Indian rupee logged its worst weekly decline since May to end at 83.97 per US dollar, LSEG data showed, as outflows in equities and a rise in crude oil prices put pressure on the local currency.
Posts in category Economic Times
RBI to conduct govt bond buyback auction worth Rs 25,000 crore on Oct 10 (04-10-2024)
The Centre has offered to repurchase up to Rs 25,000 crore worth of government securities through a buyback auction that will be conducted by the Reserve Bank of India on October 10.
Titan sees 25% YoY growth in Q2 as jewellery business picks up (04-10-2024)
Titan reported 25% YoY growth in Q2 FY25. 75 new stores were added, bringing the total to 3,171. Jewellery domestic operations grew 25% YoY. Consumer demand picked up after the reduction in custom duty on gold imports.
BSE arm launches 3 new indices. Check details (04-10-2024)
The BSE Sensex Sixty 65:35 is a strategy index consisting of 60 stocks, drawn from the BSE Sensex and BSE Sensex Next 30 in a 65:35 ratio. These 60 stocks account for over 55% of the total free float market capitalization of all listed companies in India. The 65:35 ratio is structured to provide greater exposure to the Next 30 stocks compared to the traditional free float market capitalization method.
Adani Wilmar Q2 Update: Co reports 16% YoY revenue growth on strong execution in edible oil, food biz (04-10-2024)
Adani Wilmar reports experiencing growth across its food business in various product categories and geographic regions throughout India. The company’s diverse range of oils and food products, along with increased production capacity, is now providing it with a significant distribution advantage due to economies of scale.
Stock brokers may participate in the G-Secs market, proposes Sebi (04-10-2024)
The regulatory framework issued by the relevant authority will specify how stock brokers operating on NDS-OM handle policy, eligibility, risk management, investor grievances, inspections, enforcement, and claims.
Nasdaq jumps over 1% at open after strong payrolls data (04-10-2024)
The Dow Jones Industrial Average opened up by 236.7 points (0.56%) at 42,248.26, while the S&P 500 gained 37.5 points (0.66%) to start at 5,737.48.
NSE, former chief Vikram Limaye, others settled TAP system case with Sebi; pay Rs 643 cr (04-10-2024)
The National Stock Exchange (NSE), its former chief Vikram Limaye and eight others on Friday settled with markets regulator Sebi a case pertaining to alleged bypass of trading access point (TAP) system by certain brokers after paying Rs 643 crore.
Piramal Capital raises $ 150 million from bond sale (04-10-2024)
Piramal Capital and Housing Finance on Friday said it has raised USD 150 million through a global bond sale. The bonds will be issued at a yield of 7.078 per cent and will have to be repaid in 3.32 years, according to a company statement.
Tech View: Nifty breaks below 50 DEMA, forms bear candle. How to trade on Monday (04-10-2024)
A bear candle appeared on both the daily and weekly charts, indicating a sharp reversal in Nifty’s near-term uptrend. Currently positioned near the support level around 25,000, there is potential for a minor upside bounce early in the week, likely presenting a sell-on-rise opportunity. A decisive break below the 25,000-24,950 range could lead to a further decline toward 24,500. Immediate resistance is expected around 25,300, according to Nagaraj Shetti of HDFC Securities.