The Aussie dollar was down 0.47% at $0.6618, even after Australian consumer price inflation unexpectedly rose to a five-month high in April
Posts in category Business Standard
Stocks to watch on May 30: Tata Steel, Awfis Space Solutions, Cummins India (30-05-2024)
Stocks to watch on May 30: Cummins India reported a 54.4 per cent spike YoY in net profit to Rs 538.9 crore in Q4FY24 on a consolidated basis compared to Rs 348.9 crore in the corresponding quarter
Stock Market LIVE: India stocks may fall amid weak global cues, poll jitters (30-05-2024)
Stock Market Live on May 30: US markets closed lower, with Dow Jones leading the losses with a fall of over 1 per cent, while Nasdaq and S&P 500 slipped 0.58 per cent and 0.74 per cent, respectively
Trade set-up for May 30: F&O expiry, weak global cues, Awfis debut in focus (30-05-2024)
All you need to know before the market opens on Thursday: Global markets are once again feeling the US rate cut jitters; market experts back home see 22,800 as immediate hurdle for the Nifty now.
Buy Muthoot Finance, Sell Titan June futures, recommends Religare Broking (30-05-2024)
Muthoot Finance has been in a steady uptrend for over 10 months, consistently forming higher highs and lows with a gradual increase in volumes
Buy ideas for May 30: Metro Brands, Divi’s Labs; check target prices (30-05-2024)
Since April 2024, Metro Brands has been trading within a consolidation range of approximately Rs 1,020 to Rs 1,120
Nifty Auto, Energy indicate bearish trend on charts: key levels here (30-05-2024)
The Nifty Auto Index is currently exhibiting a weak near-term trend, as evidenced by a consistent pattern of lower tops and bottoms on the charts. This downtrend suggests that the index is struggling
Sebi issues rules for inspection of warehouses by clearing corporations (29-05-2024)
Capital markets regulator Sebi on Wednesday simplified guidelines on the requirement of inspection of warehouses by clearing corporations.
In its circular, Sebi said that the requirement of two inspections in a calendar year can be done away with for accredited storage facilities with ‘nil’ stock, continuously during the preceding six months.
In these cases, the number of inspections by an independent agency can be limited to once in a calendar year, it added.
With no stocks for the entire year, the regulator said that no independent inspections are needed. Before accepting new deposits, facilities with no inspections in the previous year must comply with in-house inspection requirements.
This decision is aimed at streamlining the inspection process and reducing unnecessary inspections for facilities without stocks, promoting ease of doing business while ensuring readiness and compliance.
Under the current rules, there is a requirement for clearing corporations to conduct independ
Election jitters, rate uncertainty trigger mkt tailspin for 4th day (29-05-2024)
Elections, rate cut concerns keep investors rattled
Asia Opportunities V, General Atlantic sell 4.46% stake in PNB Housing (29-05-2024)
Asia Opportunities V (Mauritius) and General Atlantic divested a 4.46 per cent stake in housing finance firm PNB Housing Finance for Rs 843 crore through open market transactions.
US-based private equity firm General Atlantic through its affiliate General Atlantic Singapore Fund FII Pte Ltd offloaded its stake in PNB Housing Finance on the BSE.
As per the bulk deal data available with the BSE, Asia Opportunities V (Mauritius) and private equity firm General Atlantic Singapore Fund FII Pte sold 58 lakh shares each, amounting to a combined 4.46 per cent stake in PNB Housing Finance.
The shares were disposed of in a price range of Rs 727.26-727.47 apiece, taking the combined deal size to Rs 843.79 crore.
As of March 2024, shareholding data of PNB Housing Finance on the BSE, Asia Opportunities V (Mauritius) Ltd holds a 9.88 per cent stake, and General Atlantic Singapore Fund FII Pte owns a 9.82 per cent stake in the company.
Meanwhile, Societe Generale purchased 13.08 lakh shares at a