Adequate measures have been taken by the BSE for the evaluation of answer copies and already the process for the subjective answer copies has started from March 14.
BSE President, Srikant Tarai informed that for the first time the students can download digital certificates within seven days of publication of results.
Earlier, students were collecting the certificates from schools after one month. Now the students can get hard copies of certificates within 15 days from their respective schools, said Tarai.
BSE officials informed that over 5.62 lakh students appeared for the matriculation examination this year.
"Elaborate arrangements have been made for the evaluation process which is likely to start tomorrow at 55 centres across Odisha. Around 16235 teachers will be engaged for the evaluation of various subjects which will be supervised by senior BSE officials," the officials informed.
“As several teachers will be engaged in election duty, valuation and result publication, it would be a herculean task to complete all tasks. The evaluation process may take some time as some teachers will have to go for election-related training work. The BSE has switched to the traditional mode of evaluation,” informed BSE vice-president Nihar Mohanty.
The matriculation examination for class 10 students was conducted from February 20 to March 4, 2024. BSE officials informed that arrangements have also been made to transfer subjective marks directly from the evaluation centres to processing server online.
The BJP Yuva Morcha warned of agitation near the minister’s residence if the latter does not resign.
Addressing a presser in Bhubaneswar, Odisha unit president of the BJP Yuva Morcha, Abhilash Panda alleged, “The question paper leak is a deep-rooted conspiracy of the Biju Janata Dal (BJD) and a racket of the ruling party is behind such lapses.”
He also alleged that for the last five years, incidents of question paper leaks have been happening, but no official of the School and Mass Education Department has been made answerable.
“Has any action been taken against any officials so far? This indicates that the BJD government is shielding those involved in such question paper leaks,” he observed.
Moreover, Panda pointed out that the Board of Secondary Education (BSE) Odisha introduced Artificial Intelligence (AI)-powered CCTV cameras to keep an eye on all the exam and nodal centres to ward off malpractice during the Matric exams this year, but who will keep watch on the BJD leaders if they are involved in question leak.
Similarly, the Congress also lambasted the state government over AI-powered surveillance during exams.
Terming the AI system as a farce, Congress spokesperson Krushanachandra Pati told the media, “AI has become a farce. The state government is misleading the guardians by claiming transparency through AI. There is no transparency in any exam. The government is working in cahoots with a racket involved in question paper leaks.”
Pati questioned, “What steps the government has taken after the question paper leaks? Every year this is happening. Congress has been demanding transparency. The government really has no intention to conduct the examinations transparently. ”
Speaking to OTV over the phone, Nihar Ranjan Mohanty, the vice president of the Board of Secondary Education, Odisha, refuted the allegations of question paper leak.
Mohanty said, "We have no complaints in this regard from anywhere, be it Keonjhar or Mayubhanj. We heard about it the first time from you (reporter). Already 24 hours have passed after two days of examinations. Question paper viral is irrelevant. Examinations in all of the centres were smoothly conducted. Just bringing allegations about the question paper viral is not justified.”
“This is fictitious and misleading. It is not true. Such false things should not be believed,” he observed.
As only two weeks are left for the HSC examinations, the BSE authorities are on their toes.
As per reports, 5,51, 611 candidates have applied for the HSC examinations this year. The exams will be held in 3,073 exam centres while 21 police stations have been made nodal centres. Evaluation will start from March 20 and be completed by March 30.
Vice president of BSE, Nihar Ranjan Mohanty said, "We had planned to complete the examination and evaluation before the elections. Dates were fixed accordingly. If elections are held on time, training of teachers will be a problem. Those teachers may be absent. We will try to adjust that by extending the evaluation dates.”
Educationist Satyakam Mishra said, “Teachers are not working under the BSE. The BSE can do nothing against the teachers. At best, the Board can debar them from examination duty. The Board should take their authorities into confidence to ensure that teachers come in handy for smooth conduct of the examinations.”
The BSE also decided to hold the exams as per the old format: 50 percent marks for subjective questions and 50 percent marks for objective questions.
On the other hand, the BSE has adopted a new formula to check malpractice during the examinations. For the first time, it has been decided that the examinees will have to enter the exam halls one and a half hours before the exam time. Exams will start at 9 am and examinees will enter the exam halls by 7.30 am.
Vice president of BSE, Nihar Ranjan Mohanty said, “The exams will start from 9 am and students will have to enter the exam centres at 7.30 am. And by 8.15 am, all examinees must have taken their seats.”
However, the new system has caused resentment among students.
Siddharth Mallick, a student said, "If students enter exam centres one and a half hours before, they will get bored. That time would have been better spent in studying."
For the first time, observers will be deployed in all exam halls to monitor the arrival of question papers and submission of answer sheets. Block education officers and headmasters will be assigned this duty. No one will be allowed to take cell phones into exam halls.
Significantly, the BSE has decided to make use of Artificial Intelligence (AI) to monitor the conduct of the annual high school examinations this year.
Addressing a press meet on Wednesday, the president of the BSE, Ramashis Hazra said that AI-powered cameras will be installed at strong rooms, DEO offices, and examination halls. A command room will operated by seven to eight persons. In case any discrepancies are noticed, the operators at the command will be intimated about it, said BSE authorities.
The BSE also came out with the exam schedule. The examination will begin with the first language Odia paper on February 20 while the exam for the second language English will be held on February 23. The students will appear for the Mathematics paper on February 26, Hindi/Sanskrit on February 28, Science on March 2, and social science on March 4.
The vocational practical examinations will be conducted in respective schools by OSEPA between January 15 and 31.
Hazra said that the HSC examinations will be held in 2,991 centres in Odisha while 5,51,611 students have registered to appear for the exams. As many as 7831 students will sit for the SOSC examination in 55 centres while 3037 students will appear for the Madhyma examinations at 107 centres.
According to officials, keeping in view the possible heat wave, there will be no second sitting in the examinations. The evaluation of question papers will start from March 15 and is likely to be completed in the subsequent 12 days, BSE sources informed.
The BSE has urged the Cyber Police Station to look into the matter and take stern action against those involved in such illegal activities.
The secretary of the BSE stated in a press note, “The Class-X High School and Madhyama Half Years-examination-2023 are being conducted from October 4 to 7 as per the scheduled programme notified by the BSE.”
The BSE also made it clear that question papers of all subjects had been handed over to all district education officers (DEOs) on September 29 to distribute the same to the schools under their respective jurisdictions with clear instructions to conduct the examinations with all possible precautions.
“The schools shall conduct the examination and evaluate the Answer Books and preserve the marks at their end. There is no provision of uploading the marks since the exam has no weightage in AHSC/Madhyama exam which will be conducted directly by the BSE(O) during February-March’24”, the BSE secretary's statement said, expressing concerns that it was unfortunate to notice questions being leaked prior to the date of the examination as known from some of the links on YouTube.
According to BSE, 433 out of 1310 students, who had filled up the forms to appear for the test, passed the exam.
While 360 students remained absent in the Matric Supplementary examination, no student was booked under malpractice.
Similarly, 6778 passed the State Open School Exam, BSE informed.
A total of 8920 students have filled up application forms for the State Open School Examination while 525 candidates remained absent in the test. A total of 49 candidates were booked under malpractice.
The result of the examination is available on the board’s official website- www.bseodisha.ac.in.
According to a notification issued by the BSE, the aspirational components of this curriculum are--Book Review, Project Work, Information Technology (IT) skills and Co-curricular Activities.
To strengthen student participation in these aspirational areas, a student-led club system is being established across all secondary schools in the state, the notification read.
Students Clubs are small learning communities, equipping students to learn, adapt and enhance various skills and behaviours.
Along with attracting students with similar interests, clubs also encourage a spirit of building skills and healthy competition with collaboration, constantly motivating the students to find specialised areas of interest.
School Clubs:
With an aim to nurture the students for future-ready skills, it is decided to introduce four clubs in the secondary schools.
Jigyansa – Science, Nature & Culture Exploration Club
Sahitya Srujani – Literary & Artistic Club
Kaushali – Computing (ICT) & Social Innovation Club
Kridangan – Sports and life skill development Club
The clubs will comprise a pilot, co-pilot, a mentor, two class/section representatives and the student members.
