RBL Bank Ltd is quoting at Rs 232.35, up 1.89% on the day as on 12:49 IST on the NSE. The stock is up 64.15% in last one year as compared to a 27.87% spurt in NIFTY and a 14.83% spurt in the Nifty Private Bank index.
Posts in category Business Standard
Japan Market closed for Vernal Equinox holiday (20-03-2024)
Asian stock markets were mostly higher on Wednesday, 20 March 2024, following the broadly positive cues from global markets overnight and ahead to the US Fed’s monetary policy decision later in the day. The Fed is widely expected to leave interest rates unchanged, but the central bank’s accompanying statement could have a significant impact on the outlook for rates. Fed Chair Jerome Powell and his colleagues will update their economic and rate projections later in the day.
Sensex gains 183 pts; consumer durables slide; VIX slips 2.40% (20-03-2024)
At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 182.64 points or 0.25% to 72,194.69. The Nifty 50 index rose 42.80 points or 0.20% to 21,860.25.
Rama Steel pares bank debt worth Rs 115.98 crore (20-03-2024)
Rama Steel Tubes said that the company has managed to reduce its sanctioned bank loans limits by Rs 115.98 crore, which is 39% of total existing sanctioned limits over the year.
IFCI gains as board OKs Rs 500-cr preferential allotment (20-03-2024)
IFCI rose 1.04% to Rs 38.05 after its board approved preferential issue of equity shares against capital infusion for the FY 23-24 aggregating upto Rs 500 crore to its promoter, Government of India.
BPL Ltd leads gainers in ‘B’ group (20-03-2024)
Loyal Textile Mills Ltd, Arvind SmartSpaces Ltd, Salzer Electronics Ltd and Cantabil Retail India Ltd are among the other gainers in the BSE’s ‘B’ group today, 20 March 2024.
Domestic business confidence points to robust optimism about near-term prospects (20-03-2024)
Reserve Bank of India or RBI stated in a monthly update yesterday that real GDP expanded at a six-quarter high rate in October-December 2023, powered by strong momentum, robust indirect taxes and lower subsidies. RBI’s nowcast of real GDP growth for January-March 2024 seen in conjunction with high-frequency indicators for the fourth quarter suggests that the NSO’s estimate for the full year 2023-24 will be exceeded and a rate closer to 8% may be clocked. Purchasing managers’ indices (PMI) reflect buoyant demand conditions, rising investment in technology, efficiency gains and favourable sales growth. The overall level of business confidence points to robust optimism about near-term prospects.
Dollar Edges Up As Rate Cut Expectations Were Pushed Back Says RBI (20-03-2024)
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Metro Brands Ltd leads gainers in ‘A’ group (20-03-2024)
L T Foods Ltd, Time Technoplast Ltd, Chalet Hotels Ltd and Eicher Motors Ltd are among the other gainers in the BSE’s ‘A’ group today, 20 March 2024.
Time Technoplast spurts after getting nod for manufacturing hydrogen cylinder from PESO (20-03-2024)
Time Technoplast rallied 6.45% to Rs 206.15 after the company received approval from Petroleum and Explosives Safety Organization (PESO) for manufacturing high pressure type-IV composite cylinder, prototype, for hydrogen.