Nifty Hits All-Time High After Upbeat Growth Data, Sensex Up 300 Points

Nifty hit a fresh record high on Friday, as faster-than-expected economic growth in the September-quarter added to optimism over the global interest rate outlook.

The NSE Nifty 50 index rose as much as 0.52% to 20,238.45, a new record high, while the S&P BSE Sensex was up 0.44% at 67,286.16, as of 9.35 am.

The Indian economy expanded 7.6% in the September-quarter, faster than the 6.8% forecast in a Reuters poll of economists and the Reserve Bank of India's estimate of 6.5%, led by manufacturing growth.

"India's growth outlook remains positive, with various capex initiatives of the government likely to trigger consumption at the bottom of the pyramid," Pramod Gubbi, founder of Marcellus Investment Management, said.

The expectation that we are at the peak of the interest rate cycle in the US has facilitated the move of flows towards more risky assets like emerging equities, especially India, Gubbi added.

Nifty and Sensex posted their best month in 2023 in November, aided by the return on foreign portfolio investor (FPI) inflows.

FPIs snapped a two-month selling streak in November, adding stocks worth 90 billion rupees ($1.1 billion).

Wall Street equity indexes rose overnight, with the Dow Jones Industrial Average clocking its best month since October 2022, after consumer spending data signalled cooling demand, boosting the rate outlook.

Meanwhile, exit polls for state elections showed a narrow advantage for Bharatiya Janata Party in the key states of Rajasthan and Madhya Pradesh, while the Congress is seen to be leading in Chhattisgarh and Telangana.

"A decisive BJP win will reinforce consensus that the party is on the front-foot for 2024 general elections and likely add another leg of rally to markets," said three analysts led by Madhavi Arora, lead economist at Emkay Global Financial Services.

India's general elections are due early next year.

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GDP Grew By 7.6% In Q2 Compared To 7.8% In Q1

India's economy grew 7.6 per cent in the September quarter as against 6.2 per cent in the year-ago period, according to official data released on Thursday.

India remains the fastest-growing major economy, as China's GDP growth in the July-September quarter this year was 4.9 per cent.

As per the National Statistical Office (NSO) data, the GVA (Gross Value Added) of the agriculture sector recorded a 1.2 per cent growth, down from 2.5 per cent in the July-September quarter of 2022-23.

The GVA growth of the manufacturing sector accelerated to 13.9 per cent in the second quarter of the current fiscal against a decline of 3.8 per cent a year ago.

The growth in Gross Domestic Product (GDP) during the April-September period in 2023-24 stood at 7.7 per cent compared to 9.5 per cent in the first half of the last financial year.

The GDP growth in the first quarter of the current fiscal remained unchanged at 7.8 per cent.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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GDP Grew By 7.6% In Q2 Compared To 7.8% In Q1

India's economy grew 7.6 per cent in the September quarter as against 6.2 per cent in the year-ago period, according to official data released on Thursday.

India remains the fastest-growing major economy, as China's GDP growth in the July-September quarter this year was 4.9 per cent.

As per the National Statistical Office (NSO) data, the GVA (Gross Value Added) of the agriculture sector recorded a 1.2 per cent growth, down from 2.5 per cent in the July-September quarter of 2022-23.

The GVA growth of the manufacturing sector accelerated to 13.9 per cent in the second quarter of the current fiscal against a decline of 3.8 per cent a year ago.

The growth in Gross Domestic Product (GDP) during the April-September period in 2023-24 stood at 7.7 per cent compared to 9.5 per cent in the first half of the last financial year.

The GDP growth in the first quarter of the current fiscal remained unchanged at 7.8 per cent.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Nandan Nilekani, Nikhil Kamath On Forbes Asia Heroes Of Philanthropy List

Nandan Nilekani, co-founder of Infosys, KP Singh, chairman emeritus at DLF, and Nikhil Kamath, co-founder of Zerodha, have been named on the 17th edition of Forbes Asia's Heroes of Philanthropy list released today.

The unranked list "highlights business leaders who are donating from their fortunes and giving personal time and attention to their select causes", Forbes said in a press release.

The annual list, which spotlights 15 philanthropists, does not include corporate philanthropy except for privately-held companies where the individual is a majority owner.