A teacher, nominated by the headmaster, will function as the mentor and guide the students as per the requirements of the club.
According to a notification issued by the BSE, the Annual High School Certificate, Madhyama and State Open School Certificate Examination for 2024 will be simultaneously conducted from 20 February 2024 to 4 March 2024.
The detailed programme of the examination will be notified later while the filling up of forms for appearing in the examination will be taken up during October, 2023, the notification read.
The evaluation of answer books will be conducted from 12 March 2024 and will continue for at least 12 days.
The Board also notifies the scheduled dates for the conduct of Half Yearly Examination for Class-10 (HSC & Madhyama) which will be conducted from 13 to 16 September 2023.
The questions for Half Yearly Examination prepared by the Board will be delivered at the District point with the concerned District Education Officers on or before 6 September 2023, the notification stated.
The Examination will be conducted under the direct supervision of the concerned District Education Officers and evaluation will be done by the respective schools.
Even Nifty attempted to touch new highs, but fell short by 12 points. The index finally closed with a gain of 40 points at 18,857 points, said Siddhartha Khemka, Head of Retail Research, Motilal Oswal Financial Services.
Sectorally, it was a mixed bag with major buying seen in financial services, especially NBFCs. Consistent foreign inflows into Indian equities backed by the country's strong macroeconomic data have driven investors' confidence, Khemka said.
Vinod Nair, Head of Research at Geojit Financial Services, said that despite hitting record highs, the domestic market failed to sustain its upward trajectory due to prevailing concerns over global issues and a delayed monsoon.
Furthermore, market volatility was exacerbated by consecutive days of net selling by FIIs, while mid-cap stocks maintained their steady gains.
Jaykrishna Gandhi, Head - Business Development, Institutional Equities, Emkay Global Financial Services, said the Indian markets continued its resilient steady move with the market breadth widening and small and mid-caps touching new highs.
Flows into India remain strong with YTD flows of $5.5 billion as of Monday. The RBI/Fed paused in line with expectations as inflation both in the US and India is directionally moving in line with expectations.
Crude price weakness despite a second production cut by the Saudis is one area of concern with regard to the global economic health, especially in the second half of 2023. However, this bodes well for India as inflation will continue to remain low, Gandhi said.
"The flurry of block deals and the higher demand on most of the offerings do make us a little uncomfortable from a near term perspective. However, none of the indicators point at an overbought market as of now," Gandhi added.
Speaking to media, BSE president, Ramasish Hazra said, the form fill-up for the supplementary examination will start from May 26 and continue to till June 1, 2023.
Similarly, the supplementary examination will start on July 3 and continue till July 8, 2023. The detailed schedule of the examination will be released later, the BSE president informed.
The board also announced major changes in the conduct of class 10 matriculation examination today.
Informing media about changes in the examination pattern, Hazra said, “Two summative examinations were conducted in class 10 for the past two years. Now the class 10 or the matriculation examination will be conducted annually, once a year.”
Moreover, the BSE has also decided to introduce the half-yearly examination at the school level for which the board will provide question papers.
For class 9 students, BSE will not conduct the examination, rather it will only provide question papers to the district education officers, the board informed.
It is worth mentioning here that the annual High School Certificate (HSC) Summative Assessment-II examination 2023 was conducted from March 10 to 20. As many as 5.32 lakh students appeared in 3,218 examination centers across the state. The overall pass percentage this year stood at 96.40% compared to 90.55% last year.
This was informed by School and Mass Education minister Pramila Mallik on Saturday.
Speaking to the media, Mallik said, “The Odisha government will increase Plus 2 seats if the need arises. Necessary measures will be taken so that no student will suffer.”
“Some changes will be made in summative I and II examinations. We are going to start the form fill up process for the supplementary examination and it will be conducted soon so that a student will not incur a loss of one academic year,” Mallik added.
Notably, the overall pass percentage in the Matriculation exemption stands at 96.4% this year as compared to 90.55% last year.
While 4158 candidates scored A1 grade, 29838 students secured A2 grade, 77567 students B1 and 118750 students got B2 grade.
The overall pass percentage of boys is 95.75 percent and pass percentage of girls is 97.05 percent.
As many as 3,222 schools have registered cent percent results. Cuttack and Jagatsinghpur districts registered the highest pass percentage of 97.99 in the state. On the other hand, the tribal-dominated Malkangiri district reported the lowest pass percentage of 92.68% in the state.
The annual Matriculation examination was conducted from March 10 to 20. As many as 5.32 lakh students appeared in the Matriculation or the Class 10 high school certificate examination in 3,218 examination centers across the state.
A student of Saraswati Shishu Mandir at Ramaharinagar in Berhampur, Bhuyan does not belong to a well-to-do family. In fact, his father, Sanjay Bhuyan is an electrician and has been working in a motor winding shop in the silk city for last the 30 years.
Asked about the financial constraints that he had to face in his studies, Bhuyan said, “One does not have to be rich in order to do well in studies or to top an exam for that matter. It all depends on the effort you put in.”
Speaking about his result and the preparation that went into it, he said, “Students need to start preparing from day-1. One cannot succeed in any exam if they think that they will top it by reading 20 hours a day after the exam schedules are declared.”
“I used to study for 3-4 hours during my school days. I extended my study time to 5-6 hours when the exam neared and made it 10 hours a day during the exams. I am happy with my result as it was expected given the amount of effort I had put in,” he said.
Bhuyan has secured 99 in Social Science (SSC), 96 in General Science (GSC), 100 in Third Language Sanskrit (TLS), and 99 in Maths.
Interestingly, Bhuyan’s father had failed the matric exam during his time at school and started working in an electrical shop. Now, as his son has done so well in the same exams, his happiness knew no bounds.
“I have helped him stay focused on his studies and will continue to support him in his future endeavours. I guided him throughout his studies. Whenever he encountered any doubt, he used to call up his teachers to clear the doubts,” said his father, Sanjay.
The Supplementary exam was canceled by the Government of Odisha in light of the coronavirus pandemic. However, the exam would be conducted this year, the minister stated adding that the date would be announced soon.
Speaking to media persons, the Minister said, “Unlike last year, the supplementary exam will be conducted for failed and dropout students this year. The examination date will be announced soon.”
Furthermore, students with grievances regarding their marks can apply for rechecking from May 23. The students who appeared for the High School Certificate (HSC) examination can apply for rechecking online. The online application facility will be made available soon.
However, students of Madhyama Sanskrit and State Open School Certificate examinations need to apply offline, informed BSE Vice-President Nihar Ranjan Mohanty.
Worth mentioning, BSE on Thursday announced the HSC results with girls outshining boys. The overall pass percentage stands at 96.40%.
Addressing the media, BSE president Hazra said the results of State Open School and Madhyama will also be announced on the same day at 10 am.
The Minister and commissioner-cum-secretary of the School and Mass Education department will formally release the results on May 18 at 10 am, Hazra informed.
Students can check their results by visiting the official website- www.bseodisha.ac.in from 12 pm onwards.
Besides, students can access their results through SMS. They need to type OR10, Roll Number and send the SMS to 5676750 to get their results.
“Around 3,000 students faced problems due to the printing errors in the social science set-B question paper during the examination. Necessary measures have been taken to ensure that no student suffers due to the glitch,” board vice-president Dr Nihar Ranjan Mohanty said.
“If a student has any issue with the result, then s/he can register grievances with the controller of the examination within one month of publication of the results. Besides, a control room will be made operational for seven days after publication of the result,” Mohanty informed.
The control room number is- 0671-2415460.
Notably, the annual High School Certificate (HSC) Summative Assessment-II examination 2023 was conducted from March 10 to 20.
As many as 5.32 lakh students appeared in the Matriculation or the Class 10 high school certificate examination in 3,218 examination centres across the state.
Addressing the media, Mohanty said, “As compared to other boards, we will publish our results soon. We are aiming at publishing error-free results. Though there is a directive to publish results within 45 days, the exact date cannot be announced at this point of time.”
“The evaluation was carried out smoothly at 55 examination centres. Except for two-three centres, the evaluation process concluded on April 13. Now we are correcting the discrepancies,” Mohanty added.
Sharing details about the evaluation process, Mohanty said, “The first two phases- conduct of the examination and evaluation have been completed. The third phase is defect compliance and processing. We are now working on defect compliance and then tabulation and processing will be done. Then only the results can be declared.”
