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Stock Market BSE Sensex NSE Nifty Updates | 8th October Sensex rose by 700 points, was down by 200 points in the morning: Nifty also rose by 230 points, except the metal sector, all were up.

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Stock Market BSE Sensex NSE Nifty Updates | 8th October Sensex rose by 700 points, was down by 200 points in the morning: Nifty also rose by 230 points, except the metal sector, all were up.


Mumbai1 hour ago

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Today i.e. on October 8, the Sensex is trading at the level of 81,760 with a rise of about 700 points. Nifty is also up by 230 points, it is trading at the level of 25,040.

Out of 30 Sensex stocks, 19 are rising and 11 are declining. Out of 50 stocks of Nifty, 30 are rising and 20 are declining. Except the metal sector, everyone is doing business at a brisk pace.

Mixed business for Asian markets

  • In the Asian market, Japan's Nikkei fell by 1.00%. Hong Kong's Hang Seng index closed 9.41% lower and China's Shanghai Composite closed 4.59% higher.
  • On October 7, the US Dow Jones fell 0.94% to 41,954 and the Nasdaq fell 1.18% to 17,923. The S&P 500 also fell 0.96% to 5,695.
  • According to NSE data, foreign investors (FIIs) sold shares worth ₹8,293.41 crore on October 7. During this period, domestic investors (DIIs) bought shares worth ₹ 13,245.12 crore.

Garuda Construction and Engineering's IPO opened The initial public offer i.e. IPO of Garuda Construction and Engineering Limited has opened. Investors can bid for this issue till October 10. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 15. Click to read full news…

There was a decline in the market yesterday Earlier yesterday i.e. on October 7, the Sensex had fallen by 638 points and closed at the level of 81,050. Nifty also fell by 218 points, it closed at the level of 24,795. At the same time, BSE Small Cap fell by 1,827 points and closed at 54,117.

Out of 30 Sensex stocks, 23 were down and 7 were up. Out of 50 Nifty stocks, 40 were in decline and 10 were up. Except the IT sector of NSE, all closed with a decline.

There is more news…



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India gave financial assistance of Rs 30 billion to Maldives facing debt crisis; Talks on free trade agreement also started – india gave financial assistance of rs 30 billion to maldives facing debt crisis talks on free trade agreement also started

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India gave financial assistance of Rs 30 billion to Maldives facing debt crisis; Talks on free trade agreement also started – india gave financial assistance of rs 30 billion to maldives facing debt crisis talks on free trade agreement also started


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Amidst the counting of votes, Biden again claims – we are winning, know every update related to the results, foreign news

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Amidst the counting of votes, Biden again claims – we are winning, know every update related to the results, foreign news


As the counting of votes progresses in America, the contest is becoming interesting. There is still suspense over who the public has chosen as the real rightful owner of the White House, but the results that have emerged so far…

As the counting of votes progresses in America, the contest is becoming interesting. There is still suspense over who the public has chosen as the rightful owner of the White House, but in the results that have emerged so far, Democrat candidate Joe Biden is far ahead of Republican candidate Donald Trump. Joe Biden, the Democratic Party's presidential candidate in the US, has moved ahead of his rival and President Donald Trump in the important states of Georgia and Pennsylvania and appears to be very close to achieving a historic victory in a closely contested election.

Biden takes lead over Trump after another round of vote counting in Georgia. It has long been a stronghold of the Republican Party. Biden now has a lead of 1096 votes. However, another twist here is that the votes in Georgia will now be counted again. In this way, the result here may have to wait longer. Apart from this, Biden has a lead of 5,587 votes over Trump in Pennsylvania. Till Wednesday night, Trump was leading in this state by more than 7,00,00 votes. At the same time, Biden is also maintaining a slight lead in two other important states, Arizona and Nevada. To reach the White House, one must get 270 out of 538 Electoral College votes.

US Election Results 2020 Live Updates:

-Democrat candidate Joe Biden has said that the vote counting figures make it clear that we are going to win this race. He further said that with each passing hour it is becoming clear that a record number of Americans, including people of all races, religions and regions, have chosen change. He has given us the mandate to take action on Corona, economy and climate change.

—Joe Biden (@JoeBiden) November 7, 2020

-Joe Biden was leading in Georgia in the US Presidential elections, but now there is news that votes will be counted again in Georgia. Let us tell you that here Joe Biden was ahead of Republican Party candidate and current President Donald Trump.

