Tue, Apr 23, 2024 5:34 PM
India’s economic growth backed by strong investment demand: RBI Bulletin
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As India's residential market picks up, the Millennials and Gen Z buyers are expected to comprise about 60 per cent of new homebuyers by 2030, the JLL anticipated in its year-end residential market note. The global real estate services firm added in the note that the urban homeownership rate is set to increase to 72 per cent by 2025, up from 65 per cent in 2020.
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China's central bank conducted a medium-term loan operation on Wednesday while keeping the interest rate unchanged. The People's Bank of China (PBOC) issued 300 billion yuan ($41.10 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions at 2.00%, unchanged from the previous rate, according to an online statement from the bank.
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On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex closed down by 0.09% at 78,472.87, while Nifty closed down by 0.11% and closed at 23,727.65 level. Market volatility, as indicated by India VIX, declined by 2.51% and is trading at level of 13.18 reflecting a fall in market volatility. Top 3 P-V breakout stocks: 📌Greaves Cotton, 📌RBL Bank, 📌Hindustan Motors.
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