Large currency speculators in the Pound futures sharply increased their net long positions, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net long position of 58385 contracts in the data reported through March 05 2024. This was a weekly gain of 12027 net contracts and net position climbed to its highest level since August 2023.
Posts in category Business Standard
Kirloskar Brothers Ltd leads gainers in ‘A’ group (11-03-2024)
K E C International Ltd, NLC India Ltd, Torrent Power Ltd and Solar Industries India Ltd are among the other gainers in the BSE’s ‘A’ group today, 11 March 2024.
Gravita’s Pure Lead from Mundra plant gets empanelled with MCX (11-03-2024)
The company said, “The MCX empanelment will provide us with an additional platform for hedging, better inventory management and price transparency in the domestic market. This empanelment will also increase the availability of high-quality lead for delivery against MCX lead futures contracts, benefiting market participants. It also aligns with Gravita group’s vision ‘To be the most valuable company in the recycling space globally’.”
Dilip Buildcon gets LoA for Rs 548-cr project from NHAI (11-03-2024)
The civil construction company informed that it has received Letter of Award (LoA) worth Rs 548 crore for the tender floated by the National Highways Authority of India (NHAI) in Tamil Nadu.
Knowledge Marine bags LoA from IWAI worth Rs 98 cr (11-03-2024)
Knowledge Marine & Engineering Works informed that it has received the letter of award (LoA) from the Inland Waterways Authority of India (IWAI) for the fairway maintenance of National Waterway 1 (River Ganga).
Dwarikesh Sugar edges higher after board OKs share buyback proposal (11-03-2024)
Dwarikesh Sugar Industries added 3.15% to Rs 83.40 after its board approved a proposal to buyback up to 30,00,000 fully paid-up equity shares of the company, representing 1.59% of total equity capital, at a price of Rs 105 per share.
Nifty below 22,450 mark; media shares decline (11-03-2024)
At 11:28 IST, the barometer index, the S&P BSE Sensex was down 318.04 points or 0.43% to 73,801.35. The Nifty 50 index lost 79.25 points or 0.35% to 22,414.30.
Droneacharya Aerial secures training contract from MoD (11-03-2024)
Droneacharya Aerial Innovation announced that it has received first person view (FPV) drone pilot training contract from the Ministry of Defence (MoD), Department of Military Affairs, Government of India.
Smallcaps slide on fears of tighter Sebi norms; BCL, Sigachi sink up to 17% (11-03-2024)
The S&P BSE Smallcap index was down 1 per cent in intra-day deals on Monday as against a 0.3 per cent dip on the S&P BSE benchmark, the Sensex.
Infibeam Avenues gains on launching AI developer platform (11-03-2024)
Infibeam Avenues added 1.64% to Rs 40.81 after the company launched Theia, a video artifical intelligence (AI) developer platform for transforming business operations through AI.