Posts in category Business Standard
Euro Currency Speculators Increase Net Long Positions (22-07-2024)
Large currency speculators in the Euro futures market increased net long position, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 24749 contracts in the data reported through July 16, 2024. This was a weekly rise of 21126 net long contracts.
Nifty ends below 24,550; Sensex drops 102 pts; VIX jumps 4% (22-07-2024)
As per provisional closing, the barometer index, the S&P BSE Sensex, was down 102.57 points or 0.13% to 80,502.08. The Nifty 50 index shed 21.65 points or 0.09% to 24,509.25.
Kataria Industries IPO: Allotment status today, GMP, likely listing price (22-07-2024)
Kataria Industries IPO allotment status: The unlisted shares of Kataria Industries are currently trading at a premium of Rs 70
India’s stock market capitalisation to GDP ratio ranks fifth globally, Says Economic Survey (22-07-2024)
Capital markets are becoming prominent in Indias growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation, and digitisation, according to Economic Survey 2023-24 tabled in Parliament on Monday. Indian stock market was among the best-performing markets, with Indias Nifty 50 index ascending by 26.8 per cent during FY24, as against (-)8.2 per cent during FY23. The market capitalisation of the Indian stock market has seen a remarkable surge, with the market capitalisation to GDP ratio being the fifth largest in the World. The presence of a robust Digital Public Infrastructure (DPI) and the greater involvement of banks and microfinance institutions (MFIs) have contributed to improved financial inclusion. The insurance and pension sectors are also doing well, as indicated by their expanding coverage.
NSE launches Nifty IPO index (22-07-2024)
The weight of each company in the index will be based on its free-float market capitalization, with a cap of 10% to prevent any single stock from dominating the index. The index will be reviewed and rebalanced on a quarterly basis to reflect changes in the market.
Inflation Largely Under Control: Economic Survey (22-07-2024)
In 2023, India's inflation rate was within its target range of 2 to 6 per cent. Compared to advanced economies like the USA, Germany, and France, India had one of the lowest deviations from its inflation target in the triennial average inflation from 2021-2023.
Primary mkt was robust amidst favourable investment climate: Eco Survey (22-07-2024)
Debt issuances dominated fundraising in the last fiscal year, constituting 78.8 per cent of the total funds raised
IOB PAT rises 21% YoY to Rs 633 crore in Q1 FY25 (22-07-2024)
Indian Overseas Bank (IOB) reported 20.93% jump in net profit to Rs 632.81 crore on 21.53% rise in total income to Rs 7,568 crore in Q1 FY25 over Q1 FY24.
Rising FPI inflows keep the Indian Rupee in a manageable range of ₹82 to ₹83.5/USD in FY24, Says Economic Survey (22-07-2024)
India witnessed positive net foreign portfolio investment (FPI) inflows in FY24 of USD 44.1 billion, supported by strong economic growth, a stable business environment, and increased investor confidence, as per Economic Survey 2023-24 tabled in Parliament on Monday. Rising FPI inflows kept the Indian Rupee in a manageable range of ₹82 to ₹83.5/USD in FY24. The Rupee emerged as the least volatile currency among its emerging market peers and a few advanced economies in FY24. The shock absorbers of Indias external sector - forex reserves, sustainable external debt indicators, and market-determined exchange rate, are in place to cushion the global headwinds. The relative stability of the rupee, despite a stronger US dollar and elevated US treasury yields, reflects the strength of the Indian economy's sound macroeconomic fundamentals, financial stability, and improvements in external position. In the future, robust foreign inflows and comfortable trade deficits are expected to keep the ...
Nitin Spinners standalone net profit rises 45.74% in the June 2024 quarter (22-07-2024)
Sales rise 30.12% to Rs 802.97 crore