Nandan Nilekani, co-founder and chairman of tech giant Infosys, have made it to the list for donating Rs 3.2 billion (USD 38 million) to his alma mater IIT Bombay in June, Forbes said, adding that the gift will be made over a period of five years.

This was to mark his 50-year association with the technology institute, where he studied electrical engineering as an undergraduate.

Since 1999, Mr Nilekani has given Rs 4 billion in total to the institute. In the past year, he donated an additional Rs 1.6 billion to educational causes.

Mr Singh, who stepped down as chairman of DLF in 2020, in August divested his remaining direct stake in the real estate firm to fund philanthropic causes, Forbes said citing the company.

He garnered Rs 7.3 billion from the disposal of his 0.59 per cent shareholding in the Delhi-based property developer.

The 92-year-old Singh, who has an estimated fortune of USD 14 billion, splits his time between London and Dubai.

After previously setting up the K.P. Singh Foundation Trust and the KP Singh Charitable Foundation Trust, Singh launched the KP Singh Foundation in 2020.

Mr Kamath, who made it into the Forbes' philanthropy list, joined the Giving Pledge initiative in June.

In his pledge letter, the 37-year-old co-founder of discount broking firm Zerodha, wrote he is mainly interested in climate change, energy, education, and health as well as the foundation's mission to create a more equitable society.

Mr Kamath's YouTube podcast series 'WTF is' has been giving away up to Rs 10 million (USD 120,000) -- contributed by Kamath and business leaders who are guests on his show -- to a charity picked by audience members, Forbes said.

Mr Kamath, who has an estimated net worth of USD 1.1 billion, plans to increase episode donations to Rs 40 million, it added.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Nandan Nilekani, Nikhil Kamath On Forbes Asia Heroes Of Philanthropy List

Nandan Nilekani, co-founder of Infosys, KP Singh, chairman emeritus at DLF, and Nikhil Kamath, co-founder of Zerodha, have been named on the 17th edition of Forbes Asia's Heroes of Philanthropy list released today.

The unranked list "highlights business leaders who are donating from their fortunes and giving personal time and attention to their select causes", Forbes said in a press release.

The annual list, which spotlights 15 philanthropists, does not include corporate philanthropy except for privately-held companies where the individual is a majority owner.

Nandan Nilekani, co-founder and chairman of tech giant Infosys, have made it to the list for donating Rs 3.2 billion (USD 38 million) to his alma mater IIT Bombay in June, Forbes said, adding that the gift will be made over a period of five years.

This was to mark his 50-year association with the technology institute, where he studied electrical engineering as an undergraduate.

Since 1999, Mr Nilekani has given Rs 4 billion in total to the institute. In the past year, he donated an additional Rs 1.6 billion to educational causes.

Mr Singh, who stepped down as chairman of DLF in 2020, in August divested his remaining direct stake in the real estate firm to fund philanthropic causes, Forbes said citing the company.

He garnered Rs 7.3 billion from the disposal of his 0.59 per cent shareholding in the Delhi-based property developer.

The 92-year-old Singh, who has an estimated fortune of USD 14 billion, splits his time between London and Dubai.

After previously setting up the K.P. Singh Foundation Trust and the KP Singh Charitable Foundation Trust, Singh launched the KP Singh Foundation in 2020.

Mr Kamath, who made it into the Forbes' philanthropy list, joined the Giving Pledge initiative in June.

In his pledge letter, the 37-year-old co-founder of discount broking firm Zerodha, wrote he is mainly interested in climate change, energy, education, and health as well as the foundation's mission to create a more equitable society.

Mr Kamath's YouTube podcast series 'WTF is' has been giving away up to Rs 10 million (USD 120,000) -- contributed by Kamath and business leaders who are guests on his show -- to a charity picked by audience members, Forbes said.

Mr Kamath, who has an estimated net worth of USD 1.1 billion, plans to increase episode donations to Rs 40 million, it added.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Most Reliable Vendors To Buy Replica Rolex Super Clone Watches

Looking for a watch that is an exact copy of a real Rolex? Rolex replica watches are in high demand these days, mainly because they are impossible to identify and can be worn anywhere stress-free. The best part is that they perfectly fit everyone's budget, and you do not have to save for years to get a wrist piece you have been drooling over.

