Markets Wrap – Tue, 14 Feb ‘23: Nifty, Sensex surge, rupee depreciates; Asia, US markets, Gold, Crude updates

Indian equity indices concluded Tuesday’s session broadly in green. The Sensex closed above 61,000 and the Nifty settled above 17,900. The top gainers of the Nifty 50 were UPL (up 3.61%), ITC (up 3.14%), Reliance Industries Ltd (up 2.44%), Adani Enterprises  (up 1.88%) and Adani Ports (up 1.86%) while Apollo Hospital (down 2.45%), Eicher Motors […]

Govt plans to pre-pay off-Budget bonds

The Centre, which turned over a new a leaf in fiscal transparency in the Budget FY22 by ending its practice of off-Budget borrowings through state-run agencies, wants to pre-pay the remaining such outstanding liabilities of Rs 1.7 trillion over a reasonable period, but it can’t, as investors are unwilling to forego such high interest-bearing bonds, […]

India not to import butter, other dairy products; to tap domestic sector to improve supplies: Parshottam Rupala

Union Minister for Fisheries, Animal Husbandry and Dairying Parshottam Rupala on Friday made it clear that the country will not import dairy products like butter and the supplies will be improved with the help of huge untapped domestic sector. Rupala’s statement comes even as his ministry’s top official had last week stated that the stocks […]

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