Posts in category Business Standard
Election Commission to announce Lok Sabha and assembly polls schedule tomorrow (15-03-2024)
With the current term of the Lok Sabha coming to an end on 16 June 2024, all eyes are on the upcoming electoral process. In the previous 2019 elections, the Lok Sabha polls were conducted in seven phases during the months of April and May.
Rupee, bonds weaken as US yield rises after unfavourable PPI data (15-03-2024)
The market was driven by traders due to the absence of significant domestic cues, dealers said
SJVN Green Energy wins 200 MW solar project from Gujarat Urja Vikas Nigam (15-03-2024)
The tentative cost of construction and development of this project is Rs.1100 crore. The Project is to be developed at Gujarat State Electricity Corporation Limited (GSECL) Solar Park at Khavda. The Power Purchase Agreement shall be executed with GUVNL after adoption of tariff
by GERC. The Project shall be commissioned in a period of 18 months from the date of signing of PPA.
Sensex drops 454 pts, Nifty ends below 22,050 (15-03-2024)
Domestic stocks fell on Friday, tracking losses in other Asian stock markets. The Nifty 50 index ended below 22,050. Disappointing economic data from the US lowered expectations of a Federal Reserve rate cut, dampening investor sentiment. Oil & gas, auto, and pharma stocks led the decline, while metals and FMCG sectors found some buying interest.
Rail Vikas Nigam receives LoA for Pune Metro Rail Project (15-03-2024)
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INR Settles Lower Amid Muted Equities And Dollar Strength Overseas (15-03-2024)
The Indian rupee declined 4 paise to 82.88 (provisional) against the US dollar on Friday, weighed down by unabated foreign fund outflows and a negative trend in domestic equities. The benchmark S&P BSE Sensex ended the session down 453.85 points, or 0.62 percent, at 72,643.43. The broader NSE Nifty index settled 123.30 points, or 0.56 percent, lower at 22,023.35.Strengthg in the American currency overseas and crude oil prices in the international market also dented investors' sentiments. At the interbank foreign exchange market, the local unit opened at 82.95 and touched the intra-day low of 82.96 and a high of 82.85 against the greenback. The local unit finally settled at 82.88 (provisional) against the dollar, registering a loss of 4 paise from its previous close. Meanwhile, India's exports rose 11.9% to USD 41.4 billion in February, the highest in the current fiscal, while the trade deficit stood at USD 18.7 billion, according to the data released by the commerce ministry. The
Hong Kong Market falls 1.42% (15-03-2024)
The People's Bank of China (PBOC) kept the rate on the one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation, while withdrawing cash from a medium-term policy loan operation, as authorities continued to prioritise currency stability amid uncertainty over the timing of expected Federal Reserve interest rate cuts.
Australia Market falls 0.56% (15-03-2024)
At closing bell, the benchmark S&P/ASX200 index dropped 43.35 points, or 0.56%, to 7,670.28. The broader All Ordinaries index sank by 50.19 points, or 0.63%, to 7,923.76.
China Market recoups 0.54% (15-03-2024)
The People's Bank of China (PBOC) said it was keeping the rate on the one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.50% from the previous operation. Market participants were concerning that cutting rates before a widely expected move by the Federal Reserve would widen yield differentials, potentially putting more pressure on the yuan, which has depreciated 1.3% against the dollar so far this year.
Japan Stocks end mixed (15-03-2024)
At closing bell, the 225-issue Nikkei Stock Average index was down 99.74 points, or 0.26%, to 38,707.64. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 9.21 points, 0.35%, to 2,670.80.