Posts in category Business Standard
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.
Quick Wrap: Nifty Media Index registers a drop of 2.54% (06-03-2024)
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Indices end at new peak; Nifty settles above 22,450; Sensex breaches 74K (06-03-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, gained 408.86 points or 0.55% to 74,085.99. The Nifty 50 index added 117.75 points or 0.53% to 22,474.05.
Pound Gathers Momentum Ahead Of UK Budget, Dollar Pullback Ahead Of Powell Supports (06-03-2024)
UK pound is hovering near a one-month high during the European session on Wednesday ahead of the United Kingdoms 2024 budget statement. Moreover, dollar decline ahead of Powells testimony to the congress later in the global day is also supporting gains in GBPUSD. The pair is currently quoting at $1.2732, up 0.22% on the day and its highest level in almost a month. The 2024 budget statement is expected to present economic forecasts, fiscal stimulus measures, and borrowing outlook for UK. Meanwhile, at 49.7 in February, up from 48.8 in January, the headline S&P Global UK Construction Purchasing Managers Index (PMI) a seasonally adjusted index tracking changes in total industry activity registered its highest level since August 2023 and was only fractionally below the neutral 50.0 threshold. On the NSE, GBPINR futures are trading at 105.40, up 0.18% on the day.
China Market falls on outlook concerns (06-03-2024)
Parliamentarians and political advisers gather in Beijing every March for two parallel sets of meetings called the Lianghui or "Two Sessions". Meanwhile, investors will keep a close eye on an economy-focused press conference later today in Beijing, where representatives from PBOC and other regulators may respond to media inquiries.
Currency market calm before Powell’s speech, bitcoin rally resumes (06-03-2024)
The absence of major catalysts kept the dollar under pressure, having slipped on Tuesday after data showed U.S. services industry growth slowed last month
NLC India incorporates wholly owned subsidiary for renewable energy projects (06-03-2024)
NLC India Green Energy to undertake 600 MW solar power project at Bhuj