Euro is coming off the days high and staying along the flat line on Tuesday amid renewed strength in dollar overseas. Investors await crucial U.S. consumer and producer prices data for more clarity about the Federal Reserve’s interest rate moves. The dollar index that measures the greenback against a basket of currencies is trading at 102.89, up marginally on the day. Meanwhile, benchmark 10-year US treasury yields are staying close to 4% mark. EURUSD is currently staying flat at $1.0928. German consumer prices posted its weakest rise since mid-2021, as initially estimated, on weaker energy and food prices in February, final data from Destatis revealed Tuesday. The consumer price inflation slowed to 2.5 percent in February from 2.9 percent in January. The last time inflation was lower was in June 2021, when it stood at 2.4 percent. Excluding energy and food, core inflation was 3.4 percent, the same as in January and matched flash estimate. This was well above the European Central …
Posts in category Business Standard
Paisalo Digital Ltd leads losers in ‘A’ group (12-03-2024)
Swan Energy Ltd, Godfrey Phillips India Ltd, Kaynes Technology India Ltd and JTL Industries Ltd are among the other losers in the BSE’s ‘A’ group today, 12 March 2024.
Maximus International Ltd leads losers in ‘B’ group (12-03-2024)
Lancer Containers Lines Ltd, Sah Polymers Ltd, Kriti Industries (India) Ltd and Authum Investment & Infrastructure Ltd are among the other losers in the BSE’s ‘B’ group today, 12 March 2024.
Nifty holds 22,300 level, PSU banks edge lower (12-03-2024)
At 14:29 IST, the barometer index, the S&P BSE Sensex was up 219.64 points or 0.30% to 73,722.28. The Nifty 50 index added 9.45 points or 0.04% to 22,342.10.
Vishal Mega Mart planning $1 bn IPO valuing supermarket chain at $5 bn (12-03-2024)
The retailer has 560 stores, mainly in smaller cities, that sell clothes and grocery items. It competes with Indian tycoon Mukesh Ambani’s Reliance, Tata Group’s Trent
Hil gains after inking pact to acquire 100% stake in Crestia Polytech (12-03-2024)
Hil advanced 3.11% to Rs 2,784 after the company has signed an agreement to acquire 100% equity share capital of Crestia Polytech along with its four wholly owned subsidiaries at an aggregate enterprise value of Rs 265 crore.
Ion Exchange rises on Rs 120-cr order win (12-03-2024)
Ion Exchange (India) advanced 2.14% to Rs 458.80 after the firm received a contract from Maaden, Saudi Arabia for setting up of water treatment plant at a contract value of Rs 120 crore.
Volumes spurt at Linde India Ltd counter (12-03-2024)
Linde India Ltd registered volume of 7.72 lakh shares by 14:14 IST on NSE, a 13.19 fold spurt over two-week average daily volume of 58548 shares
Australia Market gains 0.11% (12-03-2024)
At closing bell, the benchmark S&P/ASX200 index increased by 8.31 points, or 0.11%, to 7,712.53. The broader All Ordinaries index grew by 9.42 points, or 0.12%, to 7,973.03.
Fintech stock sinks 9% on block deal Tuesday; has soared 87% so far in 2024 (12-03-2024)
In the last 6 months, Infibeam Avenues has rallied 141 per cent from a level of Rs 16.6 reached on September 12, 2023