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The Nifty gained 375 points over the week to close at 23,907. A smart comeback by the bulls in the second half of this week helped the market recover almost the entire loss registered in the first half.
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News and Media
Sebi has proposed engaging independent external agencies to identify suitable candidates for the appointment of key management personnel at market infrastructure institutions. The NRC will evaluate these recommendations and send them to the governing board and Sebi. The aim is to ensure independence, transparency, and accountability in key managerial appointments. Sebi also proposes a cooling-off period for KMPs and directors to prevent conflicts of interest.
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A new draft climate finance deal proposed at COP29 suggests developed nations should lead in providing $250 billion annually by 2035, aiming for a total of $1.3 trillion per year from all sources. However, some European negotiators have expressed concerns about the high cost and the lack of expansion in the contributor base.
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News and Media
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