The domestic equity markets suffered a significant setback on Thursday, erasing recent gains and closing the day in the red. The Nifty 50 index ended below the 24,200 level, while the Sensex also witnessed a sharp decline. The sell-off was widespread, but metal stocks bore the brunt of the decline. Investors grew cautious ahead of the US Federal Reserve’s upcoming interest rate decision later on Thursday. The central bank’s stance on monetary policy could have significant implications for global markets, including India.
Posts in category Business Standard
Hindustan Zinc ends lower as OFS concludes (07-11-2024)
Hindustan Zinc fell 1.07% to end at Rs 507.65 after the offer for sale (OFS) announced by the company’s promoters concluded on Thursday, 07 November 2024.
ACME Solar Holdings IPO subscribed 70% (07-11-2024)
The offer received bids for 4.05 crore shares as against 5.82 crore shares on offer.
Niva Bupa Health Insurance Company IPO subscribed 65% (07-11-2024)
The offer received bids for 11.18 crore shares as against 17.28 crore shares on offer.
Swiggy IPO subscribed 35% (07-11-2024)
The offer received bids for 5.56 crore shares as against 16.01 crore shares on offer.
Mercantile Ventures consolidated net profit declines 42.55% in the September 2024 quarter (07-11-2024)
Sales rise 17.45% to Rs 17.84 crore
Steel Strips Infrastructures reports consolidated net loss of Rs 0.40 crore in the September 2024 quarter (07-11-2024)
Sales reported at Rs 0.32 crore
Amarjothi Spinning Mills consolidated net profit declines 3.27% in the September 2024 quarter (07-11-2024)
Sales rise 42.88% to Rs 53.48 crore
Indian Metals & Ferro Alloys consolidated net profit rises 40.20% in the September 2024 quarter (07-11-2024)
Sales decline 0.10% to Rs 691.92 crore
Emami consolidated net profit rises 19.14% in the September 2024 quarter (07-11-2024)
Sales rise 2.97% to Rs 890.59 crore