GIFT Nifty Achieves Record-Breaking Single-Day Turnover of $16.76 Billion and Open Interest of $13.51 Billion on Nov 28, 2023

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In a notable milestone, the GIFT Nifty soared to unprecedented heights in single-day trading, registering a volume of 4,27,925 contracts and a remarkable turnover of $16.76 billion (approximately Rs 1,39,766 crore) on November 28, 2023, as reported by NSE IX. This achievement not only surpassed the previous record for single-day trading turnover, set at $15.25 … Read more

India’s Wholesale Price Index (WPI) Inflation for Sept-2023 Shows a Milder Contraction

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The data table below presents the Wholesale Price Index (WPI) inflation figures for India in September 2023, along with some significant changes from the previous month (August 2023) and relevant indices. WPI measures the average change over time in the prices of a selected basket of wholesale goods and represents a crucial economic indicator reflecting … Read more

India’s Vehicle Sales and Production Data for Sept-2023 & Q3 Highlights

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The data table below provides information on vehicle sales, exports, and production in India for the months of September and the cumulative data for July to September. The data is sourced from the Society of Indian Automobile Manufacturers (SIAM) and covers various categories of vehicles, including passenger vehicles, two-wheelers, three-wheelers, commercial vehicles, and more. It … Read more

India’s Inclusion in JPMorgan Index Signals Potential for Long-Term Gains in Government Bonds

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JPMorgan, a renowned financial institution, has announced its decision to include Indian government bonds in its Government Bond Index-Emerging Markets, effective from June 2024. The Finance Ministry in India has expressed confidence that this move will be beneficial for long-term investors, indicating the potential for equity-like returns in government bonds over time. Economic Affairs Secretary … Read more

Market Summary: Nifty Surpasses 20,000 Mark, Closes Near ATH; Investors Gain Over ₹3 Lakh Crore in a Single Day

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On Monday, the frontline indices, namely the Sensex and the Nifty, concluded with substantial gains. The Nifty reached a fresh record high during the trading session, while the Sensex reclaimed the 67,000 mark, driven by widespread buying activity. In a historic moment, the Nifty breached the coveted 20,000 mark for the first time, achieving an … Read more

Unlocking India’s Economic Potential: A 2023 Overview

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Exploring India’s Remarkable Growth Story In 2023, India has achieved a significant milestone by becoming the world’s most populous nation. Furthermore, it is well on its way to achieving a substantial real GDP growth rate of approximately 6% by the end of the year. This marks the third consecutive year of impressive growth among major … Read more

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