Posts in category Business Standard
Sebi comes out with directive on regulatory fee for BSE; stock tanks 19% (29-04-2024)
Leading stock exchange BSE is expected to shell out more regulatory fee after the markets watchdog Sebi asked the bourse to pay the fee based on the "notional value" of its options contracts rather than on the premium value.
Also, the exchange has been asked to remit the differential payment for past years with interest. Initial data provided by BSE suggest an outgo of Rs 165 crore plus GST by the exchange.
Reacting to the development, shares of BSE have slumped as much as 18.64 per cent to an intra-day low of Rs 2,612.0 on the NSE on Monday. Finally, the stock settled 13.31 per cent lower at Rs 2,783 on the NSE.
There could be an increase in the BSE's regulatory fee payments to Sebi due to the significant variance between the notional and premium values. This discrepancy arises from the calculation method, which involves multiplying the contract size by the underlying price.
Notional turnover represents the overall strike price of all contracts traded in derivatives, whereas premi
Congress candidate withdraws nomination for Indore Lok Sabha seat, joins BJP (29-04-2024)
Acknowledging Bam's decision, BJP leader Kailash Vijayvargiya publicly extended a warm welcome to him as he joined the BJP.
Jumbo Bag standalone net profit rises 233.33% in the March 2024 quarter (29-04-2024)
Sales rise 19.90% to Rs 26.93 crore
Lagnam Spintex standalone net profit rises 380.26% in the March 2024 quarter (29-04-2024)
Sales rise 65.60% to Rs 149.65 crore
Tata Chemicals reports consolidated net loss of Rs 850.00 crore in the March 2024 quarter (29-04-2024)
Sales decline 21.15% to Rs 3475.00 crore
eMudhra consolidated net profit rises 32.66% in the March 2024 quarter (29-04-2024)
Sales rise 29.79% to Rs 99.69 crore
Sensex soars 941 pts, Nifty ends near 22,650, ICICI Bank soars over 4% (29-04-2024)
Equity bulls charged out of the gate today! The Nifty soared past 22,600, fueled by rally in banks shares. Positive earnings from US tech giants and a dip in US bond yields supported the sentiment. While realty and IT stocks lagged behind, overall sentiment remains optimistic thanks to easing Middle East tensions and stable corporate earnings. All eyes are on the upcoming Fed policy decision and US jobs data as market's next move hinges on them.
Satin Creditcare spurts after Q4 PAT climbs 33% YoY (29-04-2024)
Satin Creditcare Network rallied 6.19% to Rs 269.40 after the company's net profit jumped 32.71% to Rs 125.28 crore on 54% increase in total income to Rs 593.91 crore in Q4 March 2024 over Q4 March 2023.
INR Slides As Investors Turn Cautious Ahead Of FOMC (29-04-2024)
The Indian rupee declined 10 paise to close at 83.48 (provisional) against the US dollar on Monday, as investors remained cautious ahead of the US Federal Reserve's monetary policy decision. Investors are eying FOMC due this week as economic data indicates that inflationary pressures are staying firm. Data from the Commerce Department showed the Federal Reserve's preferred measure of inflation, the personal consumption expenditures price index, exceeded expectations on an annual basis in March. The report said the annual rate of consumer price growth accelerated to 2.7% in March from 2.5% in February. US benchmark treasury yields are staying elevated at 4.6% and dollar index hovers very close to 106 mark. Meanwhile, a robust sentiment in the domestic equity market and softening crude prices in the international market, cushioned the downfall in the Indian currency. The benchmark S&P BSE Sensex ended the session up 941.12 points, or 1.28 percent, at 74,671.28 after U.S. equities ..