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Sensex Jumps Over 550 Points, Nifty Touches at 10,150 Amid Gains Across Sectors!!

Domestic stock markets started Wednesday’s session on a positive note, with the benchmark Nifty 50 index opening above the key 10,000 mark, extending gains to the sixth session in a row. The S&P BSE Sensex index climbed up as much as 1.77 % – or 597.18 points – to 34,422.71 in the first few minutes of trade, after opening up 359.88 points at 34,185.41. The broader  Nifty index spiked to high as 10,159.35, up 180.25 points from the previous close, having started the day at 10,108.30. Gains across sectors – led…

Government Launches Rs 50,000 Crore Plan To Boost Electronics Manufacturing!!

Government launched Rs 50,000 crore plan on Tuesday to boost electronics manufacturing in the country, saying it would be start by offering 5-global smartphone makers incentives to establish or expand domestic production in India. The government is offering a Production-Linked Incentive (PLI) involving cash worth 4% to 6% of additional sales of goods made locally over five years, with 2019-2020 as the base year, Union Minister Ravi Shankar Prasad  told in  a news conference. Names of the top five companies, which would have to meet investment and sales thresholds to be…