The Indian rupee ended on a flat note at 83.96 (provisional) against the US dollar on Friday as surging crude oil prices amid volatile geopolitics weighed on the local unit. The dollar was poised for its largest weekly gain since April and oil prices headed for weekly gains of about 9 percent sparked by fears of escalating tensions in the Middle East. Meanwhile, Indian shares fell notably on Friday to extend steep losses from the previous session as Middle East worries persisted and investors awaited the release of all-important U.S. jobs report later in the day for additional clues on the Fed’s rate trajectory. The benchmark S&P/BSE Sensex ended the session down 808.65 points, or 0.98 percent, at 81,688.45 while the broader NSE Nifty index settled at 25,049.85, down 200.25 points, or 0.79 percent, from its previous close. At the interbank foreign exchange, the local unit opened at 83.96 and moved between a narrow range of 83.93 and 83.97 against the greenback. The unit failed to
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The dollar hovered near a six-week high in Asian trading and gold traded near record levels while oil prices steadied, after having surged 5 percent the previous day as U.S. President Joe Biden said the U.S. was discussing possible strikes by Israel on Iran’s oil industry.
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Quick Wrap: Nifty Media Index declines 2.61% (04-10-2024)
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Benchmarks end with major cuts; media shares slide; VIX jumps 7.27% (04-10-2024)
As per provisional closing, the S&P BSE Sensex tumbled 808.65 points or 0.98% to 81,688.45. The Nifty 50 index dropped 235.50 points or 0.93% to 25,014.60.
Dividend, bonus, stock-split: NBCC, IDFC, 8 others to go ex-date next week (04-10-2024)
Here’s the complete list of stocks trading ex-date next week, along with their respective corporate announcements, and key details
This smallcap stock hit 5th straight lower circuit; down 53% in 1 week (04-10-2024)
Shares of Kamdhenu Ventures were locked at the 5 per cent lower circuit for the fifth straight day in Friday’s intra-day trade,
UCO Bank’s total advances jump 19% YoY in Q2 FY25 (04-10-2024)
UCO Bank reported 18.56% rise in total advances to Rs 1.98 lakh crore as on 30 September 2024 as against Rs 1.67 lakh crore recorded as on 30 September 2023.
Vakrangee Ltd leads losers in ‘A’ group (04-10-2024)
Edelweiss Financial Services Ltd, Reliance Infrastructure Ltd, Mahindra & Mahindra Financial Services Ltd and Chambal Fertilisers & Chemicals Ltd are among the other losers in the BSE’s ‘A’ group today, 04 October 2024.