Oil and gold prices traded lower in Asian trade while the dollar hovered near three-week lows.
Posts in category Business Standard
Japanese Markets Hit Record Highs (08-07-2024)
A leftist alliance emerged as the surprise winner of the legislative elections, leading to a fragmented parliament with three major groups – left, centre and far-right.
INR Settles Flat In Line With Local Equities (08-07-2024)
The Indian rupee pared initial gains to settle 1 paisa lower at 83.50 against the US dollar on Monday, as muted domestic equities weighed on investor sentiments. The benchmark 30-shares BSE Sensex index fell 265 points in morning deals before seeing significant recovery to end at 79,960, down 36 points, or 0.05 percent, from its previous close. On the NSE, the broader Nifty50 fell below the 24,250-mark before managing to close down 3 points, or 0.01 percent, at 24,320. At the interbank foreign exchange market, the local unit opened at 83.45 and hit the intraday high of 83.44 and a low of 83.50 against the American currency during the session. It finally settled at 83.50 against the dollar, registering a loss of one paisa over the previous close. Meanwhile, the dollar index held below 105 on Monday after losing nearly 1% last week, weighed down by soft US economic data which reinforced a dovish outlook on Federal Reserve monetary policy. Investors now look ahead to key US inflation …
H.G. Infra Engineering enters into MoU with Ultra Vibrant Solar Energy (08-07-2024)
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Nifty July futures trade at premium (08-07-2024)
The NSE’s India VIX surges 7.12% to 13.60.
Shalby drops after PAT slides 20% YoY to Rs 16 cr in Q1 FY25 (08-07-2024)
Shalby slipped 4.08% to Rs 298.38 after the company’s consolidated net profit declined 20.29% to Rs 16.60 crore in Q1 FY25 as compared to Rs 20.82 crore posted in Q1 FY24.
Sebi approves IPO of Akums Drugs, Ceigall India, Orient Tech, Gold Plus (08-07-2024)
The proceeds from the fresh issuance will be deployed for debt repayment, working capital requirements, and other growth initiatives, including those through acquisitions
Quick Wrap: Nifty FMCG Index records a surge of 1.63% (08-07-2024)
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Larsen & Toubro wins order for 3.5GW solar PV plants in Middle East (08-07-2024)
The Renewable arm of Larsen & Toubro (L&T) has finalised mega orders with a leading developer in the Middle East to build two Gigawatt scale Solar PV plants. The plants will have a cumulative capacity of 3.5 GW.
Tata Steel Production rises 5% YoY in Q1 FY24 (08-07-2024)
The steel major’s India business reported 5% increase in crude steel production to 5.25 million tons in Q1 FY25 as compared with 5.02 million tons posted in Q1 FY24.