Asked about the evaluation of students who suffered due to question paper printing mistakes, the senior official said, “Around 3000 to 5000 students were affected due to the glitch in social science set-B question paper. We came up with a special mechanism and the issue has been resolved. Necessary steps have been taken to ensure that no student suffers due to the glitch.”
The dropout rate can be ascertained after the publication of the results, Mohanty added.
Notably, the annual High School Certificate (HSC) Summative Assessment-II examination 2023 was conducted from March 10 to 20.
More than 5 lakh students appeared for the matriculation or the Class 10 high school certificate examination in 3,218 examination centres across the state.
A total of 56 evaluation centres have been set up across the State while as many as 13,000 teachers will be engaged in the evaluation process.
The evaluation will continue for 12 days and the BSE has made elaborate measures to ensure an error-free and hassle-free evaluation process. After the evaluation of the answer copies, the marks of the students will be uploaded on the official website, informed BSE.
Though the date for publication of results is yet to be finalised, it is believed that the results might be declared by this month's end or by May first week.
"The evaluation of the answer sheets will be carried out at the 56 evaluation centres. We are trying to publish the results by April end, but the date is yet to be finalised. The date can be fixed after the evaluation begins," BSE president Ramasis Hazra had said.
The annual High School Certificate (HSC) Summative Assessment-II examination 2023 which began on March 10 concluded on March 20.
More than 5 lakh students appeared for the matriculation or the Class 10 high school certificate examination in 3,218 examination centres across the state.
The annual High School Certificate (HSC) Summative Assessment-II examination 2023 which began on March 10 concluded today.
"Barring some mistakes, the examination passed off smoothly. Evaluation of answer scripts will be held at 56 centres starting from April 3 and will try to declare results within 45 days," Hazra said.
The teachers, who will be engaged in the exercise, will be imparted necessary training for the smooth conduct of answer sheet evaluation, the BSE president informed.
Meanwhile, students across the State heaved a sigh of relief after the annual board examination concluded today.
“I am hopeful to score above 75 per cent mark in the examination. The questions were not that tough,” said a student.
“I have done well in all papers and expect to score over 80 per cent mark,” said another student.
Notably, more than 5 lakh students appeared for the matriculation or the Class 10 high school certificate examination in 3,218 examination centres across the state.
(Reported by Debashis Mohanty, OTV)
Though the BSE has quashed the reports, students in Bolangir have found similarities between the question paper given at the examination centre and the ones doing rounds on the internet.
BSE President Ramashis Hazra said “Nothing has happened. We have not received any such report.”
“This is the same question paper that we received at examination centre. Most of the questions are same,” a student in Bolangir said while comparing the viral question papers with the board questions.
Echoing similar views, another student said, “The question paper has gone viral because the questions and their serial numbers are same.”
Meanwhile, the Leader of Opposition (LoP) and senior BJP MLA Jayanarayan Mishra raised the matter during the zero hour of the Odisha Legislative Assembly and blamed the State government for poor management of the crucial examination.
The Sambalpur MLA stated that an audio clip has gone viral in which students are being demanded Rs 10,000 per question paper and Rs 40,000 for another four sets of question papers.
"Is it the way examination is conducted or is it 5T," questioned Mishra while raising several other issues in the Assembly today.
Later in the day, School and Mass Education minister Samir Dash also clarified that there was no question paper leak.
“No question paper was leaked. There was a printing mistake in B-SET question paper today. However, students need not worry as their interests will be kept in mind during evaluation,” Dash said.
(Reported by Manaranjan Joshi and Debashis Mohanty, OTV)
According to School and Mass Education Minister Samir Ranjan Dash, special squads have been formed and they will pay surprise visits to the schools during the examination.
“Our department has sought the help of the district administrations for the smooth conduct of the examination. People have specially been appointed to take question papers from the examination hubs to the exam centres. I believe the examination will end peacefully,” said Dash.
“My advice to the students is that this is not the last examination of their lives. Rather, it is the first one of their lives. So they shouldn’t be under any pressure,” he added.
He also informed that he has directed to install as many CCTV cameras as possible at the centres.
Notably, the examination is all set to start on March 10 and will continue till March 17.
At the same time, vice president of the Board of Secondary Education (BSE), Odisha, Nihar Ranjan Mohanty on Monday informed about the arrangements in place to ensure the smooth conduct of the examination.
“Keeping the scorching summer in view, the Chief Secretary has directed the Electricity department that there shouldn’t be power cuts during the entire examination. Mobile phones have been banned during the examination too. Students have been asked to deposit their mobile phones with the centre superintendents. If anyone is found carrying his/her mobile phone, action as per the Odisha Conduct of Examination Act, 1988 will be taken against them. As per the timeline we have given, question papers from nodal centres should reach the Centre Superintendents between 6 am and 7 am,” informed Mohanty.
He also informed that nodal centres have been set up at 22 police stations. The question paper packets will be opened in front of the students. This year, the results will be published in a new system. The result will be published on the basis of 40 percent weightage of SA-1 and SA-2 and 20 percent of the Internal Assessment.
(Reported by Jagdish Das and Debasish Mohanty, OTV)
The Nifty Bank index opened strongly at 44,078.60, touched a high of 44,151.80 and a low of 43,987.95, to close at 44,049.10 points.
"Financials continue to outperform on the back of strong credit growth, where non-food bank credit grew 18.3 per cent in October 2022 vs 6.9 per cent a year back, along with improving balance sheets, where most of the provisioning for bad assets is behind us with improving NIMs due to increasing interest rates where assets are getting re-priced faster than liabilities for banks," said Nishit Master, Portfolio Manager, Axis Securities PMS.
"We expect this outperformance for banks and the tailwind for the sector to continue for 2023," Master added.
According to him, in the short term, after Tuesday's inflation print in the US, there is an expectation in some quarters that the US Fed might turn less hawkish in the upcoming policy, which will support the markets.
"Our base case for Fed Policy on 14th December is a 50bps hike. If the hike is lower than that, we expect the risk assets, including emerging markets like India, to outperform in the near term," Master said.
Nifty rose for the second consecutive session, in line with most Asian markets that were up.
After a volatile session, Nifty closed 0.28 per cent, or 52.3 points higher, at 18,660.3, said Deepak Jasani, Head, Retail Research, HDFC Securities.
Sharp fall in WPI inflation for November also helped sentiments. Broad market indices rose more than the Nifty even as the advance decline ratio was up at 1.35:1, he said.
Jasani said that India's wholesale inflation fell to a 21-month low of 5.85 per cent in November, a huge 470 basis points lower than what it was just two months ago.
WPI inflation stood at 8.39 per cent in October and 14.87 per cent in November 2021.
The accused has been identified as Jamadar Bhramara Bara Nayak.
Sources said Bhramara had sold a fake certificate for Rs 45,000 to a resident of Keonjhar district.
The recipient had approached the board after he came to know that he was cheated as he had got a fake certificate.
It was then that the BSE authorities informed Mangalabag Police for an investigation into the matter.
Acting on the complaint, police launched an inquiry and subsequently arrested Nayak on the charges of selling the fake certificate.
Sushanshu Bhusan Jena, Manglabag inspector-in-charge said, “One certificate has been seized from his possession. He is not cooperating in the investigation."
Jena further informed that the accused Nayak used to be a sweeper but now, he has been promoted to Jamadar.
Fake certificate incidents have been haunting Odisha since long. In January this year, the Odisha Higher Education Department instructed the principals of all colleges across the State to lodge FIR at the local police station against students who had submitted fake disability certificates to get admission.
The order was issued by the department Secretary after reports of admission into a college in Bhadrak by submitting fake disability certificates surfaced recently.
Extending its gains to the seventh straight session, the 30-share BSE Sensex jumped 524.51 points or 0.88 per cent to close at 59,831.66.
On similar lines, the broader NSE Nifty advanced 154.45 points, or 0.88 per cent, to finish at 17730.75.
In the Sensex kitty, prominent gainers were Nestle India, ICICI Bank, L&T, SBI, HDFC, HDFC Bank and Dr Reddy's, spurting as much as 2.92 per cent.
