Posts in category Business Standard
Deep Energy Resources standalone net profit rises 409.09% in the March 2024 quarter (22-05-2024)
Reported sales nil
Nifty ends near 22600, FMCG shares rally (22-05-2024)
The benchmark indices clawed their way back today, with the Nifty closing near 22,600 despite early weakness. FMCG stocks were the flavor of the day, buoyed by monsoon optimism. Metal and banking shares, however, remained lackluster. The positive momentum comes despite global jitters ahead of the US Fed minutes release. Investors seem optimistic about reduced election worries, but foreign investors remain cautious on the sidelines awaiting the election outcome.
US Dollar Index Strengthens Ahead Of Fed Minutes (22-05-2024)
The US dollar is advancing for the third straight session on Wednesday ahead of the release of FOMC minutes that could throw some light on Federal interest rate decision. The dollar index that measures the greenback against a basket of currencies is quoting at 104.80, up 0.23% on the day. Expectations that US Fed will maintain restrictive stance for longer period of time, considering that inflation will need much more time to ease before beginning to cut rates is keeping dollar buoyant. Among the basket currencies, EURUSD and GBPUSD are trading lower at $1.0837 and $1.2705 respectively.
Awfis Space Solutions IPO subscribed 2.02 times (22-05-2024)
The offer received bids for 1.74 crore shares as against 0.86 crore shares on offer.
HCL Infosystems reports consolidated net loss of Rs 5.53 crore in the March 2024 quarter (22-05-2024)
Sales decline 18.64% to Rs 6.72 crore
Refex Renewables & Infrastructure reports consolidated net loss of Rs 8.06 crore in the March 2024 quarter (22-05-2024)
Sales decline 48.42% to Rs 17.81 crore
Gandhar Oil Refinery (India) consolidated net profit declines 58.81% in the March 2024 quarter (22-05-2024)
Sales decline 4.81% to Rs 939.24 crore
Petronet LNG consolidated net profit rises 23.53% in the March 2024 quarter (22-05-2024)
Sales decline 0.58% to Rs 13793.16 crore
Ramsons Projects reports standalone net loss of Rs 0.31 crore in the March 2024 quarter (22-05-2024)
Sales rise 11.76% to Rs 0.19 crore