Posts in category Business Standard
Bharat Petroleum Corporation Ltd gains for fifth session (11-06-2024)
Bharat Petroleum Corporation Ltd is quoting at Rs 608.5, up 0.98% on the day as on 12:44 IST on the NSE. The stock is up 63.73% in last one year as compared to a 25.46% spurt in NIFTY and a 67.95% spurt in the Nifty Energy.
Dollar Index Holds Firmly Above 105 Mark Ahead Of Critical US Data (11-06-2024)
The US dollar is standing tall, backing by climbing US treasury yields awaiting US inflation and FOMC outcome after last weeks stronger-than-expected US monthly jobs report scaled back expectations for a Federal Reserve rate cut. Data on Friday showed that the US economy added 272,000 jobs in May, significantly higher than the revised 165,000 in April and well above the expected 185,000. Elevated US treasury yields at 4.45% are holding the dollar index higher at 105.09. Yesterday dollar also surged to a one-month high against the euro as far-right parties gained ground in the European Parliament elections, raising political uncertainty in the region. Investors are keeping their focus mostly on the Consumer Price Index (CPI) for May and the Federal Reserve (Fed) meeting, both on Wednesday for further cues on Federal interest rate stance. Among the basket currencies, EURUSD and GBPUSD are quoting at $1.0772 and $1.2736 respectively.
Block deal: Mamaearth slides 5% after 6.6 mn shares change hands (11-06-2024)
Shares of Honasa Consumer, parent company of Mamaearth dropped by 4.8 per cent at Rs 435.05 per share on the BSE in Tuesday's early morning trades
Stable govt, policy continuity, Budget: Why Nomura is positive on India (11-06-2024)
The confidence stems from the NDA government taking charge at the Centre which, Nomura believes, appears to be stable, primarily due to the major number of seats held by BJP in the coalition govt
IndiGo shares fall over 4% after 11 mn shares change hands via block deal (11-06-2024)
IndiGo block deal: Reports suggest Rahul Bhatia-led InterGlobe Enterprises was the likely seller of its 2 per cent stake
Nifty above 23,300; realty shares rally (11-06-2024)
At 10:29 ST, the barometer index, the S&P BSE Sensex, was up 170.93 points or 0.22% to 76,656.45. The Nifty 50 index added 60.70 points or 0.26% to 23,319.90.
CBI searches PNC Infra offices, summons MD Yogesh Jain; stock slips 10% (11-06-2024)
ICICI Securities believe there could be an interim overhang until there is clarity and final decision from NHAI is taken.
Mphasis adopts HPE GreenLake cloud with HPE Alletra Storage (11-06-2024)
To accelerate IT transformation for its healthcare clients
Suzlon wins 103.95 MW wind power project (11-06-2024)
This order is for the company's larger rated 3.15 MW, S144]140m turbines from the 3 MW product series. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and execute the project, including erection and commissioning. Suzlon will also undertake comprehensive operations and maintenance services post]commissioning.
JBM Auto rallies 4% on inking pact with MUON India for 2,000 electric buses (11-06-2024)
Macquarie Group has rolled out 'Vertelo,' an EV financing platform in India, offering financing, fleet management, and charging infrastructure solutions