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The 30-share BSE Sensex climbed 275.62 points or 0.42 per cent to settle at 65,930.77. During the day, it jumped 427.21 points or 0.65 per cent to 66,082.36. The broader Nifty went up by 89.40 points or 0.45 per cent to 19,783.40. Among the Sensex firms, JSW Steel, Titan, Tata Steel, Sun Pharma, Reliance Industries, Bharti Airtel, Tata Motors and HDFC Bank were the biggest gainers. NTPC, Tech Mahindra, Maruti, State Bank of India and Larsen & Toubro were among the laggards.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sAWapOz
The 30-share BSE Sensex climbed 268.31 points to 65,923.46 in early trade. The Nifty went up by 85.1 points to 19,779.10. Among the Sensex firms, JSW Steel, Tata Steel, Titan, Reliance Industries, HDFC Bank and Infosys were the biggest gainers. arsen & Toubro, Maruti, Nestle and Hindustan Unilever were among the laggards. The US markets ended in the positive territory on Monday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 645.72 crore on Monday, according to exchange data.
HSBC is set to expand its China wealth business by increasing its headcount to 3,000 by 2025. The bank has already recruited 1,500 wealth managers in China since 2011 and plans to continue hiring despite the country's economic challenges. This expansion aligns with HSBC's digital-focused "Pinnacle" strategy and its commitment to investing $3.5 billion in the Asian region in 2021. The bank estimates that China's household wealth will increase by 8.5% annually from 2022 onwards.
Indians doubled their average monthly remittances allocated to deposits in foreign banks and investments in debt and equity instruments overseas in September 2023. This trend coincided with the October 1 deadline for implementing government’s directive to collect higher tax at the source from individuals remitting funds overseas. According to data released by RBI, the total money sent abroad in September 2023 was $3.5 billion — a 30% increase compared to $2.7 billion in the year-ago period.
