US equities closed higher on Monday and the Dow and S&P 500 posted record highs. The Dow ended up by 61.29 points or 0.15 percent at 42,124.65. The S&P 500 closed up 16.02 points or 0.28 percent at 5,718.57, while the Nasdaq settled with a gain of 25.95 points or 0.14 percent at 17,974.27. Among stocks, shares of Intel jumped 3.4% following reports of potential multibillion-dollar investments from Apollo Global Management. Tesla climbed 4.9% as investors look forward to the much-anticipated robotaxi launch and the upcoming third-quarter sales figures.
Posts in category Business Standard
Paytm shares rise 3% after Emkay upgrade to ‘Add’, doubles target price (24-09-2024)
The surge in the Paytm stock was fueled by domestic brokerage Emkay’s upgrade to ‘Add’ from ‘Reduce.’
India seeks FATF oversight for online gaming to curb money laundering risks (24-09-2024)
If the FATF includes the sector within the AML/CFT framework, gaming platforms would need to adhere to KYC norms and report suspicious transactions, including identifying their beneficial owners
Nifty Metal shines as Chinese central bank cuts interest rate (24-09-2024)
Metal stocks rallied in India on Tuesday morning, after the People’s Bank of China (PBOC) lowered the 14 day reverse repo rate by 10 bps
Government of India announces the sale of three dated securities for a notified amount of Rs 34,000 crore (24-09-2024)
The Government of India (GoI) has announced the sale (re-issue) of (i) 7.04% Government Security 2029 for a notified amount of ₹12,000 crore (nominal) through price based auction using multiple price method, (ii) 7.23% Government Security 2039 for a notified amount of ₹12,000 crore (nominal) through price based auction using multiple price method and (iii) 7.09% Government Security 2054 for a notified amount of ₹10,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on September 27, 2024 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.
Volumes spurt at SKF India Ltd counter (24-09-2024)
SKF India Ltd clocked volume of 81867 shares by 10:48 IST on BSE, a 31.49 times surge over two-week average daily volume of 2600 shares
Ceinsys Tech raises Rs 235 cr via preferential allotment of shares and warrants (24-09-2024)
To fund inorganic expansion
Larsen & Toubro wins orders valued between Rs 10-15K cr in Middle East (24-09-2024)
Under its power transmission and distribution business
Coal India inks JV agreement with RRVUNL (24-09-2024)
Coal India informed that it has entered into a joint venture agreement (JV) with Rajasthan Rajya Vidyut Utpadan Nigam (RRUVNL) to establish brownfield thermal power project in Rajasthan.
Market hits record high; metal shares shine (24-09-2024)
At 10:30 IST, the barometer index, the S&P BSE Sensex added 96.44 points or 0.11% to 85,025.05. The Nifty 50 index rose 29 points or 0.11% to 25,968.05.