Stunning Surge: Nifty 50 Rockets 19% in 2024, Moody’s Boosts India’s Growth Prospects, and Rahul Gandhi Weighs in on F&O Trading
Top News Today – September 24
Moody’s Upgrades India’s Growth Forecast for 2024
Moody’s has revised its forecast for India’s calendar year (CY) 2024 growth to 7.1%, up from 6.8% estimated in June. The rating agency expects the Asia-Pacific region to grow faster than the global economy. However, the growth forecast for India in CY 2025 remains unchanged at 6.5%.
Rahul Gandhi Urges SEBI to Expose Profiteering ‘Big Players’
Senior Congress leader Rahul Gandhi has called on the Securities and Exchange Board of India (SEBI) to disclose the big players profiting at the expense of small investors amid "uncontrolled" Futures and Options (F&O) trading. Gandhi claims small investors have lost as much as ₹1.8 lakh crore over the past three years.
Nifty 50 Nears 26,000 Mark and Set to Surpass 2023 Gains
The Nifty 50 index has achieved record highs over 50 times in the past nine months, with the latest milestone pushing it to 25,981. The index has gained 19.36% in 2024, close to surpassing the total gain of 20% registered in 2023, fueled by strong Foreign Portfolio Investor (FPI) inflows.
SEBI to Crack Down on Circulators of Fake News in Market
SEBI has issued a master circular on securities market surveillance, dated September 23, targeting intermediaries spreading unauthenticated news via various communication channels including social media.
PM Modi Concludes ‘Fruitful’ US Visit
Prime Minister Narendra Modi has concluded a three-day visit to the United States. Sharing highlights of his trip on social media platform X, formerly Twitter, Modi described the visit as fruitful and focused on diverse programmes aimed at global betterment.
Siddaramaiah Calls MUDA Case a ‘Sham’ After High Court Ruling
Karnataka Chief Minister Siddaramaiah has labeled the Mysore Urban Development Authority (MUDA) land allotment case a ‘sham.’ This comes after the Karnataka High Court rejected his plea challenging an investigation against him. Siddaramaiah stated he would consult legal experts on the investigation’s legality.
#MeToo Scandal: CPI(M) MLA M Mukesh Arrested and Released on Bail
Malayalam actor and CPI(M) MLA M Mukesh was arrested by a special investigation team in connection with sexual assault allegations but was released on bail. Mukesh had secured anticipatory bail earlier in September.
This digest covers key developments from politics to markets, highlighting India’s revised growth forecast, stock market records, and significant political and judicial events.
Original Story https://www.livemint.com/news/top-news-on-sept-24-nifty-50-rises-19-in-2024-moody-s-revises-india-s-growth-forecast-rahul-gandhi-on-f-o-trading-11727187567574.html
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