Only two counters closed in the red -- Hindustan Unilever and Kotak Mahindra Bank, shedding up to 3.05 per cent.
Brokers said buying activity gathered momentum as investors opened their new books in the first session of Samvat 2079.
Global equities were largely in the positive territory following strong gains on Wall Street on Friday.
Elsewhere in Asia, markets in Tokyo and Seoul closed in the green, while Shanghai and Hong Kong plunged up to 6.36 per cent, posting their worst day in over a decade.
Bourses in Europe were trading in the positive zone in the afternoon session.
Barring FMCG, all BSE sectoral indices ticked higher, led by capital goods, industrials, financial services and telecom.
A similar trend was seen in the broader markets, with the BSE small-cap index rising 0.99 per cent and the mid-cap gauge gaining 0.50 per cent.
Domestic markets conduct a special one-hour Muhurat trading session on Diwali every year to mark the beginning of the traditional Hindu calendar year, called 'Vikram Samvat'.
In the previous Samvat 2078, the Sensex dipped 464.77 points, while the Nifty shed 252.90 points.
"Even though Samvat 2078 ended with marginal negative returns, the overarching feature of the year gone by was India's distinct outperformance. While the MSCI World Index and MSCI Emerging Market Index fell by 23 per cent and 33 per cent respectively, Nifty hugely outperformed with a minor cut of only 3 per cent.
"This outperformance in a year of a war in Europe and rising inflation and interest rates in the developed world reflects Rising India's resilience," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
"From the market perspective, two factors stand out -- One, India's economic fundamentals are relatively strong. Two, DIIs and retail investors have become a force to reckon with, overwhelming the FII selling. This trend can be expected to continue," he added.
The BSE and NSE will be closed on Wednesday (October 26) on the occasion of 'Diwali Balipratipada'.
Meanwhile, foreign institutional investors (FIIs) net bought shares worth Rs 438.89 crore on Friday, while domestic institutional investors sold to the tune of Rs 119.08 crore, as per exchange data.
The BSE Odisha will begin inviting online applications from eligible candidates for appearing for the OTET 2022 (2nd) from Monday (October 10).
As per the official notification, the last date to apply for OTET 2022 is October 19, 2022.
Step By Step Process For Filling Up Online Application
Application form has the following six sections.
Four sections from the beginning can be filled up one by one starting from (a)-(b)-(c)-(d).
However, after reaching section (d), one can again come back to “c”, “b” or “a” and update the information already entered.
The following fee shall be applicable for candidates appearing at the OTET, 2022 (2nd).
For SC & ST Category of candidates :- Rs.400
For Other Category of candidates :- Rs.600
According to a source, the girl took the extreme step after headmaster Basudev Swain misbehaved with her on Friday. She consumed poison after feeling really bad about it. She is now undergoing treatment at SCB Medical College and Hospital.
Akuli Behera, grandfather of the student, said, “She had gone to school on Friday. Due to some reason, the head teacher made mockery of her, saying had you been married you would have been a mother of many kids. It hurt her very much. She was upset. She might have taken this drastic step for this reason.”
Dibakar Barik, a villager, said, “We got to know that the school headmaster misbehaved with her which forced her to consume poison. Now, she is being treated at SCB Medical College and Hospital.”
Headmaster Basudev Swain said “I have not misbehaved with her. Rather I tried to make her understand things. These allegations were untrue and vague. Other students were there. They can better clarify.”
This is not just one incident. Incidents of teachers’ misbehaviour are on the rise in the state.
In July 2022, students of Bijay Nagar High School under Mahakalapada police limits in Kendrapara district had staged a dharna protesting alleged misbehaviour of a Class 10 girl student by a science teacher.
Parents of the students also joined the protest seeking arrest of the teacher and stringent action against him for his misconduct.
The agitators locked the school gate and staged protests in front of the school. Tension ran high when police did not take action against the accused teacher even after complaint by students.
Earlier in April 2022, a Class 10 girl student committed suicide by jumping from the terrace of the hostel of a school in Sundergarh district after failing to bear the alleged sexual harassment by the headmaster.
As per reports, the student jumped off the terrace of the two-storied hostel of Panchayat Samiti High School at Lephripara. Though the school authorities rushed her to the Sundergarh District Headquarters Hospital (DHH), doctors declared her dead before arrival.
Foreign fund outflows and fears of recession in the global economy have dented investor sentiments.
The 30-share BSE benchmark tanked 538.2 points to 59,395.81 in early trade. The Nifty declined 161.3 points to 17,716.10.
From the Sensex pack, Mahindra & Mahindra, Tech Mahindra, TCS, Wipro, HDFC, Infosys, Axis Bank, HCL Technologies and Power Grid were among the major laggards.
IndusInd Bank, Bajaj Finance, Sun Pharma and Asian Paints were among the early gainers.
Asian markets in Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
The US markets had ended lower on Thursday.
"The market has started showing some indications of fatigue. Globally, the major concern now is that the Fed might oversteer the economy and end up raising rates too much too fast, pushing the US economy into a sharp recession," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Sharply rising rates, bond yields and dollar are negatives for equity, he added.
"In this challenging environment it would be difficult for India to sustain the decoupling from the global trend which has been a recent pattern in India. Moreover, FIIs have halted their sustained buying and have turned sellers, though this is not yet a trend," Vijayakumar said.
The BSE benchmark ended 412.96 points or 0.68 per cent lower at 59,934.01 on Thursday. The Nifty dipped 126.35 points or 0.7 per cent to settle at 17,877.40.
Meanwhile, the international oil benchmark Brent crude climbed 0.18 per cent to USD 91 per barrel.
Foreign institutional investors offloaded shares worth Rs 1,270.68 crore from the domestic market on Thursday, according to data available with the BSE. PTI SUM.
At close, Sensex ended 1,564.45 points, or 2.70 per cent, up at 59,537.07, and Nifty closed 445.40 points or 2.58 per cent up at 17,759.30. Nifty bank was up sharply at 3.29 per cent.
All the 30 stocks on the Sensex ended in green.
BSE LargeCap was up 2.59 per cent, BSE MidCap, and BSE SmallCap up 1.97 per cent, and 1.40 per cent, respectively. Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tech Mahindra, and ICICI Bank were major gainers on the BSE.
"Today's rebound indicates the domestic economy's resilience in comparison to its global peers. Although the markets are currently at premium valuations, continued support from foreign investors aided domestic stocks to inch higher. Sectors in swing with the progress of the domestic economy should be able to do well compared to the rest," said Vinod Nair, Head of Research at Geojit Financial Services.
Volumes on the NSE were the highest in more than a week. Among sectors, realty, power, banks, oil and gas, and auto indices rose the most. Broader market underperformed; however the advance decline ratio was sharply positive at 2.96:1.
Global stocks rose on Tuesday as investors sought bargains following two days of declines as Chinese authorities pledged to stimulate the world's second-largest economy. China will step up measures to boost demand and stabilise employment and prices in the second half of the year to optimise economic outcomes, the country's Finance Ministry said on Tuesday, as policymakers strive to prop up faltering growth.
"Nifty has nullified the bearish signals from the downgap created on the previous day and has filled that downgap. It has closed at the highest ever on monthly charts. It will now face resistance at 17965-17992 band while 17522-17623 band could offer support," said Deepak Jasani, Head of Retail Research, HDFC Securities.
At close, Sensex ended up 417.92 points or 0.70 per cent at 60,260.13, and Nifty ended 119.00 points or 0.67 per cent higher at 17,944.25. About 2,019 shares have advanced, 1,405 shares declined and 132 remained unchanged.
BSE midcap ended up 0.64 per cent, whereas BSE SmallCap and BSE LargeCap closed 0.53 per cent and 0.71 per cent, respectively.
BSE IT index and BSE Consumer Durables index ended over 1 per cent up on Wednesday.
Bajaj Finserv, Bajaj Finance, Tech Mahindra, Bharti Airtel, among others were top gainers on the BSE on Wednesday.
"Bulls on Dalal Street kept the momentum going as Sensex zoomed past the psychological 60,000-mark and Nifty inched towards 18,000 level on the back of softening inflation and strong FII buying in the current month. While global factors remain hazy, India is seen as a bright spot in today's challenging times," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
Meanwhile, Asian markets were trading mixed on Wednesday following the Wall Street trades overnight.
