SCO Summit Row: Shehbaz Sharif Shares Full Photo With PM Modi After Backlash Over Cropped Frame

Stock Market Slips, India's GDP Hits 7.8%, Sugar Limit TightenedIndian stock markets experienced sharp volatility on Dalal Street as the Nifty slipped below the 24,000 mark before closing at 24,055 points, weighed down by auto and banking stocks amid rising crude oil prices past 92 dollars per barrel. Meanwhile, the central government tightened the sugar stock limit to 2,000 quintals for dealers from 15 September until 30 November. On the macroeconomic front, Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman hailed India's first-quarter GDP growth of 7.8 per cent, highlighting the nation's broad-based expansion despite global external challenges. Additionally, Mahindra and Mahindra reiterated their focus on electric vehicles, projecting EV contributions to reach 18 to 20 per cent by FY28 as demand transitions from a niche segment to the mass market. In currency trade, the Indian rupee closed 21 paise stronger against the US dollar at 94.95.