Watches are a lot more than timepieces; they reflect class, sophistication, and style. The luxury watch brands cost a hefty amount to create timeless watch pieces with an aura that shines forever. The price they charge is actually for the charisma, precision, and styling that cheap watch companies can never create. Fortunately, the same watches are now available in A+ replicas and unless you tell someone about them, it is impossible to find out they are not real.

The only problem here is finding a place to order your favorite Rolex replica online. The replica industry is booming, and there are thousands of websites that sell these copies. However, not all of these deliver the quality and class they show in pictures. And it is also possible to come across frauds and scams if you are not paying close attention to your online order.

Here in this article, you will get to know two vendors that deal with the finest quality Rolex replica watches. You can spend money here without worrying about anything. Let's move next and find out about these vendors and the reasons they have our trust.

Best Websites To Order Rolex Replica Watches

Here are two places that you can trust to buy Rolex replica watches in super clone quality.

1) PrestigeWatches.co

2) IconicReplicas.co

Prestigewatches.co (Number One Rolex Replica Seller - Highly Recommended)

Prestigewatches.co is a true reflection of its name, as it deals with the most prestigious replica designs from luxury brands. Not only Rolex, you can find almost all famous watches here, in super clones, and only an expert can spot them as fake.

Most people think of replica watches to be way cheaper than real watches, which is not true. For example, the Rolex replica here starts from $799, which is definitely not cheap. But do not worry about spending this money on a watch, because the watch you will get in the mail will justify this price. There is absolutely no compromise on the quality, looks, and materials. The watches here look the same, weigh the same, and carry the same sensation that real watches offer.

The website is super easy to navigate, and there are plenty of options to explore. It is even possible to get confused among so many choices, and according to most customer reviews, they ended up buying more than one watch, because it is too hard to resist the offers.

On top of that, customer satisfaction is a high priority here. There is a whole team of employees to facilitate customers. You can ask any question, or take help whenever needed. The customer support is only one call and message away.

Click Here to Browse all the Hot-Selling Rolex Replica Models on PrestigeWatches

Here are some other notable features that make it a legitimate place to buy Rolex replicas online.

Huge variety in watches: You can find all hit models, celebrity-endorsed watches, and even the rare editions here that no other seller has. The quality is unmatched, and the resemblance with real designs is uncanny. If you are looking for a statement watch, there are good chances you will find something here, for sure.

Esthetic Charm: You simply cannot ignore the charm and allure the watches here show. The attention to detail is admirable, and even the slightest details are copied.

Versatile Watches: Not just the Rolex, you can find a lot of other watch brands here that could grab your attention. You can even look for certain types of watches to complete your looks i.e., formal, casual, sporty watches.

Complete Accessories: The watches purchased from here come with real-like boxes that real brands offer. You will even get the cards, and accessories too, which make it the whole deal.

Latest Designs Added: There is no ‘stop' here, and you will see the website stocking the latest designs every now and then. It includes watches that are recently launched and those worn by a celebrity at a certain event.

Options in Quality: Every watch sold here comes in two variants, one is AAA+ and the other is a super clone. The AAA+ models are low priced and use a little lighter materials than super clone watches, which are 100% true copies of the actual designs.

Affordable Prices: Compared to the real watches, the Rolex replicas here are very budget-friendly. Of course, they are not super cheap, because good quality comes for a price. But they are the true value of your hard-earned money.

Fast Delivery System: The orders made through this website are processed and delivered on a priority basis. You will get your parcel at your doorstep within a few days. Damages during the delivery are also covered and handled by the seller.

24/7 Support: You can get direct access to the customer support team anytime you want. There are various ways to contact them, including phone, message, email, and WhatsApp. Choose any that is convenient for you.

Multiple Payment Options: There are so many payment modes to facilitate everyone. It includes Amex, Visa, Mastercard, Crypto, and bank transfer. Choose the one you prefer.

Customer Reviews: There are thousands of positive customer reviews of the watches purchased from here. You can read them to know what to expect in your parcel. You may also find pictures of real pictures here, that give you a good idea of the real vs replica watches.

Click Here to Order Your Favorite Rolex Model from PrestigeWatches.co

And that is not all. There are even more to put your trust here, for example;

● There is no compromise on quality, and if any watch fails to fulfill this quality, the customer is entitled to a refund. Within 30 days of the purchase, any customer can return the watch in its original pack and get his money back without any questions.