European markets were trading lower after mixed cue from Wall Street, having struggled to build positive momentum so far this week.
"Bank Nifty is consolidating near 39,500 level where we can expect some profit booking towards 38,700-38,400 zone while if it sustains above 39,500 level then we can expect a move towards 40,000 level," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
At close, Sensex ended up 379.43 points or 0.64 per cent at 58,842.21, while Nifty closed up 127.10 points or 0.72 per cent at 17,825.25. About 1,995 shares advanced, 1,553 shares declined, while 157 shares remained unchanged on Tuesday.
Mahindra & Mahindra, Maruti Suzuki India, Asian Paints, Hindustan Unilever, Ultratech Cement and HDFC, among others, were the major gainers on the BSE.
"The easing of inflationary pressure has encouraged domestic investors to remain optimistic about the pace of economic recovery. Better-than-expected CPI numbers, aided by slower increase in food and fuel prices, may limit the pace of rate hikes by the RBI.
"In the Asian market, the Chinese central bank surprised the market by cutting its interest rates after a weak set of economic data. Following that, oil prices slumped on demand worries," said Vinod Nair, Head of Research at Geojit Financial Services.
In July, CPI inflation had moderated to 6.71 per cent, as against 7.01 per cent in June due to moderation in food inflation.
The moderation in food prices was led by decline in prices of meat and fish, and oil and fats. Whereas, June IIP growth moderated to 12.3 per cent, while growing sequentially by 0.1 per cent. On a sectoral basis, electricity production grew by 16.4 per cent, manufacturing by 12.5 per cent, and mining by 7.5 per cent.
Meanwhile, July core inflation (CPI excluding food, fuel, pan and tobacco) remained broadly sticky at 6.25 per cent, with a sequential pickup of 0.7 per cent. This was led mainly by rising costs of education, and clothing and footwear.
Meanwhile, Asian stocks remained mixed. The Nikkei share average ended 0.01 per cent lower and Shanghai Composite Index closed flat at 0.05 per cent. European shares extended gains on Tuesday.
"Markets will continue mirroring global peers for cues. Meanwhile, we suggest investors to continue maintaining a stock specific approach. Also, investors should keep a close watch on fluctuating crude prices and currency movement," said Ajit Mishra, VP - Research, Religare Broking Ltd.
At close, Sensex ended up 130.18 points or 0.22 per cent at 59,462.78, while Nifty closed 39.15 points or 0.22 per cent higher at 17,698.15. On the BSE, 1,828 shares advanced, 1,563 shares declined, while 152 shares remained unchanged.
BSE largecap ended 0.31 per cent up, while smallcap and midcap ended up 0.39 per cent and 0.15 per cent, respectively.
NTPC, Tata Steel, ICICI Bank, Power Grid Corporation of India, and Reliance Industries were among the top gainers on the BSE on Friday.
On the NSE, Nifty Energy ended up 502.20 points or 1.88 per cent, while oil & gas ended up 476.07 points or 2.47 per cent on the BSE.
"Return of FIIs and declining dollar index aided the market rally. While metals and oil & gas garnered buying interest, IT and pharma weighed on the sentiments. Oil & gas stocks were in focus as the government diverted some natural gas from industries to city gas operators in an effort to moderate the prices of CNG and piped cooking gas," said Vinod Nair, Head of Research at Geojit Financial Services.
Market participants said ahead of India's retail inflation data, benchmark indices ended marginally higher and registered fourth straight weekly gains.
The National Statistical Office is scheduled to release inflation data for July on Friday.
"Ahead of India's retail inflation data, benchmark indices settled higher for the fourth straight week. In an extremely volatile trading session on Friday, metal and private bank indices outperformed. The metal index rallied over 4.5 per cent and private banks rallied over 3.5 per cent. Despite strong momentum, profit booking was seen in FMCG and selective media stocks," said Amol Athawale, Deputy Vice President - Technical Research, Kotak Securities.
Earlier in the day, Asian stocks remained mixed. MSCI's broadcast index of Asia-Pacific shares outside Japan gained 0.1 per cent, while Australia AXJO was down 0.72 per cent. European stock market also edged higher on Friday.
"World stocks were headed for a fourth straight week of gains on Friday as investors scaled back views on how far US interest rates and inflation can climb, while oil recouped some of the previous week's losses," said Deepak Jasani, Head of Retail Research at HDFC Securities.
By 1 p.m., Sensex was trading up 175.73 points or 0.30 per cent at 58,475.53, and Nifty was trading 45.75 points or 0.26 per cent higher at 17,427.75.
Ultratech Cement, ICICI Bank, Bharti Airtel, Infosys, among others were major gainers of the Sensex during the afternoon trade.
"Markets were expecting a rate hike between 35-50 bps, so the RBI hike of 50 bps is on the higher side of the expectations. The RBI emphasized that it remains committed to the withdrawal of the liquidity to contain the inflation. However, the Governor did not mention that the signs of moderation in inflation are emerging in form of ease in metals and food commodities and inflation is expected to be within the tolerance limit at 5.8 per cent by Q4FY23," said Ritika Chhabra, Economic and Quant Analyst, Prabhudas Lilladher.
The RBI in its bi-monthly monetary policy has increased repo rate by 50 basis points to 5.40 per cent to contain inflation.
Consequently, the standing deposit facility rate adjusted to 5.25 per cent and marginal standing facility and the bank rate adjusted to 5.65 per cent.
The central bank has retained GDP and inflation forecast at 7.2 per cent and 6.7 per cent, respectively, for the current financial year.
"With inflation expected to remain above the upper threshold in Q2 and Q3, the MPC stressed that sustained high inflation could destabilise inflation expectations and harm growth in the medium term. The MPC, therefore, judged that further calibrated withdrawal of monetary accommodation is warranted to keep inflation expectations anchored and contain the second-round effects," RBI Governor Shaktikanta Das said.
The net interest income of the housing finance company rose by 26 per cent to Rs 1,610.19 crore, as compared to Rs 1,275.31 crore for the same period in the previous year. Net interest margin for the quarter stood at 2.54 per cent, as against 2.20 per cent the previous year.
Total revenue of the company grew 9 per cent to Rs 5,285.46 crore in the current quarter.
"With the easing of pandemic and better economic activity, there was an overall improvement in our segment. The hybrid work model has been widely accepted across the country, resulting in higher demand for better, larger residential units. This market trend assisted us with higher disbursements and improved financial performance during the current quarter," Managing Director & Chief Executive Officer Y. Viswanatha Gowd said.
Total disbursements were at Rs 15,201 crore, up 76 per cent, in the quarter under review as compared to Rs 8,652 crore in the corresponding period last year. Disbursements in the individual home loan segment were at Rs 13,131 crore as against Rs 7,650 crore in Q1FY22.
The Individual Home Loan portfolio stood at Rs 2.1 lakh crore, as against Rs 1.82 lakh crore as on June 30, 2021, up by 15 per cent.
The project loan portfolio stood at Rs 12,443 crore as on June 30, 2022, as against Rs 15,601 crore on the same date last year. The total outstanding loan portfolio grew 10 per cent to Rs 2.56 lakh crore from Rs 2.32 lakh crore in the earlier year.
Under IndAS 16, asset classification and provisioning changes for future credit loss are reported on an Expected Credit Loss (ECL) basis.
Investors also stayed on the sidelines ahead of the RBI's policy meet outcome on Friday.
In choppy trade, the 30-share BSE Sensex ended 51.73 points or 0.09 per cent lower at 58,298.80. During the day, it hit a low of 57,577.05 and a high of 58,712.66.
The broader NSE Nifty dipped 6.15 points or 0.04 per cent to finish at 17,382.
"Profit-taking finally came into play after 6-session gains, as rate-sensitive sectors like banking and realty faltered ahead of the RBI's policy meet outcome on Friday. Key indices pared most of their losses towards the end as strength in other Asian and European indices aided sentiment," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
Among the Sensex constituents, NTPC, State Bank of India, Axis Bank, Reliance Industries, Power Grid and Kotak Mahindra Bank were among the laggards.
Sun Pharma, Nestle, Infosys, Dr Reddy's, Wipro and Mahindra & Mahindra were among the major gainers.
