Posts in category Business Standard
Stock Market LIVE: Smallcaps shine in weak session; SCI up 12%, RITES 11% (25-01-2024)
Stock market LIVE updates on January 25, 2024: 26 of 30 Sensex stocks were in the red, while 39 of 50 Nifty stocks were reeling under pressure
Stocks to Watch today: Bajaj Auto, Tata Steel, Tech M, TVS Motor, IOC, BoB (25-01-2024)
Stocks to watch on Thursday, January 25, 2024: Among companies announcing Q3 results yesterday, Tata Steel reported a turnaround while IOC and Ceat postged a 10-fold and 5-fold jump in net profit.
Gold falls Rs 50, silver jumps Rs 300; yellow metal trading at Rs 63,000 (25-01-2024)
The price of 22-carat gold also witnessed a fall of Rs 50, with the yellow metal selling at Rs 57,750.
Nifty Auto, IT indices range-bound on charts; Key levels to watch out for (25-01-2024)
According to Ravi Nathani, an independent technical analyst, the Nifty IT index is seen oscillating between 37,930 and 36,136 trading range.
IPO-bound S K Finance raises Rs 1,328 crore capital from investors (24-01-2024)
Vehicle finance and business loans-focused non-bank lender S K Finance has raised Rs 1,328 crore from investors.
Motilal Oswal Private Equity has pumped in Rs 415 crore for a minority stake in the 1994-incorporated, Jaipur-based company, as per a statement.
Existing shareholders Norwest Venture Partners, TPG Growth, Baring Private Equity India, and new investors Duro Capital, Axis Alternatives, Ananta Capital, and Mirae Asset Venture Investments were among the other investors in the round, it said.
The company has grown at a rate of 40 per cent annually on a compounded basis over the last six years till FY23, as per the statement.
The latest fund infusion includes both fresh issue of shares and also secondary capital, it said.
IEA will expedite 2025 oil demand forecast after Opec’s early move (24-01-2024)
OPEC believes oil use will keep rising over the next two decades, while the IEA, which represents industrialised countries, predicts it will peak by 2030
Multi-Commodity Exchange of India starts process of offering DMA to FPIs (24-01-2024)
The DMA facility allows brokers to provide direct trading terminals to their clients. "All DMA orders shall be routed to the exchange trading system through the broker's trading system," MCX said
Sensex surges 690 points to reclaim 71K peak, equity benchmarks rebound 1% (24-01-2024)
Equity benchmark indices Sensex and Nifty rebounded sharply by 1 per cent on Wednesday after sliding for the past two sessions, propelled by bargain hunting in metal, commodity and telecom stocks.
Trading through a patchy track in the opening session, the 30-share BSE Sensex gradually gained ground and jumped 689.76 points, or 0.98 per cent, to settle at 71,060.31. The benchmark moved between an intra-day high of 71,149.61 and a low of 70,001.60.
The broader NSE Nifty also closed 215.15 points or 1.01 per cent higher at 21,453.95.
Among the Sensex firms, major winners included Tata Steel, rising 3.77 per cent, followed by HCL Tech, which gained 3.62 per cent.
IndusInd Bank and PowerGrid closed with a gain of 3,60 and 3.34 per cent, respectively. Other gainers were Tech Mahindra, Hindustan Unilever, Bajaj Finserve and Bharti Airtel, among others.
On the other hand, ICICI Bank, Axis Bank, Asian Paints, Bajaj Finance and TCS were the only laggards, sliding up to 2.94 per cent.
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Crude oil rises towards $80 as China announces economic stimulus package (24-01-2024)
The front-month March contract for Brent crude was up 40 cents to $79.95 a barrel at 1410 GMT. U.S. West Texas Intermediate crude was up 57 cents to $74.94 a barrel
One year of Hindenburg: Adani group up, recouping market cap losses (24-01-2024)
The Securities and Exchange Board of India (Sebi) continues to investigate allegations made by Hindenburg against the group. It has concluded 22 of the 24 investigations