Indian Rupee has bounced back from around record lows today as local stock markets edged up following a heavy intraday tumble in last session. The key equity indices extended gains and hit the day’s in mid-morning trade. The Nifty traded above the 22,400 level. At 11:30 IST, the barometer index, the S&P BSE Sensex was surged 1,623.46 points or 2.26% to 73,708.60. The Nifty 50 index jumped 532.20 points or 2.43% to 22,416.70. NIFTY had tested nearly four month low as markets were rattled by outcome in Lok Sabha elections 2024.
Posts in category Business Standard
CONCOR gains on inking MoU with Shipping Corp (05-06-2024)
Container Corporation of India (CONCOR) rose 2.60% to Rs 973 after the company said that it has signed a memorandum of understanding (MoU) with Shipping Corporation of India (SCI) to provide seamless end to end logistics solution.
‘Modi premium’ in financial markets set to erode post weak victory (05-06-2024)
India’s stock market weathered its heaviest selling since the onset of the pandemic as the votes were tallied
LS Polls: Correction in mid, smallcap stocks may not be over, warn analysts (05-06-2024)
Going ahead, analysts see more pain in the offing for broader markets as stocks command extremely rich valuations, limiting upside in the near-term
Bhagiradha Chemicals & Industries Ltd leads gainers in ‘B’ group (05-06-2024)
PTC Industries Ltd, Heritage Foods Ltd, Balkrishna Paper Mills Ltd and ISMT Ltd are among the other gainers in the BSE’s ‘B’ group today, 05 June 2024.
Explained: What is pump and dump scheme in stock market and how to be safe (05-06-2024)
The pump and dump schemes are operated through recommendations shared through Telegram and other social media channels, resulting in public shareholders purchasing the stock at an inflated price
Emami Ltd leads gainers in ‘A’ group (05-06-2024)
Amara Raja Energy & Mobility Ltd, Jyothy Labs Ltd, V-Mart Retail Ltd and Aditya Birla Fashion & Retail Ltd are among the other gainers in the BSE’s ‘A’ group today, 05 June 2024.
Early Tesla bulls giving up on stock, as doubt on future growth loom (05-06-2024)
The company’s shares are down nearly 30 per cent this year and have fallen by more than 50 per cent since their 2021 high
BSE FMCG index surges 5%, hits record high; Emami, HUL, Dabur jump over 7% (05-06-2024)
Analysts expect some populist measures to address rural stress and lift sentiments at the margin, given the nature of the Lok Sabha polls verdict.
GPT Infraprojects rises 5% on securing order worth Rs 547 cr from RVNL (05-06-2024)
The surge came after the company secured an order worth Rs 547 crore from Rail Vikas Nigam Limited (RVNL)