"Taking positive momentum from the robust US economic data, the domestic market opened with gains, while worries over the US-China conflict kept investors on the defensive, leading to heavy volatility. Weak PMI and trade deficit data witnessed downside pressure on the Indian rupee and equity market," said Vinod Nair, Head of Research at Geojit Financial Services.
In Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended in the green.
European stocks were trading mostly higher during mid-session deals. The US markets had ended significantly higher on Wednesday.
Meanwhile, international oil benchmark Brent crude dipped 0.28 per cent to USD 96.51 per barrel.
Foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 765.17 crore on Wednesday, as per exchange data.
As per sources, although the schools were reopened on June 17, the students are yet to get their Biology and Geography books. While the government is yet to deliver the books to various schools, the new books are also not available in the market.
The Board of Secondary Examination (BSE) revised the syllabus for Class IX and X students. Pandemic Management has been added to the new syllabus of Biology and Disaster Management has been added to Geography.
So, the new books will arrive after the inclusion of the Management chapters, reports said. Already the students are reeling under Covid-19 loss due to the closure of schools, now the unavailability of books has added to their woes.
A Class X student, Subrat Parida said, “Pandemic Management will be included in Biology and Disaster Management in Geography. These two books are neither given to us nor available in the market. Teachers have assured us that we would get the books soon. Until then, we will have to depend on PDF.”
“We haven’t received Life Science and Geography books. There is a change in the syllabus, so the books are not yet available. We have been running to book stores, but they have been saying the books will be available in 15 days. Now, we have to depend on old books only,” said another Class X student of Jeypore Government High School.
Book vendor, Parthanag Pal said, “Every day 40-50 customers come to us asking for the books. Books are not available in the Board office. Students are returning sadly with no books. Teachers are asking them to study using PDF. How can they study using PDF?”
Similarly, headmaster of Saraswati Sishu Mandir, Bhubaneswar, Bishnucharan Sahu said, “Since, the government has revised the syllabus. It is very important to make the books available as soon as possible. Students have to prepare for exams very soon.”
On the other hand, Samir Ranjan Dash, School and Mass Education Minister said, “I think the books are available at book stores and also schools. I have no information about the books not being made available to students. Something must have happened in exceptional cases, but I will look into it.”
Worth mentioning, the Odisha government has revised the syllabus of Class 9 and 10 and introduced Disaster Management and Pandemic Management in the high school curriculum from 2022-23 academic session. The topics have been included in the Geography and Biology books of Class 9 and 10 respectively.
The changes have been effected by the Board of Secondary Education (BSE) in accordance with the instructions of the State government. The new syllabus has been made available on the official website of the Board of Secondary Education (BSE), Odisha www.bseodisha.ac.in
The Board has reportedly directed the District Education Officers (DEOs) and the headmasters of all schools to inform the students about the new subjects.
The changes have been effected by the Board of Secondary Education (BSE) in accordance with the instructions of the State government.
The new syllabus has been made available on the official website of the Board of Secondary Education (BSE), Odisha www.bseodisha.ac.in
One can easily log in to the website and access the new syllabus.
The Board has reportedly directed the District Education Officers (DEOs) and the headmasters of all schools to inform the students about the new subjects.
Earlier, speaking to media, School and Mass Education Minister Samir Ranjan Dash had informed, “We have already been through three phases of Covid-19 pandemic and there are talks about the fourth wave. To keep the students aware of the pandemic and make them mentally prepared for the future, topics on Covid-19 will be included in class 10 syllabus."
“Similarly, the climate change has emerged as a global threat. To make students aware, topics on climatic change will be included in the class 10 syllabus,” Dash had added.
"Due to the pandemic situation, 75 per cent syllabus was taught in the previous years. But, from the current academic session, 100 per cent syllabus of class 10 students will be covered and the Matric examination will be conducted accordingly," said the Minister.
Earlier, the Board of Secondary Education (BSE), Odisha had notified the scheme of assessment, syllabus breakup for 2022-23 academic session which was approved by the School and Mass Education Department in June 2022.
As per the official notification, the academic session for 2022-23 will be from May 2022 to April 2023, and it will be divided into two terms.
The first term will be from May to October 2022 and the second one will be from November 2022 to April 2023.
As per Board of Secondary Education, 100% syllabus will be followed in Class 9 and 10 for both Madhyama, HSC courses and for State Open School Certificate courses during academic session 2022-23.
The 30-share BSE benchmark jumped 619.27 points to 57,477.06. The broader NSE Nifty advanced 189.15 points to 17,118.75.
Among the Sensex constituents, Tata Steel, Bajaj Finserv, Asian Paints, Bajaj Finance, Mahindra & Mahindra, NTPC, Maruti Suzuki, Infosys, Power Grid and Kotak Mahindra Bank were the biggest gainers during the early trade.
Dr Reddy's and Sun Pharma were the only laggards.
In Asia, markets in Seoul and Tokyo were trading in the green, while Shanghai and Hong Kong quoted lower.
The US markets had ended higher on Thursday.
The BSE benchmark had jumped 1,041.47 points or 1.87 per cent to settle at 56,857.79 on Thursday. The Nifty advanced 287.80 points or 1.73 per cent to 16,929.60.
Meanwhile, international oil benchmark Brent crude dipped 0.02 per cent to USD 107.12 per barrel.
Foreign institutional investors became net buyers in the capital markets as they bought shares worth Rs 1,637.69 crore on Thursday, as per exchange data.
"In India, the big positive for the market is the FIIs reducing their selling substantially and even turning buyers for 8 days this month. The expected outperformance of financials has played out well. Q1 results indicate improving prospects for this segment," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The 30-share BSE Sensex fell 306.01 points or 0.55 per cent to settle at 55,766.22 dragged down by index heavyweight Reliance Industries.
During the day, the barometer declined 535.15 points or 0.95 per cent to 55,537.08.
The broader NSE Nifty dipped 88.45 points or 0.53 per cent to 16,631 as 31 of its constituents closed in the red.
"Bulls finally lost steam after surging ahead for the last six consecutive sessions as investors booked profit in automobile, oil & gas, and telecom stocks, even though gains in metals and select capital goods stocks capped losses. Investors traded with caution ahead of the Federal Reserve meet on Wednesday," Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd, said.
Among the Sensex constituents, Mahindra & Mahindra fell the most by 3.80 per cent.
Reliance Industries declined 3.31 per cent after the company's June quarter earnings failed to cheer investors.
The other laggards from the pack were Maruti Suzuki India, Kotak Mahindra Bank, UltraTech Cement, Tech Mahindra and Nestle.
Tata Steel, IndusInd Bank, Asian Paints, HCL Technologies, Wipro and NTPC were among the gainers.
"RIL's results, though impressive on the telecom and retail front, fell slightly below expectations in the refining space," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Infosys, which posted a 3.2 per cent increase in its June quarter profit and upgraded its revenue guidance for FY23, declined by 0.23 per cent.
"Fears of global economic slowdown along with reaction to a slew of major quarterly earnings dictated the trend in the domestic market. Recession fears are casting a shadow over the global markets as US and Euro business activity contracted unexpectedly owing to the downturn in manufacturing and service sectors," said Vinod Nair, Head of Research at Geojit Financial Services.
In the broader market, the BSE smallcap gauge dipped 0.13 per cent and midcap index ended marginally higher by 0.03 per cent.
Among the BSE sectoral indices, auto declined by 1.69 per cent, energy by 1.32 per cent, telecom by 0.96 per cent, oil & gas by 0.86 per cent, healthcare by 0.71 per cent and realty by 0.42 per cent.
Basic materials, industrials and metal were among the gainers.
Ajit Mishra, VP - Research, Religare Broking said that indications are in the favour of consolidation and volatility is expected to remain high, due to the prevailing earnings season and upcoming US Fed meeting outcome.
In Asia, markets in Tokyo, Shanghai and Hong Kong ended lower, while Seoul settled in the green.
Markets in Europe were trading in the green during mid-session deals. The US markets had ended on a lower note on Friday.
Meanwhile, international oil benchmark Brent crude jumped 1.24 per cent to USD 104.52 per barrel.
Foreign institutional investors offloaded shares worth Rs 844.78 crore on Monday, as per exchange data.
