The domestic equity benchmarks snapped early gains to close slightly lower on Wednesday, as the Reserve Bank of India (RBI) maintained its key policy rates. The Nifty50 struggled to break above the 25,200 resistance level, with a late sell-off in heavyweight stocks dragging the index lower. The broader market outperformed, with mid and small-cap stocks advancing. Pharma and realty shares led the way, while FMCG and energy stocks corrected.
Posts in category Business Standard
Rashtriya Chemical mandates Larsen & Toubro to set up complex fertilizer plant at Thal (09-10-2024)
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Garuda Construction and Engg IPO subscribed 4.10 times (09-10-2024)
The offer received bids for 8.16 crore shares as against 1.99 crore shares on offer.
Japan’s Nikkei ends 0.87% higher (09-10-2024)
Nvidia supplier Advantest jumped 3.7 percent, Tokyo Electron added 1.2 percent and technology investor SoftBank Group rose 1.3 percent.
Chinese stocks plunge on profit booking, benchmark down 6.62% (09-10-2024)
The dollar held steady after a notably rally and gold drifted lower while oil recovered some ground, after having fallen more than 4 percent on Tuesday following reports of a possible Hezbollah-Israel ceasefire.
Britannia Bel Foods inaugurates new cheese factory at Ranjangaon, Maharashtra (09-10-2024)
Britannia Bel Foods, a leading Cheese player in India, today marked a significant milestone in its growth, nearly two years after being established as an ambitious joint venture. The company announces the inauguration of its Cheese factory in India, dedicated to the local production of Britannia The Laughing Cow products, reinforcing its commitment to serving the best quality products to Indian consumers made locally. Maharashtra is a leading state in India for milk production and boasts of a mature well integrated dairy ecosystem, making it the ideal choice for the Cheese factory location within Britannia’s Dairy food park in Ranjangaon.
Nifty October futures trade at premium (09-10-2024)
NSE India VIX slipped 3.44% to 14.09.
‘Buyers opting for lighter, more affordable pieces amid rising gold prices’ (09-10-2024)
Despite the increase in gold prices, the enduring appeal of gold during festive seasons and weddings remains strong
Nifty settles below 25K; VIX slides 3.44%; RBI keeps repo rate unchanged (09-10-2024)
As per provisional closing data, the S&P BSE Sensex was down 167.71 points or 0.21% to 81,467.10. The Nifty 50 index shed 31.20 points or 0.12% to 24,981.95.
Hyundai to invest $3 bn IPO proceeds to enhance R&D, new car development (09-10-2024)
The IPO, which will be India’s biggest ever, opens to investors next week and will involve the South Korean parent company selling up to a 17.5 per cent stake in its Indian division