Posts in category Business Standard
Oil prices fall on big US crude stock build, Asian fuel demand worries (16-11-2023)
Brent futures fell 28 cents to $80.90 a barrel by 0001 GMT. U.S. West Texas Intermediate crude (WTI) lost 31 cents to $76.35 a barrel.
Stocks to Watch today, Nov 16: TCS, Bajaj Fin, RateGain, ONGC, Dabur, Paytm (16-11-2023)
Stocks to Watch on Thursday, November 16, 2023: The RBI has asked Bajaj Finance to stop sanctioning and disbursal of loans under 'eCOM' and 'Insta EMI Card' segments with immediate effect
Gold price rises Rs 440 to Rs 61,040, silver jumps Rs 1,700 to Rs 74,700 (16-11-2023)
The price of 22-carat gold rose Rs 400, with the yellow metal selling at Rs 55,950
Stock Market LIVE: Sensex gains 150 pts; NTPC, TaMo jump 2%, TCS up 1% (16-11-2023)
Stock Market LIVE on November 16, 2023: Bajaj Finance dropped up to 3 per cent after RBI banned its two digital lending products; Insta EMI and eCOM
Gold prices rise Rs 410, silver jumps Rs 1,700; oil dips below $82 (15-11-2023)
The precious metal had closed at Rs 60,800 per 10 grams in the previous trade
Oil price falls on high US production, despite strong demand signals (15-11-2023)
In signs of healthy U.S. crude supply, American Petroleum Institute figures on Tuesday showed rising crude oil and gasoline inventories last week
IndusInd Bank, Suzlon Energy among nine firms added to MSCI India Index (15-11-2023)
As many as nine firms, including IndusInd Bank, Suzlon Energy and One 97 Communications, were added to the MSCI India Index, according to an update announced by index compiler MSCI.
There are nine additions to the MSCI India index, and the changes in constituents will take place on the close of November 30, 2023, it said.
APL Apollo Tubes, IndusInd Bank, Macrotech Developers, One 97 Communications (Paytm's parent firm), Persistent Systems, Polycab India, Suzlon Energy, Tata Communications and Tata Motors will be added to the MSCI India index, as per the announcement.
Shares of Suzlon Energy jumped 4.79 per cent, One 97 Communications rallied 2.90 per cent, Tata Motors climbed 2.84 per cent, Persistent Systems (0.61 per cent) and Macrotech Developers (0.37 per cent) on the BSE.
However, the stock of IndusInd Bank fell 1.05 per cent, Tata Communications lost 1.26 per cent, APL Apollo Tubes dipped 0.90 per cent, and Polycab India skidded 0.04 per cent.
MSCI Global Standard Index is .
Equity investors become richer by Rs 3.29 trn as markets rally over 1% (15-11-2023)
Investors' wealth surged Rs 3.29 lakh crore on Wednesday, driven by a robust rally in the equity markets.
The 30-share BSE Sensex jumped 742.06 points or 1.14 per cent to settle at 65,675.93. During the day, it zoomed 813.78 points or 1.25 per cent to 65,747.65.
The market capitalisation of BSE-listed firms rallied Rs 3,29,520.27 crore to reach Rs 3,25,40,108.97 crore.
"The market's strong gap-up jump in response to positive global cues on account of the softer than anticipated US and UK inflation data highlights the optimism for an end to the interest rate cycle, as evidenced by the ease in bond yields.
"This is likely to draw FII flows into emerging markets, which is good for India considering the current better earnings season and the festive demand pick-up. The drop in the CPI for India also improved the mood," said Vinod Nair, Head of Research at Geojit Financial Services.
Among the Sensex firms, Tech Mahindra, Tata Motors, Infosys, Wipro, Tata Steel, Tata Consultancy Service
Cube Highways Trust declares distribution of Rs 2 per ordinary unit for Q2 (15-11-2023)
Cube Highways Trust (Cube InvIT) managed by Cube Highways Fund Advisors Pvt Ltd on Wednesday declared a Distribution Per Unit (DPU) of Rs 2 to ordinary unitholders for the September quarter.
Cube InvIT's total consolidated income for the April-September period stood at Rs 151.51 crore, while the consolidated Earnings Before Interest, Taxes, Depreciation (EBITDA) for the period was Rs 918.24 crore.
"We are pleased that the positive momentum continues and Q2 distribution is on track," Cube InvIT group CFO Pankaj Vasani said.
According to a statement, Cube InvIT had issued 129,03,46,112 ordinary units, and consequently, a total amount of Rs 2,58.0.6 crore will be distributed to the ordinary unitholders.
Cube Highways Trust is engaged in implementing the public-private partnership model in the country's highways sector to operate and manage highway projects in association with the central and state governments.
Siemens rises 4% as German parent to buy additional 18% stake for $2.28 bn (15-11-2023)
Siemen AG's total stake in its Indian arm will jump to 69 per cent from 51 per cent at present