Stock Market LIVE: Nifty, Sensex Extend Losses; Apollo Hospitals And Ola Electric Shares Fall
SBI Life Insurance Co, HCLTech, and Hero MotoCorp shares were top losers in the NSE Nifty 50 index.
KEY HIGHLIGHTS
India Has All Ingredients To Become A Global AI Leader: OpenAI CEO Sam Altman
India has all the ingredients to become a global AI leader—tech talent, a "world-class" developer ecosystem, and strong government support through the IndiaAI Mission, said OpenAI CEO Sam Altman as the company is all set to open its first office in India.
OpenAI is set to open a corporate office in the Indian capital of New Delhi in a few months, establishing a formal presence in a key growth market.
IDBI Bank Shares Down On Profit Booking After 9% Rally
IDBI Bank Ltd. share price traded lower during the early session on Friday as investors booked profits after a four-day rally of over 9%.
The stock slipped as much as 2.85% to Rs 94.8 apiece on the NSE. The relative strength index was 69. The total traded volume.
Scrapping GST Without ITC Will Push Insurance Prices Higher By 6–10%: Macquarie
A proposed move by the Group of Ministers deliberating on GST reforms, touted as GST 2.0, regarding scrapping the entire 18% tax paid by insurance policyholders, can in fact, increase the premium by 6-10%.
Macquarie explains that the reduction in the Goods and Services Tax on life and health insurance premiums could backfire if not accompanied by input tax credit (ITC) provisions.
Stock Market LIVE: Vedanta Share Price Falls
Vedanta Ltd. share price declined in Friday's session as the board determined Rs 16 interim dividend. The stock fell as much as 0.51% to Rs 444.60 apiece.
Sectoral Performance At Open: Nifty Defence Outperforms
On National Stock Exchange, nine sectoral indices outperformed, four declined, and two remained flat out of 15.
