Posts in category Business Standard
INR Settles Near One-Month High; Local Indices Scale To Record High (06-03-2024)
The Indian rupee appreciated 7 paise to settle at 82.84 (provisional) against the US dollar on Wednesday, a near 1-month high, buoyed by a weak American currency against major rivals overseas and a rally in domestic equities. The 30-share BSE Sensex hit a record high of 74,151 before ending the session up 408.86 points, or 0.55 percent, at 74,085.99. The broader NSE Nifty index claimed 22,497 before closing up 117.75 points, or 0.53 percent, at 22,474.05, helped by strong buying in the last hour of trade. The dollar index pulled back on Wednesday awaiting cues from Powells testimony before Congress later in the global day amid growing expectation of a Federal rate cut. The dollar index that measures the greenback against a basket of currencies was quoting at 103.58, unchanged on the day. However, surging crude oil prices in international markets limit gains in the local currency. At the interbank foreign exchange market, the local unit opened at 82.90 and oscillated between the peak .
Benchmarks stage rebound after early slide; broader market tumbles (06-03-2024)
The key equity benchmarks erased intraday losses and ended with modest gains on Wednesday. The Nifty50 settled above the 22,470 mark after hitting the days low of 22,224.35 in early afternoon trade. Broader markets, however, took a beating today amid stretched valuations. Banks and healthcare stocks were in demand, while media, realty and oil & gas stocks were under pressure.
JG Chemicals IPO subscribed 6.39 times (06-03-2024)
The offer received bids for 5.21 crore shares as against 81.68 lakh shares on offer.
BSE SME IPO of Koura Fine Diamond Jewelry subscribed 25.03 times (06-03-2024)
The offer received bids for 2.50 crore shares as against 10 lakh shares on offer.
Gopal Snacks IPO subscribed 0.56 times (06-03-2024)
The offer received bids for 66.61 lakh shares as against 1.19 crore shares on offer.
Subex inks deal with leading telecom operator in Southeast Asia (06-03-2024)
To deploy its state-of-the-art Business Assurance and Fraud Management solutions on HyperSense
Hong Kong Market rebounds 1.7% (06-03-2024)
Central bank governor Pan Gongsheng said China has ample room for monetary policy, and can afford to make further cuts to its reserve requirement ratio. While the new CSRC chairman Wu Qing promised further protection for investors in order to restore their confidence.
MIC Electronics wins work-order oof Rs 1.76 cr (06-03-2024)
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Nifty March futures trade at premium (06-03-2024)
HDFC Bank, ICICI Bank and Tata Chemicals were the top traded contracts.
V-Guard arm starts commercial production of kitchen appliances (06-03-2024)
V-Guard Consumer Products (VCPL), wholly owned subsidiary (WOS) of the company commenced commercial production of kitchen appliances (mixer grinder & gas stove) at its manufacturing facility set up in Vapi, Gujarat on 6 March 2024.