Posts in category Business Standard
Indices crawl higher, Nifty ends above 21,800; NSE VIX drops below 13.50 mark (20-03-2024)
The domestic stock market inched higher today, clawing back some losses after a volatile session. The Nifty settled above the 21,800 level after hitting the days low of 21,710.20 in mid-morning trade. Investor jitters surrounding the upcoming Fed meeting outcome kept things on edge, but positive Asian cues and strong domestic inflows provided some support. Auto and energy stocks led the gains, while metals and private banks dragged. The Fed's decision later today is expected to be a wait-and-see approach, possibly delaying any rate cuts until later in the year. All eyes are on the central bank's stance as it navigates a resilient US economy and lingering inflation concerns.
Brahmaputra Infrastructure wins NHAI road project tof Rs 50.80 cr (20-03-2024)
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Indian Rupee Descends Further As Dollar Strengthens Ahead Of FOMC (20-03-2024)
INR descends further beyond $83 mark on Wednesday amid accruing strength in dollar overseas ahead of FOMC policy outcome later in the global day. Rupee declined 13 paise to close at 83.16 (provisional) against the US dollar. In addition to a strong American currency against major rivals overseas, elevated crude oil prices also weighed on the local unit although mild recovery in domestic equity markets and foreign fund inflows cushioned the downside. The benchmark S&P BSE Sensex ended a choppy session up 89.64 points, or 0.12 percent, at 72,101.69 while the broader NSE Nifty index settled 21.65 points, or 0.1 percent, higher at 21,839.10.At the interbank foreign exchange market, the local unit opened at 83 and touched the intraday low of 83.17 against the greenback. The local unit finally settled at 83.16 (provisional) against the dollar, registering a loss of 13 paise from its previous close. Meanwhile, RBI noted in its March bulletin that the INR was one of the least volatile ..
Front running case: LIC fires employee banned by Sebi from stock market (20-03-2024)
Markets regulator Sebi had last year found that a dealer in LIC, was in possession of non-public information regarding impending orders of LIC and acted as an information carrier
Board of TVS Motor Company approves issue of bonus preference shares (20-03-2024)
At meeting held on 20 March 2024
Nifty March futures trade at premium (20-03-2024)
HDFC Bank, ICICI Bank and Maruti Suzuki India were the top traded contracts.
Singapore Market ends 0.1% higher (20-03-2024)
The Fed is widely expected to leave interest rates unchanged, but the central bank's accompanying statement could have a significant impact on the outlook for rates. Fed Chair Jerome Powell and his colleagues will update their economic and rate projections later in the day.
HDFC Bank raise Rs 2910 cr via issue of infra bonds (20-03-2024)
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Hong Kong Market closes inch higher (20-03-2024)
People Bank of China (PBOC) left benchmark lending rates unchanged at a monthly fixing on Wednesday, after the central bank kept a key policy rate steady last week amid some signs of improvement in the broad economy. The one-year loan prime rate (LPR) was kept at 3.45%, while the five-year LPR was unchanged at 3.95%.
Freshtrop Fruits fixes record date for buyback of shares (20-03-2024)
Record date is 02 April 2024