At meeting held on 05 July 2024
Posts in category Business Standard
Largecap, midcap threshold rises around 25% amid stock market rally (05-07-2024)
The threshold has jumped from Rs 67,000 crore and Rs 22,000 crore after the end of the previous rebalancing in December 2023
Emcure Pharmaceuticals IPO subscribed 67.84 times (05-07-2024)
The offer received bids for 92.96 crore shares as against 1.37 crore shares on offer.
Market stalls at record highs: Nervous investors book profits, await US jobs data (05-07-2024)
The headline equity indices ended almost flat on Friday. Nervous investors cashed in profits at higher levels, with valuations remaining a concern. The Nifty held its ground around 24,300 after an early dip. Oil & gas, pharma, and PSU banks provided some pockets of strength. All eyes now shift to the US jobs data later today, which could influence the Fed’s rate cut decision and potentially impact our markets.
Bansal Wire Industries IPO subscribed 59.57 times (05-07-2024)
The offer received bids for 127.85 crore shares as against 2.14 crore shares on offer
Sensex, Nifty log fifth straight weekly advance; HDFC Bank down 4.6% (05-07-2024)
The losses in HDFC Bank came after the private sector lender reported a sequential decline in loans during the June quarter
Oil prices on track for fourth straight week of gains as demand rises (05-07-2024)
With the U.S. market shut on Thursday for the Independence Day holiday, trading was thin and there was no settlement for WTI, but prices have risen this week on strong summer demand expectations in US
INR Settles Flat; Gains Capped By Higher Oil Prices (05-07-2024)
The rupee pared initial gains and settled for the day almost flat at 83.49 (provisional) against the US dollar on Friday, as muted domestic equities and rise in crude oil prices capped gains for the local unit. The benchmark S&P/BSE Sensex hit an intraday low of 79,479 before finishing down 53.07 points, or 0.07 percent, at 79,996.60. The broader NSE Nifty index ended the session up 21.70 points, or 0.09 percent, at 24,323.85, after having hit a low of 24,169 earlier. At the interbank foreign exchange market, the local unit opened at 83.48 and hit the intraday high of 83.45 and a low of 83.50 against the American currency during the session. It finally settled at 83.49 (provisional) against the dollar, 1 paisa higher than its previous close.
China’s Shanghai Composite Index Falls 0.26% (05-07-2024)
The dollar retreated from its elevated levels as traders eyed the all-important U.S. jobs report later in the day for clues on the Federal Reserve’s future policy path.
Japanese Stocks End Flat (05-07-2024)
The broader Topix index also briefly hit record levels before reversing course to end 0.49 percent lower at 2,884.18.