The Indian rupee settled flat near record lows at 84.08 (provisional) against the US dollar on Wednesday, facing pressure from a stronger American currency as well as relentless outflow of foreign funds. Muted sentiment in domestic equity markets and volatile geopolitics ahead of the US Presidential election also kept investors on the sidelines. Indian shares gave up early gains to end marginally lower on Wednesday. The benchmark 30-share BSE Sensex ended the session down 138.74 points, or 0.17 percent, at 80,081.98 due to concerns over stretched valuations and continued selling by foreign institutional investors amid rising global uncertainties. The broader NSE Nifty index dropped 36.60 points, or 0.15 percent, to close at 24,435.50. At the interbank foreign exchange market, the domestic unit opened at 84.07 against the greenback and traded in a narrow range throughout the session. The unit finally settled at the previous session’s closing level of 84.08 (provisional) against the …
Stock market update: Nifty Bank index falls 0.04% (23-10-2024)
The Nifty Bank index closed 0.04 per cent down at 51239.0.
Godavari Biorefineries IPO subscribed 27% (23-10-2024)
The offer received bids for 30.45 lakh shares as against 1.12 crore shares on offer.
Stock market update: Sugar stocks up as market falls (23-10-2024)
The 30-share BSE Sensex closed down 138.74 points at 80081.98
Deepak Builders & Engineers India IPO subscribed 41.54 times (23-10-2024)
The offer received bids for 37.24 crore shares as against 89.67 lakh shares on offer.
Waaree Energies IPO subscribed 76.34 times (23-10-2024)
The offer received bids for 160.91 crore shares as against 2.10 crore shares on offer.
HUL declares dividend of Rs 29 per share, fixes Nov 6 as record date (23-10-2024)
HUL declared an interim dividend of Rs 29 per share for FY25. The record date is November 6 and dividend will be paid on November 21. The dividend was announced along with the second quarter results, where the maker of Lifebuoy and Dove reported a 4% decline in its net profit at Rs 2612 crore.
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (23-10-2024)
Amber Enterprises, Firstsource, Interarch Building, Coforge and Persistent System, hit their fresh 52-week highs during the day.
Investing Basics – Feel free to ask the most basic questions (23-10-2024)
What is gain on fair valuation of investment and is it reported in standalone and consolidated statements.?