Posts in category Business Standard
INR Recovers From Record Low Levels (26-03-2024)
The Indian rupee recovered from lifetime low level hit on Friday and appreciated 33 paise to close at 83.28 (provisional) against the US dollar on Tuesday amid easing US dollar from recent highs and positive Asian currencies. Weak domestic markets and surge in crude oil prices however capped sharp gains for the local unit. The benchmark S&P BSE 30-share Sensex ended the session down 361.54 points, or half a percent, at 72,470.30 on concerns that rising oil prices may stoke inflationary pressures and result in increased deficits. The broader NSE Nifty index settled 92.05 points, or 0.42 percent, lower at 22,004.70 ahead of upcoming F&O expiry. At the interbank foreign exchange market, the local unit opened at 83.33 against the greenback. The unit hit an intra-day high of 83.26 and a low of 83.37. Meanwhile, India's finance ministry said in its monthly economic review last week that inflation and economic growth are at risk from the rise in oil prices caused by disruptions in .
Nifty holds 22K despite modest losses, banks & IT dip (26-03-2024)
Domestic indices shed some points today, ending their three-day rally. Light trading due to the truncated week kept things subdued. The benchmark Nifty held the 22,000 mark. While realty stocks surged, banks and IT took a hit. Interestingly, broader indices outperformed the benchmark indices.
SRM Contractors IPO subscribed 3.56 times (26-03-2024)
The offer received bids for 1.54 crore shares as against 43.40 lakh shares on offer.
Nifty March futures trade at premium (26-03-2024)
NSE India VIX climbed 4.90% as shares slipped.
Quick Wrap: Nifty Media Index declines 1.66% (26-03-2024)
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Market snaps 3-day gains; Nifty ends at 22,004.70; VIX spurts 4.9% (26-03-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex slipped 361.64 points or 0.50% to 72,470.30. The Nifty 50 index lost 92.05 points or 0.42% to 22,004.70.
Dhani Services Ltd leads losers in ‘A’ group (26-03-2024)
Hindustan Construction Company Ltd, Hindware Home Innovation Ltd, Kirloskar Brothers Ltd and KIOCL Ltd are among the other losers in the BSE's 'A' group today, 26 March 2024.
SpiceJet spurts on inking pact with EDC to resolve Rs 755-cr liabilities (26-03-2024)
SpiceJet surged 5.17% to Rs 61.79 after the company announced that it has signed a settlement agreement with Export Development Canada (EDC), to settle liabilities worth Rs 755 crore ($90.8 million).
TRAI releases recommendations on Usage of Embedded SIM for Machine-to-Machine Communications (26-03-2024)
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Speculative Net Longs In Euro Slide (26-03-2024)
Large currency speculators net long positions in the Euro futures market fell lower, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 48342 contracts in the data reported through March 19, 2024. This was a weekly fall of 26065 net contracts with net long position falling to its lowest level since October 2022.