Here’s the full English version of your Market News update:
Market News: Positive Signals for Indian Markets
Global Cues:
Good signals are emerging for Indian markets. U.S. Federal Reserve Chairman Jerome Powell has hinted at an interest rate cut from next month, which has boosted global markets. Gift Nifty is trading nearly 100 points higher, and Asian markets are also showing strength. On Friday, U.S. indices rallied sharply – Nasdaq jumped 400 points and the Dow Jones surged 800 points.
Nifty Reshuffle from September 30:
A big change is coming to the Nifty 50 index from September 30. INDIGO and Max Healthcare will be included in the index, while Hero Moto and IndusInd Bank will be excluded.
Additionally, from September 22, FTSE will add eight companies including Hexaware Technologies, Cholamandalam, MCX, and JK Cement.
YES Bank – SMBC Deal Approved:
The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to increase its stake in Yes Bank up to 25%. However, SMBC will not be considered a promoter.
MDL Bags ₹70,000 Crore Order, HAL in Focus:
Big news for Mazagon Dock (MDL) – the government has approved the ₹70,000 crore 'Project-75 India'. Under this project, six submarines will be built in India with Germany’s cooperation. Meanwhile, HAL will also remain in focus as the Indian Navy has issued a Request for Information (RFI) to purchase 76 helicopters.
GST Council Meeting on September 3–4:
The GST Council will meet on September 3 and 4 in New Delhi. Ahead of Diwali, GST rate cuts are expected, with major announcements likely on two slabs. A decision to reduce slabs was already taken in the Group of Ministers meeting on August 21. Clarifications may also come regarding cess on some items and revenue compensation for states.
PM Modi’s Gujarat Visit:
Prime Minister Narendra Modi begins his two-day visit to Gujarat today. He will inaugurate Suzuki’s first global EV battery plant, from where exports will be made to over 100 countries.
Russia-Ukraine War Escalates?
Ukraine launched drone attacks on Russia, setting fire to Novatek’s fuel terminal. Russia claimed it destroyed 10 Ukrainian drones. Debris from a drone also fell on the Kursk nuclear power plant in southern Russia. Meanwhile, Hungary and Slovakia’s supply of Russian oil has been disrupted.
Do you want me to also create a SEO-friendly meta title & description for this Market News article so it’s ready for your website?
0 Comments