Posts in category Business Standard
Stocks edge up on cautious optimism before Fed move (18-03-2024)
The domestic equity benchmarks clawed their way back from early losses to close slightly higher on Monday. The Nifty 50 managed to stay above 22,000 despite some weakness in IT, FMCG and consumer durables stocks. Investors seem to be in a wait-and-see mode ahead of the US Federal Reserve's interest rate decision on Wednesday. While most expect rates to stay on hold, any hints about future cuts could be a market mover. Shares of mid and small companies continued to see selling as investors remain cautious about stretched valuations.
INR Settles Lower Amid Firm Dollar Overseas (18-03-2024)
The Indian rupee settled lower for the day, registering a decline of 4 paise to settle at 82.90 (provisional) against the US currency on Monday on firm crude oil prices although gains in domestic stock markets and foreign fund inflows capped the rupee's losses. The benchmark S&P BSE Sensex picked up some momentum to end the session up 104.99 points, or 0.14 percent, at 72,748.42. The broader NSE Nifty index also recovered from an early slide to end up 32.35 points, or 0.15 percent, higher at 22,055.70. The local unit opened firm at 82.84 to a dollar at the interbank foreign exchange market and inched up to the day's high of 82.83 in early deals. Dollar index holding firmly above 103 mark ahead of FOMC outcome this week following sticky US inflation levels as shown by recent data.
Poonawalla Fincorp rises on appointing Arvind Kapil as MD & CEO (18-03-2024)
Poonawalla Fincorp rose 1.58% to Rs 469.85 after its board approved the appointment of Arvind Kapil as managing director & chief executive officer (MD & CEO) of the company, for a period of five years effective from 24 June 2024.
Nifty March futures trade at premium (18-03-2024)
HDFC Bank, Tata Steel and ICICI Bank were the top traded contracts.
Quick Wrap: Nifty Metal Index rises 2.49% (18-03-2024)
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Dilip Buildcon rises as JV bags LoA for Rs 413-cr project in MP (18-03-2024)
Dilip Buildcon added 1.52% to Rs 411.75 after the firm through its joint venture (JV), VKMCPL-DBL received letter of acceptance (LoA) for construction project in Madhya Pradesh (MP) worth Rs 412.92 crore.
Market ends with small gains; metal shares rally (18-03-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex was up 104.99 points or 0.14% to 72,748.42. The Nifty 50 index advanced 32.35 or 0.15 to 22,055.70.
Board of Poonawalla Fincorp announces change in directorate (18-03-2024)
At meeting held on 18 March 2024
SBI Cards allots 67,800 equity shares under ESOP (18-03-2024)
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RITES gains on bagging Rs 67-cr LoA (18-03-2024)
RITES added 1.51% to Rs 632 after it received a letter of acceptance (LoA) from National Small Industries Corporation (NSIC) for quality inspection for Rs 67.50 crore.