– The path to the White House will pass through five states like Arizona, Georgia, Pennsylvania, North Carolina and Nevada, which is why everyone's eyes are fixed on these states.

According to the latest estimates, Biden has received 253 Electoral College votes while Trump has received 213. But some American media outlets have given 264 votes to Biden and 214 votes to Trump. At the same time, Trump said in a press conference at the White House that he will go to court against electoral malpractices. He alleged large-scale rigging in the elections but could not present any evidence to support his allegations. In such a situation, on Thursday, many American news channels stopped their live telecast of Trump's press conference.

Trump's campaign team has already filed lawsuits in Pennsylvania, Michigan, Georgia and Nevada. He has also demanded a recount of votes in Wisconsin. Biden's campaign team has denied the allegations.

“We're feeling pretty good about the way things are,” Biden told reporters in Delaware. We have no doubt that when the counting is complete, I and Senator Kamala Harris (Democratic Party's nominee for Vice President) will win. Kamala Harris was also present with Biden during this period. Former Vice President Biden also appealed to the people to remain patient until the counting of votes is completed.

US President Trump has claimed that if only 'legitimate votes' had been counted, he would have easily won the closely contested presidential election. Addressing a press conference at the White House on Thursday, Trump indicated that the outcome of the US presidential election will ultimately be decided by the Supreme Court as he planned to file a massive lawsuit against alleged election fraud.

Meanwhile, Trump's election campaign official Matt Morgan said, 'This election is not over yet. Joe Biden is projecting himself as the winner based on the results of four states but the final results are still far away. Georgia is headed toward a recount in which we are confident President Trump will take the lead.





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China holds off on fresh stimulus but ‘confident’ will hit growth target

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China holds off on fresh stimulus but ‘confident’ will hit growth target






AFP, Beijing

Tue Oct 8, 2024 12:54 PM Last update on: Tue Oct 8, 2024 12:59 PM

People walk along Nanjing Pedestrian Road, a main shopping area, in Shanghai, China
Photo: Reuters/File

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People walk along Nanjing Pedestrian Road, a main shopping area, in Shanghai, China
Photo: Reuters/File

China said on Tuesday it was “fully confident” of hitting its growth target this year but held off more stimulus, disappointing markets and fuelling concern about a lack of detail on a raft measures unveiled last month.

Beijing has struggled to reignite business activity as officials target around five percent expansion, which analysts say is optimistic given the numerous headwinds, from a prolonged housing crisis to sluggish consumption and local government debt.

Google News LinkFor all latest news, follow The Daily Star’s Google News channel.

All eyes were on a news conference led by Zheng Shanjie, head of China’s National Development and Reform Commission, on Tuesday, and investors hoped Beijing would unveil more economy-boosting policies.

But Zheng and colleagues refrained from laying out any new stimulus — instead reiterating that “the fundamentals of our country’s economic development have not changed”.

“We are fully confident in achieving the goals of economic and societal development for the year,” the top economic planner said.

“We are also fully confident in maintaining stable, healthy and sustainable development,” he added.

Markets in mainland China had soared 10 percent on the opening as traders resumed a blistering rally after a week-long break hoping for more measures from Beijing.

But they pared those gains as the news conference progressed with few concrete details and Shanghai ended the morning just 4.8 percent higher, while Shenzhen added 7.7 percent. Hong Kong tumbled more than five percent.

“Tuesday’s press briefing from China’s top economic planner… was supposed to be the big moment, the one where Beijing unleashed a stimulus bazooka,” Stephen Innes, Managing Partner at SPI Asset Management said in a note.

“Instead, it was more of a pop gun,” he said.

“It’s clear the market wanted more, and Beijing’s reluctance to roll out a bigger package is raising serious doubts about the sustainability of this rally,” Innes added.

And Heron Lim at Moody’s Analytics said: “Market hopes of even more fiscal stimulus that reaches the ‘big bang bazooka’ level look dashed with the press conference.”

Investors had raced back into stocks on the mainland and Hong Kong since authorities began announcing a raft of stimulus measures to reverse a long period of tepid economic growth.

Many of the measures unveiled so far have been aimed at the flagging housing market, long a key driver of growth but now mired in a prolonged debt crisis exemplified by the fates of developers like Evergrande.

