Supreme Court Advocates for Childcare and Feeding Rooms in Public Spaces

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Supreme Court Advocates for Childcare and Feeding Rooms in Public Spaces The Supreme Court of India has suggested that the Union Government develop a comprehensive policy addressing the construction of feeding rooms and childcare facilities  in public places. This move aims to ensure that nursing mothers and their children can access basic amenities in a dignified and private manner, reinforcing their fundamental rights under the Indian Constitution. SC Encourages Policy Formulation A bench comprising Justice BV Nagarathna  and Justice N Kotiswar Singh  highlighted the absence of a structured framework to address this pressing issue. The court advised the Centre to propose a policy that could then be implemented across the states, scheduling the next hearing for December 10, 2024.   The apex court emphasized that before issuing formal directions, it was crucial to understand the Centre’s perspective on implementing the petitioner’s demand for childcare and feedi...
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Indian Stock Markets Observe Holiday for Eid Celebrations

Indian Stock Markets Observe Holiday for Eid Celebrations




Indian stock exchanges have closed their doors on Thursday in observance of Eid, with regular trading activities set to resume on Friday.


Market Holiday Schedule

The next scheduled stock market closures are on April 17 and May 1, in observance of Shri Ram Navami and Maharashtra Day, respectively.


Market Performance

Following a minor correction on Tuesday, Indian stock indices rebounded on Wednesday, with the benchmark indices Sensex and Nifty each gaining about 0.5 percent. Last week marked a positive start to the new financial year, commencing on April 1.


Upcoming Market Trends

Investors are eagerly awaiting India's retail inflation data for March, scheduled for release on Friday, as well as heatwave alerts from the weather bureau, which could provide fresh market cues.


Inflation Trends

India's retail inflation has hovered around the Reserve Bank of India's comfort level of six percent but remains above the ideal scenario of four percent. In February, it stood at 5.09 percent. Despite inflation concerns in many countries, including advanced economies, India has managed its inflation trajectory effectively.


Foreign Investor Activity

Foreign portfolio investors (FPIs) have been pivotal in supporting Indian stock markets, with sustained inflows of funds. FPIs turned net buyers for the second consecutive month in March, following a period of aggressive selling in January 2024.


Recent FPI Data

Data from the National Securities Depository Limited (NSDL) revealed that FPIs purchased stocks worth Rs 35,098 crore in March, following a purchase of Rs 1,539 crore in February. In April, FPIs have already invested Rs 10,117 crore in Indian stocks, according to NSDL data.


Conclusion

Overall, while market holidays provide traders with a brief respite, attention remains focused on economic indicators and investor sentiment to gauge the trajectory of Indian stock markets in the coming days.

Location: Pune, Maharashtra, India

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