Besides Bharat Heavy Electricals (BHEL), the Indian Railways and two private infrastructure companies had placed bulk orders
Posts in category Business Standard
Oil prices firm for a second session on upbeat US economic data (27-01-2023)
Oil prices rose for a second session on Friday, buoyed by stronger than expected U.S. economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand
Gold prices subdued as US economic data backs Fed’s interest rate stance (27-01-2023)
Investors are keeping a close eye on the central bank’s two-day policy meeting next week, with a 25-basis-point rate increase widely expected
Crypto wrap: Market in green but Fed announcement to keep volatility high (27-01-2023)
US Fed will hold its meeting on January 31 and February 1 and announce the policy on February 2
Stock markets achieve complete transition to T+1 settlement regime (27-01-2023)
Indian stock markets on Friday achieved a complete transition to a shorter settlement cycle or T+1 regime, a move that will bring significant capital efficiencies to the investors and improve risk mitigation for the entire industry.
T+1 (trade plus one) means that market trade-related settlements will need to be cleared within one day of the actual transactions taking place. Earlier, trades on the Indian stock exchanges are settled in two working days after the transaction is done (T+2).
All trades from January 27 executed in any securities in the equity segment will be settled on a T+1 basis, the National Stock Exchange (NSE) said in a statement.
The journey to shortening the settlement cycle began on September 7, 2021, when capital markets regulator Sebi allowed stock exchanges to introduce the T+1 settlement cycle from January 1, 2022, on any of the securities available in the equity segment.
Following this, all the market infrastructure institutions — stock exchanges, clearing
Reliance Industries hits 10-month low, stock slips 15% since December (27-01-2023)
The stock dipped 3% to Rs 2,312 per share and traded trading at its lowest level since March 2022.
Sell-off in Adani, bank stocks make investors poorer by Rs 12 trn in 2 days (27-01-2023)
The sell-off in Adani Group firms has wiped out $45 billion of investors’ wealth over the last two sessions after Hindenburg Research alleged “brazen stock manipulation”
Adani Green, Adani Ports and 31 other BSE500 stocks hit 52-week lows (27-01-2023)
Shares of Indus Tower, Vodafone Idea, Aurobindo Pharma, TV18 Broadcast, Voltas and Whirlpool of India were among total 33 stocks from the S&P BSE 500 index that hit their respective 52-week lows
Dixon Tech plunges 20% to hit 52-week low on disappointing Q3 results (27-01-2023)
The management cut FY23 sales guidance to Rs 12,000-Rs 12,500 crore, from Rs 14,000-Rs 14,500 crore guided a few months earlier
ITC gains nearly 3%, hits over two-month high in weak market (27-01-2023)
Brokerages expect strong growth for ITC’s FMCG business led by price hikes, strong traction in discretionary categories (due to high mobility) & strong growth in education & stationary business.