Posts in category Business Standard
India achieves world record voter turnout in Lok Sabha elections (03-06-2024)
The electoral process involved an extensive operation, with over 68,000 monitoring teams and 1.5 crore polling and security personnel ensuring a smooth voting experience. Despite the scale of the elections, there were no major incidents of violence reported.
Sensex rallies 2507 pts, Nifty ends above 23,260 on exit poll clues, VIX cools to 20.94 (03-06-2024)
Domestic stocks soared today on exit poll euphoria! Buoyed by exit poll predictions of a strong BJP win, investors piled into Indian stocks, sending the Nifty50 above 23,250. PSU banks and energy stocks led the charge, with PSUs particularly happy about the potential for continued reforms. How long this rally lasts depends on the actual election results. A big win could trigger a flood of sidelined cash back into the market, fueled by optimism. In the coming weeks, all eyes will be on the 100 days measures list and final budget for further cues.
Kronox Lab Sciences IPO subscribed 11.06 times (03-06-2024)
The offer received bids for 7.40 crore shares as against 0.66 crore shares on offer.
INR Jumps To Over 2-Month High Tracking Surge In Equities (03-06-2024)
The Indian rupee jumped to over two-month high closing level and settled with a gain of 28 paise at 83.14 (provisional) against the US dollar on Monday, tracking over 3 per cent surge in domestic equity benchmarks after exit poll results predicted a firm comeback of the ruling BJP-led government for the third straight term. Moreover, the steep rise in the local unit was also attributed to a number of positive factors such as strong domestic macroeconomic data, inflow of foreign funds and a weak American currency against major Asian rivals. Also, lower level of the crude oil prices after OPEC+ grouping's decision to maintain the status quo in the oil output supported the Indian currency.
Moschip Tech hits the roof on bagging Rs 509-cr order (03-06-2024)
Moschip Technologies was locked in upper circuit of 10% at Rs 142.20 after the company secured a contract from the Centre for Development of Advanced Computing (CDAC) for Rs 509.37 crore.
Nifty June futures trade at premium (03-06-2024)
NSE India VIX tumbled 14.89% as shares soared.
Vakrangee to acquire minority stake in ATM manufacturer – Vortex Engineering (03-06-2024)
Vortex Engineering (Vortex) is one of the leading provider of Automated Teller Machines (ATMs), Manufactures and markets the world's most cost-effective ATMs using patented technology. Vortex has shipped 10,000+ ATMs across India, Africa and South Asia and Software products to complement ATM hardware.
Impex Metal & Ferro Alloys to resume production in June (03-06-2024)
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Board of GE Power India approves change in directorate (03-06-2024)
At meeting held on 03 June 2024
Quick Wrap: Nifty PSU Bank Index records a surge of 8.40%, NIFTY climbs 3.25% (03-06-2024)
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