Posts in category Business Standard
T+0 settlement beta version from next week, Sebi issues guidelines (21-03-2024)
The new framework will come into force from March 28
Paisalo Digital allots 44.90 cr equity shares under bonus issue (21-03-2024)
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RBI finalises Omnibus Framework for recognising Self-Regulatory Organisations for its Regulated Entities (21-03-2024)
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SEBI introduces Beta version of T+0 rolling settlement cycle on optional basis (21-03-2024)
The Securities and Exchange Board of India or SEBI has stated that it has been decided to put in place a framework for introduction of the Beta version of T+0 settlement cycle on optional basis in addition to the existing T+1 settlement cycle in equity cash market, for a limited set of 25 scrips and with a limited number of brokers.
Sensex climbs 539 pts, Nifty regains 22,000 on global cues; VIX below 13 (21-03-2024)
Domestic stocks surged today, with the Nifty 50 regaining 22,000 mark. Realty, metals and media shares were in demand. Trading was choppy due to weekly options expiry. The Fed's dovish stance on interest rates, coupled with India's strong PMI reading lifted spirits. Even broader markets rallied as traders swooped in on bargains. Switzerland's surprise rate cut added another layer of cheer.
Singapore Market surges on Fed rate-cut view (21-03-2024)
The US Federal Reserve left the target rate unchanged at 5.25% to 5.5% in second policy meeting of the year and projected three interest rates cuts this year saying inflation pressures had eased substantially in the United States. Fed's statement was viewed as slightly dovish as markets had braced for the possibility that policymakers could trim the number of projected rate cuts this year.
INR Appreciates On Firm Trend In Equities; Dollar Weakness Overseas (21-03-2024)
The Indian rupee gathered momentum tracking dollar weakness on Thursday. INR appreciated 6 paise to close at 83.13 (provisional) against the US dollar, supported by a firm trend in domestic equities and a weak greenback amid rising appetite for riskier assets. The dollar index dropped below 103 mark after dovish FOMC outcome yesterday but is seen gathering mild momentum at 103.21 at the time of writing. The benchmark S&P BSE Sensex jumped 539.50 points, or 0.75 percent, to 72,641.19 while the broader NSE Nifty index settled 172.85 points, or 0.79 percent, higher at 22,011.95. The HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 61.3 this month from February's final reading of 60.6. At the interbank foreign exchange market, the local unit opened at 83.07 against the greenback. The unit hit an intra-day high of 83.04 and a low of 83.16. The local unit finally settled at 83.13 (provisional) against the dollar, higher by 6 paise ...
Hong Kong Market climbs as Fed maintains 2024 policy easing path (21-03-2024)
The US Federal Reserve left the target rate unchanged at 5.25% to 5.5% in second policy meeting of the year and projected three interest rates cuts this year saying inflation pressures had eased substantially. in the United States. Fed's statement was viewed as slightly dovish as markets had braced for the possibility that policymakers could trim the number of projected rate cuts this year.
China Market ends edge lower (21-03-2024)
Market snapped two days winning streak as the real estate crisis still lingered, coupled with concerns that the government still has yet to announce strong stimulus to bolster the economy.
Nifty March futures trade at premium (21-03-2024)
NSE India VIX tumbled 7.12% as stocks advanced