Posts in category Business Standard
Benchmarks rebounds after early dip, Nifty ends near 22,200 (27-02-2024)
The domestic equity benchmarks reversed early losses and closed higher on Tuesday, snapping a two-day losing streak. The key indices, the Sensex and Nifty, were buoyed by gains in select heavyweight stocks. The Nifty 50 index, after dipping to a low of 22,085.65 in early trading, managed to close near the 22,200 level. The broader market witnessed mixed performance with sectors like realty, consumer durables, and IT experiencing gains, while oil & gas, media, and PSU banks declined.
INR Stays Range Bounds; Key US Data Eyed (27-02-2024)
The Indian rupee closed almost flat at 82.89 (provisional) against the US dollar in a restricted trade on Tuesday amid withdrawal of foreign funds and increased month-end demand for the American currency. Optimistic equities and a weaker dollar limited downside for the local unit. The benchmark S&P/BSE Sensex rose 305.09 points, or 0.42 percent, to 73,095.22 while the broader NSE Nifty index settled 76.30 points, or 0.34 percent, higher at 22,198.35. Meanwhile, investors kept an eye on domestic and global macroeconomic data to be released this week. At the interbank foreign exchange market, the local unit opened firm at 82.87 against the dollar and touched a low of 82.90 in intra-day trade. The local unit finally settled at 82.89 (provisional) against the greenback, down by 1 paisa from the previous closing level.
NSE SME IPO of Purv Flexipack subscribed 38.32 times (27-02-2024)
The offer received bids for 21.70 crore shares as against 56.64 lakh shares on offer.
Hong Kong Market gains 0.94% (27-02-2024)
Market participants are awaiting authorities' next policy move as the National People's Congress begins its annual meeting on March 5. Key topics to monitor include discussions about the governments "new model" for the property sector, local government financing and fiscal reforms, as well as other demand-side stimulus such as support to consumption
Exicom Telesystems IPO subscribed 10.01 times (27-02-2024)
The offer received bids for 18.23 crore shares as against 1.82 crore shares on offer.
Platinum Industries IPO subscribed 8.04 times (27-02-2024)
The offer received bids for 7.74 crore shares as against 96.32 lakh shares on offer.
DCM Shriram jumps after board OKs to foray into chemical business (27-02-2024)
DCM Shriram added 2.35% to Rs 1002.05 after the company's board approved for the entry of its chemicals business into the domain of Advanced Materials by investing into Epoxy and value added products.
Titan Company to acquire balance stake in CaratLane (27-02-2024)
As on date, CaratLane is a subsidiary of the Company wherein the Company hold 99.64% of the total paid up capital of CaratLane. The completion of the aforesaid share purchase would result in CaratLane becoming a wholly owned subsidiary of the Company.
GE T&D India wins orders of Rs 370 cr from Power Grid (27-02-2024)
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Nifty February futures trade at discount (27-02-2024)
HDFC Bank, ICICI Bank and Reliance Industries were the top contracts