Stock Market Update: September 2024

Stock Market Update: September 2024

The BSE Sensex closed at 82,366 up by 0.76% and the Nifty 50 closed at 25,235 up by 1.14% in August 2024. From a sector perspective, leading gainers were Healthcare (+6.56%), Teck (+4.58%), Consumer Durables (+4.37%), and IT (+4.27%) while Utilities (-3.79%), Realty...
Economic Update: September 2024

Economic Update: September 2024

On 18th September, the US Federal Reserve lowered its benchmark interest rate for the first time in more than 4 years, with a bigger than usual cut. The key lending rate was reduced by 50 bps to the range of 4.75% and 5% marking the end of monetary tightening cycle....
Economic Update: August 2024

Economic Update: August 2024

Union Budget 2024-25: Finance Minister (Nirmala Sitharaman) presented the first budget of BJP led NDA government’s third term and as per expectation continued the sustainable economic development goals in pursuit of ‘Viksit Bharat’. It focused on nine priorities:...