Posts in category Business Standard
Customers shy away from market as gold price nears Rs 70,000 milestone (02-04-2024)
The gold price was Rs 28,430 per 10 gram a decade ago, up 141 per cent, giving a 9.2 per cent compounding annual return
China Market ends edge lower (02-04-2024)
The year-on-year decline in house prices in March shows that the real estate market has not yet recovered from its two-year slump. Data from research firm China Index Academy showed that prices of second-hand houses in 100 Chinese cities dipped 4.8% to 15,088 yuan per square meter.
Quick Wrap: Nifty Media Index records a surge of 1.85% (02-04-2024)
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Market snaps 3-day winning streak; Nifty holds 22,450; VIX drops 3.55% (02-04-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, was down 110.64 points or 0.15% to 73,903.91. The Nifty 50 index shed 8.70 points or 0.04% to 22,453.30.
UK Pound Sees Mild Recovery From Near 2-Month Low On Improving PMI Data (02-04-2024)
UK pound recovered some lost ground from a near two month low and climbed higher against the dollar during European session on Tuesday on the back of improved economic data. UK manufacturing sector showed tentative signs of recovery in March, as output and new orders increased following year-long downturns. The seasonally adjusted S&P Global UK Manufacturing Purchasing Managers Index (PMI) rose to a 20-month high of 50.3 in March, up from 47.5 in February and above the earlier flash estimate of 49.9. This was the first time the PMI has posted above the neutral 50.0 mark since July 2022. GBPUSD futures rebounded to $1.2573, up 0.22% on the day after having dipped to a near 2-month low of $1.2543. Meanwhile, broad strength in US dollar index futures overseas also weighed on the pair since last few days. The dollar index futures that measure the greenback against a basket of currencies raced to 104.72 after US ISM business activity report from March yesterday reported highest growth
Som Distilleries rallies as board OKs stock split (02-04-2024)
Som Distilleries and Breweries gained 4.22% to Rs 292.90 after its board approved sub-division of equity share capital of face value of Rs 5 each into equivalent number of equity shares having a face value of Rs 2 each.
Australia Market ends 0.1% down (02-04-2024)
At closing bell, the benchmark S&P/ASX200 index fell by 8.99 points, or 0.11%, to 7,887.87. The broader All Ordinaries index dropped 7.97 points, or 0.1%, to 8,145.78.
Mahindra Finance rises as disbursements grow 9% YoY in Mar’24 (02-04-2024)
Mahindra & Mahindra Financial Services rallied 3.10% to Rs 295.75 after the company recorded an overall disbursement of approximately to Rs 6,100 crore in March 2024, delivering 9% year on year (YoY) growth.
Servotech Power hits the roof on joining hands with Electra EV (02-04-2024)
Servotech Power Systems was locked in an upper circuit of 5% to Rs 85.50 after the company and Electra EV has collaborated for innovative EV charging technologies.
CAMS soars as subsidiary takes center stage in India’s digital insurance push (02-04-2024)
Computer Age Management Services (CAMS) surged 5.40% to Rs 3154.55 after the company announced its subsidiary, CAMS Repository (CAMSREP), will handle the issuance of all digital insurance policies in India.