Posts in category Business Standard
Dollar Index Strengthens Grip Over 104 Mark; FOMC In Focus (20-02-2024)
The dollar index witnessed a mild rebound in early Asia on Tuesday after having come-off recent peaks during the last week, although the index managed well to hold on to 104 mark. The dollar index that measures the greenback against a basket of currencies rose to around 104.30 on Tuesday, recouping some losses from recent sessions as investors continued to assess the outlook for Federal Reserve monetary policy. Last week data showed higher than expected US consumer price and producer prices that pushed back expectations of an early Federal rate cut. This week's focus will be on the Federal Open Market Committee (FOMC) minutes. Among the basket currencies, EURUS and GBPUSD retreated to $1.0781 and $1.2589 respectively.
Sensex rises 97 pts; realty shares advance (20-02-2024)
At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 96.61 points or 0.13% to 72,804.77. The Nifty 50 index shed 1 point to 22,121.25.
Financial Assistance For Rubber Sector Raised By 23% To Rs 708.69 Crore For FY25 & FY26 (20-02-2024)
To support the rubber industry, planting of rubber will be undertaken in 12,000 ha in traditional areas during 2024-25 and 2025-26 with an outlay of Rs 43.50 crore. For this, the rate of assistance has been increased to Rs. 40,000 per ha from the earlier Rs 25,000 per ha. This will help to cover the increased cost of production as well as provide additional incentive to growers for planting rubber. 3752 ha will be brought under rubber cultivation in non-traditional regions with an outlay of Rs 18.76 crore during the same period.
Vibhor Steel Tubes makes blockbuster debut (20-02-2024)
Shares of Vibhor Steel Tubes were currently trading at Rs 442 at 10:20 IST on the BSE, representing a premium of 192.72% as compared with the issue price of Rs 151.
Vibhor Steel Tubes makes solid debut; zooms 196% over issue price (20-02-2024)
Vibhor Steel Tubes made a solid stock market debut on Tuesday as its shares got listed at Rs 425, a stellar 181 per cent premium over its issue price of Rs 151 per share on the National Stock Exchange
Jindal Saw surges 5% after nearly 1% equity changes hands via block deal (20-02-2024)
Around 2.35 million equity shares, representing 0.74 per cent of total equity of Jindal Saw, changed hands on the NSE, exchange data shows
Real Estate shares rise (20-02-2024)
Real Estate stocks were trading with gains, with the S&P BSE Realty Index index rising 134.48 points or 1.94% at 7062 at 09:47 IST.
Telecom shares gain (20-02-2024)
Telecom stocks were trading in the positive zone, with the S&P BSE Telecommunication index rising 16.02 points or 0.66% at 2450.14 at 09:47 IST.
NBCC rises on securing multiple orders of Rs 369 cr (20-02-2024)
NBCC added 1.70% to Rs 143.70 after the company informed that it has secured three work orders in the normal course of business aggregating to Rs 369.05 crore.
Utilties shares rise (20-02-2024)
Utilties stocks were trading with gains, with the S&P BSE Utilities index rising 27.78 points or 0.5% at 5546.38 at 09:47 IST.