Posts in category Business Standard
Canara Bank spurts 0.16%, up for five straight sessions (04-04-2024)
Canara Bank is quoting at Rs 607.9, up 0.16% on the day as on 12:44 IST on the NSE. The stock is up 113.86% in last one year as compared to a 27.97% gain in NIFTY and a 95.04% gain in the Nifty PSU Bank.
RBL Bank Ltd spurts 1.15%, gains for fifth straight session (04-04-2024)
RBL Bank Ltd is quoting at Rs 255.5, up 1.15% on the day as on 12:44 IST on the NSE. The stock is up 81.59% in last one year as compared to a 27.97% jump in NIFTY and a 15.11% jump in the Nifty Private Bank.
UK Pound Bounces From 2-Month low Against Dollar (04-04-2024)
The UK pound received support above $1.26 mark as dollar faced downward pressure and reversed from a near seven week high. The dollar index futures that measures the greenback against a basket of currencies was trading on the sidelines at 103.99 following mixed cues from Fed Powells speech and awaiting further cues from Fridays non-farm data. Powell said that reducing rates too soon or too much could result in a reversal of the progress we have seen on inflation and ultimately require even tighter policy to get inflation back to 2 percent. However he also emphasized that easing policy too late or too little could unduly weaken economic activity and employment. Thus as conditions evolve, monetary policy is well positioned to confront either of these risks, he added. GBPUSD pair is quoting at $1.2663, marginally up on the day and coming off its lowest level in nearly two months. UK services PMI is due for the day. On the NSE, GBPINR futures are trading at 105.67, up 0.38% on the day.
Why has Tesla stock tanked over 33% in 3 months? Here are 4 key reasons (04-04-2024)
Even before the sales numbers were unveiled, traders were aggressively selling off Tesla stock. The sell-off was attributed by analysts to a cooling-off in the electric vehicle (EV) market
Why are Tesla shares falling since January 2024? Here are 4 reasons (04-04-2024)
Even before the sales numbers were unveiled, traders were aggressively selling off Tesla stock. The sell-off was attributed by analysts to a cooling-off in the electric vehicle (EV) market
India Services Sector PMI Rise To 61.2 In March (04-04-2024)
The flash HSBC services purchasing managers' index rose to 61.2 in March from 60.6 in February. A score above 50 indicates expansion in the sector.
Vedanta gains after aluminum production rises to .5.98 lah tonnes in Q4 (04-04-2024)
Vedanta advanced 2.26% to Rs 305.30 after the miner company informed that its total aluminum production jumped 4% to 5,98,000 tonnes in Q4 FY24 as compared with 5,74,000 tonnes in Q4 FY23.
Benchmarks turn rangebound; PSU banks slide (04-04-2024)
At 12:27 IST, the S&P BSE Sensex, was down 26.41 points or 0.04% to 73,849.40. The Nifty 50 index lost 38.05 points or 0.17% to 22,396.60.
HSBC India Services PMI Reaches 61.2 in March (04-04-2024)
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Congress party expels former MP Sanjay Nirupam for indiscipline (04-04-2024)
The Maharashtra Congress swiftly moved and passed a resolution calling for the expulsion of Nirupam. This resolution was promptly forwarded to the party's high command in Delhi for further actions. In a strong stance, Nirupam's name has been omitted from the party's list of star campaigners, underscoring the severity of the party's decision.