To that end, Beijing’s central bank has slashed interest on one-year loans to financial institutions, cut the amount of cash lenders must keep on hand, and pushed to lower rates on existing mortgages.

“With the continued release of various policies, particularly incremental packages, market expectations have recently significantly improved,” Zheng said Tuesday.

Several cities — including the financial crucibles of Shanghai, Guangzhou and Shenzhen — have also further eased restrictions on buying homes.

Analysts had hoped officials would unveil further fiscal support measures such as trillions of yuan in bond issuances and policies to boost consumption.

They warn that deep reforms to the economic system to relieve the debt crisis in the property sector and boost domestic demand are needed if Beijing is serious about resolving the fundamental obstacles to growth.

And Tuesday yielded “few details on specific measures”, Moody’s Analytics’ Lim said.

“China needs more than words now to support the gigantic expectations they have created,” he said.





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Awami League, 'Dedar torture is going on', Hasina's party claims – sheikh hasina party awami league shares a post claiming their party members are getting attacked

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Awami League, 'Dedar torture is going on', Hasina's party claims – sheikh hasina party awami league shares a post claiming their party members are getting attacked
Sheikh Hasina is not in Bangladesh at the moment. What is the future of his party Awami League? A thousand and one questions about it. In the meantime, some of the leaders and workers of Bangladesh Awami League have raised allegations of torture and demanded trial. They claim that it will not be possible to erase the existence of their party by torture. Awami League shared a post from their verified Facebook profile on Thursday. Awami League said, 'If anyone thinks that they will destroy the Awami League by torture, they are living in a fool's paradise.' Sheikh Hasina's party has been quite active on social media recently. Sheikh Hasina's party has complained of unrest in various parts of Bangladesh. It is claimed that their party workers-supporters are being attacked in different places.

The demand for quota reform was not behind the student movement, but rather a domestic and international conspiracy to seize power, claimed the Awami League. Hasina's party's Facebook post said, 'You can understand why Saint Martin's island has been reserved and public travel is prohibited'.

It should be noted that if the election is held again in Bangladesh, there is a question whether Awami League will participate in it or not. In an interview given to 'Times' magazine, Sheikh Hasina's son Sajib Wazed Joy said that no decision has been taken on this yet. Joy did not clarify whether he himself will participate in the election or not. In his words, 'I had no political ambitions. But no decision has been taken yet on what will happen in the current situation.' Sheikh Hasina took refuge in India after resigning as Prime Minister. Several cases have been filed against him in Bangladesh.



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India To Host World Pickleball Championship For The First-Time Ever

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India To Host World Pickleball Championship For The First-Time Ever





Achieving a milestone for Indian sports, the All India Pickleball Association (AIPA) will host the prestigious World Pickleball Championship (WPC) Series in India for the first time. Held at Mumbai from November 12th to 17th, the WPC 2024 will bring together the best pickleball talent from around the globe, following the highly successful Vietnam and Bali legs of the championship, where the Indian teams secured Gold, Silver and Bronze medals. Powered by the World Pickleball League (WPBL), the World Pickleball Championship Series, India, will witness participation of approximately 650 players from 6 – 7 countries like Australia, Vietnam, Taiwan, Poland & Singapore amongst others. The WPC is set to be a significant sporting event in India where international teams will compete in various categories, thus drawing attention from pickleball enthusiasts worldwide.

Arvind Prabhoo, President of AIPA, said “We are extremely proud to bring the World Pickleball Championship Series to India. This is not only a great opportunity for the Pickleball community to witness global talent on an Indian stage, but also a chance for us to promote the growth of the sport at all levels. We're excited to host this international level championship as well as players at our home turf, and hope to inspire people across generations & geographies to take up pickleball, both as a competitive career and a leisure activity. AIPA, along with its stakeholders, is dedicated to ensuring the success of the WPC Series in India”.

Jan Papi, Founder of Pickleball Global and WPC Series, expressed his enthusiasm saying “We are thrilled to see the World Pickleball Championship Series being held in India for the first time. India has incredible potential for the sport at all levels, and we're Eager to collaborate with AIPA to further elevate the profile of Pickleball both in India & internationally. With AIPA's initiative to bring WPC to their home, I'm looking forward to experiencing the energy and passion that India brings to this prestigious global championship.

