The outlook for January-March 2024, calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire, stood at 37 per cent, up 5 per cent from the corresponding period of 2023, and same when compared with the last quarter.
In the intraday session, Sensex touched an all time high of 67,927.23, while Nifty 50 crossed the 20,200 mark, and hit 20,222.45.
The first advance estimate, released by the National Statistical Office (NSO) earlier this month, said the country’s economy is expected to grow at 7.3 per cent in the current fiscal.
All sectors closed on a negative note, as Nifty IT slipped 2.19 per cent, followed by Nifty FMCG at 1.91 per cent, Nifty Media at 1.40 per cent, Nifty PSU Bank at 1.13 per cent, and the consumer durables index at 1.12 per cent.
The regulator in its board meeting held on Thursday announced a set of measures to provide flexibility to the existing LC framework. It had issued a consultation paper in August this year on ‘Review of framework for borrowings by Large Corporates’.
The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.
Firm valued at more than Rs 7 trillion
The SEBI Chairperson said the regulator is looking at an architectural shift to help industry implement its various circulars.
State-owned firm to sign lithium pact with Argentina: ReportKABIL, a state-owned joint venture formed to scout for minerals overseas, will “shortly” sign an agreement with Argentina to secure a few lithium blocks.
Aviation regulator DGCA will examine documents submitted by Go First related to the revival plan and will also conduct an audit on operational preparedness before allowing the carrier to restart operations.