BSE Hits Record High, PM Modi Slams Congress, Supreme Court YouTube Channel Hacked

The Bombay Stock Exchange (BSE) Sensex crossed the historic 84,000 mark for the first time, with over 250 stocks hitting their one-year highs. Prime Minister Narendra Modi launched a fresh attack against the Congress in poll-bound Maharashtra, accusing the party of hindering progress for marginalized communities. Meanwhile, the Supreme Court’s YouTube channel was temporarily taken down after it was hacked and displayed cryptocurrency videos. The Tirupati laddu adulteration controversy continues to escalate.

Top News Headlines: Zomato Faces GST Notice, Market Cap Surges, Flash Flood Warnings Issued

This news update covers a range of topics, including a significant GST notice issued to Zomato by the Karnataka government, a surge in market capitalization of top BSE firms led by Reliance Industries, and flash flood warnings issued by the IMD across India. Additionally, we delve into PM Modi’s latest Mann Ki Baat address, retirement announcements from prominent cricketers, and a resolution to the TISS staffing crisis.

NSE, BSE Closed Today Due to Mumbai Lok Sabha Elections

The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will be closed today, May 20, due to Lok Sabha elections in Mumbai. All sections of the exchanges, including SLB, derivative, and equity, will be closed for the entire day. However, the Multi-Commodity Exchange (MCX) will operate from 5:00 PM to 11:30 PM/11:55 PM during the evening session, but will be closed for the morning session. Banks and some educational institutions in Belapur and Mumbai will also be closed on this day.

BSE, NSE to Hold Special Trading Session Today: Key Changes to Note

The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have announced a special live trading session on May 18 for equity and equity derivative segments. This session aims to test the preparedness of these markets in case of major disruptions at the primary site. The session will feature a switch from the primary site to the disaster recovery site and will include changes to trading hours, circuit limits, and price bands.

Stock Market Special Session on May 18: Readiness Test of NSE and BSE

The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will hold a special live trading session on May 18, 2024, to test their readiness and resilience in case of disruptions. The session will involve an intra-day switch from the primary site to the disaster recovery site across equity and equity derivative segments.

The purpose of this session is to assess the participants’ preparedness to handle significant disruptions or failures at the primary site. During the session, all securities, including those with derivative products, will have a maximum price band of 5%. The price band applicable at the primary site at the start of the day will also apply at the disaster recovery site.

The special live trading session will take place in two parts: from 9:15 AM to 10:00 AM and from 11:30 AM to 12:30 PM. The BSE has requested trading members to note this schedule and be prepared for the session.

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