Pickleball, which blends elements of tennis, badminton, and table tennis, is one of the fastest-growing sports globally, and India has seen an increasing number of enthusiasts embrace the game. The WPC Series promises to serve as a turning point for the development of the sport in India & beyond.

About AlPA

As the governing body of Pickleball in India, AIPA's aim is to popularize the sport in India and ensure grassroots development of the sport throughout the country. AIPA has already started its engagement & development program by identifying talented players, and providing them with training in skills, diet, physical endurance, and mental conditioning, under the watchful eyes of specialists in respective fields. Under the able leadership of the President Shri Arvind Ramesh Prabhoo, AIPA is trying to get the sport recognized by the Government and the Sports Authority of India. Mr. Sunil Valavalkar brought the game to India in 2007 and All India Pickleball Association (AIPA) was formed as a not-for-profit organization under Section 25 of the Companies Act and has been promoting the sport in India for the last 15 years. AIPA has been formally granted affiliation of the International Pickleball Federation (IPF), USA in the year 2015. It is also the founding member of Asia Federation of Pickleball, Singapore.

(Except for the headline, this story has not been edited by NDTV staff and is published from a press release)

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what hotel industries demand from upcoming budget check details Budget 2024: Hotel owners have big expectations from the budget, know what are the major demands, Business News

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what hotel industries demand from upcoming budget check details Budget 2024: Hotel owners have big expectations from the budget, know what are the major demands, Business News


Budget 2024: Hospitality sector companies want the government to provide infrastructure sector status to the hotel sector in the upcoming general budget, which will make investment in new properties more attractive. He says the hotel sector plays a vital role in the country's growth and should not be classified as 'luxury'.

Eco-friendly hotels get subsidy

Additionally, the industry wants the government to consider providing incentives in the form of tax exemptions or subsidies to the hospitality sector to adopt sustainable and eco-friendly practices. Hospitality sector companies want the government to focus on accelerating the tourism agenda in the upcoming budget as this is a big opportunity to make the hospitality sector of the country an important 'engine' of contribution to the Gross Domestic Product (GDP) and a means of employment generation. .

Also read:How will the stock market perform this week? Keep an eye on the performance of these companies

These are the main demands

“The sector is burdened with high taxation,” said KB Kachru, president of the Hotel Association of India (HAI). Apart from this, the process of licensing, approval and compliance is also very expensive. The cost of operating a hotel is very high.'' He said that for these reasons investment in hotels becomes risky.

Kachru said there is a need to make hotel investment more attractive with better investment rates and promote ease of doing business. He further said that in the upcoming general budget there should be a change in the policy of classifying hotels as luxury, exclusive or 'disadvantage' products. He said that this is an opportunity to leverage the potential of the hospitality sector to achieve the country's Vision-2047.

Kachru said HAI's key policy recommendation for the Budget is that the government give infrastructure status to the hotel sector. Expressing similar views, Puneet Chhatwal, Managing Director and Chief Executive Officer (CEO), Indian Hotels Company Limited, said, “Giving infrastructure status to the area will enable better investment. With this, the sector will be able to make a significant contribution in making the country the world's third largest economy by 2027.



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Big change in India-UAE investment agreement, relaxation in dispute settlement conditions; Investor confidence will increase: Piyush Goyal

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Big change in India-UAE investment agreement, relaxation in dispute settlement conditions; Investor confidence will increase: Piyush Goyal



India has made important changes in a recent agreement with the United Arab Emirates (UAE). Under this, the time limit for dispute resolution has been reduced from 5 years to 3 years, which is not in accordance with the terms of the Model Bilateral Investment Treaty (BIT). If the judicial system of India during this period […]



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Gold Price Today (8 October); What is the price of gold and silver today? Business News | Today, gold and silver prices fell: Gold fell by ₹ 327 to ₹ 75,606, silver became cheaper by ₹ 1,385 and was being sold at ₹ 90,555 per kg.

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Gold Price Today (8 October); What is the price of gold and silver today? Business News | Today, gold and silver prices fell: Gold fell by ₹ 327 to ₹ 75,606, silver became cheaper by ₹ 1,385 and was being sold at ₹ 90,555 per kg.


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  • Gold Price Today (8 October); What is the price of gold and silver today? Business News

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There is a fall in the prices of gold and silver today i.e. on 8th October. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 327 to Rs 75,606. Earlier its price was Rs 75,933 per ten grams.

