Ambuja Cements said that it has signed a definitive agreement to acquire My Home Group’s 1.5 million tones per annum (MTPA) Cement Grinding Unit in Tuticorin, Tamil Nadu.

Organization of Petroleum Exporting Countries (OPEC) has stated in a monthly update that the robust growth momentum in Indian economy is expected to persist, benefiting from the strong finish to 2023, with 4Q23 growth reaching 8.4%, y-o-y. Manufacturing continues to play a crucial role in driving growth, supported by Production Linked Incentives (PLI) schemes in strategic sectors. Confidence levels remain high, as indicated by the upward trajectory of PMI indexes in both manufacturing and services. While unemployment shows a slight decline, the services sector could experience upside potential. However, the agricultural sector is anticipated to face challenges due to ongoing issues related to irregular weather patterns and relatively low water reservoir levels, leading to decreased output and sectoral performance.

Large currency speculators net long positions in the Euro futures market rose, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 32723 contracts in the data reported through April 09, 2024. This was a weekly rise of 15929 net contracts even as net long position stay at its lowest level since September 2022.

At At 12:29 IST, the barometer index, the S&P BSE Sensex, slipped 438.93 points or 0.59% to 73,805.97. The Nifty 50 index declined 126.90 points or 0.56% to 22,392.50.

Aster DM Healthcare surged 7.67% at Rs 525.40 after the company said its board has declared a special dividend of Rs 118 per equity share.