The 30-share BSE benchmark rose 390.28 points or 0.70 per cent to settle at 56,072.23. During the day, it advanced 504.1 points or 0.90 per cent to 56,186.05.
The broader NSE Nifty climbed 114.20 points or 0.69 per cent to 16,719.45.
Among the Sensex constituents, UltraTech Cement, HDFC, HDFC Bank, Axis Bank, ICICI Bank, Titan Company, Kotak Mahindra Bank and Hindustan Unilever were the lead gainers.
Infosys, NTPC, Power Grid, Wipro and IndusInd Bank were the major laggards.
The market breadth was in favour of the bulls, with 18 of the 30 Sensex stocks closing in the green.
In the broader market, the BSE smallcap gauge went higher by 0.21 per cent, while the midcap index dipped by 0.17 per cent.
A total of 1,781 stocks advanced, while 1,541 declined and 147 remained unchanged.
Among the BSE sectoral indices, bank jumped 1.49 per cent, followed by finance (1.36 per cent), basic materials (1.26 per cent) and realty (0.37 per cent).
Power, teck, telecom and IT were among the laggards.
"Equities witnessed strong rally this week with benchmark indices like BSE-30 and Nifty-50 index posting returns of 4 per cent. The market rally was broad-based with positive returns seen in BSE Midcap, BSE Smallcap and the majority of sectoral indices. BSE Metal, BSE IT and BSE Capital Goods indices moved higher by more than 5 per cent this week.
"Equity markets seem to have received support from the hope of peaking inflation amid a decline in commodity prices and the slowdown in FII selling. In fact, FIIs have been buyers for some days so far in July 2022...," Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.
In the near term, markets will be tracking the upcoming Fed Reserve meeting, currency movement and quarterly results, he added.
The rupee, meanwhile slipped, 5 paise to 79.90 against the US dollar.
In Asia, markets in Tokyo and Hong Kong settled higher, while Seoul and Shanghai ended lower.
Markets in Europe were trading in the green during mid-session deals. The US equity markets had ended higher on Thursday.
"Increased foreign investment and solid quarterly results are increasing domestic demand. Among broad-based buying, banking stocks outshined due to healthy quarterly earnings. European markets traded with modest gains, while investors digested the latest ECB monetary policy as it joined the global peers in policy tightening," said Vinod Nair, Head of Research at Geojit Financial Services.
Meanwhile, international oil benchmark Brent crude dipped 0.51 per cent to USD 103.33 per barrel.
"Falling crude oil prices and rebound in FII inflows into the domestic market helped benchmark Sensex to close above the psychological level of 56,000. The fear of aggressive rate hikes by both the US Fed and RBI seems to be moderating, which is giving investors some room to lap up stocks of companies with good fundamentals.
"Extending the rally for the sixth straight session, investors bought banking and select automobile stocks," Amol Athawale, Deputy Vice President - Technical Research, Kotak Securities Ltd, said.
Foreign institutional investors were net sellers on Thursday, offloading shares worth Rs 675.45 crore, as per exchange data.
"Markets extended gains and rose over half a per cent, in continuation of the prevailing trend. After the initial uptick, the benchmark oscillated in the range but finally settled around the day's high.
"Gains in banking, realty and auto supported the surge while IT, pharma and energy witnessed profit-taking. Meanwhile, the broader indices traded mixed," said Ajit Mishra, VP - Research, Religare Broking Ltd.
Markets ended on a bullish note for the sixth day in a row, as jubilant investors took heart from this week's signs that foreign funds (FIIs) have trickled back into Indian stock markets. FIIs have been net buyers on all the trading days of this week, according to Prashanth Tapse, Vice President (Research), Mehta Equities Ltd.
"Domestic equities continued its northbound journey on the back of positive global cues and better than expected 1QFY23 earnings. Nifty opened higher and sustained momentum to close near day high with gains of 114 points (0.7 per cent) at 16,719 levels.
"Global markets were positive despite a surprise rate hike of 50 basis points by the European Central Bank, its first hike in 11 years and weak German manufacturing PMI Data," Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, said.
Speaking to media, Dash said, “We have already been through three phases of Covid-19 pandemic and there are talks about the fourth wave. To keep the students aware about the pandemic and make them mentally prepared for the future, topics on Covid-19 will be included in class 10 syllabus. ”
“Similarly, the climate change has emerged as a global threat. To make students aware, topics on climatic change will be included in the class 10 syllabus,” Dash added.
"Due to the pandemic situation, 75 per cent syllabus was taught in the previous years. But, from the current academic session, 100 per cent syllabus of class 10 students will be covered and the Matric examination will be conducted accordingly," said the Minister.
Earlier on Saturday, the Board of Secondary Education (BSE), Odisha notified the scheme of assessment, syllabus breakup for 2022-23 academic session which was approved by the School and Mass Education Department in June 2022.
As per the official notification, the academic session for 2022-23 will be from May 2022 to April 2023, and it will be divided into two terms.
The first term will be from May to October 2022 and the second one will be from November 2022 to April 2023.
As per Board of Secondary Education, 100% syllabus will be followed in class 9 and 10 for both Madhyama, HSC courses and for State Open School Certificate courses during academic session 2022-23.
The 58-year-old lawmaker secured 72 per cent marks. He had appeared for the examination at Rujangi High School in Pitabari village of Kandhamal district this year.
Immediately after receiving news of his result, Kanhar offered prayers at a temple. People from all walks of life, including his voters, friends, and teachers of the school where he had written the examination congratulated him.
Kanhar is among the 5,17,847 students who have cleared the class 10 board examination.
He could not appear for the examination in 1978 due to family problems.
"I thank all the people who motivated me to write the papers. I will continue my study," the MLA said, adding there is no retirement age as far as education is concerned.
The 30-share BSE benchmark rallied 316.63 points to 55,423.97 in morning trade. The broader NSE Nifty was trading with a gain of 97.95 points at 16,514.30.
Unveiling the third monetary policy for 2022-23, RBI Governor Shaktikanta Das said the Indian economy remained resilient, and the central bank will continue to support growth.
RBI on Wednesday raised the interest rate by 50 basis points to a two-year high of 4.9 per cent as it doubled down to tame inflation that has surged in the last couple of months.
The rate hike comes on the back of a 40 basis points increase effected by RBI at an unscheduled meeting on May 4.
From the Sensex pack, Bajaj Finance, State Bank of India, Bajaj Finserv, Tata Steel, NTPC, HDFC Bank and Kotak Mahindra Bank were the major gainers.
In contrast, Reliance Industries, Bharti Airtel, Nestle, Asian Paints, HUL and ITC were among the laggards.
"RBI's projections of GDP growth rate of 7.2 per cent and inflation of 6.7 per cent for FY23 reflect a realistic monetary policy. The higher inflation projection indicates that the central bank recognises the seriousness of inflation and the 50 bps repo rate hike is a message that they are determined to anchor inflation expectations.
"The Governor's remark that the economy remains resilient and recovery has gathered momentum, is bullish from the market perspective," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Elsewhere in Asia, markets in Seoul, Tokyo and Hong Kong were trading in the green, while Shanghai quoted lower.
Stock markets in the US had ended with gains on Tuesday.
"In line with the expectation, RBI has increased the repo rate by 50 basis points and is already discounted by the market," said Ravi Singh, Vice President and Head of Research, Share India.
Meanwhile, international oil benchmark Brent crude jumped 0.34 per cent to USD 120.97 per barrel.
Foreign institutional investors offloaded shares worth Rs 2,293.98 crore on Tuesday, according to stock exchange data.
The 30-share BSE Sensex was trading 406.66 points lower at 55,519.08. The broader NSE Nifty declined 119.4 points to 16,542.
From the Sensex pack, Titan, Infosys, HDFC, HCL Technologies, Hindustan Unilever, TCS, Sun Pharma, RIL and Kotak Mahindra Bank were the major laggards.
In contrast, M&M, Tata Steel, Power Grid, Maruti Suzuki and NTPC were the gainers.
Elsewhere in Asia, markets in Seoul, Shanghai, Hong Kong and Tokyo were quoting with gains.
Stock markets in the US were closed for a holiday on Monday.
The Sensex rallied 1,041.08 points or 1.90 per cent to settle at 55,925.74 on Monday. The Nifty jumped 308.95 points or 1.89 per cent to close at 16,661.40.