At the same time, there is a big fall in the price of silver today. It fell by Rs 1,385 to Rs 90,555 per kg. On Monday, silver was at Rs 91,940. This year, silver has reached its all-time high of Rs 94,280 per kg on May 29.

Gold price in 4 metros and Bhopal

  • Delhi : The price of 10 grams 22 carat gold is Rs 71,150 and the price of 10 grams 24 carat gold is Rs 77,600.
  • Mumbai : The price of 10 grams 22 carat gold is Rs 71,000 and the price of 10 grams 24 carat gold is Rs 77,450.
  • Kolkata : The price of 10 grams of 22 carat gold is Rs 71,000 and the price of 10 grams of 24 carat gold is Rs 77,450.
  • Chennai : The price of 10 grams 22 carat gold is Rs 71,000 and the price of 10 grams 24 carat gold is Rs 77,450.
  • Bhopal : The price of 10 grams 22 carat gold is Rs 71,050 and the price of 10 grams 24 carat gold is Rs 77,500.

Keep these 3 things in mind while buying gold

1. Buy only certified gold

Always buy certified gold bearing the hallmark of Bureau of Indian Standards (BIS). There is a 6 digit hallmark code on gold. This is called Hallmark Unique Identification Number i.e. HUID. This number is alphanumeric i.e. something like this – AZ4524. Through hallmarking it is possible to find out how many carats a gold is.

2. Cross check the price

Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (such as the website of India Bullion and Jewelers Association). The price of gold varies according to 24 carat, 22 carat and 18 carat. 24 carat gold is considered to be the purest gold, but jewelery is not made from it because it is very soft.

3. Do not pay cash, take bill

While buying gold, it is better to make payment through UPI (like BHIM app) and digital banking instead of cash payment. If you want, you can also make payment through debit or credit card. After this don't forget to take the bill. If ordering online then definitely check the packaging.

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Budget 2024 Nirmala Sitharaman Takes Part In Pre Budget Halwa Ceremony check details Halwa Ceremony took place before the Budget, Finance Minister Nirmala Sitharaman made the officials sweet, Business News

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Budget 2024 Nirmala Sitharaman Takes Part In Pre Budget Halwa Ceremony check details Halwa Ceremony took place before the Budget, Finance Minister Nirmala Sitharaman made the officials sweet, Business News


Budget 2024: The traditional Halwa ceremony, considered the last stage of finalizing the budget document, took place on Tuesday. With this, the work of finalizing the budget document for the financial year 2024-25 has started. The budget will be presented in the Lok Sabha on July 23. Finance Minister Nirmala Sitharaman attended the function and distributed halwa as a tradition. Let us tell you that this is a function held every year in which halwa is prepared and served to the officers and employees of the Finance Ministry who are involved in the preparation of the budget.

What did the Finance Ministry say?

This function is organized in the 'Basement' of North Block, Delhi. The printing press is right here. The Finance Ministry is located in North Block itself. The Finance Minister and other high ranking officials participated in it. The Finance Ministry wrote on Twitter, “The final phase of the budget preparation process for the Union Budget 2024-25 began here with the traditional Halwa ceremony in the presence of Finance Minister Nirmala Sitharaman.” During this, the Finance Minister visited the budget press. Also did this and reviewed the preparations besides conveying good wishes to the concerned officials. Like the last three full Union Budgets and the interim budget, the Budget 2024-25 will also be paperless, i.e. in digital form. All Union Budget documents including the Annual Financial Statement (known as the Budget), Demands for Grants, Finance Bills etc. will be available on the 'Union Budget Mobile App'.

what are the details

Apart from Sitharaman, Minister of State for Finance Pankaj Choudhary and Finance Secretary TV Somanathan, Economic Affairs Secretary Ajay Seth and Financial Services Secretary Vivek Joshi, other senior officials were present at the ceremony. Actually, the 'Halwa' ceremony is the process of 'separating' the officers and employees of the Finance Ministry involved in the preparation of the Central Government Budget. That means they are completely isolated from the outside world. These officers and employees stay in the 'basement' of North Block till the budget is presented in the Parliament. Where complete confidentiality is maintained. They come out only after the Finance Minister completes his budget speech in the Lok Sabha.



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