Indian equity indices eased after opening at higher levels on Thursday due to mixed cues from the global markets.

At 9.48 a.m., Sensex was up 31 points or 0.04 per cent at 82,374 and Nifty was up 13 points or 0.05 per cent at 25,212.

Market sentiments remained positive. On the National Stock Exchange (NSE) 1,738 shares were in the green and 521 shares in the red.

Buying is seen in the midcap and smallcap stocks. Nifty midcap 100 index is up 252 points or 0.43 per cent at 59,475 and the Nifty smallcap 100 index is up 258 points or 1.34 per cent at 19,580.

Indian equity indices closed in the red on Wednesday due to negative global sentiments.

At closing, Sensex was down 202 points, or 0.25 per cent, at 82,352 and Nifty was down 81 points, or 0.32 per cent, at 25,198.

The biggest impact of the decline was seen in banking and IT stocks.

Nifty Bank closed at 51,400, down 288 points or 0.56 per cent, and Nifty IT closed at 42,450, down 400 points or 0.94 per cent.

Apart from this, Auto, PSU Bank, fin service, metal and energy indices were major losers. Pharma, FMCG, realty and media indices closed in the green.

The Centre on Wednesday approved the Centralised Pension Payments System (CPPS) that will benefit more than 78 lakh people under the Employee Pension Scheme (EPS), which is part of the Employees' Provident Fund Organisation (EPFO).

Dr Mansukh Mandaviya, Union Minister of Labour and Employment, said that EPS pensioners can get pension from any bank, any branch, anywhere in India from January 1, 2025.

According to the ministry, there will also be no need for pensioners to visit the branch for any verification at the time of commencement of pension and the pension shall be immediately credited upon release.

In addition, EPFO expects a significant cost reduction in pension disbursement after moving to the new system.

“The approval of CPPS marks a significant milestone in modernisation of the EPFO. By enabling pensioners to receive their pensions from any bank, any branch, anywhere in the country, this initiative addresses the long-standing challenges faced by pensioners and ensures a seamless and efficient disbursement mechanism,” said the minister.

Indian equity indices opened lower on Wednesday following weak global cues from US and Asian markets.

At 9:43 a.m., Sensex was down 553 points or 0.67 per cent at 81,998 and Nifty was down 180 points or 0.70 per cent at 25,099.

Banking and IT stocks lead the fall. Nifty Bank was at 51,272, down by 416 points or 0.81 per cent. Nifty IT was at 42,202, down by 648 points or 1.50 per cent.

Auto, PSU Bank, fin service, metal, energy, pse, infra and realty were the other major laggards.

The Indian economy continues to grow at a healthy pace despite challenging global conditions, a World Bank report said on Tuesday, adding that the country's medium-term outlook remains positive.

Amid tough external conditions, the country remains the fastest-growing major economy and grew at a rapid pace of 8.2 percent in FY23/FY24.

Growth is forecast to reach 7 per cent in FY24/FY25 and remain strong in FY25/FY26 and FY26/FY27, said the World Bank.

With robust revenue growth and further fiscal consolidation, the debt-to-GDP ratio is projected to decline from 83.9 per cent in FY23/24 to 82 per cent by FY26/27. the current account deficit is expected to remain at around 1-1.6 per cent of GDP up to FY26/FY27, according to the World Bank’s latest India Development Update (IDU).

Indian equity indices were trading flat on Tuesday following mixed sentiments in the markets.

At 9:51 a.m., Sensex was down 76 points or 0.09 per cent at 82,483 and Nifty was down 17 points or 0.07 per cent at 25,261.

The broader market trend remains positive. On the Bombay Stock Exchange (BSE), 2039 shares were trading in the green, 829 shares in the red, while 128 shares did not see any change.

Midcap and smallcap stocks were performing better compared to largecaps. The Nifty Midcap 100 index was at 59,382, up 229 points or 0.39 per cent, and the Nifty Smallcap 100 index was at 19,359, up 116 points or 0.60 per cent.

The eShram portal, launched by the government to support unorganised workers across the country, has crossed 30 crore registrations in just three years of its launch.

The integration of social security schemes on eShram will help in saturation of schemes and access of schemes to eligible eShram workers.

According to the Union Budget 2024-25, a comprehensive integration of eShram portal with other government websites will facilitate a ‘One-Stop-Solution’.

Launched on August 26, 2021, the initiative aims to facilitate access of various social security schemes being implemented by different ministries and departments to unorganised workers through the eShram portal.

Indian equity indices closed at a record high on Monday following a positive sentiment in the market.

At closing, the Sensex was up 194 points or 0.24 per cent at 82,559 and Nifty was up 42 points or 0.17 per cent at 25,278.

During the trading session, the Sensex and Nifty both made a new all-time high of 82,725 and 25,333 respectively.

The broader market trend was negative on Monday.

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Monday approved the proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat, with an investment of Rs 3,300 crore.

The proposed unit, under the India Semiconductor Mission (ISM), will produce nearly 60 lakh chips per day. The chips produced in this unit will cater to a wide variety of applications which include segments such as industrial, automotive, electric vehicles, consumer electronics, telecom and mobile phones, etc.

According to PM Modi, the country has the potential to fulfil the dream of developing a ‘Made in India’ chip for every piece of equipment. The first indigenously-developed chip is set to arrive in the country by the end of this year.

The Indian Navy's P-8I aircraft has touched down at Air Base 125 Istres-Le Tube in France marking its first-ever deployment in Europe where it will participate in the 22nd edition of 'Exercise Varuna', said officials here.

The 2024 edition of Indo-French Bilateral Naval Exercise 'Varuna' is starting on Monday and will continue till September 4.

Exercise Varuna will take place in the Mediterranean Sea and includes advanced tactical exercises underscoring the deepening synergy and interoperability between the two navies.