Posts in category Business Standard
Rising speculative bets stoke RBI crackdown on currency derivative (10-04-2024)
Volumes up 3x post Covid; 2/3rd participation by prop traders
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.
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.
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.
Piramal Pharma forays into men’s grooming market in India with launch of BOHEM (10-04-2024)
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Infosys partners with Intel to deliver advanced AI services to global enterprises (10-04-2024)
Infosys Topaz - an AI-first set of services, solutions and platforms that help enterprises accelerate business value using generative AI technologies, will adopt Intel-based solutions, including Intel Xeon processors, Intel Gaudi accelerators, Intel Core Ultra Processors, software, and future generation products, to enable customers to integrate Gen AI into their businesses and adhere to the emerging guardrails of AI.
Reliance Infra slumps as court orders to refund amount paid by DMRC (10-04-2024)
Reliance Infrastructure was locked in lower circuit of 20% to Rs 227.40 after the company informed that the Supreme Court has allowed the curative petition filed by Delhi Metro Rail Corporation (DMRC) against Delhi Airport Metro Express (DAMEPL).
Oil India reports of leakage at BGN#24 at Dighaltarang Tea Estate, Assam (10-04-2024)
OIL personal rushed to the site and controlled the leak at around 2:20 am today. The District Administration was informed and officials from the Administration was present at site to assess and address the situation. Proactively, fire service was mobilised, and fire service crew is kept stand by.
IndiGo world’s third largest airline by mcap as shares hit record high (10-04-2024)
In December 2023, IndiGo airline surpassed United to become the sixth largest airline in the world