The Indian smartphone market grew 3.2% with 39 million units shipment in the second quarter of 2024, market research firm International Data Corporation said on Tuesday.

On Monday, Indian investors remained largely unfazed by the recent Hindenburg allegations against SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch. Despite predictions of a market crash, the benchmark indices ended the day relatively flat. The Sensex closed down 57 points at 79,648, and the Nifty ended down 20 points at 24,347. During intra-day trading, the Sensex briefly surged over 300 points, surpassing the 80,000 mark

The amendments came from the Competition (Amendment) Act, 2023, which introduced new provisions and updating the existing ones in the Competition Act, 2002. The CCI has proposed updates to align the general regulations with the latest framework.

From a technical standpoint, Om Mehra of SAMCO Securities suggested that if the upward momentum persists, the Nifty50 could potentially reach 22,750 and even surpass its all-time high of 22,794.70. Similarly, Khemka expects overall positive market sentiment to continue.

Among the Sensex components, Power Grid, Nestle, Asian Paints, IndusInd Bank and Tata Steel were the major gainers. JSW Steel and Axis Bank were the laggards.

Key gainers among the Sensex constituents included Power Grid, Mahindra & Mahindra, Asian Paints, Tata Steel, Sun Pharma, and HDFC Bank, reflecting broad-based optimism among investors. However, Kotak Mahindra Bank, Maruti, Wipro, and Titan experienced marginal declines.

With an 8.9 per cent annual rise in current dollar value terms, the world services exports surpassed $7.9 trillion in 2023, read the report.

Global investors remain bullish on Modi's leadership, foreseeing a continued influx of overseas capital post-elections. Both Goldman Sachs and JPMorgan anticipate a positive market response, with the BJP positioned as the favorite to secure victory.