Posts in category Business Standard
Dollar Index Takes Charge Above 104 Mark (22-03-2024)
Dollar Index Reclaims 104 Mark for the first time this month and is coming off previous day sharp losses. The bullish momentum in the greenback is coming on the back of improving labor market data and after FOMC decision to keep rates unchanged. The FOMC Committee reiterated that it does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent. Initial Jobless Claims for the week ending March 15 came in at 210K, lower than the 215K expected. Meanwhile, S&P Global's Purchasing Managers Survey for March showed a slight decrease in the Services PMI, dropping from 52.3 to 51.7. Conversely, there was an increase in the Manufacturing PMI, rising from 52.2 to 52.5. The Composite PMI, which stood at 52.5 in February, showed a slight dip to 52.2. The dollar index also gained strength after Swiss National Bank cut its benchmark interest rate yesterday even as Fed is expected to keep interest ..
Medico Remedies Ltd leads losers in ‘B’ group (22-03-2024)
V R Films & Studios Ltd, Rama Steel Tubes Ltd, Heads UP Ventures Ltd and Sadbhav Engineering Ltd are among the other losers in the BSE's 'B' group today, 22 March 2024.
Volumes spurt at Laxmi Organic Industries Ltd counter (22-03-2024)
Laxmi Organic Industries Ltd registered volume of 124.81 lakh shares by 14:14 IST on NSE, a 18.65 fold spurt over two-week average daily volume of 6.69 lakh shares
Market near days high; auto shares gears up (22-03-2024)
At 14:27 IST, the barometer index, the S&P BSE Sensex, was up 309.77 points or 0.43% to 72,950.96. The Nifty 50 index added 134.45 points or 0.61% to 22,146.40.
JSW Holdings surges 10% on bulk deal of 59k shares worth Rs 6,253 cr (22-03-2024)
The share price of JSW Holdings, the investment arm of JSW Group saw a sharp jump of 10.2 per cent at Rs 6,876 in Friday's intraday trade after the company sold its shares through a bulk deal on Thurs
Neuland Laboratories spurts as Hyderabad unit clears USFDA inspection (22-03-2024)
Neuland Laboratories jumped 5.71% to Rs 6,400.65 after the firm said that its manufacturing facility located at Hyderabad has successfully completed the United States Food and Drug Administration (USFDA) inspection with zero observations.
Information Technology shares slide (22-03-2024)
Information Technology stocks were trading with losses, with the S&P BSE IT Sector index falling 679.96 points or 1.86% at 35874.38 at 13:46 IST.
ED arrests Delhi CM Kejriwal in alleged liquor scam (22-03-2024)
The case centers on the discontinued liquor policy due to corruption allegations, where private entities were allegedly provided wholesale liquor business with a 12% fixed margin and a six percent kickback. Additionally, they were accused of influencing the Punjab and Goa elections in early 2022. Earlier, Manish Sisodia and Sanjay Singh were arrested in connection with the same case.
Newly listed automation stk at 10% upper circuit; up 110% over issue price (22-03-2024)
The company had a strong order book position of Rs 3,242 crore at the end of December quarter (Q3FY24)
Nifty climbs above 22,100; European stocks open higher (22-03-2024)
At 13:26 IST, the barometer index, the S&P BSE Sensex, was up 204.99 points or 0.28% to 72,846.18. The Nifty 50 index rose 93.20 points or 0.42% to 22,105.15.