Long term bank loan rating (Rs 775 crore) – Acuite A-; Rating watch with developing implications (revised from Acuite A-; Stable)
Posts in category Business Standard
UPL receives downgrade in LT credit ratings (22-11-2024)
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NTPC Green Energy IPO subscribed 2.40 times (22-11-2024)
The offer received bids for 142.65 crore shares as against 59.31 crore shares on offer.
Sensex rallies 1,961 pts, Nifty ends above 23,907 mark; IT shares soar (22-11-2024)
The domestic equity market concluded the session on a strong note, with the benchmark Nifty 50 index closing above the 23,900 level. A broad-based rally across sectors, led by IT, realty, and PSU bank stocks, propelled the indices higher. Strong US labor market data, signaling a rebound in job growth, boosted investor sentiment, particularly for IT stocks. Value buying in blue-chip stocks further contributed to the market’s uptrend. Technically, the Nifty may continue its upward momentum, potentially reaching the 24,200-24,342 range next week. However, a crucial support level exists at 23,450-23,400.
Enviro Infra Engineers IPO subscribed 2.07 times (22-11-2024)
The offer received bids for 6.38 crore shares as against 3.07 crore shares on offer.
Australia’s S&P/ASX200 closed 0.85% higher (22-11-2024)
The manufacturing sector in Australia continued to contract in November, albeit at a slower pace, the latest survey from Judo Bank revealed on Friday with a manufacturing PMI score of 49.4.
Gold prices surge Rs 1,100 to Rs 80,400 per 10 g; silver climbs Rs 300 (22-11-2024)
Gold prices surged Rs 1,100 to hit a two-week high of Rs 80,400 per 10 grams in the national capital on Friday due to persistent buying by jewellers and retailers during the ongoing wedding season, according to the All India Sarafa Association.
On Thursday, the precious metal of 99.9 per cent purity finished at Rs 79,300 per 10 grams.
Silver also climbed Rs 300 to Rs 93,300 per kg. It had closed at Rs 93,000 per kg in the previous session.
Price of gold of 99.5 per cent purity soared Rs 1,100, extending the gains for the second consecutive day to Rs 80,000 per 10 grams. The yellow metal had finished at Rs 78,900 per 10 grams on Thursday.
Meanwhile, in futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery climbed Rs 906, or 1.18 per cent, to trade at Rs 77,599 per 10 grams.
“Rising global unease pushed gold higher on Comex, and by Rs 900 on MCX, reaching Rs 77,600. This sharp recovery highlights gold’s resilience and its role in balancing portfol
INR recovers amid notably higher local equities (22-11-2024)
The Indian rupee recovered from its all-time low level and appreciated 6 paise to close at 84.44 (provisional) against the US dollar on Friday, supported by positive domestic equities. The BSE Sensex witnessed a remarkable surge of over 2,000 points whilst Nifty50 crossed the 23,900 mark. BSE Sensex ended the day at 79,117.11, up 1,961 points or 2.54%. Nifty50 closed at 23,907.25, up 557 points or 2.39%. Nevertheless upside in the domestic currency was capped by US dollar index strength in the overseas market that rose above 107 mark and as oil continued to move up as fighting between Ukraine and Russia continued to gain investors’ attention. Moreover, foreign institutional investors have continued their equities selling mode and kept the dollar well bid.
Japan’s Nikkei rebounds 0.68% (22-11-2024)
The Japanese benchmark Nikkei 225 rebounded 258 points or 0.68 percent to close at 38,146.98. The day’s trading range was between 38,420.63 and 38,085.13.
Board of Intelligent Supply Chain Infrastru.Trust recommends final dividend (22-11-2024)
Of Rs 0.9127 per share