● The watches sold here have a one-year long check warranty. During this time, any mechanical or technical issue with your watch will be dealt with by the company. You are required to inform customer support about such issues and they will take the lead.

● Under every watch, you will find the complete description, including dimensions, weight, and other necessary details that could help you decide on it. You can also read the customer reviews on a watch you are considering for a better idea.

● The website uses the highest security levels for all online transactions. It ensures the customer data is protected and there is no infringement, you can share your personal details including banking information, contact number, and address without fearing a privacy breach.

● There is an option to exchange your watch for another one if you do not like your watch. The website can charge an exchange fee, and you will be asked to return the watch while the company delivers your new order.

● The customers can share creative ideas, plans, proposals, or suggestions through email or mail. Also, there is an option to post a review under any product on the website, and these reviews are open to the public.

● If you change your mind and wish to cancel your order, the company accepts that too. You are required to contact the customer support team as soon as possible, and the processing department will cancel it for you. If it is already dispatched you can use the refund option that is still valid on your order.

These reasons are enough to believe in Prestigewatches.co. If you have more questions, feel free to contact me through the following. 

Official Website: www.prestigewatches.co

Email: prestigewatches.cs@gmail.com

Phone: +1 (520) 379-2909

Whatsapp: +44 7462 270102

(TOP RECOMMENDED) Click Here To Buy Super Clone Rolex Replica From PrestigeWatches.co

IconicReplicas.co (Most Affordable Rolex Replica Seller)

Looking for a low-price Rolex replica? IconicReplicas.co offers you the watches you love for the best price. This seller has top-quality luxury watch replicas from Rolex. However, it has a limited stock, and there is not much diversity in styles, brands, and watches. It is suitable for someone on a limited budget, probably looking for a watch to go with a certain look, i.e., formal attire. If you need a daily wear watch, or a watch that could last years, you may need to look for better quality replica watches.

The price is much cheaper than most replica vendors. The quality you get for this price is good, but it is not as good as master clone watches. The after-sale services are impressive, and the website even offers refunds against unsatisfactory orders.

Always ask for real product pictures before placing an order so that you have an idea of the watch you will receive. For more questions, talk to a customer support representative and confirm your order.

What to Look for in a Replica Watch Vendor?

While the replica industry is blooming, it gives a chance to fake sellers to be among the race. Unfortunately, people can fall for these scams and lose their money or receive something extremely inferior in the name of a replica watch.

There are several things that could help you determine the status of a replica watch seller. There are some websites that you can trust with eyes closed, but they may be out of budget for many. It is always good to have middle-range options, offering the best quality for the price they are charging.

Here are a few things that you must check before trusting an online vendor to buy Rolex replicas online.

● Materials: ideally, a good quality replica watch is made with premium materials. It is to give a similar look to the original. If a company is using a substandard material in making, you cannot expect much from it.

● Post-sale facilities: a legit watch seller has reliable after-sale services. It includes refunds, returns, and exchanges. You need to get information on all the post-sale services before placing an order or you may regret it later.

● Secure payments: it is common for some websites to leak customer data because they do not want to spend money on data protection and tech teams. Always check these things beforehand, or you could suffer a major financial scam by providing your sensitive information to an online seller.

● Shipping services: there are vendors with limited delivery areas and it is possible that a vendor you are considering would not be shipping at your location. Check these things before placing an order, or you can suffer from inconvenience. Double-check if you are an international customer because most sellers only operate locally.

● Testimonials: Reading the customer reviews can clear the picture for you. Most customers talk about their experiences in terms of sales, returns, and exchange. Some of them share their order pictures too, comparing it with the sample picture shown on the website. These things help determine the legitimacy of the seller.

Are Replica Watches Cheap?

Replica watches come in different price ranges, and depending on your budget, they can be cheap or expensive. There are sellers that barely replicate the real watches and sell these watches for a very low price, i.e., $200 or $300.

On the other hand, there are some premium rolex replica sellers that deal with super-clone watches. Mind it, these super clones are definitely not cheap, and you can expect them to be at least $1000. Some sellers offer discounts and offers that could reduce this price. Overall, you need to have a good budget even to buy a Rolex replica watch.

