Business News Highlights: Nifty Ends Trading Near 20,000 Record High, Sensex Zooms 528 Points
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GOI Launches UK-India Infrastructure Financing Bridge In Partnership With NITI Aayog, City Of London Corporation
Union Finance Minister Nirmala Sitharaman on Monday said that the government has launched the UK-India Infrastructure Financing Bridge in collaboration with NITI Aayog and the City of London Corporation. "Today we have launched the UK-India Infrastructure Financing Bridge. It is a collaborative venture co-led by NITI Aayog and the City of London Corporation aimed at harnessing collective expertise in planning and implementing major infrastructure projects. We remain committed to collaborate, deliberate and innovate to navigate the challenges and seize the opportunities that lie ahead for both nations," Sitharaman said at the 12th annual India-UK Economic Financial Dialogue.
Pulses’ Sowing Remains 8.58% Lower In Ongoing Kharif Season On Account Of Monsoon Deficit
Pulses’ sown area remained in deficit till last week of the ongoing kharif season. The area stood 8.58 per cent lower at 119.91 lakh hectares till last week, on account of the monsoon rain deficit in the country, the data from the agriculture ministry revealed.
According to the data, total area sown to paddy continued to be higher at 403.41 lakh hectares till September 8, compared to 392.81 lakh hectares in the same period a year earli. However, pulses area sown stood 8.58 per cent lower, compared to 131.17 lakh hectares in the same period a year earlier, reported PTI.
Union Minister Sarbananda Sonowal To Attend Eastern Economic Forum Meeting In Russia
Union Minister Sarbananda Sonowal will lead an Indian delegation to participate in the 8th Eastern Economic Forum meeting in Russia’s Vladivostok this week. Russian President Vladimir Putin is expected to be present at the meeting. Sonowal has left for his three-day stay in Russia and will hold discussions with business leaders and foreign partners during his stay there, official sources claimed. Officials from China, Laos, Mongolia and ASEAN countries are also participating in the meeting taking place from September 10 to 13, reported PTI.
Rupee Depreciates 1 Paisa To 83.03 Against US Dollar
The rupee fell 1 paisa to close at 83.03 (provisional) against the US dollar on Monday, as investors’ remained concerned about increasing crude oil prices even as domestic equities market continued their positive trajectory.
Forex traders noted that a weak US dollar helped the domestic unit and limited it’s fall, reported PTI. At the interbank foreign exchange market, the rupee opened at 82.93 against the US dollar and ranged between 82.83 and 83.06. It finally settled 1 paisa lower at 83.03 against the previous close.
Stock Market: Nifty Ends Around 20,000-Mark, Sensex Jumps 528 Points
Sensex and Nifty, the two key equity benchmarks, closed at record highs on Monday, defying muted global sentiment across the globe amid broad-based rally. The Sensex closed 528 points higher at 67,127. On the other hand, the NSE Nifty50 hit an all-time high of 20,008, surpassing the previous high of 19,991.85. Eventually, it settled at 19,996, up 176 points. On the 30-share Sensex platform, barring L&T and Bajaj Finance, all closed in the green. PowerGrid, Axis Bank, Maruti, HCL, SBI, and Tata Motors were among the lead gainers.
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