Posts in category Business Standard
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
H&M sinks on doubts about margin target, June sale drop due to bad weather (27-06-2024)
Sales this month are likely to fall 6% in local currencies versus a year earlier, partly due to poor weather in many markets, the Swedish company said
Jubilant Ingrevia gets EIR for Bharuch facility from US FDA (27-06-2024)
Jubilant Ingrevia said that it has received Establishment Inspection Report (EIR) with 'zero' Form 483 inspectional observations from the United States Food and Drug Administration (US FDA).
Global Economy Facing Heighted Risks, Indian Economy And Financial System Remains Resilient Says RBI (27-06-2024)
Reserve Bank released the 29th issue of the Financial Stability Report (FSR) today. The bank noted that the global economy is facing heightened risks from prolonged geopolitical tensions, elevated public debt, and the slow progress in the last mile of disinflation. Despite these challenges, the global financial system has remained resilient and financial conditions stable. The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability. With improved balance sheets, banks and financial institutions are supporting economic activity through sustained credit expansion.
Nifty June futures trade at premium (27-06-2024)
The NSE's India VIX shed 0.12% to 14.03.
Quick Wrap: Nifty IT Index rises 2.03% (27-06-2024)
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Sensex, Nifty hit fresh record highs; Nifty tops 24K; Sensex jumps 569 pts (27-06-2024)
The key equity indices ended with strong gains on Thursday, gaining for fourth day in a row. The Nifty closed above the 24,000 level after hitting days low of 23,805.40 in early trade. IT, oil & gas and auto stocks were in demand while media, PSU bank and pharma shares declined. Trading was volatile due to monthly F&O series expiry today.