Posts in category Business Standard
Sensex at new heights: Long-term growth prospects hold India in good stead (10-04-2024)
'There are many reasons for the success of Indian equities, but three key reasons stand out'
Outflow from smallcap funds for first time in 30 months due to rebalancing (10-04-2024)
Rs 22,600 crore inflow in equity schemes, despite 16% MoM decline
Banks prefer high premium corp, state bonds over G-secs in HTM portfolio (10-04-2024)
Banks must categorize bonds as 'held-to-maturity' on a permanent basis, with the exception of 5 per cent of the portfolio that can be withdrawn throughout the year, according to the new norms
IndiGo pips Southwest to become world’s 3rd most valuable airline by mcap (10-04-2024)
IndiGo's share price jumped by 4.73 per cent to Rs 3,806 on Wednesday, thereby elevating its market capitalisation to $17.605 billion
Liquid funds outflow exceeds Rs 1.5 trillion in March, shows data (10-04-2024)
Debt funds took a beating but sectoral funds soared in March, reflecting dynamic market sentiments
Rising speculative bets stoke RBI crackdown on currency derivative (10-04-2024)
Volumes up 3x post Covid; 2/3rd participation by prop traders
Market inches upward, eye US data for direction (10-04-2024)
Domestic equity benchmarks ended with modest gains today, with the Nifty 50 breaching the 22,750 mark. Most sectors gained, led by FMCG and metals. The positive momentum mirrored global trends, but gains were capped by caution ahead of key US data releases. Investors are eyeing the FOMC minutes and US inflation data later today, worried a hot inflation report could dampen hopes of a rate cut. Fitch's downgrade of China's credit rating added another layer of uncertainty.
INR Settles Higher On Positive Equities And Muted Dollar Overseas (10-04-2024)
The Indian rupee appreciated 12 paise to close at 83.19 (provisional) against the US dollar on Wednesday, as equity benchmarks climbing to all-time high levels and a weak greenback against major currencies overseas boosted investor sentiment. At the interbank foreign exchange market, the local unit opened at 83.23 against the greenback. The unit hit an intraday high of 83.15. Global cues were mixed as investors awaited cues from U.S. inflation readings, the FOMC minutes and the ECB policy meeting. Currently, DXY futures are trading at 103.91. The benchmark S&P BSE Sensex moved in a narrow range before ending the session up 354.45 points, or 0.47 percent, at 75,038.15. The broader NSE Nifty index settled 111.05 points, or 0.49 percent, higher at 22,753.80.
Rupee bounces back (10-04-2024)
At 83.2250 per Dollar
Fenesta achieves Rs 1,000 cr order book in FY24 (10-04-2024)
Fenesta has achieved a major milestone of achieving Order booking of Rs 1000 crore in FY24 across its multiple segments, which includes UPVC and aluminium windows and doors, solid panel doors and facades. Fenesta has also surpassed the Rs 200 crore mark in the order booking of aluminium windows and doors category.