Posts in category Business Standard
INR Slides On Bearish Equities (11-03-2024)
The Indian rupee declined by 8 paise to settle at 82.75 (provisional) against the US dollar on Monday, tracking bearish equity markets. The benchmark S&P/BSE Sensex ended the session down 616.75 points, or 0.83 percent, at 73,502.64, reflecting weak global sentiment ahead of key U.S. consumer price inflation and producer price data this week that might influence the Fed's rate trajectory. The broader NSE Nifty index fell 160.90 points, or 0.72 percent, to 22,332.65. Weakness in the US dollar and a decline in crude oil prices cushioned the downside. At the interbank foreign exchange market, the local unit opened at 82.74 and touched the intra-day low of 82.76 against the greenback. The local unit finally settled at 82.75 (provisional) against the dollar, registering a loss of 8 paise from its previous close. All eyes are now on US inflation data due this week for further cues.
Nifty March futures trade at premium (11-03-2024)
NSE India VIX gained 2.80% as shares declined
Bitcoin above $71,000 as demand frenzy intensifies, hits new record high (11-03-2024)
Britain's financial watchdog on Monday became the latest regulator to pave the way for digital asset trading products after
Quick Wrap: Nifty Media Index declines 2.91% (11-03-2024)
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Market snaps 2-day gains; Sensex drops 617 pts; Nifty settles below 22,350 (11-03-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex tumbled 616.75 points or 0.83% to 73,502.64. The Nifty 50 index fell 160.90 points or 0.72% to 22,332.65.
M&M Finance to raise upto Rs 2,000 cr via NCDs (11-03-2024)
Mahindra and Mahindra Finance's board has approved the issuance of non-convertible debentures (NCDs) aggregating upto Rs 2,000 crore on private placement basis.
Speculative Net Longs In Euro Inch Higher (11-03-2024)
Large currency speculators net long positions in the Euro futures market edged slightly higher, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 66311 contracts in the data reported through March 05, 2024. This was a weekly rise of 3457 net contracts with net long position staying around its lowest level in nearly 16 months.
Venus Remedies secures GMP approval from UNICEF (11-03-2024)
Venus Remedies announced that it has secured good manufacturing practices (GMP) approval from the United Nations Children's Fund (UNICEF) to supply Cephalosporin antibiotics for treating infections.
AstraZeneca Pharma India and Mankind Pharma ink distribution agreement (11-03-2024)
To improve access to Symbicort (asthma drug) in India
Seeing signs of price manipulation in SME segment: Sebi chief Buch (11-03-2024)
Sebi chairperson Madhabi Puri Buch on Monday said the capital markets regulator is seeing "signs" of price manipulation in the Small and Medium Enterprises (SME) segment.
The manipulation is both at the Initial Public Offering (IPO) and also in trading, Buch said, advising caution to investors.
"We do see the signs (of price manipulation), we have the technology to do it. We are able to see certain patterns. I'd say it is still on the kitchen table, it's not yet gone into the oven," Buch said, speaking to women journalists on the sidelines of a conference here.
The capital markets regulator is still working with advisors to understand all the dimensions and analyse the data, she said, adding that if it finds some malpractices the next step may be to issue a public consultation on it.
She said the investors need to understand that the SME segment is different from the main board and it is necessary for Sebi to underline the same in terms of the rules on disclosures which are made to