BSE shares fall 9% after NSE shifts all expiry dates to Monday
Shares of the Bombay Stock Exchange Ltd. (BSE) fell as much as 9% on Wednesday, March 5, after the National Stock Exchange made changes to the day of the expiry of its weekly and monthly contracts.
NSE announced on Tuesday evening the Nifty weekly contracts, which currently expire on Thursday, will now expire on Monday every week.
The Monthly, Quarterly and Half Yearly contracts, the Nifty Bank monthly and quarterly contracts, and the Financial Services, Nifty Midcap and Nifty Next 50 Monthly Contracts, which expire on the last Thursday of every month, will now expire on the last Monday helps. The circular will come into effect on April 4. BSE currently has its expiry on Tuesday.
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Donald Trump Live Updates: Calls for ‘golden age of America’ in first Congress address since return
In his first address to the US Congress since reclaiming the presidency, Donald Trump wasted no time in making a striking declaration—his administration has “accomplished more in 43 days than most administrations accomplish in 4 years or 8 years.”Setting the tone for his renewed leadership, Trump called the “American dream unstoppable” and highlighted what he sees as key achievements in his first six weeks back in office.
Reaffirming his commitment to reshaping the US government and ending the Ukraine war, Trump underscored economic revival as a top priority. “Among my very highest priorities is to rescue our economy and offer relief for working families,” he said, while placing the blame for economic turmoil squarely on his predecessor. He accused the Biden administration of leaving behind an “economic catastrophe and an inflation nightmare.”
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Top highlights from China’s plan to stimulate economy in the Trump era
The annual meetings of the top legislature and the top advisory body – together known as the “two sessions” – in Beijing took place amidst a tariff war with Donald Trump’s US. Check out the big announcements made by the country’s Premier Li Qiang today.
Chinese Premier Li Qiang revealed Beijing’s targets and the action plan to hit the 5% target for economic growth third year in a row. Aside from the promised spending to boost consumer demand, defence, and housing, some of the big highlights included the end of ‘illegal investigations against the private sector that hurt the business sentiment in recent years.
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Farmers protest in Chandigarh: 2,000 cops deployed, 18 entry points sealed, traffic jams on national highway
Farmers in Punjab have announced an indefinite protest in Chandigarh starting from Wednesday, March 5, and are organising a tractor march. In response, Chandigarh Police have sealed 18 entry points and deployed a heavy police force at the capital’s border. Around 2,000 police personnel, including all DSPs and SHOs from seven areas, have been stationed at these points.
Authorities have announced that tractors and trolleys will not be allowed to enter Chandigarh. Senior officials have briefed police officers on enforcement, News18 Hindi reported. The protest has caused traffic jams, especially on the Chandigarh-Delhi National Highway. Police barricades at the Zirakpur entry point have led to long traffic delays, and vehicle checks are being conducted. A meeting between Chandigarh and Punjab police officers has been held to discuss stopping the protesters. Residents of Mohali, especially office workers, are facing difficulties in entering Chandigarh.
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Google co-founder Sergey Brin asks employees to work at least 60 hours a week from office
Google is facing strong competition from OpenAI, Meta, Elon Musk’s xAI, and China’s DeepSeek. Because of this, Google co-founder Sergey Brin has asked employees to work at least 60 hours a week from the office. He directed this message especially to employees working on Google’s AI model and app lineup, Gemini.
Brin said the competition is intense, and the race for AGI has begun. He believes Google has what it takes to win but needs to put in more effort. According to his message, employees must work 12 hours a day on weekdays. He also criticised some employees, saying that many work less than 60 hours a week. He called this group unproductive and said it affects the morale of others.
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Elon Musk claims AI chatbot Grok correctly predicted all Oscar winners
Elon Musk has made a bold assertion about his AI chatbot, Grok, claiming it successfully predicted all the winners at this year’s Academy Awards, including Best Picture, Best Director, and Best Actress. According to Musk, Grok foresaw Anora dominating the night, with Sean Baker winning Best Director and Mikey Madison taking home Best Actress.
Musk has long championed AI’s predictive capabilities, and in one of his past seminars, he remarked, “Probably the right metric for intelligence is the ability to predict the future.” While he made this statement long before the Oscars, he now suggests that Grok’s accurate predictions reinforce his belief in AI’s ability to foresee outcomes.
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Indian government cuts import tariff prices of gold and silver
The government has slashed the import tariff price of gold by $11 per 10 grams, bringing it down to $927 per 10 grams. The move comes amidst ongoing selling pressure on the yellow metal, largely driven by a rebound in the dollar index and profit-taking.
The import tariff price of gold refers to the base price set by the government for calculating the duty levied on gold imported into the country. This price is periodically reviewed and adjusted based on market dynamics, including factors like the dollar index and global gold prices.Along with gold, the import tariff price of silver has also been slashed by $18 per kilogram, bringing the new price to $1,025 per kilogram. This is the second price revision for silver in recent weeks; earlier in February, the government had raised the base import price by $42 per kilogram.
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Check out India’s first IPO-focused ETF and FoF: Should you invest?
Mirae Asset Investment Managers (India) has recently launched the Mirae Asset BSE Select IPO ETF and Fund of Fund (FoF), offering investors an opportunity to gain diversified exposure to newly listed companies.
While the new fund offer (NFO) for Mirae Asset BSE Select IPO ETF is open until March 5, 2025, the NFO for Mirae Asset BSE Select IPO ETF Fund of Fund will be there till March 11, 2025.
Rationale behind the fund
Siddharth Srivastava, Head of ETF Product & Fund Manager at Mirae Asset Investment Managers (India), explained the fund’s objective: “IPOs and spin-offs attract investors looking to participate in new companies with reasonable growth potential. However, these investments come with inherent risks. A portfolio approach can help mitigate these risks and provide a structured way to invest in new listings.”
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Zepto CEO refutes Deepinder Goyal’s claim on losses, calls it ‘verifiably untrue’
Zepto co-founder and CEO Aadit Palicha has refuted a claim made by Zomato CEO Deepinder Goyal regarding the financial losses of quick commerce firms.
In a LinkedIn post on Tuesday, Palicha called an estimate attributed to Goyal “verifiably untrue” and assured that Zepto’s financial statements would clarify the matter when made public.The disagreement stems from a report in The Economic Times, in which Goyal estimated that quick commerce firms collectively burn around ₹5,000 crore per quarter. He further suggested that “substantially more than half” of this was attributed to Zepto
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