rs 110.78 a litre and diesel Rs 94.94 per litre in Mumbai. In Delhi, petrol will be sold at Rs 96.21 per litre, while diesel will be available at Rs 87.47 per litre.
Zomato’s Explainer After Backlash Over 10-Minute Delivery:News
Zomato’s Explainer After Backlash Over 10-Minute Delivery Plan Zomato founder Deepinder Goyal has read out the fine print of the food-ordering app’s latest 10-minute delivery service, a day after the company’s move was criticised by some as an open door to push delivery partners into a tough and unsafe working environment.
Mr Goyal tweeted the 10-minute delivery service “will be for specific nearby locations, popular and standardised items only.”
“Hello twitter, good morning. I just want to tell you more about how 10-minute delivery works, and how it is as safe for our delivery partners as 30-minute delivery. This time, please take 2 minutes to read through this (before the outrage),” Mr Goyal tweeted this morning and people also came to know by news.
Tracing how Magnite saved Nissan in India: 50,000th:Business news
Magnite SUV produced Nissan India today rolled out the 50,000th unit of Magnite SUV at its Chennai manufacturing plant. The Made-in-India Nissan Magnite has already garnered over 1 lakh bookings globally till date and is presently the highest-selling model of the brand in India.
The Magnite was Nissan’s first global SUV to be released under the NEXT transformation strategy. Presently being sold in over 15 countries globally, the ‘Made in India’ SUV was awarded with a Global NCAP 4-star safety rating in February 2022.
Indian Government Reveals How It Plans to Tax Cryptocurrency Transactions:Business news
The Indian ministry of finance answered some questions Monday in Lok Sabha, the lower house of parliament, regarding how cryptocurrency transactions will be taxed going forward.
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Minister Pankaj Chaudhary, the minister of state in the ministry of finance, explained that The Financial Bill 2022 has proposed to insert section 115BBH to the Income Tax Act 1961 to provide for the taxation of income from transfers of virtual digital assets (VDAs).
Stock Market Highlights: Sensex makes smart recovery, ends volatile day 697 pts higher; Nifty reclaims 17,300; VIX eases 2%:Business news
Indian equity benchmarks Sensex and Nifty50 ended a volatile session with strong gains on Tuesday, shrugging off a mixed trend across global markets, thanks to a fag-end recovery in financial, oil & gas and IT shares. Strength in heavyweights Reliance Industries, Infosys, TCS and ICICI Bank aided the bounceback in headline indices. Broader markets also recovered their intraday losses in the second half of the session, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising 0.3 percent each. However, caution persisted among investors globally as they tracked updates on the Russia-Ukraine war closely.
