Forex traders said that positive sentiment in the stock market, a weak greenback against major currencies overseas and steady crude oil prices restricted losses in the local currency.
In the Nifty50, State Bank of India, Wipro Ltd, Dr Reddy’s Laboratories, Grasim Industries and HDFC Bank were the top gainers. ONGC, Hero Motocorp, Tata Motors, Titan and Bharti Airtel Ltd were top losers on Monday.
Markets continue winning rally: Sensex crosses 66,500, Nifty settles over 19,700 for first time ever
The world’s second-largest economy is expected to slow further in coming months given slack consumer demand in China and weaker demand for Chinese exports in other economies as their post-pandemic recoveries lose momentum.
A passive fund is an investment vehicle that tracks a market index or a specific market segment. These funds include passive index funds, Exchange Traded Funds (ETFs), and Fund of Funds investing in ETFs.
According to the chargesheet, multiple entities under the control of Vivo China resorted to using forged identity documents to acquire wrongful gains for themselves “to the detriment of Indian Laws and economic sovereignty of the country.”
While money is flying into India’s stock markets, long-term investment from overseas has been declining.
The Hong Kong-listed shares of China’s Alibaba Group fell more than 4% on Monday after the surprise departure of former CEO Daniel Zhang from the technology giant’s cloud computing business.
Revenues for the month were 10.8 per cent higher than the GST revenues in the same month last year, the finance ministry said in a statement.
Inflation which is expected to remain above the five per cent till the first quarter of 2024-25 is likely to hit the 6.2 per cent level in the ongoing quarter (July-September), according to the RBI projection.
Buoyed by the FPI support, the BSE Sensex surged 803 points, or 1.26 per cent, to close at a new all-time high of 64,718.56 on June 30. The broader Nifty gained 216.95 points, or 1.14 per cent, to a fresh peak of 19,189.05. During the previous week, the Sensex rose by over 1,700 points.