Ion Exchange (India) Ltd, Indo Count Industries Ltd, Emami Ltd and Sharda Cropchem Ltd are among the other gainers in the BSE’s ‘A’ group today, 01 July 2024.
Posts in category Business Standard
IndiGo to keep flying high: Analysts see up to 34% upside; UBS says ‘Buy’ (01-07-2024)
UBS in a note on the company said that it expects Indigo’s market share gains in international travel to continue, further aided by A321 XLRs and A350s in the medium to long term
INR Slips As Crude Oil Holds Near Two Month Top (01-07-2024)
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Nifty trades near 24,100 level; IT shares rally for 3rd day (01-07-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex was up 264.33 points or 0.33% to 79,297.06. The Nifty 50 index rose 86.95 points or 0.36% to 24,097.55.
L&T bags significant order from ONGC (01-07-2024)
The EPC major announced that its vertical, L&T Energy Hydrocarbon (LTEH) has secured a significant order from the Oil & Natural Gas Corporation (ONGC) for the eighth phase of pipeline replacement project (PRPVIII Group B) off India’s west coast.
HSBC India Manufacturing PMI indicates a sharp improvement in business conditions (01-07-2024)
Growth in the Indian manufacturing sector recovered some of the ground lost in May, with the headline PMI posting nearly five points above its long-run average. June data showed that buoyant demand conditions spurred the expansions in new orders, output and buying levels. Concurrently, firms raised employment at the fastest rate seen in more than 19 years of data collection. Cost pressures receded from May, but were nevertheless among the highest over the past two years. As a result, companies lifted selling prices to the greatest extent since May 2022.
Growth in private corporate sector sales moderates to 4.7% in FY24: RBI (01-07-2024)
Annual sales growth of listed private non-financial companies moderated to 4.7 per cent during 2023-24 from the high of 19.8 per cent in 2022-23, which included the post-pandemic recovery period, Reserve Bank of Indias (RBI) data showed. The Reserve Bank released data on the performance of the private corporate sector during 2023-24 drawn from abridged financial results of 3,281 listed non-government non-financial (NGNF) companies. Among major sectors, sales of manufacturing, information technology (IT) and non-IT services companies rose by 3.5 per cent, 5.5 per cent and 7.9 per cent, respectively, during 2023-24 as compared with 18.0 per cent, 19.4 per cent and 33.5 per cent, respectively, in the previous year. During 2023-24, sales of automobiles, electrical machinery and pharmaceuticals industries remained buoyant but the manufacturing sectors overall performance was mainly dragged by chemicals and petroleum industries; barring computer & electronic equipments and …
EaseMyTrip.com inks MoU with UP tourism board to boost state’s eco-tourism (01-07-2024)
Easy Trip Planners said that it has signed a memorandum of understanding (MoU) with Uttar Pradesh EcoTourism Development Board (UPETDB) under the Government of Uttar Pradesh.
US Equities End Mixed For The Week (01-07-2024)
U.S. stocks gave up early gains to end lower on Friday. After reaching record intraday highs, the Nasdaq slid 126.08 points or 0.7 percent to 17,732.60 and the S&P 500 fell 22.39 points or 0.4 percent to 5,460.48. The narrower Dow posted a more modest loss, edging down 45.20 points or 0.1 percent to 39,118.86. For the week, the Nasdaq rose by 0.2 percent but the Dow and the S&P 500 both edged down by 0.1 percent. However, the Nasdaq and the S&P 500 posted substantial gains for the first half.
Orchid Pharma rises 4% on deal with Cipla to roll out new UTI drug in India (01-07-2024)
The rise came following Orchid Pharma’s announcement of a collaboration with pharmaceutical giant Cipla to introduce the antibiotic Cefepime-Enmetazobactam in India