Connect with us

Business

Sensex, Nifty Slip Ahead Of US Fed Decision; Sensex Falls 275 Points

Published

on

Sensex, Nifty Slip Ahead Of US Fed Decision; Sensex Falls 275 Points


Mumbai: Benchmark indices Sensex and Nifty closed lower on Wednesday as investors stayed cautious ahead of the US Federal Reserve’s monetary policy decision due later in the day. 

The Sensex fell 275.01 points, or 0.32 per cent, to finish at 84,391.27. The Nifty also slipped 81.65 points, or 0.32 per cent, to settle at 25,758.

“Structurally, Nifty continues to face strong supply in the 25,940–26,050 zone, keeping the broader setup range-bound to mildly bullish,” market watchers said.

Add Zee News as a Preferred Source


“A decisive breakout above 26,000 remains essential to revive upside momentum. On the downside, a sustained break below 25,700 could expose the index to 25,600–25,500, with volatility expected to intensify near these support clusters,” they added.

Bank Nifty also ended marginally lower — indicating a pause in the prevailing uptrend rather than a trend reversal.

The index opened near 59,280, moved up to 59,440, but later slipped to an intra-day low of 58,850 before closing around 58,990, down nearly 0.4 per cent.

Among the Sensex stocks, Tata Steel, Sun Pharma and ITC were the top performers. On the other hand, Eternal, Trent and Bharti Airtel dragged the index down with notable losses.

The mood was weak in the broader market as well. The Nifty MidCap 100 index declined 1.12 per cent, while the Nifty SmallCap 100 index shed 0.90 per cent by the close.

Sector-wise, consumer durables stocks saw the sharpest fall, with the Nifty Consumer Durables index tumbling 1.72 per cent.

IT and PSU bank shares also slipped, down 0.89 per cent and 0.70 per cent, respectively.

In contrast, Nifty Metal and Nifty Media indices ended the day on a positive note, emerging as the top sectoral gainers.

“Focus now shifts to the upcoming US Fed meeting, where a 25-bps rate cut is widely expected,” experts stated.

“However, internal divisions and mixed economic indicators may temper expectations for further rate cuts in 2026,” they added.

 



Source link

Business

Noida International Airport inauguration: Delhi-NCR gets new airport – all you need to know – The Times of India

Published

on

Noida International Airport inauguration: Delhi-NCR gets new airport – all you need to know – The Times of India


PM Modi inaugurates Jewar airport

NEW DELHI: Prime Minister Narendra Modi on Saturday inaugurated Phase I of the Noida International Airport at Jewar in Uttar Pradesh, marking a significant milestone in India’s expanding aviation infrastructure.PM Modi was accompanied by Uttar Pradesh chief minister Yogi Adityanath and Governor Anandiben Patel.

Watch

PM Modi To Inaugurate Noida International Airport Phase 1 On March 28: All You Need To Know

Developed at an investment of around Rs 11,200 crore under a Public–Private Partnership (PPP) model, the project is expected to enhance both regional and international connectivity for the National Capital Region (NCR).The airport is being positioned as a key addition to India’s aviation network, aimed at easing pressure on existing infrastructure while supporting the country’s ambition of becoming a global aviation hub.

Second international gateway for Delhi NCR

Noida International Airport has been developed as the second international gateway for Delhi NCR, complementing the existing Indira Gandhi International Airport, which currently handles the majority of the region’s air traffic.

.

.

With rising passenger demand and capacity constraints at IGI Airport, the new facility is expected to play a crucial role in distributing traffic more efficiently.Together, the two airports will function as an integrated aviation system, helping reduce congestion, improve connectivity, and enhance the region’s standing among leading global aviation hubs.

Phase I capacity and future expansion plans

Phase I of the airport is designed to handle 12 million passengers per annum (MPPA), providing immediate relief to the region’s growing air travel demand.The project has been planned with scalability in mind, with provisions to expand capacity to 70 million passengers annually in subsequent phases. This long-term vision reflects the government’s strategy to future-proof infrastructure and accommodate sustained growth in air travel.

Modern infrastructure and all-weather operations

The airport features a 3,900-metre runway capable of handling wide-body aircraft, making it suitable for both domestic and international long-haul operations.

