Arvind SmartSpaces advanced 4.49% to Rs 829.75 after the company signed a new residential apartment project in Bengaluru, with a total estimated saleable area of 4.2 lakh sq. ft. and a top-line potential of Rs 600 crore.
Share price of Lupin rises as Nifty strengthens (09-10-2024)
A total of 17,806 shares changed hands on the counter till 10:56AM (IST).
Stock market update: Sugar stocks up as market rises (09-10-2024)
The 30-share BSE Sensex was up 569.3 points at 82204.11
Less volatility in INR reflects India’s strong macroeconomic fundamentals and improved external sector outlook, Says RBI (09-10-2024)
The Reserve Bank of India governor stated in its policy statement that during the current financial year (up to October 8), the exchange rate of the Indian rupee (INR) remained largely range-bound. The INR also continued to be the least volatile among peer EME currencies. This was so even during the high volatility episode, following the unwinding of yen carry trade in early August 2024. The lower volatility of the INR reflects Indias strong macroeconomic fundamentals and improved external sector outlook, On a financial year basis (up to October 8), the Indian rupee (INR) registered lower depreciation (-0.7 per cent) against the US dollar as compared to some of its emerging market peers like Philippine peso, Russian ruble, Turkish lira, Brazilian real, Argentine peso and Mexican peso. During 2024-25 (up to October 8), the INR was the least volatile (in terms of coefficient of variation) amongst peer EME currencies including Chinese yuan, Vietnamese dong, Philippine peso, Turkish lira
3 sectors Hemang Jani is bullish on for near term (09-10-2024)
So, our preferred picks within the sector are Lodha, which has corrected almost about 12-15% from the top and Godrej Property, which has done exceedingly well and has not corrected much but I think the overall fundamentals, the data points continue to remain positive.
RBI stance change to ‘Neutral’ sparks rally in Bank, Auto, Realty stocks (09-10-2024)
RBI MOC Policy today: The RBI Monetary Policy Committee (MPC) also kept its key repo rate unchanged at 6.5 per cent for a tenth straight policy
Shares of Crompton Greaves rise as Nifty gains (09-10-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 365.22.
Sensex rises! But these stocks are down 5% or more on BSE (09-10-2024)
In the Nifty pack, 38 stocks were trading in the green, while 12 stocks were trading in the red.
P N Gadgil Jewellers Ltd (09-10-2024)
Thank you for explaining why hedging is needed and what can go wrong with hedging. (Thanks to GPT or Gemini, whoever gave the description)
However my point of asking is regarding the % of gold hedging by PN Gargil as compared to other players, e.g Titan hedges 100%, Senso Gold hedges about 95% etc. I believe the hedging portion of PNG is lower than others, which can impact both upside and downside. I’m asking because last quarter Senco shared hedging impact on profitability.
A minor risk to be noted while understanding a business.
RBI changes policy stance to open window for rate cut (09-10-2024)
The Reserve Bank of India on Wednesday decided to keep the policy rate unchanged for the tenth time in a row but changed its stance to ‘neutral’ that may lead to a cut in the forthcoming policies. RBI maintained status quo despite the US Federal Reserve lowering the benchmark rates by 50 basis points last month.