The stock market is making new history every day due to the rapid return of economic activities after Corona, due to increasing demand in both urban and rural areas and increasing investor confidence in the economy.
On Tuesday, BSE's 20-share sensitive index Sensex crossed the level of 62 thousand as soon as it opened. At the time of writing, it was at an all-time high of 62159.78 points. During this, the Nifty of the National Stock Exchange (NSE) also opened at 18604.45 points.
The Sensex was at 61305.95 points on Thursday, the last trading day of the last week. Friday was a holiday on the occasion of Dussehra. So Monday was the first trading day and today is the second day. In these two days, the Sensex has reached 62 thousand points from 61 thousand points. During this Nifty also crossed the level of 18600 mark.
SBI fined 1 crore, know what is the reason...
The Reserve Bank of India has imposed heavy fines on State Bank of India (SBI) and Standard Chartered Bank, taking strict action. State Bank has been fined Rs 1 crore and Standard Chartered Bank has been fined Rs 1.95 crore.
In a statement, the Reserve Bank said that SBI has been fined for non-compliance with the directions given in the Reserve Bank of India Directions 2016. According to the Reserve Bank, in the case of a customer account, the complaint was found to be true that State Bank had delayed reporting the fraud.
The Reserve Bank said that Standard Chartered Bank will be fined for violation of guidelines such as Customer Protection-Limiting Liability of Customers in Authorized Banking Transactions, Cyber Security Frameworks in Banks, Credit Card Operations of Banks and Code of Conduct in Outsourcing of Financial Services by Banks. has been applied.
New record for Sensex and Nifty in stock market for 7th consecutive day
Mumbai. The bullish trend in the stock markets continued for the seventh consecutive trading session on Monday. The Sensex rose by 460 points to an all-time high on strong buying in banks, information technology and metal stocks.
This is its new record. However, there was a trend of profit-booking in the shares of pharma and auto companies.
This is its new record. During trading, it went up to its all-time high of 18,543.15 points.
Shares of Tech Mahindra, Tata Steel, ICICI Bank, ITC, Maruti, SBI and Axis Bank were also gainers. On the other hand, HCL Tech, Mahindra & Mahindra, Dr Reddy's, Asian Paints, Bajaj Auto, HDFC Bank and Bharti Airtel declined.
Narendra Solanki, Head of Equity Research (Basic), Anand Rathi Shares & Stock Brokers, said preliminary data suggests that the Indian economy is now on a revival path. This has kept the market sentiment strong.
BSE Midcap and Smallcap gained up to 0.95 per cent. In other Asian markets, China's Shanghai Composite, South Korea's Kospi and Japan's Nikkei declined.
The Reserve Bank had sent notices to both the banks and sought answers.
On this both the banks could not give proper reply and they were fined.
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