.

.

Equipped with advanced navigation systems such as the Instrument Landing System (ILS) and modern airfield lighting, the facility is designed to support efficient, all-weather, round-the-clock operations. These features ensure operational reliability even under challenging weather conditions.

Cargo hub and logistics ecosystem

In addition to passenger services, the airport includes a comprehensive cargo ecosystem aimed at strengthening logistics and trade.The Multi-Modal Cargo Hub comprises an Integrated Cargo Terminal and dedicated logistics zones, with an initial handling capacity of over 2.5 lakh metric tonnes annually. This capacity is expected to expand significantly to around 18 lakh metric tonnes in the future, positioning the airport as a major cargo and logistics centre in North India.

Dedicated MRO facility to enhance efficiency

A key component of the airport’s infrastructure is a 40-acre Maintenance, Repair and Overhaul (MRO) facility.This dedicated facility is expected to improve operational efficiency by enabling airlines to service and maintain aircraft locally, reducing turnaround times and operational costs. It also strengthens India’s capabilities in aviation maintenance services.

Watch

PM Modi To Inaugurate Noida International Airport Phase 1 On March 28: All You Need To Know

Sustainability and future-ready design

Noida International Airport has been designed as a sustainable and future-ready infrastructure project, with a focus on achieving net-zero emissions.The project incorporates energy-efficient systems and environmentally responsible practices, aligning with India’s broader climate goals. The airport’s development reflects a growing emphasis on green infrastructure in large-scale projects.

Architecture inspired by Indian heritage

Blending modern infrastructure with cultural aesthetics, the airport’s architectural design draws inspiration from traditional Indian elements such as ghats and havelis.This approach aims to create a distinctive identity for the airport while offering passengers a sense of place rooted in Indian heritage.

Strategic location and multi-modal connectivity

Strategically located along the Yamuna Expressway in Gautam Buddha Nagar district, the airport is planned as a multi-modal transport hub.It will feature seamless integration with road, rail, metro and regional transit systems, ensuring smooth connectivity for passengers and cargo. This connectivity is expected to significantly improve accessibility for travellers across Delhi NCR and neighbouring regions.

Boost to India’s aviation ambitions

The inauguration of Phase I of Noida International Airport is being seen as a major step in strengthening India’s aviation ecosystem.By expanding capacity, improving connectivity, and integrating modern infrastructure with sustainability, the project is expected to play a key role in positioning Delhi NCR as a major global aviation hub while supporting economic growth and regional development



Source link

Continue Reading

Business

Why supermarket prices really became sky high in the UK

Published

on

Why supermarket prices really became sky high in the UK



Butter, chocolate, coffee and milk have all seen prices rocket. Tracing back through the story of one particular supermarket staple begins to explain why



Source link

Continue Reading

Business

LPG crisis: No respite for restaurants yet – The Times of India

Published

on

LPG crisis: No respite for restaurants yet – The Times of India


MUMBAI/BENGALURU: The restaurant industry is struggling to run regular operations due to the meagre supplies of LPG cylinders . With the govt’s move to hike commercial LPG allocation to up to 70%, it will take some time before the measure actually translates into sustained supply, executives said. “Supply is still hugely limited and erratic. A feeling of uncertainty looms large,” said Anurag Katriar, founder at Indigo Hospitality. The key question is how quickly this revised allocation will translate into on-ground availability, said Pradeep Shetty, vice-president at Federation of Hotel & Restaurant Associations of India (FHRAI).A walk along Indiranagar’s 12th Main, known for its cluster of independent restaurants, reflects the strain. “It is all hand-to-mouth at this point,” said Nikhil Gupta, who runs brands including The Pizza Bakery and Paris Panini . The move doesn’t directly help the restaurant sector which is still getting 20%-30% of LPG supplies, said Sagar Daryani, co-founder & CEO at Wow! Momo Foods and president at National Restaurant Association of India (NRAI). State-wise, the supply situation varies with some such as Maharashtra, Karnataka, Rajasthan restricting allocation for restaurants, hurting the sector , Daryani said.



Source link

Continue Reading

Trending