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INR firm at over two-week high amid positive local equities (20-08-2024)
The Indian rupee stayed firm for the second straight session and settled 8 paise higher at 83.79 (provisional) against the US dollar on Tuesday, buoyed by positive domestic equity markets, weak American currency and lower crude oil prices. Foreign fund outflow, however, resisted a sharp rise in the local unit. Indian shares eked out modest gains on Tuesday amid bets the Federal Reserve will cut interest rates next month after inflation finally dropped below 3 percent. The 30-share BSE Sensex ended the session up 378.18 points, or 0.47 percent, at 80,802.86, while the broader NSE Nifty index closed up 126.20 points, or 0.51 percent, at 24,698.85. At the interbank foreign exchange, the rupee opened at 83.86 against the greenback and traded in the range of 83.76 to 83.88. The unit finally settled at 83.79 (provisional) against the dollar, registering a gain of 8 paise from its previous closing level.
Indices gain amidst fed rate cut optimism; IT, financial stocks lead (20-08-2024)
Analysts said the latest data had eased fears of slowing economic growth in the US
MobiKwik turns profitable in FY24 with Rs 14.08 cr profit, revenue up 58.7% (20-08-2024)
The firm had posted its first-ever consolidated profit of Rs 3 crore during the first quarter of financial year 2024 (Q1 FY24)
Moneymart Securities Pvt standalone net profit rises 32.00% in the June 2024 quarter (20-08-2024)
Sales rise 29.65% to Rs 4.11 crore
Bharat Ekansh reports consolidated net loss of Rs 0.03 crore in the June 2024 quarter (20-08-2024)
Sales decline 86.67% to Rs 0.04 crore
Abans Finance Pvt standalone net profit rises 37.30% in the June 2024 quarter (20-08-2024)
Sales rise 54.61% to Rs 23.13 crore
Chhattisgarh State Power Distribution Co standalone net profit rises 44.49% in the June 2024 quarter (20-08-2024)
Sales rise 14.66% to Rs 6515.81 crore
Zydus Foundation reports standalone net loss of Rs 1.10 crore in the June 2024 quarter (20-08-2024)
Sales rise 19.19% to Rs 30.49 crore
Vastu Housing Finance Corporation standalone net profit rises 2.04% in the June 2024 quarter (20-08-2024)
Sales rise 14.91% to Rs 249.82 crore