Posts in category Business Standard
Allied Blenders and Distillers IPO subscribed 23.49 times (27-06-2024)
The offer received bids for 92.49 crore shares as against 3.93 crore shares on offer.
INR Supported By Positive Local Equities; Sensex, Nifty Hit New Highs (27-06-2024)
The Indian rupee rebounded well on Thursday tracking positive trend in equity markets. INR appreciated 13 paise to settle at 83.44 (provisional) against the US dollar. Indian shares rose notably to hit fresh record highs despite weak cues from global markets and concerns about high valuations. The benchmark S&P/BSE Sensex zoomed 568.93 points, or 0.72 percent, to close at 79,243.18 amid buying in blue-chip stocks. The broader NSE Nifty index closed at 24,044.50, up 175.70 points, or 0.74 percent, from its previous close. However, strength of the American currency in the overseas market and US dollar demand from oil marketing companies capped sharp gains for the local unit. At the interbank foreign exchange market, the local unit opened at 83.56 and hit the intraday high of 83.43 against the greenback during the session. Meanwhile, global sentiment was fragile amid an impending French snap election and due to anxiety ahead of a major U.S. presidential debate in Atlanta later in ...
Japanese Markets End Lower (27-06-2024)
Japanese finance minister Shunichi Suzuki reiterated today that authorities are watching the currency market closely and will take appropriate action as needed to help the exchange rate move in a stable manner.
China Stocks Tumble Amid Frail Economic Cues (27-06-2024)
Hong Kong's Hang Seng index tumbled 2.06 percent to 17,716.47, dragged down by tech stocks.
China’s Markets Tumble As Industrial Profits Growth Slows (27-06-2024)
China's Shanghai Composite index fell 0.90 percent to 2,945.85 after data showed a sharp slowdown in industrial profit growth in May.
Infosys Finacle collaborates with Qorus to host Banking Innovation Awards (27-06-2024)
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Qorus, a global association of banks and insurance companies, today announced their collaboration to host the 11th edition of the Qorus-Infosys Finacle Banking Innovation Awards.
Sensex rallies 569 pts, Nifty ends above 24K; IT stocks climb (27-06-2024)
Domestic equity barometers stocks notched gains for a fourth day, capping a volatile session fueled by monthly derivatives expiry. The Nifty50 index climbed above 24,000, shrugging off early weakness. IT, oil & gas, and auto stocks led the advance, reflecting optimism around specific sectors. However, broader market participation remained subdued due to valuation worries and foreign investor selling amid rising US yields. The global market picture offered little direction, with caution prevailing ahead of crucial US economic data releases that could influence future interest rate decisions.
Vraj Iron and Steel IPO subscribed 16.90 times (27-06-2024)
The offer received bids for 10.37 crore shares as against 61.38 lakh shares on offer.
Adani Enterprises update on proposed merger of Adani Cementation with Ambuja Cements (27-06-2024)
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Board of Ambuja Cements approves merger with Adani Cementation (27-06-2024)
At meeting held on 27 June 2024