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Posts in category Business Standard
Kogta Financial (India) standalone net profit rises 23.73% in the March 2024 quarter (16-05-2024)
Sales rise 34.27% to Rs 220.25 crore
Godrej Consumer Products announces change in Business Head of GAUM (16-05-2024)
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INR Settles Lower In Range Bound Moves (16-05-2024)
The Indian rupee continued to stay range-bound and settled 4 paise lower at 83.50 (provisional) against the US dollar on Thursday. Firm domestic equities supported the local unit and restricted its losses in the local currency. The benchmark S&P BSE Sensex jumped 676.69 points, or 0.93 percent, to 73,663.72 while the broader NSE Nifty index closed at 22,403.85, up 203.30 points, or 0.92 percent, from its previous close. However, rupee remains under pressure due to ongoing elections and foreign fund outflows. Moreover, a drop in the dollar index and U.S. bond yields helped underpin sentiment as moderating U.S. inflation and soft retail sales figures brought Fed rate cuts back into focus.
NSE SME IPO of Rulka Electricals subscribed 5.83 times (16-05-2024)
The offer received bids for 49.15 lakh shares as against 8.42 lakh shares on offer.
Go Digit General Insurance IPO subscribed 79% (16-05-2024)
The offer received bids for 4.17 crore shares as against 5.28 crore shares on offer.
Board of Crompton Greaves Consumer Electricals approves change in registered office (16-05-2024)
At meeting held on 16 May 2024
NSE SME IPO of HOAC Foods India subscribed 46.46 times (16-05-2024)
The offer received bids for 5.36 crore shares as against 11.55 lakh shares on offer.
Nifty vaults past 22,400 as market stages dramatic rebound (16-05-2024)
Domestic equity benchmarks took a wild ride today, bucking the global trend and finishing nearly 1% higher despite early jitters. The day was volatile thanks to weekly index options expiry, sending the Nifty 50 bouncing off its lows of 22,054.55 to close above 22,400. Sectors like consumer durables, IT, and realty were hot, while PSU banks lagged behind. However, worries about FII selling and upcoming election results persist.
Pound Stalls After Recovering To Fresh Monthly High (16-05-2024)
UK pound lost momentum against the dollar on Thursday but continues to hold over a one-month high. GBPUSD pulled back slightly after accentuating gains during the week to its best level since second week of April. Currently, the pair is quoting at $1.2674, down 0.07% on the day as dollar recovered from a steep slide. The dollar index, that measures the greenback against a basket of currencies mildly rebounded after a decline below 104 mark yesterday and is now trading at 104.26, up 0.05% on the day. Going forward, the pound will be guided by the US Dollar that would take cues from Fed policymakers commentary on the interest rate guidance.