Posts in category Business Standard
Rupee yield to losses (28-03-2024)
At 83.4400 per Dollar
Core Industries Index Rises 6.7% On Year In February 2024 (28-03-2024)
The combined Index of Eight Core Industries (ICI) increased by 6.7 per cent (provisional) in February 2024 as compared to the Index of February 2023. The final growth rate of Index of Eight Core Industries for November2023 is revised to 7.9 per cent. The cumulative growth rate of ICI during April to February, 2023-24 is 7.7 per cent (provisional) as compared to the corresponding period of last year.
Stock market rallies on last day of fiscal year; Bajaj twins climb over 3% (28-03-2024)
The ongoing market surge can be attributed to a significant inflow of liquidity. Domestic Institutional Investors (DIIs) have injected about Rs 25,000 crore into the market over the past week, providing stability.
SRM Contractors IPO subscribed 86.57 times (28-03-2024)
The offer received bids for 37.57 crore shares as against 43.40 lakh shares on offer.
NSE SME IPO of Aluwind Architectural subscribed 35% (28-03-2024)
The offer received bids for 22.89 lakh shares as against 64 lakh shares on offer.
INR Dips Lower Amid Dollar Strength Ahead Of PCE Data; Firm Equities Limit Downside (28-03-2024)
The Indian rupee depreciated 6 paise to settle at 83.39 (provisional) against the US dollar on Thursday due to a strengthening greenback against major rivals overseas and rising crude oil prices in the international markets. The dollar index is staying put just above 104 mark on Thursday awaiting further cues from crucial data ahead. Investors are cautiously awaiting the upcoming US PCE price index report, a key inflation gauge for the Federal Reserve, which could impact monetary policy outlook. Fed Governor Christopher Waller said on Wednesday that the central bank could hold off on cutting interest rates amid strong inflation data. However, a firm trend in domestic equity markets and recent foreign fund inflows supported the domestic currency. At the interbank foreign exchange market, the local unit opened at 83.32 and oscillated between the intra-day peak of 83.30 and the lowest level of 83.40 against the greenback. The local unit finally settled at 83.39 (provisional), ...
Strong economy, steady inflows power Nifty to best fiscal since 2021 (28-03-2024)
India's growth has also outpaced its Asian peers, with the domestic economy speeding towards growth of 7.6% in fiscal 2024, the fastest among large economies
Australia Market closes near record high (28-03-2024)
Data on Wednesday showed that Australian consumer price inflation held at a two-year low in February, contrary to expectations for a slight uptick, making a case for interest rates to be cut later in the year. Meanwhile, data from the Australian Bureau of Statistics (ABS) showed that retail sales rose modestly in February
Japan Nikkei falls on ex-dividend selloff (28-03-2024)
At closing bell, the 225-issue Nikkei Stock Average index was down 594.66 points, or 1.46%, to 40,168.07. The broader Topix index of all First Section issues on the Tokyo Stock Exchange fell 48.47 points, 1.73%, to 2,750.81.
Hong Kong Market rebounds 0.9% (28-03-2024)
Xi pledged more policy support to improve its business environment in a meeting with more than a dozen US business executives from companies that included Blackstone, Pfizer and Qualcomm in Beijing on Wednesday, underscoring Beijings efforts to restore confidence and arrest a slide in foreign direct investment. He also dismissed the narratives that Chinas economy was collapsing and that growth had peaked, vowing a greater scope for foreign businesses and deeper reforms.