Posts in category Business Standard
Persistent Systems hits 52-week high on acquiring US firm for $20.7 mn (03-07-2024)
Persistent Systems Inc., the US-based subsidiary of company, entered into a stock purchase agreement on July 2, 2024, to acquire Starfish Associates for a total acquisition cost of $20.7 million
INR softens depsite local equities hitting record highs (03-07-2024)
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V-Mart up 5% after Q1 biz update impresses investors; store sales up 11% (03-07-2024)
Shares of retail chain operator V-Mart Retail jumped as much 4.77 per cent to hit a fresh 52-week high of Rs 3,030.25 per share on Wednesday
HDFC Bank jumps on anticipation of higher MSCI weighting (03-07-2024)
HDFC Bank surged 3.16% to Rs 1785.25 on speculation of a potential increase in its weightage within the MSCI index.
India’s Services PMI Holds Strong At 60.5 In June (03-07-2024)
Reportedly due to higher food, fuel and labour costs, service providers recorded a moderate increase in their average expenses. The pace of inflation was nevertheless the weakest in four months. Subsequently, selling prices also rose at the slowest pace since February.
Kingdon never disclosed any relationship with Hindenburg: Kotak Mahindra Bank (03-07-2024)
Kingdon informed KMIL that the transactions were made on a principal basis, i.e. for themselves, said the bank in a stock exchange filing
Sensex sees third fastest 5,000-point gain in history to reach 80,000 mark (03-07-2024)
The fastest 5,000-point rally for the Sensex was nearly three years ago (September 24, 2021) when the index hit an intraday high of 60,333 in a span of just 28 trading days
IEX share price up 3% on strong Q1 update; electricity volumes jump 25% (03-07-2024)
The rise in the share price came after IEX announced a strong Q1 power market update
US Dollar Index Stays Defensive Ahead Of US Data; FOMC Minutes (03-07-2024)
The US dollar lacks luster during Asian hours on Wednesday with investors eyeing further course of action by the Federal Reserve following this weeks leads on monthly jobs report and FOMC minutes. US benchmark treasury yields and dollar pulled back following dovish remarks by Fed chair Powell. Powell stated on Tuesday that the US is progressively slowing, but more data is needed before cutting rates to confirm that recent lower inflation readings accurately reflect the economy. "We just want to understand that the levels that we're seeing are a true reading of underlying inflation," Powell said in a speech at a European Central Bank-sponsored central banking forum in Sintra, Portugal. Currently, dollar index futures are staying flat at 105.46 whereas 10-year yields are quoting at 4.4%. Meanwhile, JOLTS report showed US job openings rose to 8.140 million on the last day of May from Aprils downwardly revised figure of 7.092 million. Investors now look forward to the release of the FOMC
Volumes spurt at Laurus Labs Ltd counter (03-07-2024)
Laurus Labs Ltd notched up volume of 2.17 lakh shares by 10:47 IST on BSE, a 5.4 fold spurt over two-week average daily volume of 40094 shares