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    Home»Stock Market»Stock Market Highlights: Bulls take Sensex 1,131 pts higher, Nifty soars above 22,800 on global cues
    Stock Market

    Stock Market Highlights: Bulls take Sensex 1,131 pts higher, Nifty soars above 22,800 on global cues

    March 18, 20251 Min Read


    Indonesia’s finance minister denied rumours of her imminent resignation and pledged to maintain fiscal discipline at a hurriedly called press conference announced after the country’s benchmark index plunged to a multi-year low on Tuesday.

    Indonesian stocks fell as much as 7.1% on Tuesday and the rupiah slid to a two-week low against the dollar, pressured by concerns over the government’s fiscal strategy and growth prospects a day before a central bank review of monetary policy.

    The drop, which also follows rumours of resignation of Sri Mulyani Indrawati in the market, also led to a 30-minute trading halt on breaching the 5% mark. “We are here, we are responsible,” she told a press conference. “I will not step down.” Sri Mulyani said adding state budget deficit will be maintained at 2.53% of GDP in 2025, below the 3% legal ceiling.



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