The Indian rupee weakened to a record low on Friday and logged its worst weekly fall since May, pressured by sustained outflows from local stocks and expectations of a stronger dollar after Donald Trump won the U.S. election.
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Life Insurance Corporation of India consolidated net profit declines 3.76% in the September 2024 quarter (08-11-2024)
Sales rise 11.54% to Rs 120325.66 crore
Stock market update: Stocks that hit 52-week lows on NSE in today’s trade (08-11-2024)
Trent, Coal India Ltd, Asian Paints, Tata Steel and Shriram Finance were among the top losers on NSE in today’s trade.
Losses in blue-chip stocks drag markets down (08-11-2024)
Stock markets closed lower for the second straight day on Friday amid relentless foreign fund outflows and losses in blue-chip stocks Reliance Industries, ICICI Bank and State Bank of India. Benchmark BSE Sensex declined by 55.47 points or 0.07 per cent to settle at 79,486.32. During the day, it tanked 424.42 points or 0.53 per cent to 79,117.37.
PFC Q2 Results: Profit rises nearly 9% to Rs 7,215 cr (08-11-2024)
State-owned Power Finance Corporation (PFC) on Friday posted nearly 9 per cent rise in consolidated net profit at Rs 7,214.90 crore for September quarter mainly on the back of higher revenues.
INR hits fresh lifetime lows amid persistent foreign fund outflows (08-11-2024)
The Indian rupee declined for the third straight session down 5 paise to hit a new lifetime low of 84.37 (provisional) against the US dollar on Friday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities. Indian shares moved in a narrow range before finishing marginally lower on Friday after a busy week of central bank meetings and Donald Trump’s victory in the U.S. presidential election. The benchmark 30-share BSE Sensex ended the session down 55.47 points, or 0.07 percent, at 79,486.32, extending declines for a second straight session. The broader NSE Nifty index dropped 51.15 points, or 0.21 percent, to 24,148.20. At the interbank foreign exchange, the rupee opened at 84.32 against the US dollar. During the session, the local currency touched a high of 84.31 and a low of 84.38. It finally settled at 84.37 (provisional), a loss of 5 paise against its previous close.
Stock market update: Nifty Bank index 0.68% (08-11-2024)
The Nifty Bank index closed 0.68 per cent at 51561.20.
Supreme Court’s notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt (08-11-2024)
The Supreme Court has requested a response from the Karnataka government and Deputy Chief Minister D.K. Shivakumar regarding a plea challenging the withdrawal of consent for a CBI probe into a disproportionate assets case against Shivakumar. The CBI is challenging the state government’s decision, which overturned a previous BJP government’s sanction for the investigation.