The 30-share BSE Sensex was up 65.54 points at 79607.33
Posts in category Economic Times
Rupee falls 5 paise to all-time low of 84.37 against US dollar in early trade (08-11-2024)
The Indian rupee hit a new all-time low against the US dollar due to foreign fund outflows and weak domestic equities. The US Fed’s recent interest rate cut and potential future cuts are influencing the rupee’s trajectory. Despite market volatility, experts predict the RBI will maintain a controlled range for the rupee against the dollar.
Share price of Siemens as Nifty (08-11-2024)
A total of 1,087 shares changed hands on the counter till 10:20AM (IST).
Stock market update: Stocks that hit 52-week lows on NSE (08-11-2024)
Trent, BPCL, Dr. Reddys, ICICI Bank and Coal India Ltd were among the top losers on NSE.
Zinka Logistics fixes price band of Rs 259-273 Rs 1,100 crore IPO. Check details (08-11-2024)
Zinka Logistics Solutions, an Indian platform for truck operators, has announced the price band for its upcoming IPO, set at Rs 259-273 per share. The IPO aims to raise Rs 1,114.72 crore, with funds allocated for expansion, technology enhancement, and debt reduction.
Stock market update: Nifty Bank index 0.13% in an upbeat market (08-11-2024)
The Nifty Bank index was trading 0.13 per cent at 51851.40.
Buy State Bank of India, target price Rs 1,030: Axis Securities (08-11-2024)
Axis Securities recommends buying shares of State Bank of India. They set a target price of Rs 1030 per share. SBI reported a consolidated total income of Rs 152125.05 crore for the quarter ended June 30, 2024. The bank’s net profit after tax for the same quarter was Rs 19324.96 crore.
Sensex falls! These stocks are down 5% or more on BSE (08-11-2024)
In the Nifty pack, 23 stocks were trading in the green, while 27 stocks were trading in the red.
FIIs just sucked out Rs 26,000 crore from banks and financial stocks. More pain on the way? (08-11-2024)
Foreign investors pulled out Rs 26,139 crore from Indian bank stocks in October. This was part of a larger withdrawal from Indian markets. FIIs also sold oil and gas, FMCG, and auto stocks. Analysts cite several factors, including US growth and sluggish Indian corporate earnings. However, domestic investors are showing interest in the financial sector.