Posts in category Business Standard
Yen Tumbles To 2-Week Low Even As BoJ Ends Negative Interest Rate Policy (19-03-2024)
The Japanese yen tumbled sharply against the US dollar even as the Bank of Japan shifted from negative interest rate regime. The Japanese central bank lifted interest rates by 10bps to 0% from -0.1% for the first time since 2007. This was accompanied by the scrapping of the Yield Curve Control (YCC) policy. However, the Japanese currency continued to lose momentum amid massive strength in US dollar overseas. The dollar index is holding at around a week high at 103.42, up 0.17% on the day ahead of FOMC decision due this week. Meanwhile, USDJPY pair climbed to a two-week high of 150.34 and is up 0.80% on the day. On the NSE, JPYINR futures are also mounting losses at 55.28, down 0.78% on the day.
Indices turn rangebound; FMCG shares declines for 2nd day (19-03-2024)
At 11:27 IST, the barometer index, the S&P BSE Sensex, was down 566.06 points or 0.78% to 72,190.72. The Nifty 50 index lost 1901.80 points or 0.87% to 21,864.90.
IOL Chemical spurts after receiving zero observations from ANVISA for 10 manufacturing units (19-03-2024)
IOL Chemical & Pharmaceuticals surged 12.12% to Rs 405.30 after Brazilian Health Regulatory Agency (ANVISA) has successfully completed the GMP audit of the company's 10 APIs manufacturing units situated at Barnala, Punjab.
Board of Intelligent Supply Chain Infrastru.Trust recommends final dividend (19-03-2024)
Of Rs 0.9309 per share
Australian Dollar Depreciates After RBA Decision (19-03-2024)
The Australian dollar fell sharply against the US dollar on Tuesday following Reserve Bank of Australias policy decision to keep rates steady. The RBA kept rates at a 12-year high of 4.35%, standing pat for the third consecutive meeting. The central bank said that even as recent data suggest easing inflation, Board expects that it will be some time yet before inflation is sustainably in the target range. The path of interest rates that will best ensure that inflation returns to target in a reasonable timeframe remains uncertain and the Board is not ruling anything in or out. AUSUSD pair fell around half a percent on the day to $0.6541 following the rate decision. Australias benchmark 10-year yields also dropped to around 4.1%. Meanwhile, strength in dollar index overseas awaiting FOMC for further clarity on US interest rates after recent data showed sticky inflation levels will be keenly watched in this week.
Volumes spurt at Tata Consultancy Services Ltd counter (19-03-2024)
Tata Consultancy Services Ltd notched up volume of 253.62 lakh shares by 10:47 IST on BSE, a 271.9 fold spurt over two-week average daily volume of 93276 shares
Swan Energy rises as consortium gets Rs 156-cr LoA from BMC (19-03-2024)
Swan Energy added 1.79% to Rs 574 after consortium of its subsidiary and Genesys International Corporation received letter of acceptance (LoA) from Brihanmumbai Municipal Corporation (BMC) of Rs 155.85 crore.
Domino’s, Subway supplier Chatha Foods’ SME IPO opens today: Check details (19-03-2024)
Of the total net proceeds, the company aims to use Rs 24.11 crore for setting up a manufacturing facility in Mohali and the remaining amount for general corporate purposes
Market sell-off continues; IT shares under pressure (19-03-2024)
At 10:27 IST, the barometer index, the S&P BSE Sensex, tumbled 618.34 points or 0.80% to 72,169.25. The Nifty 50 index slipped 200.85 points or 0.91% to 21,866.35.
Popular Vehicles and Services slides on debut (19-03-2024)
Shares of Popular Vehicles and Services were currently trading at Rs 274.45 at 10:18 IST on the BSE, representing a discount of 6.97% as compared with the issue price of Rs 295.