Weightage almost 70 bps higher than China
Posts in category Business Standard
Deposit mobilisation: Banks seek level playing field vis-a-vis mutual funds (05-09-2024)
Industry lobby group IBA wants govt and RBI to intervene
Demat accounts hit fresh high in August, surpass 171 million mark (05-09-2024)
Despite market volatility, 4.2 mn accounts added in Aug
Ambani, Adani wooing mom-and-pop investors into financial markets (05-09-2024)
Adani Enterprises, is for the first time marketing bonds to mom and pop investors. The following day, Ambani-led Reliance’s board approved giving shareholders an extra share for every one they hold
Nippon, Axis mutual funds set to launch active momentum offerings (05-09-2024)
At present, there is only one active momentum fund, that of Samco MF. Most other fund houses have momentum factor-based funds on the passive side
A section of Sebi staff protests, seeks Madhabi Puri Buch’s resignation (05-09-2024)
Demand Buch’s resignation amidst row over unprofessional work culture
Shree Tirupati Balajee Agro IPO subscribed 6.36 times (05-09-2024)
The offer received bids for 1.43 crore shares as against 9.09 crore shares on offer.
Gala Precision Engineering IPO ends with more than 201x subscription (05-09-2024)
The offer received bids for 44.79 crore shares as against 22.23 lakh shares on offer.
INR settles slightly higher amid weak dollar overseas (05-09-2024)
The Indian rupee traded in a narrow range and settled for the day higher by 4 paise at 83.97 (provisional) against the US dollar on Thursday, on weakening of the American currency in the overseas market and an overall drop in crude oil prices. The dollar index traded around 101.3 on Thursday after losing half a percent in the previous session whereas yield on the 10-year US Treasury note held around 3.77% after falling for two straight sessions, as weak manufacturing and labor market data prompted traders to price in more aggressive rate cuts from the Federal Reserve this year. Investors awaited the key US jobs report for more insights on the extent of the Federal Reserves interest rate cut. Meanwhile, the domestic unit witnessed a slight negative bias on weak global equities and concerns over global economic growth. The benchmark 30-share BSE Sensex dropped 151.48 points, or 0.18 percent, to 82,201.16 while the broader NSE Nifty index closed at 25,145.10, down 53.60 points, or 0.21 .
Sensex slips 151 pts, Nifty below 25,150 as traders await US jobs data (05-09-2024)
Domestic equity benchmarks closed slightly lower on Thursday, with the Nifty50 settling below 25,150 after reaching a high of 25,275.45. Volatility was heightened due to the expiry of weekly index options on the NSE. IT, media, and consumer durables stocks outperformed, while auto and oil & gas sectors faced selling pressure. Investor sentiment remained cautious ahead of a series of key US economic data releases, which could influence the Federal Reserve’s decision on interest rate cuts. US jobless claims are due out on Thursday, followed by nonfarm payrolls and the unemployment rate on Friday.