Posts in category Business Standard
BSE consolidated net profit rises 109.51% in the December 2023 quarter (05-02-2024)
Sales rise 78.50% to Rs 426.10 crore
Sensex drops 354 pts, Nifty ends below 21,800; NSE VIX jumps to 15.62 (05-02-2024)
The domestic equity benchmarks closed lower today following last-hour selling, as investors maintain caution ahead of the Reserve Bank of India's rate-setting meeting this week. The focus remains on potential rate cut cues from the RBI and the impact of corporate earnings on sector-specific movements. In January, foreign institutional investors engaged in net selling due to factors such as a stronger dollar and increasing global bond yields. Additionally, geopolitical uncertainties and the potential effect of US job data on Federal Reserve rate cuts have led to investors securing profits post the interim Budget rally. Pharma, oil & gas, and auto stocks witnessed a surge in demand. On the other hand, consumer durables and FMCG stocks experienced downward pressure.
INR Slips Beyond 83/$ Mark Amid Massive Strength In Greenback Overseas (05-02-2024)
The Indian rupee depreciated 8 paise to settle at 83.06 (provisional) against the US dollar on Monday, as strengthening American currency overseas and negative sentiment in the domestic equity markets weighed on the local unit. The dollar index extended Fridays surge and is hovering at its highest level in eight weeks around 104 mark. The greenback strengthened following US jobs data that came in better than expected and further reduced bets of a near term Federal rate cut. US Nonfarm Payrolls surged to 353K in January from an upwardly revised 333K in December. However, the downward trend in the global crude oil prices supported the domestic unit and restricted its decline. At the interbank foreign exchange, the rupee opened at 83.03 against the dollar and traded in the narrow range of 83.00 to 83.07. The local unit finally settled at 83.06 (provisional) against the greenback, down 8 paise over its previous close.
Apeejay Surrendra Park Hotels IPO subscribed 2.52 times (05-02-2024)
The offer received bids for 8.75 crore shares as against 3.47 crore shares on offer.
UK Pound Plunges Below $1.26 Mark For First Time This Year; GBPINR Down More Than 1% (05-02-2024)
UK pound futures plummeted on Monday tracking robust gains in dollar overseas after better than expected US jobs report that kept hawkish tone on interest rates intact. The pair fell to an eight week low below psychological $1.26 mark for the first time this year even as data from UK economic docket showed increase in business activity across the UK service economy. Seasonally adjusted final S&P Global UK Services PMI Business Activity Index registered 54.3 in January, up from 53.4 in December and above the crucial 50.0 value for the third successive month. GBPUSD is currently quoting at $1.2597, down 0.36% on the day. On the NSE futures, GBPINR gave up crucial levels intraday and is settled for the day lower by over 1% at 104.67.
Bharti Airtel launches new stores in Kolkata (05-02-2024)
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Ganesh Holdings reports standalone nil net profit/loss in the December 2023 quarter (05-02-2024)
Sales decline 80.00% to Rs 0.03 crore
Gujarat Terce Laboratories reports standalone net profit of Rs 0.67 crore in the December 2023 quarter (05-02-2024)
Sales rise 9.41% to Rs 13.02 crore
Tradewell Holdings reports standalone net profit of Rs 0.17 crore in the December 2023 quarter (05-02-2024)
Sales reported at Rs 0.60 crore
Tata Capital Housing Finance standalone net profit rises 43.54% in the December 2023 quarter (05-02-2024)
Sales rise 27.92% to Rs 1262.29 crore