Meanwhile, international oil benchmark Brent crude jumped 0.91 per cent to USD 122.78 per barrel.
Foreign institutional investors turned net buyers as they bought shares worth Rs 502.08 crore on Monday, as per stock exchange data.
"The dominant factor determining the market direction, going forward, would be the trend in the US market, which, in turn, would be determined by the inflation in the US and the Fed's response to it.
"A major headwind for the Indian economy and markets is crude spiking above USD 120 on EU sanctions on Russian oil," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The 30-share BSE Sensex rallied 693.56 points to 55,578.22 in early trade. The broader NSE Nifty jumped 213.75 points to 16,566.20.
From the Sensex pack, Infosys, Titan, HCL Technologies, Larsen & Toubro, Reliance Industries, UltraTech Cement, Wipro, TCS and HDFC were the major gainers in early trade.
In contrast, Dr Reddy's was the only laggard from the 30-share pack.
Elsewhere in Asia, markets in Seoul, Shanghai, Tokyo and Hong Kong were trading in the green.
Stock markets in the US ended significantly higher on Friday.
"Asian markets are trading on a positive side as investors are following trends of the US markets," said Mohit Nigam, Head - PMS, Hem Securities.
The Sensex rallied 632.13 points or 1.17 per cent to settle at 54,884.66 on Friday. The Nifty jumped 182.30 points or 1.13 per cent to end at 16,352.45.
International oil benchmark Brent crude gained 0.48 per cent to USD 120 per barrel.
Foreign institutional investors continued their selling spree as they offloaded shares worth Rs 1,943.10 crore on Friday, as per stock exchange data.
Rupee too took a breather as it has appreciated from its all-time low of 77.42 the previous day to 77.25 this morning.
Rupee has been under-pressure after global central banks started normalising policy and last week RBI too raised key interest rates.
At 10.27 a.m., Sensex was 0.02 per cent down at 54,456 points, whereas Nifty was 7 points up at 16,309 points.
"The mother market US has turned distinctly weak with Nasdaq, S&P 500 and Dow at 1-year lows. European markets are moving in tandem with the US markets. Relatively India is doing better thanks to the consistent buying by DIIs and retail investors," said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Retail investors should not rush in to buy aggressively now since the market is not at buyable valuations, Vijayakumar added.
"High quality stocks like leading financials may be bought in small quantities. Rupee depreciation, which may continue, will impart resilience to IT stocks."
The move came just ahead of the Federal Reserve's policy decision, with analysts expecting a similar move by the US central bank as well as the focus shifts to combating runaway price rise, exacerbated by geopolitical tensions.
After a choppy start, the 30-share BSE Sensex came under massive selling pressure following RBI's interest rate hike, closing 1,306.96 points or 2.29 per cent down at a two-month low of 55,669.03. This was its third straight session of loss.
On similar lines, the broader NSE Nifty tanked 391.50 points or 2.29 per cent to finish at 16,677.60.
The market capitalisation of all BSE-listed companies tumbled by Rs 6.27 lakh crore to stand at Rs 2,59,60,852.44 crore.
Bajaj Finance was the biggest loser in the Sensex pack, tumbling 4.29 per cent, followed by Bajaj Finserv, Titan, IndusInd Bank, HDFC Bank, Maruti and RIL.
Only three constituents managed to finish higher -- PowerGrid, NTPC and Kotak Mahindra Bank, rising up to 2.75 per cent.
In a move that will raise borrowing costs for corporates and individuals, the RBI on Wednesday after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation that has remained stubbornly above the target of 6 per cent for the last three months.
The Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das also raised the level of deposits banks are required to maintain a cash reserve by 50 bps to 4.5 per cent to suck out Rs 87,000 crore of liquidity from the banking system.
The CRR hike will be effective from May 21.
This is the first-rate hike since August 2018 and the first instance of the MPC making an unscheduled increase in the repo rate (the rate at which banks borrow from the RBI).
"The MPC's decision...is a surprise since it came on the LIC IPO opening date. MPC's proactive move is justified from the perspective of inflation management, but the timing leaves a lot to be desired.
"The above 1,000 point crash in Sensex has soured the sentiments on the opening day of India's largest IPO," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Unmesh Kulkarni, Managing Director Senior Advisor, Julius Baer India, said the MPC's action comes in the wake of concerns that RBI may have under-estimated inflation, and is behind the curve in changing its monetary policy stance.
"The markets have obviously been taken by surprise, and the 10-year benchmark g-sec yield jumped intra-day to 7.40 per cent. Given the enhanced government borrowing calendar this year, RBI has a tough job at hand, to manage the market's expectations of yields while seeing the weekly auctions through in a non-disruptive manner," he noted.
In the broader market, the BSE midcap gauge slumped 2.63 per cent while the smallcap index fell 2.11 per cent.
As many as 2,548 stocks declined, while 826 advanced and 101 remained unchanged.
Sectorally, BSE consumer durables fell the most by 3.88 per cent, followed by realty (3.31 per cent), consumer discretionary goods & services (3.01 per cent), healthcare (2.92 per cent) and telecom (2.73 per cent).
World markets were in wait-and-watch mode ahead of the Fed's policy decision.
Markets in Seoul and Hong Kong settled in the red, while Shanghai and Hong Kong were closed for holidays.
Bourses in Europe were also trading lower in the afternoon session.
Stock exchanges in the US surged in trade on Tuesday.
Meanwhile, international oil benchmark Brent crude jumped 3.12 per cent to USD 108.3 per barrel.
The rupee appreciated 8 paise to settle at 76.40 (provisional) against the US dollar on Wednesday.
Foreign institutional investors offloaded shares worth a net Rs 1,853.46 crore on Monday, according to stock exchange data.
The 30-share BSE benchmark was trading 648.25 points lower at 56,412.62. The NSE Nifty declined 185.3 points to 16,917.25.
From the Sensex pack,Titan, Asian Paints, Sun Pharma, Bajaj Finance, Infosys, Maruti and Bajaj Finserv were the early laggards.
In contrast, IndusInd Bank, NTPC and Axis Bank were the gainers.
Asian markets in Seoul and Tokyo were trading lower in mid-session deals.
Stocks in the US had ended significantly lower on Friday.
"Asian markets are trading negative in the early Monday trade. Financial markets in China, Hong Kong, Indonesia, Singapore, Taiwan and Thailand are closed on Monday for public holidays," said Mohit Nigam, Head - PMS, Hem Securities.
Meanwhile, international oil benchmark Brent crude dipped 0.87 per cent to USD 106.21 per barrel.
The BSE benchmark plummeted 460.19 points or 0.80 per cent to end at 57,060.87 on Friday. The Nifty tanked 142.50 points or 0.83 per cent to 17,102.55.
Foreign institutional investors again offloaded shares worth Rs 3,648.30 crore on Friday after they turned net buyers on Thursday, according to stock exchange data.
"The excessive volatility in the market is likely to continue for some time. The sharp sell-off in US markets on Friday is an indication of the nervousness and fear in the market caused by an increasingly hawkish Fed, rising dollar index and the prolonging war in Ukraine," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
As per the data provided by the Board, the exams will commence on April 29 and will continue till May 7.
Date Sheet for Class 10
April 29- Second Language
May 2- Mathematics
May 4- Science
May 5- First Language
May 6- Third Language
May 7- Social Science
Similarly, the BSE has also announced the date sheet for the Summative – 2 examinations of class – 9.
Date Sheet For Class 9
April 13- Second Language
April 16- Mathematics
April 18- Science
April 19- First Language
April 20- Social Science
April 21- Third Language
Earlier in the day, BSE president Ramasis Hazra said that the Summative Assessment 2 has been made mandatory for the students. “We have zeroed in on three types of processes to evaluate the papers and the highest mark from the three will be awarded to the examinee,” he said.
The exams for the BSE Summative -2 will be conducted in a single sitting on each exams day and will begin at 8 am and end at 10am. However, the examinations for the State Open School Certificate Examinations will be conducted in two sitting for three days from the total days of the exams. The second sitting will be from 11am till 1pm.
All the papers will bear a time limit of two hours to answer except for Mathematics, which will be of 2 hours and 15 minutes.