## Indian Stock Market Dips, Bomb Threats Disrupt Flights, India-China Border Disengagement: Top News Today
The Indian stock market closed in the red today, with the benchmark Nifty 50 index dropping 0.29% to 24,781 and the Sensex losing 0.09% to 81,151. The market started on a positive note, boosted by a surge in HDFC Bank shares, but couldn’t sustain the momentum. Over 350 constituents of the Nifty 500 index closed in the red, with PNC Infratech leading the losses, experiencing a sharp drop of 20%.
Other key developments:
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Bajaj Housing Finance Reports Strong Q2 Results:
The company announced a 21% increase in its net profit for the quarter ending September 2024, reaching ₹ 546 crore, compared to ₹ 451 crore in the same period last year. This was their first earnings report since their recent IPO.*
Niva Bupa IPO Gets Final Approval:
Private equity firm True North, which leads Niva Bupa Health Insurance Ltd, has received final approval from SEBI to raise ₹ 3,000 crore through an IPO.*
MSCI Rejig Impacts Stocks:
Adani Energy, Voltas, BSE shares, and others are set to be included in the MSCI India Standard Index during its November rebalancing.*
India-China Border Disengagement:
After four years of talks following the 2020 border skirmishes, India and China have completed a disengagement process. An agreement on military patrols along the Line of Actual Control has been reached, coinciding with Prime Minister Modi’s upcoming BRICS Summit in Russia.*
Bomb Threats Ground Flights:
Civil Aviation Minister K Rammohan Naidu announced the government plans to take legislative action against those responsible for hoax bomb threats to airlines. This week, nearly 100 flights have been disrupted by a barrage of threat messages sent to various Indian airlines, both domestic and international. Many of these threats were later declared hoaxes.*
Jammu and Kashmir CM Resigns from Seat:
In a significant political move, Jammu and Kashmir Chief Minister Omar Abdullah resigned from the Budgam assembly seat while retaining the Ganderbal constituency. This development was announced by Pro-tem Speaker Mubarak Gul in the Jammu and Kashmir Assembly.Stay tuned for more updates on these stories and other top news of the day.