Posts in category Business Standard
Indices edge higher in early trade; breadth positive (02-05-2024)
At 09:25 IST, the barometer index, the S&P BSE Sensex, advanced 153.46 points or 0.20% to 74,627.36. The Nifty 50 index added 40.70 points or 0.18% to 22,645.55.
Hindustan Petroleum Corporation Ltd Spikes 3.8% (02-05-2024)
Hindustan Petroleum Corporation Ltd has added 6.59% over last one month compared to 3.53% gain in S&P BSE Oil&Gas index and 0.66% rise in the SENSEX
US Stocks finish mixed after Fed holds rate steady (02-05-2024)
The central bank voted to keep its benchmark interest rate in a range of 5.25%-5.50%, a 23-year high, at the conclusion of its two-day policy meeting. The fed funds rate has been in this range since July 2023. In a policy statement, Fed officials said, "In recent months, there has been a lack of further progress towards the committees 2% inflation objective." Officials reiterated more clarity in the outlook for inflation returning to target will be needed before cutting rates.
Bajaj Auto April sales volumes grow 17% (02-05-2024)
The company's domestic sales rose 17% to 2,49,083 units while exports rose 18% to 1,39,173 units in April 2024.
L&T Technology Services collaborates with FORVIA (02-05-2024)
For development of engine technologies for ultra-low emission and clean mobility
Adani Ports achieves 12% growth in handled cargo volumes in April’24 (02-05-2024)
Growth was recorded across the three broad cargo categories i.e., Dry (+7% YoY), Liquid & Gas (+29%), and Container (+14%).
Gold price falls Rs 10 to Rs 71,500, silver falls Rs 100 to Rs 82,900 (02-05-2024)
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 65,690, Rs 65,540, and Rs 66,340, respectively
Asian stocks off to shaky start as US Fed flags delays to rate cuts (02-05-2024)
Much of Asia is returning from a holiday that had closed markets on Wednesday, though Chinese bond, currency and stock markets remain shut through the rest of the week
Hero MotoCorp sells 5.33 lakh units in April 2024 (02-05-2024)
Hero MotoCorp sold 533,585 units of motorcycles and scooters in April 2024. This translates into a robust 34.7% growth over the corresponding month (April 2023), when it had sold 3.96 lakh units and a sequential growth of 9% over the previous month's (March 2024) sales of 490,415.