This new category will require a minimum investment of Rs 10 lakh and is designed to offer a regulated product with more flexibility for investors who are comfortable with higher risks. The move aims to provide a safe alternative to unregistered investment products.
Posts in category Business Standard
Punjab & Sind Bank spurts 4.72%, gains for third straight session (18-07-2024)
Punjab & Sind Bank is quoting at Rs 66.77, up 4.72% on the day as on 12:49 IST on the NSE. The stock is up 100.21% in last one year as compared to a 24.24% gain in NIFTY and a 64.1% gain in the Nifty PSU Bank index.
IndusInd Bank Ltd spurts 0.11%, rises for fifth straight session (18-07-2024)
IndusInd Bank Ltd is quoting at Rs 1447.45, up 0.11% on the day as on 12:44 IST on the NSE. The stock is up 1.97% in last one year as compared to a 24.27% jump in NIFTY and a 14.81% jump in the Nifty Bank.
ITC Ltd up for fifth session (18-07-2024)
ITC Ltd is quoting at Rs 468.15, up 0.56% on the day as on 12:44 IST on the NSE. The stock is down 2.23% in last one year as compared to a 24.27% spurt in NIFTY and a 13.8% spurt in the Nifty FMCG.
Mphasis Ltd soars 0.38%, rises for fifth straight session (18-07-2024)
Mphasis Ltd is quoting at Rs 2810, up 0.38% on the day as on 12:44 IST on the NSE. The stock is up 29.51% in last one year as compared to a 24.27% spurt in NIFTY and a 26.57% spurt in the Nifty IT.
GMR Airports Infra passenger traffic rises 8% YoY in June (18-07-2024)
GMR Airports Infrastructure’s passenger traffic across all GMR Airports increased 8% year over year (YoY) in June 2024, to over 10.6 million passengers.
Indices trade flat; IT shares advance (18-07-2024)
At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 85.17 points or 0.11% to 80,801.69. The Nifty 50 index rose 2.60 points or 0.01% to 24,615.60.
US markets mixed, DOW hits fresh high while NASDAQ plummets (18-07-2024)
The US markets saw a mixed outing yesterday though the DOW stayed supported. The sentiments were driven by geopolitical concerns with the broad focus being on the tech counters. The Nasdaq Composite suffered its worst session since December 2022, losing around 3%, as semiconductors came under pressure amid reports of tougher trade restrictions. Chip stocks plummeted amid potentially tighter restrictions on US exports to China and escalating geopolitical tensions.
BASF to sell its flocculants business for mining applications to Solenis (18-07-2024)
In India, the flocculants business for mining applications, forms part of the Performance Chemicals Division of Industrial Solutions Segment of BASF India. The flocculants business generated net sales of approx. Rs. 27.7 crore representing 0.20 % of the total sales for the financial year ended 31 March 2024.
This cement stock has almost doubled from June low; trades at new high (18-07-2024)
India Cements stock hit a new high of Rs 343.85, surging 6% in an otherwise volatile market. The stock has zoomed 50% since June 25.