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- Federal Reserve May Cut Interest Rates, Market Fell After Making All time High
New Delhi6 minutes ago
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Yesterday’s big news was related to the NPS Vatsalya Scheme. Union Finance Minister Nirmala Sitharaman launched the NPS Vatsalya Scheme in Delhi on Wednesday (September 18). The Finance Minister had announced this scheme while presenting Budget 2024.
At the same time, before the important meeting of the US Federal Reserve, the Sensex made a new all-time high of 83,326 and the Nifty of 25,482 on Wednesday. However, the market later declined and the Sensex closed at 82,948 with a decline of 131 points.
Before the big news of L, today’s major events, which will be in focus…
- There may be a rise in the stock market today on Thursday.
- There has been no change in the prices of petrol and diesel.
Now read yesterday’s big news…
1. NPS ‘Vatsalya’ scheme starts today: Finance Minister launches online platform, parents can invest for financial security of children
Union Finance Minister Nirmala Sitharaman on Wednesday (September 18) launched the NPS Vatsalya Scheme in Delhi. The Finance Minister had announced this scheme while presenting Budget 2024.
NPS Vatsalya will help ensure financial security of children when they grow up. Parents can invest in this scheme on behalf of children. When the child becomes an adult, the account will be converted into regular NPS. The child will be able to operate it himself.
Click here to read the full news…
2. Federal Reserve may cut interest rates: Last reduced in March 2020, increased 11 times between March 22 and July 23
The US Federal Reserve may cut interest rates. Earlier in March 2020, the Fed had cut interest rates. To control inflation, the US Central Bank had increased interest rates 11 times between March 2022 and July 2023.
Last year, the Federal Reserve kept interest rates unchanged for the third consecutive time in its policy decision. On July 26, 2023, the Fed kept the policy rate unchanged in the range of 5.25%-5.5% as per market expectations.
Click here to read the full news…
3. Market fell after making all-time high: Sensex closed down 131 points at 82,948, Nifty also fell 41 points
Ahead of the important meeting of the US Federal Reserve, the Sensex made a new all-time high of 83,326 and the Nifty of 25,482 on Wednesday (September 18).
However, the market later declined and the Sensex closed at 82,948 with a decline of 131 points. At the same time, Nifty also declined by 41 points, it closed at 25,377.
Out of the 30 Sensex stocks, 19 fell and 11 rose. Out of the 50 Nifty stocks, 33 fell and 17 rose.
Click here to read the full news…
4. ZEE will challenge Disney’s Star India’s claim: Star filed a case against Zee to compensate for losses of about Rs 8 thousand crores
Zee Entertainment Enterprises Limited (ZEEL) said in an exchange filing today on September 18 that it will challenge the claim of Disney-owned Star India and secure its rights. Star India has filed a case against Zee for damages of $ 940 million (about Rs 8 thousand crores).
Now Zee Entertainment has called these claims of Star India baseless. Talking about the shares, the shares of Zee Entertainment closed today with a decline of 1.35% at Rs 131.25. Intra-day it had fallen to the price of Rs 131.00.
Click here to read the full news…
5. 35 lakh weddings will take place in India from November to mid-December: Rs 4.25 lakh crore is estimated to be spent, 32 lakh weddings took place in the same period in 2023
In India, Rs 4.25 lakh crore is estimated to be spent on 35 lakh weddings between November and mid-December. This information has been given in the report of PL Capital-Prabhudas Lilladher. It has been told that during the same period in 2023, 32 lakh weddings took place.
The report titled ‘Band Baaja Baaraat and Markets’ said the reduction in import duty on gold in the July Budget would lead to big spending during the festival and wedding season.
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6. Container manufacturing company Tupperware will go bankrupt: Company filed for bankruptcy, shares fell 56.04% in 5 days
Tupperware Brands Corp, a maker of kitchen and home containers, has filed for bankruptcy after struggling for several years with declining global sales and rising competition.
The company has filed for Chapter 11 bankruptcy protection, which allows businesses to reorganize their debts and assets to continue operating. Tupperware said in a court filing that its assets are worth between $500 million and $1 billion.
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7. Updated 2024 Tata Punch launched, prices start at ₹6.13 lakh: SUV now gets 10.25-inch touchscreen and wireless phone charger, competes with Hyundai Xcent
Tata Motors has launched the updated Tata Punch in India. The company has updated the feature list of the compact SUV. Now features like 10.25-inch touchscreen and wireless phone charger have been included in the car. Apart from this, the company has added some new variants to the Punch variant lineup. At the same time, some variants have been discontinued. However, its exterior and interior design remains the same as before.
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8. Honda recalled 300cc and 350cc bikes: Recalled due to defects in wheel speed sensor and camshaft, company will replace the parts for free
Honda Motorcycle and Scooter India (HMSI) has recalled 300cc and 350cc bikes in its lineup due to technical problems. The company’s recall includes 5 models.
The company told the market regulator that these motorcycles have been recalled to fix problems in wheel speed sensors and camshafts. However, the company has not disclosed their number.
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Now read the news of your need…
Flexi-cap funds gave 59% return in 1 year: Investing in it is a bit risky, know here how right it is to invest in it
Many people are turning to the stock market to get higher returns than fixed deposits. But if you have less knowledge about the stock market, then you can invest in mutual funds. You can earn good profits by investing in flexi-cap funds of mutual funds. This category has given a return of up to 59% in the last 1 year. Today we are telling you about flexi cap funds.
Click here to read the full news…
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