ESN News 18

Infrastructure, IT, Real Estate and more: Navigating profitable sectors in 2024. The Indian Economy is set to record 6.5% growth in the financial year 2024, according to the assumptions of S&P Global. September's data showed that the Indian economy stretched 7.6% year on year. If India continues to grow like this then India can surpass China's growth % of less than 5% in the upcoming year. The current standing and projected growth of the Indian economy position India as a lucrative hub for foreign investment. On that note, Let's take a look at how 2024 can be for the Indian Market and which sectors can be more profitable this year. A quick look at how 2023 has been for the Indian Stock Market The Bombay Stock Exchange Sensex index marked an all-time high in September. It was 75,057 and the market may touch the 75,000 mark by the end of this FY 2024. This assumption comes after a dip of 3% underscoring the market's resilience. Notably, the benchmark index Nifty soare

Following PM Narendra Modi's recent visit to Lakshadweep, a social media post by a Maldives Minister has sparked a controversy. PM Narendra Modi went to Lakshadweep last week and shared his thrilling experience of the islands in the Arabian Sea. Maldives minister Abdulla Mahzoom Majid claims India is trying to shift the focus from Maldives by promoting Lakshadweep as another interesting tourist spot. He thought that India is boosting the tourism to Indian Islands only. Maldives Minister went on to remark that India is facing challenges in competing with Maldives and that their beach is far more attractive than Lakshadweep. This row comes after President Mohammad Muizzu's ascent to power in Government power in November last year. Mohammad Muizzu is a coalition of the PPM (Progressive Party of Maldives) and the PNC (People's National Congress), which is considered pro-China and anti-India. Former President Ibrahim Mohamed Solih had wonderful relations with New Delhi and bilat

SEBI bans naked short-selling, and no institutional investor shall be allowed to do day trading - Provided by Business Today The SEBI (Securities and Exchange Board of India) on Friday said that investors across all categories will not be allowed for naked short selling will not be permitted, but will be allowed for short selling. SEBI also stated that all stocks that trade in options and futures segments are eligible for short selling. All investors will be required to honor their obligation of delivering the securities at the time of settlement. The officials of SEBI said that no institutional Institute will be allowed to do any day trading or square off their transactions intra-day. SEBI said on the Market regulator's framework on short selling and securities borrowing and lending scheme. Short selling means selling a stock that the owner does not own at the time of trade. Securities and Exchange Board of India may review the stocks that are eligible for short selling from time