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BusinessThe Indian stock market has lost nearly Rs 30 lakh crore in market capitalization within six weeks due to rising oil prices and high bond yields. Foreign Institutional Investors have been selling equities, and technical indicators show a bearish trend. Experts say a market rebound depends on the overall health of the economy as Nifty faces continued downward pressure.
ET Markets·
BusinessThe Trump administration suspended the PERM process for green cards affecting eight major companies including TCS, Infosys, and Wipro. Contrary to expectations of pressure on Indian IT shares, the Nifty IT index rose by 3.31% on Friday, with shares of TCS, Infosys, and Wipro also increasing significantly.
Aaj Tak·
WorldOn October 10, mail-express trains arriving in Delhi will be cancelled and halted from 4 AM to 2 PM due to the CJP protest. This disruption affects train services during the specified time window, impacting passengers traveling to Delhi on that day.
Amar Ujala··Delhi
BusinessHospital stocks including Apollo Hospitals and Max Healthcare rose up to 5% after the government capped trade margins on non-scheduled anti-cancer drugs at 30%, potentially lowering medicine prices by 70%. Analysts Jefferies and Emkay expect manageable earnings impacts despite short-term margin pressures. Jefferies favors Fortis, Manipal, Apollo, Max Healthcare, and Medanta due to strong demand and attractive valuations.
ET Markets·
WorldIn Chitrakoot, livestock farmers can benefit from a government scheme offering free green fodder seed kits. Eligible farmers will receive these kits at no cost, enabling them to cultivate green fodder on their land for their animals during winter. This initiative helps farmers avoid the expense of purchasing seeds and supports sustainable fodder production.
News18 Hindi··Chitrakoot
WorldFor the Navratri fair from October 8 to 23, the railway has arranged special stops for four major trains at Indergarh Sumerganj Mandi station in Kota division. Trains like Mumbai Central-Jaipur Express and Bandra Terminus-Barauni Awadh Express will halt temporarily for 16 days. This move aims to facilitate pilgrims with easier travel options, says the senior divisional commercial manager. Updated train info is available on NTES.
News18Hi Business··Indergarh Sumerganj Mandi
ET Markets·
The Indian stock market has lost nearly Rs 30 lakh crore in market capitalization within six weeks due to rising oil prices and high bond yields. Foreign Institutional Investors have been selling equities, and technical indicators show a bearish trend. Experts say a market rebound depends on the overall health of the economy as Nifty faces continued downward pressure.
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