Posts in category Business Standard
Market snaps 6-day streak, Nifty holds 22,000; VIX below 16 mark (21-02-2024)
The domestic equity indices corrected on Wednesday, snapping a six-day rising streak. The Nifty 50 index revered after hitting the days high of 22,249.40 in the morning trade, but managed to settled above the psychological 22,000 mark. Selling in IT and oil & gas stocks dragged the benchmark indices lower. However, realty, PSU banks and metal shares closed on a firm note.
Juniper Hotels IPO subscribed 11% (21-02-2024)
The offer received bids for 32.43 lakh shares as against 2.89 crore shares on offer.
INR Settles Flat Amid Dollar Strength Ahead Of FOMC Minutes (21-02-2024)
The Indian rupee ended the day almost flat with 1 paisa gain to close at 82.96 (provisional) against the US dollar on Wednesday. Strength of the American currency in the overseas market and sustained foreign fund outflows weighed on the local unit. Investors are awaiting clarity from the minutes that comes following last week's hotter-than-expectation US inflation data. Meanwhile, gains from easing crude oil prices were negated by a weak trend in domestic equities. The benchmark S&P BSE Sensex fell 434.30 points, or 0.59 percent, to 72,623.09 while the broader NSE Nifty index settled 141.90 points, or 0.64 percent, lower at 22,055.05. At the interbank foreign exchange, the local unit opened at 82.90 against the greenback. It hit an intra-day high of 82.86 and a low of 82.97.
Asian bonds gain solid inflows on rate cut hopes amid US inflation concerns (21-02-2024)
India led the way with a robust influx of $2.39 billion into its bonds, the highest since August 2017, fueled by anticipation of its inclusion in JP Morgan's emerging market debt index this year
Mutual funds pare holdings in Zee Ent by 40% post Sony merger deal fallout (21-02-2024)
Shares held by active MF schemes decline 40% to 173 million
AIF commitments top Rs 10 trn for first time amid rising demand from HNIs (21-02-2024)
AIFs are pooled investment products for high-net-worth individuals (HNIs) with a minimum ticket size of Rs 1 crore
Nifty February futures trade at discount (21-02-2024)
HDFC Bank, ICICI Bank and State Bank of India were the top traded contracts.
Quick Wrap: Nifty Media Index falls 4.91% (21-02-2024)
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Market snaps 6-day gaining streak; Sensex slides 434 pts; Nifty settles above 22,100 (21-02-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex, tumbled 434.31 points or 0.59% to 72,623.09. The Nifty 50 index declined 141.90 points or 0.64% to 22,055.05.