The Indian rupee on Friday fell 11 paise, revisiting its all-time low of 84.09 (provisional) against the US dollar, tracking a weak domestic equity market and continued FII outflows. The benchmark 30-share BSE Sensex ended the session down 230.05 points, or 0.28 percent, at 81,381.36 while the broader NSE Nifty index settled 34.20 points, or 0.14 percent, lower at 24,964.25. Meanwhile, the situation in the Middle East continues to be volatile and might keep oil prices high and the rupee weak in the short term. At the interbank foreign exchange, the rupee opened at 83.97 against the dollar, 1 paisa higher than previous day’s close. It rose to the day’s high of 83.96 but tumbled to 84.10 before revisiting its all-time low of 84.09 (provisional), 11 paise lower than its previous close.
Sensex falls 230 points as investors turned cautious (11-10-2024)
From the Sensex pack, Tata Consultancy Services, Mahindra and Mahindra, ICICI Bank, Maruti Suzuki India, Power Grid, Axis Bank and Adani Ports and Special Economic Zones were among the laggards. On the other hand, HCL Technologies, Tech Mahindra, JSW Steel, Hindustan Unilever, Infosys and Titan were among the gainers.
Stock market update: Nifty Pharma index advances 1.19% (11-10-2024)
The Nifty Pharma index closed 1.19 per cent up at 23582.25.
Stock market update: Nifty Pharma index advances 1.19% (11-10-2024)
The Nifty Pharma index closed 1.19 per cent up at 23582.25.
Motilal Oswal launches Digital India Fund focused on tech and digital ecosystem growth (11-10-2024)
The NFO, which opened on October 11, 2024, aims to invest in companies within the Technology, Telecom, Media, Entertainment, and related ancillary sectors, excluding traditional IT services providers
Rajiv Jain’s GQG raises stake in Ambuja Cements by 70 bps to 2.05% in September quarter (11-10-2024)
Rajiv Jain’s GQG Partners has significantly increased its stake in Ambuja Cements to 2.05% in Q3 2024. Despite the stock’s 31% annual return outperforming the Nifty index, Ambuja is expected to see a decline in revenue and profit in the latest quarter reported.
Rajiv Jain’s GQG raises stake in Ambuja Cements by 70 bps to 2.05% in September quarter (11-10-2024)
Rajiv Jain’s GQG Partners has significantly increased its stake in Ambuja Cements to 2.05% in Q3 2024. Despite the stock’s 31% annual return outperforming the Nifty index, Ambuja is expected to see a decline in revenue and profit in the latest quarter reported.
BSP won’t ally with regional parties in any state; will stay away from NDA, INDIA bloc: Mayawati (11-10-2024)
Mayawati announced that the BSP will avoid alliances with regional forces in any state, citing past unsatisfactory results and maintaining distance from BJP and Congress-led alliances. Through a review meeting, strategic decisions were made to focus on protecting party cadres and adhering to its core values.