What is The Difference Between Super Clones and A+++ Copy?

You may see replica watches under different names such as Master Copy, A+++ Copy, Super Clone, etc. The AAA+ copy means a budget-friendly replica, this is an exact copy and feels very much real. But it uses different materials and may not be identical to the actual design. On the contrary, a super clone is an exact replica, which means there is no difference, and they are very hard to identify even by the watch experts. They cost much more than fine copies, master copies, A+ copies, and A+++ copies. They carry the Swiss ETA movements, and the inside movement is the same as the real watch.

If you have a good budget, the Super Clone copy is better than any other type of replica watch. Pay attention to these details and talk to a customer support representative if you are confused or unclear about something.

Best Rolex Replica: Where to Buy and FAQs

Here are some extra questions that could change your mind on replica watches.

Does replica mean fake watches?

Yes, replica watches are sometimes called fake watches, mainly because they are not manufactured or sold by the actual manufacturing company. They are fine copies but cost much less than the real ones. Yet there is no compromise on quality, and you can get a super fine replica watch that could last years, with proper care.

Why is it called a Rolex replica?

These watches are called Rolex replicas because they imitate an original design in the best possible way. Almost all best-selling watches are now available in replica versions that are inexpensive and very finely copied. These replica watches are not produced by actual sellers and are usually made by independent companies.

Is buying a replica watch online safe?

Yes, buying replica watches online is safe, just like other items. But you must buy the watches from a reliable vendor like PrestigeWatches.co. Trusting untrustworthy sellers can increase the risk of scams and frauds, therefore it should be avoided.

Is it wise to spend on replica watches?

Replica watches are super budget-friendly and totally worth the price if you are buying a super clone. You can surely spend money on a replica watch, knowing that it is made of high-quality materials, polished and finished, and it would last years.

How to clean replica watches?

Replica watches should be cleaned from time to time, especially when they come in contact with dust, liquids, or anything that attaches to the surface. Keep them safe from moisture, heat, and water. Store them in the box after wearing them every time, and your watch can be worn forever.

Do replica watches have serial numbers?

Yes, the super clone and some A+++ copies carry the serial number too like real watches. These serial numbers are given by the manufacturing company to identify them. However, the number of replica watches does not mean anything, and it is just to give a real look to the watch.

Buying Rolex Replica Online - Concluding Thoughts

Buying Rolex replica watches online is a tricky decision. But it is a hassle-free experience when you know a reliable seller. Never trust the shady sellers, with incomplete product or vendor information, delayed response and failure to cater to your concerns.

PrestigeWatches.co can be a one-stop place for your replica watch shopping. There are so many amazing things that add to its legitimacy. Take time to explore and view the watches in stock. Also, read the refund and return policy, in case you are concerned about your money.

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Sensex Rises By 305 Points, Nifty By 103 In Early Market Trade

Equity benchmark indices rallied in early trade on Wednesday amid continuous foreign fund inflows along with buying in heavyweight IT stocks, Reliance Industries and HDFC Bank.

The 30-share BSE Sensex climbed 305.44 points to 66,479.64 in early trade after beginning the day on a positive note. The Nifty went up by 103 points to 19,992.70.

Among the Sensex firms, Bharti Airtel, Tech Mahindra, Wipro, Tata Consultancy Services, HCL Technologies, Infosys, Mahindra & Mahindra, HDFC Bank, Axis Bank and Reliance Industries were the major gainers.

Power Grid and NTPC were the laggards.

In Asian markets, Tokyo quoted with gains while Seoul, Shanghai and Hong Kong traded lower.

The US markets ended marginally up on Tuesday.

"Since the global market backdrop continues to be favourable, the rally in India is likely to continue. The drop in US 10-year bond yield to 4.3 per cent and the dollar index dropping below 103 are positive for equity markets.

"FIIs have turned buyers responding to the changed reality," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Global oil benchmark Brent crude declined 0.02 per cent to USD 81.66 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 783.82 crore on Tuesday, according to exchange data.

The BSE benchmark climbed 204.16 points or 0.31 per cent to settle at 66,174.20 on Tuesday. The Nifty gained 95 points or 0.48 per cent to 19,889.70.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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