Traders reportedly adjusted positions in anticipation of an increase in state govt securities supply on Tuesday
Posts in category Business Standard
US stocks ease, focus shifts on Fed (18-03-2024)
The US stocks closed lower on Friday, led by technology-related megacaps, while investors weighed the interest rate outlook ahead of next week’s Federal Reserve meeting. Nasdaq slumped 1% while the S&P 500 slid 0.7%. Dow fell 0.5%. The major US stock indexes have backed off record highs ahead of the Federal Reserve’s all-important March monetary policy meeting. The US central bank is set to release its latest monetary policy decision and updated economic projections at 2:00 p.m. ET on Wednesday afternoon.
US stocks ease, focus shifts on Fed (18-03-2024)
The US stocks closed lower on Friday, led by technology-related megacaps, while investors weighed the interest rate outlook ahead of next week’s Federal Reserve meeting. Nasdaq slumped 1% while the S&P 500 slid 0.7%. Dow fell 0.5%. The major US stock indexes have backed off record highs ahead of the Federal Reserve’s all-important March monetary policy meeting. The US central bank is set to release its latest monetary policy decision and updated economic projections at 2:00 p.m. ET on Wednesday afternoon.
Krystal Integrated Services IPO subscribed 13.21 times (18-03-2024)
The offer received bids for 3.96 crore shares as against 29.99 lakh shares on offer.
Stocks edge up on cautious optimism before Fed move (18-03-2024)
The domestic equity benchmarks clawed their way back from early losses to close slightly higher on Monday. The Nifty 50 managed to stay above 22,000 despite some weakness in IT, FMCG and consumer durables stocks. Investors seem to be in a wait-and-see mode ahead of the US Federal Reserve’s interest rate decision on Wednesday. While most expect rates to stay on hold, any hints about future cuts could be a market mover. Shares of mid and small companies continued to see selling as investors remain cautious about stretched valuations.
INR Settles Lower Amid Firm Dollar Overseas (18-03-2024)
The Indian rupee settled lower for the day, registering a decline of 4 paise to settle at 82.90 (provisional) against the US currency on Monday on firm crude oil prices although gains in domestic stock markets and foreign fund inflows capped the rupee’s losses. The benchmark S&P BSE Sensex picked up some momentum to end the session up 104.99 points, or 0.14 percent, at 72,748.42. The broader NSE Nifty index also recovered from an early slide to end up 32.35 points, or 0.15 percent, higher at 22,055.70. The local unit opened firm at 82.84 to a dollar at the interbank foreign exchange market and inched up to the day’s high of 82.83 in early deals. Dollar index holding firmly above 103 mark ahead of FOMC outcome this week following sticky US inflation levels as shown by recent data.
Poonawalla Fincorp rises on appointing Arvind Kapil as MD & CEO (18-03-2024)
Poonawalla Fincorp rose 1.58% to Rs 469.85 after its board approved the appointment of Arvind Kapil as managing director & chief executive officer (MD & CEO) of the company, for a period of five years effective from 24 June 2024.
Nifty March futures trade at premium (18-03-2024)
HDFC Bank, Tata Steel and ICICI Bank were the top traded contracts.
Quick Wrap: Nifty Metal Index rises 2.49% (18-03-2024)
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Dilip Buildcon rises as JV bags LoA for Rs 413-cr project in MP (18-03-2024)
Dilip Buildcon added 1.52% to Rs 411.75 after the firm through its joint venture (JV), VKMCPL-DBL received letter of acceptance (LoA) for construction project in Madhya Pradesh (MP) worth Rs 412.92 crore.